The global refractories market is experiencing steady growth, propelled by the increasing demand for these heat-resistant materials across various industries, notably iron and steel manufacturing. Refractories play a crucial role in high-temperature processes, lining furnaces, kilns, and reactors to ensure efficiency and safety. The Asia-Pacific region, particularly countries like China and India, significantly influences the market due to their robust industrial activities and substantial production capacities. However, challenges such as the reliance on specific raw materials, including magnesite primarily sourced from China, have raised concerns about supply stability. This has led to calls for strategic designations and investments in local production to mitigate risks. Overall, the refractories market is poised for continued expansion, driven by industrial growth and the ongoing need for materials capable of withstanding extreme temperatures.
Global Refractories Market is valued at USD 37.67 billion in 2023 and is expected to reach USD 54.84 billion by 2031, with a growing CAGR of 4.9% during the forecast period 2023 to 2030.
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Below are the Top Refractories Companies with a Significant Market Share:
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Rank |
Company |
Overview |
Product Portfolio |
Sales Geographical Coverage |
Developments |
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1. |
Saint-Gobain Performance Ceramics & Refractories (PCR) |
Saint-Gobain is one of the world’s leading manufacturers of materials and solutions for the construction, automotive, and industrial sectors. Its division Performance Ceramics & Refractories (PCR) specializes in the production of high-performance refractories used in industries such as steel, glass, cement, and energy. PCR’s products are designed to withstand extreme temperatures and harsh conditions, providing essential solutions for high-heat processes in industrial applications. Saint-Gobain’s refractories are known for their superior thermal resistance, mechanical strength, and durability. The company’s commitment to sustainability and innovation has reinforced its position as a market leader in the global refractories market. |
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe |
In April 2018, Saint-Gobain Performance Ceramics & Refractories (PCR) (a division of Saint-Gobain) acquired the pharmaceutical business of Micro Hydraulics, an Irish based supplier and manufacturer of single-use fluid handling components and systems in high-performance plastics for high purity applications in the pharmaceutical and biopharmaceutical industries. This acquisition has strengthened Saint-Gobain’s High-Performance Materials operations which further allowed the Group to expand its service to customers in the Healthcare market. |
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2. |
Almatis Gmbh |
Almatis is a global leader in the production of high-quality alumina-based refractories and advanced materials. The company provides specialized products for industries such as metals, cement, glass, and chemical processing. Almatis’ refractories are renowned for their high-performance qualities, especially in terms of thermal stability, abrasion resistance, and chemical inertness. The company offers a wide range of products, including sintered, calcined, and reactive alumina, which are used in furnaces, kilns, and other high-temperature applications. Almatis also focuses on developing sustainable solutions, utilizing energy-efficient production methods and reducing the environmental impact of its products. |
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Americas, Asia-Pacific, and Europe |
In August 2017, Almatis GmbH, announced that they are expanding the production in their Falta, India specialty alumina plant with an installation of a tabular alumina converter. The company expects to improve its production capacity and speed which in turns boosts its sales with this production expansion. |
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3. |
VENUS Safety & Health Pvt. Ltd |
VENUS Safety & Health Pvt. Ltd. is an Indian company that specializes in manufacturing industrial safety equipment and high-performance refractories for various industrial applications. Its refractories are used in the cement, steel, glass, and chemical industries, among others. VENUS Safety & Health focuses on producing high-quality products designed to withstand extreme temperatures, ensuring the safe and efficient operation of industrial processes. The company also manufactures thermal insulation, fire protection, and heat-resistant materials, contributing to the safe and cost-effective operation of its clients’ facilities. VENUS Safety & Health is recognized for its commitment to quality, customer satisfaction, and industry safety standards. |
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Asia-Pacific, Europe, and U.S. |
In June 2019, Alteo completed the implementation of a laboratory dedicated to the refractory market in China. Located in Qingdao, Shandong. The new laboratory is equipped with state-of- the-art equipment which is capable of carrying in depth analysis. The company expects to improve its research and development with the implementation of this new facility. |
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4. |
ALTEO |
ALTEO is a leading supplier of specialty alumina products that are widely used in refractories, ceramics, and catalysis applications. The company’s refractories are designed for high-heat applications in industries such as steel, glass, and cement. ALTEO produces a wide range of alumina-based materials, including high-purity alumina, which is essential for high-performance refractory applications. The company is known for its ability to offer customized solutions and its focus on sustainability and environmental responsibility. ALTEO’s products help improve the durability and efficiency of high-temperature equipment and are vital in the production of goods requiring extreme thermal resistance. |
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North America, Asia-Pacific, and Europe |
In 2014, December, Coorstek , a global ceramic manufacturer and Covalent (Japan), a Japanese ceramic manufacturer came together for a strategic acquisition. The main focus was to expand the portfolio of product and services and expand its business segments into Japan and other Asian key markets. |
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5. |
Coorstek |
CoorsTek is a global leader in advanced ceramics and refractory materials, supplying high-performance components for industries such as electronics, aerospace, automotive, and industrial applications. The company’s refractories are engineered to withstand high temperatures and severe operating conditions. CoorsTek’s product offerings include advanced ceramic refractories, insulation materials, and customized solutions designed to optimize the performance and lifespan of industrial equipment. With a strong focus on innovation and material science, CoorsTek continues to lead the refractories market with its durable and efficient products. The company also emphasizes sustainable practices and is committed to reducing the environmental impact of its manufacturing processes. |
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe |
In December 2018, Imerys has started providing sustainable bentonite, especially for the foundry industry, due to increasing prevalence among consumers. This update helps the company to the goodwill of the company in the market. |
Conclusion
The global refractories market is expected to continue its growth trajectory, driven by the increasing demand for heat-resistant materials across industries such as steel production and manufacturing. While the market benefits from robust industrial activities, especially in the Asia-Pacific region, challenges related to the supply of key raw materials may pose risks to market stability. To address these concerns, there is a growing emphasis on local production and strategic sourcing to mitigate potential disruptions. As industrial growth continues and the need for durable materials persists, the refractories market is likely to expand, with ongoing innovation and investment in production processes playing a pivotal role in its future development.
