Report Overview
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The global cement kilns market size was USD 117 million in 2020. As per our research, the market is expected to reach USD 172.8 million by 2027, exhibiting a CAGR of 4.6% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels.
cement kilns are used in the pyroprocessing stage in the production of portland and other types of hydraulic cement, in which calcium carbonate reacts with silica-bearing materials to generate a calcium-silicate mixture. Every year, over a billion tonnes of cement are produced, and cement kilns are at the core of this process: their capacity usually defines the capacity of the cement plant. Improving kiln efficiency has been a fundamental focus of cement manufacturing technology because it is the main energy-consuming and greenhouse-gas-emitting stage of cement manufacture. cement kiln emissions are a substantial source of greenhouse gas emissions, accounting for around 2.5% of non-natural carbon emissions globally.
COVID-19 Impact: Pandemic Slowed the Market Growth
As a result of the COVID-19 pandemic, which has slowed building in numerous nations, the industry has seen decreasing demand for its products, resulting in overcapacity. Cement companies are anticipated to weather the storm but must improve their sustainability and competitiveness. Companies must also cut their carbon emissions for long-term profitability; with the cement sector accounting for substantial global greenhouse gas emissions, the industry is under increasing pressure to attain carbon neutrality.
As global demand has remained stable over the previous decade, the historical capacity increase has given place to regional overcapacity, with a global average utilization of roughly 70%. Another issue is the significant capital expenditure necessary, and many cement companies struggle to achieve profits that exceed their investment.
Latest Trends
"CemZero’s Initiative to Achieve Zero CO2 Emissions by 2030"
Cementa's CemZero initiative aims to achieve zero CO2 emissions from cement products by 2030 through full-scale electric cement production. In addition, the VTT Technical Research Centre in Finland is working with Kumera and partners Finnsementti and Nordkalk to develop an electrically heated cement kiln.
Segmentation
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- By Type Analysis
By Type, the market is fragmented into Less than 2000ton/day, 2000-5000ton/day, More than 5000ton/day.
- By Application Analysis
By Application, the market is bifurcated into wet cement production and dry cement production.
Driving Factors
"Growing Production Capacity to Ampily Market Growth"
Cement and lime makers are establishing and developing new factories to accommodate the increased demand for cement and steel in the building industry. These businesses are concentrating on growing production capacity by constructing new cement and lime facilities, which will drive demand for cement kilns systems. As a result, the worldwide cement kilns market growth will likely expand rapidly in the coming years.
"Alternative Fuels Conserves to Boost Market Growth"
In addition, alternative fuels such as waste oil, solvents, textiles, waste paper, rice husks, sawdust, and sewage sludge are becoming popular in the market. Furthermore, construction and demolition wastes, including wood, worn carpets, and old asphalt shingles, are frequently used as low-carbon alternative fuels. Using alternative fuels conserves resources and reduces CO2 emissions. These factors will help the industry grow even more in the next years.
Restraining Factors
"Raw Material Price Fluctuations of the Product to Be a Major Restraint "
Raw material price fluctuations have an impact on cement kilns construction. Any fluctuation in the price of raw materials, such as steel used in constructing cement kilns, directly impacts production costs. As a result of fluctuating raw material prices, manufacturers have been limited, stifling the expansion of the cement kilns market.
Regional Insights
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"Asia Pacific to Account for a Considerable Share of the Market "
During the projection period, Asia Pacific will account for a considerable part of the worldwide cement kilns market share, supporting market expansion. Factors such as rising cement and lime consumption, increased construction and mining activity, and an increase in the number of cement plants will propel the Asia Pacific cement kilns market during the forecast period. The Asia Pacific cement kilns market will develop faster than the rest of the world. In Asia Pacific, the key markets for cement kilns are China, India, Japan, and Korea.
Key Industry Players
"Market Players to Employ Tactics In Order to Amplify Market Position"
Key market players in the soybean market share are entering into strategic partnerships and collaborations to expand their product portfolios, enhance their market presence, and cater to a broader customer base. Companies are focusing on continuous product innovation to meet evolving customer demands. Customization options, such as design, fixtures, and materials, provide a competitive advantage in the market. Market players are expanding their geographical presence through acquisitions, mergers, and establishing manufacturing facilities in new regions. This enables them to cater to the increasing demand for prefabricated bathroom pods across different markets.
List of Market Players Profiled
- FLSmidth (India)
- Thyssenkrupp (German)
- Pengfei Group (China)
- CBMI (China)
- Hongxing Machinery (China)
- FIVES Group (Europe)
Report Coverage
The report's devoted part informs about the impact of COVID-19 and its succeeding variant outbreaks on demand, supply, price, vendor uptake, and recommendations for long-term outcomes. The updated study contains insights, analyses, projections, and predictions for the market, considering the COVID-19 impact. The research profiles a report with extensive studies describing the firms in the market affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 117 Million in 2020 |
Market Size Value By |
US$ 172.8 Million by 2027 |
Growth Rate |
CAGR of 4.6% from 2020 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global cement klin market expected to touch by 2027?
The global cement klin market is expected to reach USD 172.8 million by the year 2027.
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What CAGR is the global cement klin market expected to exhibit by 2027?
The global cement klin market is anticipated to exhibit a CAGR of 4.6% by the year 2027.
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What are the driving factors of the cement klin market?
Growing production capacity and alternate fuel conserves are the major driving factors of the cement klin market.
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Which are the key players or most dominating companies functioning in the cement klin market?
The major cement klin market players in the industry are FLSmidth (India), Thyssenkrupp (German), Pengfei Group (China), CBMI (China), Hongxing Machinery (China), FIVES Group (Europe).
