- Refractories are essential materials used in high-temperature industrial processes to line furnaces, kilns, incinerators, and reactors, providing thermal insulation and resistance to chemical attack, particularly in industries like steel, cement, glass, and petrochemicals
- The demand for refractories in Asia-Pacific is primarily driven by the region’s rapid industrialization, expanding steel production, and large-scale infrastructure and energy projects across countries like China, India, Japan, and South Korea
- China leads the Asia-Pacific refractories market, accounting for approximately 65% of the regional market share, due to its vast steel manufacturing capacity, modernization efforts, and increased adoption of advanced refractory solutions to enhance energy efficiency and reduce emissions
- India is emerging as a fast-growing market, holding around 20% of the regional market share, supported by government initiatives to boost manufacturing, infrastructure development, and rising investments in resource extraction and petrochemical industries
- The iron and steel manufacturing segment is expected to dominate the North America refractories market with the largest share of approximately 50% in 2025, driven by the industry's reliance on high-performance refractory materials to withstand extreme temperatures during smelting, casting, and heat treatment processes
