Refractories Market Expected to Reach US$ 31.88 Bn by 2029, Growing at 3.6% CAGR


Refractories Market new Developments and Market Insights

Refractories Market Overview:

The Refractories Market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Refractories Market as well as the factors influencing regional variations in the expansion of the sector.

Refractories used in metallurgical operations must be strong enough to support a range of loads. Because of this, refractory materials need to be extremely strong mechanically, even at operating temperatures, in order to bear the heaviest loads without cracking. Refractory materials are used in reactors, kilns, incinerators, and furnaces. Refractories are used to create crucibles and moulds for casting glass and metal, as well as surfacing flame deflector systems for rocket launch structures. Some examples of typical refractory materials are fireclay, high alumina, silica brick, magnesisite, insulating materials, and monolithic refractories.

Refractories Market size was valued at US$ 24.89 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.6%, reaching nearly US$ 31.88 Bn.

After Market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the

market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.

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Refractories Market Segmentation:

Global Refractories Market, by Alkalinity (2022-2029)

• Acidic & neutral
• Basic

Global Refractories Market, by Form (2022-2029)

• Unshaped Refractories
• Shaped Refractories

The market is divided into Unshaped and Shaped Refractories based on the Form. The unshaped Refractories market is anticipated to expand quickly between 2023 and 2029 at a CAGR. In applications that require high-temperature resistance, unshaped refractories are progressively taking the place of conventional refractories. Monolithic linings, commonly referred to as unshaped refractories, minimise downtime and cut down on batch delays. The unshaped refractory has a good gradation, excellent purity, and compactness. A monolithic refractory, which is a continuous lining and structure, can be made from it.

Global Refractories Market, by End-Use Industry (2022-2029)

• Iron & Steel
• Power Generation
• Non-Ferrous metals
• Cement
• Glass
• Others

The market is divided into Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass, and Others based on the end-use industry. By 2029, the iron & steel segment is anticipated to have a 65% market share. Refractories are frequently used in the iron and steel industry for internal linings of furnaces, 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.

Global Refractories Market, by Material (2022-2029)

• Graphite
• Magnesite
• Chromite
• Silica
• High Alumina
• Zirconia
• Other

The World Steel Association projects that by 2029, global steel demand would have increased by 1.7% to 1.81 million metric tonnes from the 1.76 million metric tonnes it was in 2022. This represents the prognosis for demand on the worldwide market, which is crucial for increasing steel production. These are the main factors that will support this segment’s expansion in the worldwide refractories market from 2023 to 2029.

Refractories Market Key Players:

Both primary and secondary research are carried out in order to identify the market’s leaders and forecast market revenue. CEOs, marketing executives, and seasoned front-line employees are just a few of the significant thought leaders and subject matter experts that are included in the primary study’s in-depth interviews. In-depth interviews with significant thought leaders and business experts, including CEOs, marketing executives, and seasoned front-line personnel, were done as part of the primary study. Reviewing the annual and financial reports of the major manufacturers was done as part of the secondary study. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The Refractories Market is dominated by the following businesses:

1. Magnesita Refratarios S.A.
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
11. Lhoist
12. Imerys SA
13. Puyang Refractories Group Co., Ltd.
14. Chosun Refractories Co., Ltd.
15. IFGL Refractories Ltd.
16. Resco Products, Inc.

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Regional Analysis:

The regional market research analysis for Refractories also covers particular market driving forces and changes in market laws affecting current and future market trends. In order to assess the potential market as a whole and identify profitable patterns to build a stronger foundation, current and upcoming trends are researched. The current environment and predicted trends form the foundation of the geographic market’s appraisal.

COVID-19 Impact Analysis on Refractories Market:

The research on the expansion of the programming language market offers a thorough regional analysis. It has a worldwide impact when it analyses the biggest regional differences, such as those between North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. To keep ahead of the competition, Refractories Market research gains a better perspective and understanding of the Market and target audience.

Table Of Content :

1. Global Refractories Market: Research Methodology

2. Global Refractories Market: Executive Summary

2.1 Market Overview and Definitions
2.1.1. Introduction to Global Refractories Market
2.2. Summary
2.1.1. Key Findings
2.1.2. Recommendations for Investors
2.1.3. Recommendations for Market Leaders
2.1.4. Recommendations for New Market Entry

3. Global Refractories Market: Competitive Analysis

3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• Latin America
3.12 COVID-19 Impact

4. Global Refractories Market Segmentation

4.1 Global Refractories Market, by Alkalinity (2022-2029)
• Acidic & neutral
• Basic
4.2 Global Refractories Market, by Form (2022-2029)
• Unshaped Refractories
• Shaped Refractories
4.3 Global Refractories Market, by End-Use Industry (2022-2029)
• Iron & Steel
• Power Generation
• Non-Ferrous metals
• Cement
• Glass
• Others
4.4 Global Refractories Market, by Material (2022-2029)
• Graphite
• Magnesite
• Chromite
• Silica
• High Alumina
• Zirconia
• Other

The Programming Language Market Report provides key answers to the following issues:

  • How competitive is the Market environment?
  • What are the primary factors influencing the Refractories Market’s expansion?
  • Which region dominates the Refractories market in terms of Market share?
  • What is the projected CAGR for the market from 2022 to 2029?

Key Offerings:

  • Historical Market Size and Competitive Environment (2018–2021)
  • Price curves in the past and by region (2018 to 2021)
  • Market Size, Share, Size & Forecast for Each Segment | 2022–2029.
  • Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation: Detailed Analysis by Segment with Sub-Segments and Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape: Strategic player profiles for a few prominent players by area
  • 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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