Cement equipment market to decline by 2027 on the back of limited capacity additions

• The cement equipment market size is expected to decrease by 6 percent each year between 2022 and 2027
• Spares and upgrades segments are likely to dominate the equipment market by 2027
• Functional equipment is expected to be the main driver over the 5-year forecast period

Greenwich (CT), USA,?April 6, 2022?– The cement equipment market is expected to decline by an average of 6 percent each year between 2022 and 2027, according to CW Research's?World Cement Equipment Market and Forecast Report 2022. Buy the report?here.

Fewer greenfield and brownfield capacity additions are likely to contribute to this negative trend. Western equipment suppliers are seeing less frequent turnkey projects as a result of cost-efficient competition from Chinese suppliers.

"The upgrades and spares market is being driven by Chinese government regulations aimed at increasing efficiency and meeting stricter environmental standards. This market is also growing in North America, Western Europe, and Latin America on the back of limited capacity expansions in these regions", observes Wanderson Teixeira, Business Analyst at CW Group.

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The?World Cement Equipment Market and Forecast Report 2022?addresses important market dynamics and the outlook for equipment used in the production of clinker and cement as well as grinding units. Building on rigorous analysis of past and future cement plant capacity expansions (greenfield and brownfield expansions), the report covers key trends in the main production equipment segments, the cement equipment market size (USD) and capacity additions (tons), on both a regional as well as global perspective. It covers equipment required in crushing (crushers), milling (raw meal mills, fuel mills, finishing mills), power (electricity generation and waste heat recovery), pyro processing (burners, pre-heaters / cyclones, kilns, coolers, alternative fuel preparation), and dispatch (weighing, bulk loading, bagging and palletizing equipment), which are sized and forecasted.