The Refractories Industry will relinquish an approximated estimate at a frequency of 4.5% for the projection space of 2021 to 2028 with factor such as the increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and increasing demand of refractories from iron and steel industry.
The refractories market has shown an exceptional penetration globally with the increasing demand for automotive and recycling and re-usage of refractories materials. Further, the growing demand for metal and non-metal castings in the manufacturing of heavy machinaries is also acting as a viable driver for the refractories market.
According to Data Bridge Market Research, the market for refractories in Asia-Pacific region has the highest market share followed by Europe and North America. The market leader is Saint-Gobain Performance Ceramics & Refractories (PCR) (a division of Saint-Gobain) which accounts an estimated market share of approximately 10% to 12% globally. The company has gained outstanding sales through its new material developments, strategies and technological advancements in the manufacturing sector.
Trends Impacting the Refractories Market
Now the question is which other regions Saint-Gobain Performance Ceramics & Refractories (PCR) (a division of Saint-Gobain), Almatis Gmbh and ALTEO are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific refractories market and the market leaders targeting the China and India to be their next revenue pockets for 2021.
The refractories market is becoming more competitive every year with companies such as Saint-Gobain Performance Ceramics & Refractories (PCR) (a division of Saint-Gobain), Almatis Gmbh and ALTEO 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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Global refractories market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Luxemburg, Netherlands, rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, rest of South America, South Africa and rest of Middle East and Africa.
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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=global-refractories-market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed 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 inquiry.
The key research methodology used by the 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 timeline 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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Europe Refractories Market – Industry Trends and Forecast to 2028
Asia-Pacific Refractories Market – Industry Trends and Forecast to 2028
Middle East and Africa Refractories Market – Industry Trends and Forecast to 2028
Russia Refractories Market is Growing at a Significant Rate in the Forecast Period 2018-2025
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 Expected to Grow at a CAGR of 5.3% in the Forecast Period of 2020 to 2027