Milling equipment market to reach US$1.3 billion by 2022
Published by Robyn Wainwright,
According to CW Research’s recently published World Cement Equipment Market and Forecast Report, the global market of milling equipment, including upgrades, will reach US$1.3 billion by 2022, accounting for 14% of the global cement equipment market size in the same year.
This expansion is encouraged by the rising number of grinding facilities comparative to the slow number of installations of integrated plants in the next five years.
“Milling is one of the few areas of cement process equipment where innovation continues to be ripe” observed Robert Madeira, CW Group Managing Director and Head of Research. “It may seem that the vertical roller mills were the last game-changing innovation, but we are seeing equipment manufacturers going beyond business as usual and paying more attention to niche segments whose needs for mobility, ease of usage and super fineness were poorly catered for in the past.”
Read the article online at: https://www.worldcement.com/special-reports/29012018/milling-equipment-market-to-reach-us13-billion-by-2022/
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