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.
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.
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.
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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.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of refractories companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=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.
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