openPR Logo
Press release

Crusher Backing Materials Market Key Players, Major Drivers and Demand by 2030

11-15-2021 05:29 AM CET | Industry, Real Estate & Construction

Press release from: Transparency Market Research

Albany, NY - Crusher Backing Materials Market: Introduction

In terms of value, the global crusher backing materials market is expected to reach US$ 33 Mn by 2030, expanding at a CAGR of ~4% during the forecast period. The increase in demand for crusher backing materials in crusher machines is a key factor driving the global crusher backing materials market. Additionally, growth in the mining industry across the globe is anticipated to fuel the global market during the forecast period.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=74453

Major Drivers of Crusher Backing Materials Market

The demand for metals and minerals has been increasing in various industries. Investment in mining and exploration of these metals and minerals has increased over the past few years. This is boosting the use of crushers in the mining industry. These factors are estimated to drive the global crusher backing materials market during the forecast period. The construction industry in Asia Pacific is expanding at a rapid pace, due to the large number of projects in pipeline. This is anticipated to fuel the demand for metals, minerals, and construction aggregates in the region during the forecast period. In turn, this is estimated to boost the production of construction aggregates, which require various types of crushers. Leading manufacturers of construction aggregates are employing advanced crushers and crusher solutions, including crusher backing materials to increase productivity. Thus, rapid growth of the construction aggregates industry in developing countries is driving the demand for crushers, thereby boosting the crusher backing materials market in these countries.

More Trending Reports by Transparency Market Research โ€“https://www.prnewswire.com/news-releases/animal-feed-amino-acids-market-to-reach-valuation-of-us-14-1-bn-by-2027-developing-concerns-about-animal-health-stimulates-the-growth-of-global-market-noted-tmr-301026065.html

Cone Crushers to Witness High Demand

Based on application, the cone crushers segment dominated the global crusher backing materials market in 2019. Crusher backing materials are used as shock-absorbing materials. They prevent the wear of parts of crushers. They are also useful in enhancing the life of machinery and protect it from unnecessary damage, vibration, friction, and impact during crushing operations. The stone crushers segment is expected to expand at a significant pace by 2030. Crusher backing materials are employed as substitutes for various compounds in crushers. Grinding mills is another lucrative segment of the market across the globe. Crusher backing materials are used to crush aggregates that are employed as concrete admixtures in various constriction activities.

Mining & Smelting End-use Industry to Dominate Crusher Backing Materials Market

Increase in consumption of crusher backing materials in the mining industry is projected to drive the demand for these materials during the forecast period. Moreover, rise in demand for metals, minerals, and aggregates is augmenting the usage of various types of crusher machinery. This, in turn, is boosting the demand for crusher backing materials in the mining & smelting segment. Crushing machines or crushers are used to break large, dense materials such as stones into more easily manageable forms. Durable and shock-absorbing crusher backing materials play a vital role in the protection and reinforcement of heavy-duty mining and quarry equipment.

Buy Now - https://www.transparencymarketresearch.com/checkout.php?rep_id=74453<ype=S

Asia Pacific Holds Prominent Share of Crusher Backing Materials Market

In terms of volume, Asia Pacific accounted for a leading share of the global crusher backing materials market in 2019, due to rise in investments in the construction sector by governments of China, India, and Thailand. China is expected to constitute significant share of the market in Asia Pacific during the forecast period. Wide construction base, high availability of raw materials, and less regulations on mining are key factors driving the demand for crusher backing materials in the country. Middle East & Africa is another major consumer of crusher backing materials, led by the presence of a large number of mining reserves as well as facilities in the region. Rise in production of various minerals and growth in the construction sector are anticipated to boost the demand for crusher backing materials in Middle East & Africa in the near future.

The crusher backing materials market in Europe is anticipated to expand in the near future, owing to expansion in the construction industry in Germany, Turkey, Russia, and France. North America is a prominent mining base; therefore, it is a key region of the crusher backing materials market.

