Mill Liner Market Trends

Mill Liner Market Driver

Material handling industry to witness an increase in use of mill liners

• Material handling is one of the mining-related industries that are expanding globally. The number of coal handling plants is growing along with the material handling industry. From a mine to a thermal power plant, coal of the same size is transported through a coal handling plant. Coal handling facilities typically convey the uniformly sized coal to a thermal power plant after using a Mill to reduce large coal lumps into workable size.
• The need for grinding mills is largely driven by the growth in the number of coal handling facilities and the production of large quantities of electricity.

Mill Liner Market Restraint

High investment costs to limit the entry of market entrants

• Because of the technological advancements, the initial investment cost is high. These high costs will most likely hinder the growth of the market in the coming future. Also, the equipment failure chances are most likely to occur in this sector. These factors like high cost and high chances of equipment failure are most likely to prove restraining factors for the market.