Global Refractories Market, By Form (Bricks & Shapes, Monolithic), Composition (Clay-Based, Nonclay-Based), Type (Acidic, Basic, Neutral), Manufacturing Process (Dry Press Process, Fused Cast, Hand Molded, Formed, Unformed), End-User (Iron & Steel, Non-Metallic Materials, Non-Ferrous Metals), Fusion Temperature (Normal Refractory, High Refractory, Super Refractory), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027.
Market Analysis and Insights: Global Refractories Market
Refractories market is estimated to grow at the growth rate of 4.13% for the forecast period of 2020 to 2027. Demand for electrical, automotive, aerospace, glass, cement industries will drive the growth of the market.
Refractories are heat resistant than other metals, they are used for lining hot surfaces and found inside many industrial processes. They are available in different shapes and sizes, are pressed, molded or produced in interlocking shapes and wedges and are used in floors and walls.
Large scale renewable energy projects with rapid industrialization are the growth factors for the market. Large scale renewable energy will remain significant qualities of durable, corrosion-resistant coated steel and drive the growth of the market. Unshaped refractories segment is the fastest growing segment, as unshaped refractories are replacing convectional refractories in many applications that need high-temperature resistance over convectional refractories. Smart factories and automation, 3D printing, robotics and contour crafting, driverless and electric vehicles will create growth opportunities for refractories market in the forecast period of 2020-2027.
Restrictions on the use of refractories due to increasing environmental concerns and China’s monopoly over raw material supply will act as a restrain, and further challenge the growth of the refractories market in the forecast period mentioned above.
The refractories market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market contact us refractories market for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Refractories Market Scope and Market Size
Refractories market is segmented on the basis of form, composition, type, manufacturing process, end-user and fusion temperature. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of form, the refractories market is segmented into bricks & shapes and monolithic.
- On the basis of composition, the refractories market is segmented into clay-based and nonclay-based.
- On the basis of type, the refractories market is segmented into basic, acidic and neutral.
- On the basis of manufacturing process, the refractories market is segmented into dry press process, fused cast, hand molded, formed and unformed.
- On the basis of end-user, the refractories market is segmented into iron & steel, non-metallic materials and non-ferrous metals.
- Based on fusion temperature, the refractories market is segmented into normal refractory, high refractory and super refractory.
Global Refractories Market Country Level Analysis
Refractories market is analysed and market size, volume information is provided by country, form, composition, type, manufacturing process, end-user and fusion temperature as referenced above.
The countries covered in the refractories market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Asia-Pacific is dominating the refractories market due to the largest refractories in the region, growing population, improving economic conditions, urbanization and industrialization along with high consumer purchasing power has resulted in the demand for refractories in the processing industries.
The country section of the refractories market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Refractories Market Share Analysis
Refractories market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related refractories market.
The major players covered in the refractories market report are RHI Magnesita GmbH, Saint-Gobain S.A, Shinagawa Refractories Co. Ltd, Shinagawa Refractories Co., Ltd., COORSTEK, INC., Refratechnic, HarbisonWalker International., Imerys, Krosaki Harima Corporation., Vesuvias, IFGL Refractories Ltd., Morgan advanced Materials, Resco Products, Refratechnik, Minerals Technologies Inc, Magnezit Group, Cerco Corporation, AluChem, Allied Minerals Products, LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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