Global Refractories Market size was valued at US$ 31.66 Bn in 2023 and the total revenue is expected to grow at a CAGR of 4.3%, reaching nearly US$ 42.51 Bn.
Refractories Market Report Scope and Research Methodology
The analyst has primarily focused on crucial market trends and their potential impact on new business investments and advancements within the Refractories industry. These trends encompass emerging technologies, evolving regulations, government investments, novel applications, international market entries, and other industry dynamics that shape the market landscape. This study offers an in-depth trend analysis, aiding clients in making strategic decisions to enhance their presence within the Refractories market.
Maximize Market Research furnishes exclusive essential statistics, facts, insights, trends, and competitive landscape details specific to this domain. The report evaluates the present state of the Refractories market and projects its trajectory up to 2029. It also includes profiles of key companies, covering aspects like capacity, production, pricing, costs, revenue, and contact information for prominent global Refractories manufacturers. The approach employed to estimate both global and regional Refractories market sizes is a bottom-up methodology.
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Refractories Market Regional Insights
The report includes a detailed analysis of market dynamics, market size and market share in all the regions and their countries mentioned below:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Refractories Market Segmentation
by Alkalinity
Acidic & neutral
Basic
by Form
Unshaped Refractories
Shaped Refractories
The market is divided into Unshaped Refractories and Shaped Refractories based on the Form. During the projection period of 2024–2030, the unshaped Refractories segment is anticipated to rise quickly at a high CAGR. In situations where high-temperature resistance is required, unshaped refractories are gradually taking the place of conventional refractories. Monolithic linings, sometimes referred to as unshaped refractories, allow for extensive repairs with little downtime and decrease batch delays. The unshaped refractory has an acceptable gradation, high purity, and compactness. It can be made into a continuous liner and structure known as a monolithic refractory.
by Material
Graphite
Magnesite
Chromite
Silica
High Alumina
Zirconia
Other
by End-Use Industry
Iron & Steel
Power Generation
Non-Ferrous metals
Cement
Glass
Others
The market is divided into iron and steel, power generation, non-ferrous metals, cement, glass, and others based on the End-Use Industry. By 2030, the iron and steel industry is predicted to account for 65% of the global refractories market. The most common uses of refractories in the iron and steel industry are internal linings of furnaces for iron and steel, furnaces for heating steel before further processing, vessels for holding and transporting metal and slag, flues or stacks through which hot gases are conducted, and other applications.Market for Refractories
The World Steel Association projects that by 2030, there would be 1.81 million metric tonnes of steel consumed worldwide, a 1.7% rise from 1.76 million metric tonnes in 2023. This represents the demand prognosis for steel on the worldwide market, which is crucial for increasing steel output. These are the main factors that are anticipated to accelerate this segment's growth during the projection period.
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Refractories Market Key Players include:
1. RHI Magnesita
2. Saint-Gobain S.A
4. Shinagawa Refractories Co. Ltd
5. Krosaki Harima Corporation
6. Corning Incorporated
7. Vesuvius PLC
8. Harbisonwalker International (HWI) Inc.
9. Coorstek Incorporated
10. Morgan Advanced Materials PLC
12. Imerys SA
13. Puyang Refractories Group Co., Ltd.
14. Chosun Refractories Co., Ltd.
15. IFGL Refractories Ltd.
16. Resco Products, Inc.
Table of content for the Refractories Market includes:
Part 01: Executive Summary
Part 02: Scope of the Refractories Market Report
Part 03: Global Refractories Market Landscape
Part 04: Global Refractories Market Sizing
Part 05: Global Refractories Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key Questions answered in the Refractories Market Report are:
- What is Refractories Market?
- What was the global Refractories market size in 2022?
- What is the expected CAGR of the Refractories market during the forecast period?
- What is the expected Refractories market size by 2029?
- What factors are affecting the Refractories market growth?
- Which region held the largest share of the global Refractories market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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