- Refractories are made of ceramic, alumina, silica, magnesia, and other materials designed to resist the very high temperatures faced in modern manufacturing. More heat-resistant than metals, they are used to line the hot surfaces inside many industrial processes
- The refractory products generally fall under preformed shapes or unformed compositions. refractories are used to contain heat and protect processing equipment from intense temperatures
- The variety of materials such as silica, alumina, and clay among others are utilized for the manufacturing of refractories and these refractories found extensive applications in several industries such as foundries, iron, and steel, glass, among others where they are exposed to extreme chemical and temperature conditions
- Asia-Pacific is expected to dominate the refractories market with 73.5% due to advanced and robust industrial base and extensive manufacturing capabilities
- North America is expected to be the fastest growing region in the refractories market during the forecast period due to manufacturing technologies and a focus on sustainable practices are driving the growth of the refractories market
- Iron and steel segment is expected to dominate the market with a market share of due to its high-quality refractories in the steel manufacturing process, including blast furnaces, converters, and electric arc furnaces, makes this the dominant application segment
Frequently Asked Questions
China is expected to dominate the global refractories market, particularly in the Asia-Pacific region. This dominance is attributed to its robust industrial base and extensive manufacturing capabilities.
Asia-Pacific is expected to dominate the global refractories market due to. benefits from cost-effective production, a skilled labour force, and abundant raw materials, enhancing its attractiveness as a hub for refractory manufacturing.
U.S. is expected to witness the highest CAGR in the refractories market. This growth is driven by Increased investments in infrastructure projects.
