Calciner Market Size and Future Projections 2030
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As of 2023, the calciner market was valued at USD 100.01 billion and is forecasted to grow to USD 194.88 billion by 2030, registering a CAGR of 10% during the forecast period 2024-2030. The growth is majorly attributed to rising industrial activities and infrastructure projects worldwide, particularly in fast-growing economies. The metallurgical industry drives demand for calciners, as calcination is pivotal in extracting metals. The chemical sector also significantly contributes, with calciners being essential in producing materials like lime, soda ash, and titanium dioxide, which are indispensable for various industrial applications.
The calciner market is evolving rapidly, driven by increasing industrial applications, technological advancements, and growing demand for energy-efficient solutions. The calciner, an essential component in various industries such as cement, petrochemicals, and metallurgy, plays a pivotal role in processing materials at high temperatures to remove volatile substances or prepare them for further chemical reactions.