03-Aug-2022 | Zion Market Research
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 around 2.70 percent during the forecast period. The report analyzes the rotary kiln market’s drivers, restraints/challenges, and the effect they have 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 global 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 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 will dominate the market due to the increasing commercial and residential activities all over the world increasing the demand for cement.
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. 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.
Key market players in the global rotary kiln market include Danaher Corporation, Feeco, LNVT, CITIC HIC, Pengfei Group, Hongxing Machinery, CHMP, Tongli Heavy Machinery, NHI, and Shanghai Minggong.
Browse the full “Global Rotary Kiln Market By Type (Cement Kiln, Lime Kiln, and Metallurgy Kiln), By Application (Cement, Metallurgy, Chemical, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/global-rotary-kiln-market
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