Asia-Pacific Refractories Market is Expected to Grow at a CAGR of 5.3% in the Forecast Period of 2020 to 2027

Asia-Pacific Refractories Market is forecasted to grow at a CAGR of 5.3% with factors such as increasing consumption of refractories in the glass industry.

Refractories market has shown an exceptional penetration in countries such as China, Japan and India. Growing usage of refractories is increasing the penetration in developed countries. In developing countries, increasing shift from consumption of bricks to monolithic is creating opportunity for the Asia-Pacific refractories market.

Refractories Market Scenario

According to Data Bridge Market Research the market for refractories in China region has the highest market share followed by India and Japan Market leader are Saint-Gobain, Corning Incorporated and CoorsTek Inc. which accounts an estimated market share of approximately 35% to 38% in the Asia-Pacific. The company has gained outstanding sale through their wide range of refractories that have wide range of application in chemical and energy sector. In February 2020, Saint-Gobain has introduced new social protection program for employees of the organization worldwide. The programme helps in maximising the employees’ motivation as well as maximizes the goodwill of the business.

  • In May 2018, Corning Incorporated was honoured with the Data Center Solutions Award (DCS) in London. The award helps in increasing the goodwill of the business as well as generates revenue of the business.

Asia-Pacific Refractories MarketTrends Impacting the Market

Now the question is which other regions Saint-Gobain, Corning Incorporated and CoorsTek Inc. are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific refractories market and the market leaders targeting China and India to be their next revenue pockets for 2020.

The refractories market is becoming more competitive every year with companies such as Saint-Gobain, Corning Incorporated and CoorsTek Inc. as they are the market leaders for refractories. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the refractories market.

For more analysis on the refractories market request for a briefing with our analysts

Refractories Market Development

  • In January 2020, Saint-Gobain had acquired SONEX, an innovative supplier of high performance solutions in acoustic ceilings which is in Brazil. The certification helps in increasing sales which increase the customer base of the company and generates revenue of the business.

Scope of the Refractories Market

Asia-Pacific refractories market is segmented on the basis of countries into the Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong Kong, Taiwan, Indonesia, Malaysia, Philippines and Rest of Asia-Pacific.

  • All country based analysis of refractories market is further analyzed based on further segmentation. On the basis of Product type, the market is segmented into Non-Clay and Clay, on the basis of Alkalinity, the market is segmented into Acidic & Neutral Refractories and Carbon, on the basis of Form Type, the market is segmented into  Bricks and Monolithic, on the basis of Fusion Temperature, the market is segmented into Normal Refractory (1580-1780 0C), High Refractory (1780-2000 0C) and Super Refractory (>2000 0C), On the basis of Application, the market is segmented into Iron and Steel, Cement and Lime, Non-Ferrous Metal, Glass, Energy and Chemicals and Others.

To know more about the study

Key Pointers Covered in Refractories Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness
  • Value Chain Analysis

Key Market Competitors Covered in the Report

  • Saint-Gobain
  • Corning Incorporated
  • CoorsTek Inc.
  • North Refractories Co. Ltd
  • HarbisonWalker International
  • Yingkou Ruizhi Refractories Co., Ltd
  • Changxing Refractory Inc.
  • Refratechnik.
  • Krosaki Harima Corporation
  • IFGL Refractories Ltd.
  • Minerals Technologies Inc.
  • Morgan Advanced Materials
  • RHI Magnesita GmbH
  • Vesuvius

Above are the key players covered in the report, to know about more and exhaustive list of refractories companies, contact us

Research Methodology: Asia-Pacific Refractories Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Iron and Steel Industry, Glass Industry, Energy and Chemicals Industry
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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