Key Players in Global Market

The global crusher backing materials market was highly fragmented, with various small- and medium-scale producers of crusher backing materials constituting nearly 50% of the market share in 2019. In February 2020, Henkel Adhesives Technologies India, a subsidiary of Henkel AG & Co. KGaA, opened a new production facility in Kurkumbh, India. Major players operating in the global crusher backing materials market include Henkel Corporation Engineering Adhesives, FLSmidth & Co. A/S, ITW Performance Polymers, ESCO Corporation, Columbia Steel Casting Co., Inc., Copps Industries, Monarch Industrial Product (I) Pvt Ltd, and Micor Company, Inc.

Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=74453

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Crusher Backing Materials Market Key Players, Major Drivers and Demand by 2030 here

News-ID: 2461251 • Views: โ€ฆ

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud โ€ฆ
The global ๐ญ๐ข๐ฌ๐ฌ๐ฎ๐ž ๐›๐š๐ง๐ค๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expectedโ€ฆ
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global ๐ฏ๐š๐ฌ๐œ๐ฎ๐ฅ๐š๐ซ ๐œ๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ž ๐๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bnโ€ฆ
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐‡๐ž๐š๐ฅ๐ญ๐ก ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internetโ€ฆ
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 โ€ฆ
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:โ€ฆ

All 5 Releases


More Releases for Crusher

Impact Crusher Market to Witness a Pronounce Growth During 2018 to 2028(The Impa โ€ฆ
Impact Crusher Market: Overview Impact crusher are industrial machines used after primary and secondary crushing. Impact crusher has major applications in production of sand, medium and coarse aggregates. Impact crusher for limestone applications caters to asphalt aggregates, gravel, sand, road base and cements. Besides, the industrial applications include catering corundum, glass, refractories, silicon carbide, corundite, ferro silicon, zeolite, and tungsten carbide. Impact crusher includes vertical shaft impact crushers and horizontal impactโ€ฆ
Global Crusher Market Research Report 2018-2023
Global Crusher Market Research are utilized to squash limestone, sandstone, and rock, press metal, and different minerals. These Crusher Market are commonly utilized in auxiliary smashing in pounding circuit with respect to additionally preparing of minerals. Global Crusher Market Research guarantee high profitability, long life, water powered alteration, pressure driven clearing, and are financially savvy, and are consequently dominatingly utilized in mining businesses. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=6566 Table of Contents Tableโ€ฆ
Global Rolling Ring Turnings Crusher Market Analysis
Global Rolling Ring Turnings Crusher Market elaborates the complete details covering product definition, product type, key companies, and application. The report covers useful details which are categorized based on rolling ring turnings crusher production region, major players, and product type which will provide a simplified view of the rolling ring turnings crusher industry. The rolling ring turnings crusher market report presents the competitive scenario of the major market players basedโ€ฆ
Key players in the Global cone crusher market include WESTPRO, Telsmith, Terex, โ€ฆ
Global Cone Crusher Market Overview: A cone crusher is used in a crushing circuit as a secondary crusher. It is called secondary crusher because the previously crushed product is crushed or treated with a cone crusher. The cone crushers work with the transmission belts and are driven by an electric motor or even by a diesel engine. Although the diesel generator is used to power the cone crusher, it is consideredโ€ฆ
Global Crusher Market Intelligence Report For Comprehensive Information 2018-202 โ€ฆ
Description: In our aim to bring the best and complete information to our clients, we at Orbis Research present the 2018 Global Crusher Market professional survey. The well curated survey by the leading research experts and domain knowledge professionals provides clients with the true picture of the Global Crusher Market. The survey is expected to push the understanding of the market and its trends for the clients and help drive theโ€ฆ
Ecological Construction Calling for Environmental Crusher
Concerning on the situation change, it is not difficult to see that the ecological construction will be the topic in industries, including mining machinery, therefore, the reformation of heavy equipment is the key component. It is reported that crushing machine has developed for several centuries in China, and with the breakthrough of technology, crusher technique is also innovating in several aspects, such as breaking process, working mode, production means, and soโ€ฆ