Crusher Backing Materials Market Overview
Crusher backing materials are substances that are used to eliminate gaps or misalignments behind the principal parts of a crusher. Deploying effective crusher breaking compounds and release agents are important for enhancing the life of any crushing equipment, thus helping reduce excessive maintenance costs.
Crusher backing materials offer enhanced impact tolerance, minimum container filler segments, and low shrinkage possibilities. Attributed to these benefits, these materials are highly suitable for various ancillary applications such as bonding, fastening, grouting and filling.
According to Fact.MR, the global crusher backing materials market size is slated to expand moderately across the 2020-2030 forecast period. This growth is largely underpinned by surging volumes of mining and mineral extraction activities, which require extensive usage of crushers to break through tough materials.
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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 Trends of Crusher Backing Materials Market
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Crusher Backing Materials Market – Segmentation
Fact.MR’s research study assesses the global crusher backing materials market in terms of application, end-use industry, and region. This report presents extensive market dynamics and trends associated with different segments of the market and their influence on the growth prospects of the global crusher backing materials market.
Application
End-use Industry
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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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