Refractories Market

Those materials that have a high resistance to pressure and decomposition due to heat are called refractories. They are materials that are used in the field of materials science. Various types of refractories are used for various purposes. For instance, the iron and steel industry requires refractories for their various industrial processes. Moreover, the power generation industry and the aluminum industry also require refractories. Besides these industries, the refractory industry is also used for construction purposes. Refractories are used to protect metal and other materials from chemical attack and thermal shock. The most common materials used in the production of refractories are alumina and oxides of aluminum. Other examples include zirconia, magnesium oxide, and chrome-magnesia. Refractories are also used as processing aids in various industries.

Market Dynamics:

Increasing demand for steel, cement and glass is driving the growth of the global refractories market. Besides, the growing need for improving health and environment is driving the demand for high performance refractories. The market has witnessed high growth in the other end-use industries as well, which has balanced the overall consumption of the market.

However, the market has been affected by the outbreak of COVID-19. This outbreak was a major cause for the temporary suspension of production in the refractory industry. Moreover, increasing environmental concerns restricting use of refractories is also expected to hamper the market growth.

Key features of the study:

• This report provides in-depth analysis of the global refractories market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global refractories market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Puyang Refractories Group Co. Ltd., Chosun Refractories, INTOCAST AG, Harbisonwalker International, Saint-Gobain, IFGL Refractories Ltd., Vesuvius, Imerys, Shinagawa Refractories Co. Ltd., Krosaki Harima Corporation, RHI Magnesita GmbH, Magnezit Group, Resco Products, Minerals Technologies Inc., Refratechnik, and Morgan Advanced Materials.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global refractories market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global refractories market

Detailed Segmentation:

• Global Refractories Market, By Product Type
  • Non-clay Refractory
  • Clay Refractory
• Global Refractories Market, By End-User Industry
  • Iron and Steel
  • Energy and Chemicals
  • Nonferrous Metals
  • Cement
  • Ceramics
  • Glass
  • Other End-user Industries
• Global Refractories Market, By Geography
  • Asia-Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa
• Company Profiles
  • Chosun Refractories
  • Harbisonwalker International
  • IFGL Refractories Ltd
  • Imerys
  • Krosaki Harima Corporation
  • Magnezit Group
  • Minerals Technologies Inc.
  • Morgan Advanced Materials
  • Refratechnik
  • Resco Products
  • RHI Magnesita GmbH
  • Shinagawa Refractories Co. Ltd
  • Vesuvius
  • Saint-Gobain
  • INTOCAST AG
  • Puyang Refractories Group Co. Ltd