Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 583.40 Million | USD 684.52 Million | 2.70% | 2021 |
The global rotary kiln market size was worth around USD 583.40 million in 2021 and is estimated to grow to about USD 684.52 million by 2028, with a compound annual growth rate (CAGR) of approximately 2.70 percent over the forecast period. The report analyzes the rotary kiln market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the rotary kiln market.
The rotary kiln is a long steel cylinder with a refractory lining supported on rollers so that it can rotate on its axis and is erected with a slight inclination to the horizontal so that the prepared raw materials are inserted at the upper end and moves toward the lower back where the fuel is blown in by an air jet. It is commonly used to treat hazardous waste by thermal destruction. It is a large rotating cylindrical tank. Rotary kilns are used in thermal processes for heating, drying, pyrolysis, and sintering with the use of hot gases, in a continuous process. A rotary kiln is also known as a rotary calciner. Cement and lime manufacturers are establishing and expanding more factories to meet the growing demand for cement and steel in the construction industry. These manufacturers are focusing on increasing their production capacity by setting up new cement and lime plants, which is expected to drive demand for rotary kiln systems. Therefore, the rotary kiln market is expected to grow at an impressive rate in the coming years. Furthermore, the fluctuating material price affects rotary kiln construction. Any instability in the price of raw materials such as steel, one of the essential raw materials in constructing rotary kilns, directly impacts production costs.
The COVID-19 pandemic has impacted the businesses in rotary kilns. The COVID-19 pandemic spread throughout the world as strict lockdowns are implemented by governments and shut down companies. Thus, the movement of people is restricted during the covid-19 pandemic; the global rotary kiln market is likely to be impacted considerably during the forecast period. Besides that, the uncertain use of these rotary kiln products affected the market growth during the pandemic period.
The expansion of cement and lime manufacturers aids the global market growth
Cement and lime manufacturers are establishing and expanding more factories to meet the growing demand for cement and steel in the construction industry. These manufacturers are focusing on increasing production capacity by installing new cement and lime plants, which are expected to drive demand for rotary kiln systems. Therefore, the global rotary kiln market is expected to grow at an impressive rate in the coming years.
Furthermore, alternative fuels such as waste oil, solvents, fabrics, waste paper, rice husks, sawdust, and sewage sludge are trending in the market. In addition, construction and demolition wastes such as timber, used carpets, and old asphalt shingles are often used as low-carbon alternative fuels. Using alternative fuels helps conserve resources and reduce carbon dioxide emissions. These factors will further support the market’s growth in the forecast years.
The fluctuation of raw material prices may hamper the global market growth
Fluctuating raw material prices affect rotary kiln construction. Any instability in the price of raw materials such as steel, one of the essential raw materials in constructing rotary kilns, directly impacts production costs. As a result, fluctuating raw material prices have restrained manufacturers, thereby hindering the growth of the rotary kiln market.
The active use of rotary kilns in various applications brings up several growth opportunities
Active use of rotary kilns in several industries for heat treatment of residual losses of various origins, mainly for treating hazardous waste by fire. Developing and installing new cement plants is crucial for the global rotary kiln industry. Most cement and lime manufacturers are increasing their current production capacity to meet the growing demand for cement and steel in the construction industry. The expansion and installation of these new cement, lime, and steel production units are expected to drive future growth during the forecast period.
The global rotary kiln market is segregated based on type, application, and region.
By type, the market is divided into cement kilns, lime kilns, and metallurgy kilns. Among these, the cement kilns segment dominates the market, accounting for a significant percentage of global sales due to its superior strength and durability. It also helps strengthen buildings built in earthquake-prone areas.
By application, the market is bifurcated into cement, metallurgy, chemical, and others. Over the forecast period, the cement segment is dominating the market due to the increasing commercial and residential activities all over the world increasing the demand for cement.
Report Attributes | Report Details |
---|---|
Report Name | Rotary Kiln Market Size Research Report |
Market Size in 2021 | USD 583.40 Million |
Market Forecast in 2028 | USD 684.52 Million |
Compound Annual Growth Rate | CAGR of 2.70% |
Number of Pages | 209 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Feeco, LNVT, CITIC HIC, Pengfei Group, Hongxing Machinery, CHMP, Tongli Heavy Machinery, NHI, and Shanghai Minggong. |
Segments Covered | By Type, By Application, And By Region |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The new construction projects help the Asia Pacific dominate the global market
The Asia Pacific will account for a significant share of the global rotary kiln market, supporting market growth during the forecast period. Factors such as growing demand for cement & lime, growth in construction & mining activities, and the increasing number of cement plants will drive the Asia Pacific rotary kiln market growth during the forecast period. The rotary kiln market growth in the Asia Pacific region will be faster than in other areas. China, India, Japan, and Korea are the main markets for rotary kilns in the Asia Pacific.
Rotary Kiln Market: Competitive Landscape
Some of the main competitors dominating the global rotary kiln market include –
By Type
By Application
By Region
FrequentlyAsked Questions
Cement and lime manufacturers are establishing and expanding more factories to meet the growing demand for cement and steel in the construction industry. These manufacturers are focusing on increasing their production capacity by setting up new cement and lime plants, which is expected to drive demand for rotary kiln systems. Therefore, the rotary kiln market is expected to grow at an impressive rate in the coming years.
According to the Zion Market Research report, the global rotary kiln market was worth about 583.40 (USD million) in 2021 and is predicted to grow to around 684.52 (USD million) by 2028 with a compound annual growth rate (CAGR) of about 2.70 percent.
The Asia Pacific will account for a significant share of the global rotary kiln market, supporting market growth during the forecast period. Factors such as growing demand for cement and lime, growth in construction and mining activities, and the increasing number of cement plants will drive the Asia Pacific rotary kiln market growth during the forecast period. Market growth in this region will be faster than in other areas. China, India, Japan, and Korea are the main markets for rotary kilns in the Asia Pacific.
The main competitors dominating the global rotary kiln market include Feeco, LNVT, CITIC HIC, Pengfei Group, Hongxing Machinery, CHMP, Tongli Heavy Machinery, NHI, and Shanghai Minggong.
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