Impact of Covid-19 on Crusher Backing Materials Market Demand – Insights and In-Depth Analysis 2020-2030

Companies in the crusher backing materials market are maintaining clean production facilities and providing employees with necessary supplies for work-from-home routine. Canada’s distributor of maintenance, repair, and operational supplies has stepped in to maintain uninterrupted supply chains for its clients amidst the ongoing coronavirus (COVID-19) pandemic and emphasizes on social distancing norms in facilities. Thus, emerging market players are taking cues from such companies to establish signage and floor markings in production facilities amidst the COVID-19 pandemic.

Floor plan change and ensuring work-from-home supplies for employees is helping manufacturers to boost their credibility credentials in the global crusher backing materials market landscape. Companies are redesigning their facilities to reduce the density of occupants and minimize unsafe interaction. Moreover, clearly marked areas help remind employees to practice physical distancing and ensure interaction in a safe manner.

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Solids Epoxy Compounds in Materials Help Eliminate Gaps between Liners

There is a growing demand for crusher backing materials for cone crushers and grinding mills operating under normal conditions. Manufacturers are innovating in 100% solids epoxy compounds for producing crusher backing materials that back wear plates in cone crushers. For instance, Henkel Adhesives-a specialist in adhesives, functional coatings, and sealants is gaining popularity for its LOCTITE® Nordbak Backing Material, which is made from 100% solids epoxy compounds, and offers high compressive strength and impact resistance in materials.

Advantageous attributes of crusher backing materials made from 100% solids epoxy compounds, such as high volumetric stability and non-flammable properties are being highly preferred by end users in the mining and smelting industries. This explains why the crusher backing materials market is projected to reach a value of US$ 33 Mn by the end of 2030. High volumetric stability of crusher backing materials made from solids epoxy compounds helps to eliminate gaps between liners.

Advanced Crushers Pose a Threat for Crusher Backing Material Sales

The crusher backing materials market is slated to expand at a modest CAGR of ~4% during the assessment period. This is evident since certain companies are developing crushers and grinding mills that do not need crusher backing materials. This may affect revenue sales of crusher backing materials, thus lowering revenue collection. Thus, manufactures in the crusher backing materials market should leverage incremental opportunities in developing economies where there is high demand for these materials.

Engineering crushers and grinding mills that eliminate the need for crusher backing materials can be potentially cost-intensive. Since end users of the building and construction industry in developing economies are cash-strapped and have limited capital expenditure, they are more likely to opt for crushers and grinding mills that require crusher backing materials.

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High Popularity of Epoxy Products Increase Uptake of Materials

Epoxy crusher backing materials are gaining increased popularity in the crusher backing materials market. This can be attributed to the rise in sales and demand for epoxy products in the past few years. Hence, Copp Industries Inc. has strived to provide high-quality epoxy products, including epoxy crusher backing materials. Companies in the market for crusher backing materials are aiming to strengthen their supply chains in North America, Europe, and best-known countries in the Pacific Rim.

Manufacturers in the crusher backing materials market are focusing on standardized backing compounds to tap into revenue opportunities for supplies meant for gyratory and stone crushers. They are increasing the availability of materials made with enhanced compressive strength and can withstand various heat distortion temperatures. Companies are taking the extra mile by improving their secondary services such as R&D activities, testing, and prototyping.

Automated and Hydraulic Cone Crushers Create High Demand for Crusher Backing Materials

Hi-tech crushers and powder grinding machinery are creating value-grab opportunities for companies in the crusher backing materials market. For instance, the Shanghai A&C Mining and Construction Machinery Co. Ltd., specializes in R&D for manufacturing state-of-the-art crushers and powder grinding machinery used in mining and construction industries. Lucrative opportunities for business expansion prevail in countries of Southeast Asia, Eastern Europe, and Latin America.

Companies are developing hydraulic cone crushers that significantly improve efficiency and production in mining and smelting industries. This is another key driver contributing toward the growth of the crusher backing materials market. Hydraulic crushing machinery with thin oil lubrication helps to improve the shelf life of crushers. This create a steady demand for crusher backing materials. Moreover, automation advancements in crusher machinery is creating a demand for crusher backing material products.

Manganese Cone Crusher Mantle Liners Create Stable Revenue Streams for Manufacturers

Manufacturers in the crusher backing materials market are experimenting with different crusher backing resins and crusher backing compounds to gain recognition in the mining industry. Various fleets of manganese cone crusher mantle liners are fueling the demand for crusher backing materials. Thus, companies in the crusher backing materials market are capitalizing on such opportunities to boost their production capacities. Cutting-edge series of jaw crushers, hydraulic gyratory crushers, and cone crushers are creating incremental opportunities for manufacturers.

Superfine grinding mills and vertical roller mills are being pervasively used in mining and smelting industries. High demand for primary crushers in India is another key driver for crusher backing material manufacturers. Primary applications in the mining industry such as crushing of mined ores and aggregate materials with the help of robust jaw crushers is surging worldwide.

Analysts’ Viewpoint

Maintaining air quality and special cleaning at production facilities is helping manufacturers to abide by the COVID-19 norms set by local and federal authorities. Apart from cone and stone crushers, manufacturers in the crusher backing materials market should make available products for jaw crushers and crusher buckets. However, advanced crushers that eliminate the need for crusher backing materials are potentially affecting the sales of these products. Hence, companies should focus on opportunities in developing economies, as end users opt for cost-efficient crushers and grinding mills that require crusher backing materials. They should increase production capabilities for epoxy products since these products are in high demand worldwide.