Global Refractories Market is Expected to grow at 4.5% in the Forecast Period of 2021 to 2028

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.

Refractories Market Scenario

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.

  • 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.

Refractories Market 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 Development

  • In January 2021, Allied Mineral Products, Inc. launched a new line of refractory products named Quick-Fire. Quick-fire is a two-component system that utilizes liquid phosphate bonding system. The company expects to improve its product portfolio as well as sales with the launch of the new product line.

Scope of the Global Refractories Market

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.

  • All country based analysis of the global refractories market is further analyzed based on maximum granularity into further segmentation. On the basis of alkalinity, the refractories market is segmented into acidic & neutral refractories and carbon. On the basis of form type, the refractories market is segmented into bricks, monolithic and others. On the basis of on product type, the refractories market is segmented into clay and non-clay. On the basis of fusion temperature, the refractories market is segmented into normal refractory (1580-1780°C), high refractory (1780-2000°C) and super refractory (>2000°C). On the basis of application, the refractories market is segmented into iron and steel, cement and lime, energy and chemicals, glass, non-ferrous metal and others. On the basis of technology, the refractories market is segmented into segmented into isostatics and slide gates.

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Key Pointers Covered in Refractories Market Industry Trends and Forecast to 2028

  • 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
  • Market Key Vendors and Disruptors Study
  • Market Supply Chain Competitiveness

Key Market Competitors Covered in the Report

  • Saint-Gobain Performance Ceramics & Refractories (PCR) (a division of Saint-Gobain)
  • TYK CORPORATION
  • Wuxi Nanfang Refractories Co.,Ltd.
  • Coorstek
  • Refratechnic
  • HARBISONWALKER INTERNATIONAL
  • AluChem
  • ALTEO
  • CerCo Corporation
  • Almatis Gmbh
  • Allied Mineral Products, Inc.
  • Magnezit Group
  • Minerals Technologies Inc.
  • Puyang Refractories Group Co.,Ltd
  • Morgan Advanced Materials
  • IFGL Refractories Ltd.
  • Krosaki Harima Corporation
  • SHINAGAWA REFRACTORIES CO.,LTD.
  • RHI Magnesita GmbH
  • Lhoist
  • Vesuvius
  • Imerys

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

Research Methodology: 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.

Primary Respondents

  • Demand Side: Consumers, Product Managers, Marketing Managers and Distributors
  • Supply Side: C-Level Executives, Market Intelligence and Regulatory Affairs Managers among others.

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