Features Cement equipment market to decline by 2027 on the back of limited capacity additions 14 December, 2020 SHARE THIS ARTICLE Share Tweet Post Email LATEST Markets & Competition Titan America set for US equity market debut Expansion plans for Titan's US business May 10, 2024 Volume & Pricing Yanbu Cement to upscale green cement production Green cement output set to increase in Saudi Arabia May 10, 2024 MOST READ Markets & Competition FLSmidth Cement signs service pact with TITAN Group Expanding service agreement enhances cement industry May 02, 2024 Environment Prometheus Materials produces cement with algae Startup innovates zero-carbon May 06, 2024 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 ÔÇô 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. 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. Spares and upgrades segments to dominate the cement equipment market by 2027 In 2017, spares and upgrades accounted for around 40 percent of the cement equipment market size, which is expected to increase by an estimated 10 percent in 2022. By 2027, these two segments are anticipated to dominate the market and are projected to grow at an average of more than 1 percent over the next five years. Cement equipment CAPEX to decrease in the next 5 years Competition between Western and Chinese equipment manufacturers, in addition to fewer capacity expansions, is likely to lead to a decline in the average CAPEX from 2022 to 2027. The total equipment cost by region varies in accordance with fabrication and construction, regulations, and quality preferences, with the highest cost per ton being found in North America. Functional equipment to be the main driver of the cement equipment market Between 2022 and 2027, functional equipment (including mechanical and pneumatic conveying, storage, testing, automation and control, and others) is expected to be the main driver of the cement equipment market. This is expected to be positively impacted by increasing efficiency and quality standards in addition to stricter environmental norms. 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. Buy the report here. Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline