The global refractories market is expected to reach USD 31.77 Billion by 2028, according to a new report by Reports and Data. Increasing demand for the product from the iron & steel industry is estimated to stimulate market demand in the forecast period. These are the key materials used by the steel industry in the internal linings of furnaces for the production of iron and steel, in vessels for holding and carrying metal and slag, in furnaces for heating steel prior to further processing, and in the stacks through which hot gases are conducted. Refractories are also essential for the safe operation of the processes.
Increasing demand for refractories in cement production is anticipated to fuel product demand in the upcoming years. Refractories play an instrumental role in both the lining of the high volume static equipment areas, which includes a modern pre-calciner kiln system and the rotary kiln lining. The robustness of the rotary kiln brick lining usually determines the operating duration of a kiln.
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Key participants include Imerys, Vesuvius, Krosaki Harima Corporation, RHI Magnesita GmbH, Saint-Gobain, Corning Incorporated, Shinagawa Refractories, Coorstek Incorporated, Chosun Refractories, and Calderys Refractories Limited, among others.
Major Points Covered in the Global Refractories Market Report:
- Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Refractories market based on product type, technology landscape, and application range.
- Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.
- Regional Analysis: In this section, the latest report highlights the extensive global presence of the Refractories market. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
- Competitive Landscape: This section of the report highlights the key players in the global Refractories market. It further emphasizes the leading products and services offered by these companies.
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalogue, production value and capacity, and other vital information.
Further key findings from the report suggest
- By form, bricks & shapes contributed to a larger market share in 2018 and are expected to grow at a rate of 2.8% in the forecast period. Bricks and shapes allow optimization of physical properties of the material, and this results in homogeneous lining, uniform in nature, and extremely reliable. A cost-intensive and time-consuming aspect of refractory repair is the initial bake-out, where the application of precast refractory shapes aid to reduce or eliminate the necessity for an extensive bake-out.
- By chemical composition, neutral type dominated the market in 2018 and is expected to grow at a rate of 2.9% in the forecast period. Neutral refractories are chemically stable to both acid and base attacks and find applications in areas where slag and atmosphere are either acidic or basic.
- The Asia Pacific region dominated the market in 2018 and is projected to grow at the fastest rate of 3.7% in the forecast period. The dominance of the Asia Pacific region is owing to the rapid urbanization and industrialization in the developing countries that resulted in an increase in residential and commercial construction activities, which has increased the demand for steel and cement and in turn the product demand.
- In February 2018, Imerys, a leading player in the market, reorganized its Kerneos and Imerys Refractory Minerals businesses into Imerys Aluminates. Imerys Aluminates is anticipated to generate an annual turnover of around USD 794.0 Million.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/global-refractories-market-research-report-2017
For the purpose of this report, Reports and Data have segmented the global refractories market on the basis of chemical composition, form, industry vertical, and region:
Chemical Composition Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Basic
- Acidic
- Neutral
Form Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Bricks & Shapes
- Monolithics & Others
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Metallurgy
- Energy & Chemicals
- Glass & Ceramic
- Cement
- Others
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Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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