The Global Crusher Backing Compound Market is projected to grow at a CAGR of around 4.2 % over the next six years. The key factors driving the growth of the market include; Growing construction sector across the globe, and rising mineral exploration & mining activities. Moreover, increasing R&D & continuous innovation in product development is also fostering the growth of the global crusher backing compound market.
Crusher backing compounds are used to increase the life of the crusher equipment. The crusher backing compound fills the spaces behind the wear parts and the outer jacket, and reduces the effect of friction, and vibration during the crushing operations. The backing compound acts as a reinforcing layer, and also works as a shock absorber by absorbing the vibrational energy, thus protecting it from serious wear and tear. These backing compounds are highly effective and safe to use compared to the traditionally used molten metal backing materials. They eliminate the need for melting or the use of hazardous equipment.
With the rapid urbanization, there has been an increase in construction activities across the globe. Various governments are increasingly investing in infrastructure projects, which has led to an increased adoption of Crushers. This in turn has favorably affected the crusher backing market. Moreover, the continuous product development in the backing compound has also resulted in more sustainable backing compounds in the market. However, the crusher backing compound market is expected to be hampered due to the advancements in the crusher machines that do not require backing materials.
