Cement mixer: Key market research findings
- Use of alternative fuel for cement production
- Increased use of blended cement
- Leading vendors include Caterpillar, Liebherr, Sany Heavy Industries, and Sinotruk
Technavio has released a new report on the global cement mixer market, which is anticipated to grow at a CAGR of around 11% between 2016 and 2020. The cement mixed in a cement mixer is more efficient and has superior quality than manual mixing as the accurate ratio of cement and water is easily maintained. The improved time and cost efficiency of these mixers are encouraging construction companies worldwide to use them across all construction projects. It also lowers the additional labor costs and decreases the wastage of cement. With the global construction sector witnessing rapid growth, the demand for these mixers is anticipated to increase during the forecast period. China is the largest consumer of cement across the globe owing to its giant infrastructure construction sector. The major shift from rural to urban development in the construction industry in China will result in the increased usage of cement mixers in the coming years.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The implementation of pet coke as an alternative fuel has increased across the globe. It is a solid, carbonaceous residue that is produced either through thermal decomposition of heavy petroleum fractions or cracked stocks. This fuel has a high calorific value and sulfate content. Owing to its less volatile nature, it is grounded completely before feeding it to the kiln to make appropriate use of its high calorific value. The major advantage of pet coke is that it is a by-product of oil refining and is a cheaper fuel than coal,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
The prices of conventional building materials are increasingly rapidly and have led to the development of alternative materials of construction. Manufacturers are focusing on technological advancements to avail such materials in structural applications, which were earlier considered to be waste products. Blended cement is manufactured by the addition of pozzolanic materials such as silica fume, fly ash, and slag to cement clinker and gypsum. The use of blended cement improves the overall quality of the concrete structure, which in turn, makes the structure resistant to high-temperature and corrosion
Increased government spending on infrastructure development accounts for the growth of the cement mixer market. In addition to making investments in designing, planning, branding, and expanding existing facilities, major cement mixer manufacturers have also started acquiring new players in the market. The market is highly competitive, and vendors are constantly trying to innovate and develop new varieties of cement mixers to cater to the changing needs of the customers.
A more detailed analysis is available in the Technavio report, Global Cement Mixer Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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