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Crusher Backing Materials Market to Reach US$ 33 Mn by 2030; Fact.MR Study

With increase in global population, demand for construction and infrastructure development has risen manifold in the past several decades. This is largely in response to surging urbanization and the consequent demand for housing. As a result, mining operations for construction materials has accelerated. Moreover, fast-paced industrial development has augmented the need for essential minerals and metals such as iron ore, copper, gold, bauxite, hydrocarbons, etc., for a number of manufacturing processes, thus increasing exploration and mining for these elements.

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crusher backing materials market

Based on these trends, the need for heavy crushers is proliferating, leading to constant maintenance and upgradation of the same, heightening the growth prospects of the crusher backing materials market.

The global crusher backing materials market is slated to reach a valuation amounting to US$ 33 Mn by the year 2030, according to Fact.MR’s recently published report on the subject.

Key Takeaways from Crusher Backing Materials Market Study

  • Cone crushers to pivot growth, grinding mills to emerge as the 2nd largest segment, by application.
  • By end-use industry, mining & smelting operations are likely to register extensive usage of crusher backing materials.
  • Asia Pacific to emerge as a hub for manufacturers in the crusher backing materials market, owing to rapid growth of the construction sector.
  • Epoxy-derived materials to be highly popular, attributed to their high resistance to thermal stress and enhanced adaptability.
  • The coronavirus pandemic has brought about a massive deceleration in the global economy, resulting in immense sluggishness across several industries, including the crusher backing materials market.

“Adoption of technologically-advanced crushers is restricting the uptake of crusher backing materials in mature markets, compelling vendors to tap into emerging economies to remain afloat,” concludes a Fact.MR analyst.

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Crusher Backing Materials Market: Competition Analysis

Prominent players within the crusher backing materials landscape 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., Micor Company Inc., HPZ Crusher Services Inc., Unnathi Enterprises, and FINSAID Group Oy, to name a few. Strategic collaborations, acquisitions, and product launches are at the core of the aforementioned players’ expansion strategies. Additionally, certain players are expanding their geographical outreach by foraying into untapped markets.

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  • For instance, Henkel Corporation India recently opened a new production facility in Kurkumbh, India, in February 2020.
  • With regard to product offerings, ITW Performance Polymers markets the KORROBOND 65 two-component epoxy-based backing compound and damping material for primary gyratory and cone crushers. The product offers very high compressive strength, is easy to mix & pour, and provides high impact strength and resilience.
  • Likewise, Monarch Industrial Products (I) Pvt. Ltd. markets and sells the KrushMore HPCBC 8.5 kg CBC01 crusher backing compound. This compound is a 100% solid epoxy used to back wear plates in cone and gyratory offering crushers. It completely eliminates voids, gaps, and misalignments between liners.
  • In July 2019, ESCO Corporation was acquired by Weir Group for a sum of US$ 1.3 billion, in order to broad base its ground-based mining equipment business by establishing a steady source of capital to fund growth and reinvestments.

More Valuable Insights on Crusher Backing Materials Market

Fact.MR, in its new offering, presents an unbiased analysis of the global crusher backing materials market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the basis of application (cone crushers, gyratory crushers, stone crushers, grinding mills, and others [jaw crushers and crusher buckets]) and end-use industry (mining & smelting and building & construction), across five major regions.

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Impact Of Covid-19 on Crusher Backing Materials Market 2020 Industry Challenges, Business Overview and Forecast Research Study 2026

“The research team projects that the Crusher Backing Materials market size will grow from XXX in 2019 to XXX by 2026, at an estimated CAGR of XX. The base year considered for the study is 2019, and the market size is projected from 2020 to 2026.

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 30 major countries. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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Fill-in for Contact Form for Tailor-made List, Henkel Corporation, Micor Company, Inc., ESCO Corporation, FLSmidth & Co. A/S, Monarch Industrial Product (I) Pvt Ltd, ITW Performance Polymers, Unnathi Enterprises, Copps Industries, Columbia Steel Casting Co., Inc., HPZ Crusher Services Inc., FINSAD Group Oy, G & S Chemicals, Epoxa US, Key….

by-product types, 100% Solid Epoxy Compound, <100% Solid Epoxy Compound, Others-types

by-applications, Mining and Smelting, Building and Construction, Others, Others-apps

by-regions, North America, United States, Canada, Mexico

East Asia, China, Japan, South Korea

Europe, Germany, United Kingdom, France, Italy

South Asia, India

Southeast Asia, Indonesia, Thailand, Singapore

Middle East, Turkey, Saudi Arabia, Iran

Africa, Nigeria, South Africa

Oceania, Australia

South America, Regional scope can be customized

Brief about Crusher Backing Materials Market Report with [email protected]https://hongchunresearch.com/report/2021-2025-global-crusher-backing-materials-market-132499

Points Covered in The Report, The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc., The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast., The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail., Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements., The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase, To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape., Assess the production processes, major issues, and solutions to mitigate the development risk., To understand the most affecting driving and restraining forces in the market and its impact in the global market., Learn about the market strategies that are being adopted by leading respective organizations., To understand the future outlook and prospects for the market., Besides the standard structure reports, we also provide custom research according to specific requirements.

The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Crusher Backing Materials 2015-2020, and development forecast 2021-2026 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2019.

Key Indicators Analysed, Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2020 & Sales by Product Types., Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2021-2026. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast., Market Analysis by Product Type: The report covers majority Product Types in the Crusher Backing Materials Industry, including its product specifications by each key player, volume, sales by Volume and Value (M USD)., Market Analysis by Application Type: Based on the Crusher Backing Materials Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications., Market Trends: Market key trends which include Increased Competition and Continuous Innovations., Opportunities and Drivers: Identifying the Growing Demands and New Technology, Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

COVID-19 Impact, Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Crusher Backing Materials market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.,

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Table of Content

Chapter One: Report Overview

Chapter Two: Market Competition by Manufacturers

Chapter Three: Sales by Region

Chapter Four: North America

Chapter Five: East Asia

Chapter Six: Europe

Chapter Seven: South Asia

Chapter Eight: Southeast Asia

Chapter Nine: Middle East

Chapter Ten: Africa

Chapter Eleven: Oceania

Chapter Twelve: South America continued…

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