Rotary Kiln Market to grow at a CAGR of 2.99% during 2024-2028
The Rotary Kiln Market is expected to grow at a CAGR of 2.99% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 142.48 million. In the cement industry, the utilization of alternative fuels in rotary kilns has emerged as a significant trend. These alternative fuels, including waste oil, solvents, non-recyclable plastics, pre-treated industrial and municipal wastes, textiles, paper residues, biomass such as animal meal, wood chips, waste wood, rice husk, sawdust, and sewage sludge, and unrecyclable tires from abandoned dumps, are increasingly being adopted as low-carbon replacements for coal. The exchange of waste for cement kilns allows for the substitution of a proportional quantity of coal based on calorific value. This practice not only reduces carbon dioxide emissions during cement production but also contributes to the sustainable management of waste. Construction and demolition wastes, such as demolition wood, used carpets, and old asphalt shingles, are also commonly utilized as alternative fuels.
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Technavio analysts predict that the Cement subsegment will lead the Application segment during 2024 and 2028 In the global rotary kiln market, cement represents the largest application segment in 2023. The expansion of the cement industry worldwide is the primary growth driver for this market. Rotary kilns are extensively utilized in cement manufacturing due to the industry's significant growth. The surge in construction projects globally, infrastructural development, and urbanization have fueled the demand for cement. Notably, emerging economies like India and China are undergoing substantial construction booms, leading to increased cement production and the adoption of advanced rotary kiln technologies.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish expansion and installation of new cement plants
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The Rotary Kiln market encompasses the production and supply of rotary kilns used for various thermal processes, including drying and heating of materials. Rotary kilns are cylindrical tanks with a slowly rotating axis, equipped with rollers and a drive train, girth gear, and support station. Indirect-fired rotary kilns use fuel to heat air, which is then circulated around the material inside the kiln for thermal destruction. Direct-fired rotary kilns, on the other hand, burn fuel directly with the material. These kilns play a crucial role in industries such as hazardous waste treatment, where thermal destruction is necessary for safe disposal. In the construction sector, rotary kilns are used in the production of lime and cement, with cement kilns being a significant contributor to the market. Waste-to-energy solutions also utilize rotary kilns for converting waste into energy. Air jet technology is increasingly being integrated into rotary kilns to improve efficiency and reduce emissions. Overall, the Rotary Kiln market is expected to grow due to the increasing demand for thermal processes in various industries.
The Rotary Kiln Market is a significant segment of the expansive Global Industrial Machinery Market, according to Technavio's market research. This market encompasses organizations involved in the production of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Technavio determines the size of the Global Industrial Machinery Market by aggregating the revenues of machinery and component manufacturers catering to industrial applications. Key growth drivers for this market include the increasing industrial output in process and discrete industries, fueled by the burgeoning demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages, primarily in developing countries.
The Rotary Kiln Market is experiencing significant growth, fueled by the expansion and installation of new cement plants. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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