Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 583.40 Million | USD 684.52 Million | 2.70% | 2021 |
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.
A rotary kiln is a big device that is shaped like a spinning cylinder and is used to get solids to temperatures high enough to produce a chemical reaction or a change in their physical state. It is widely utilised in a variety of industrial operations including the production of cement, the processing of minerals, and the combustion of garbage. In order to endure the high temperatures and severe conditions that are contained within the kiln, it is often constructed out of steel and lined with refractory materials. The kiln spins around its axis and is tilted at a very tiny inclination, which enables materials to pass through it under the influence of gravity. The components are loaded into the kiln from the top, and as they make their way down the length of the chamber, they are heated by the hot gases that are circulating within the chamber.
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