Refractories Market size was valued at US$ 23.20 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 3.6% through 2021 to 2027, reaching nearly US$ 29.72 Bn.
Refractories Market Overview:
The primary goal of this study is to evaluate the degree of competition in the Refractories market. The MMR Refractories Market Industry Industry Research Report examines data and global trade in addition to market developments. It looks at the key market trends, limitations, openings, success factors, concerns, problems, and impediments for zinc diethyldithiocarbamate (ZDMC). After the market has been further divided into regions, forecasts are given for the important countries in North America, Europe, and the Asia Pacific (ROW). In order to maximize market research for this in-depth industry analysis of the Refractories sector, we used secondary sources like encyclopedias, directories, and databases to collect and process the data. Locating regional suppliers or subject-matter authorities might be
Market Scope:
The Refractories market is predicted to develop at a quicker rate during the forecast period 2021-2027. Supply and demand trends, costs, pricing, shares, volumes, sales, and gross margins are among the findings of Maximize Market Research (MMR). Each manufacturer’s manufacturing unit, capacity, production, factory price, market price, and market share are evaluated using MMR data.
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Segmentation:
Based on the End-Use Industry, the market is segmented into Iron & Steel, Power Generation, Non-Ferrous metals, Cement, Glass, and Others. The iron & Steel segment is expected to hold the largest market share of 65% by 2027. Internal linings of iron and steel furnaces, furnaces for heating steel before further processing, vessels for holding and transporting metal and slag, flues or stacks through which hot gases are conducted, and other applications are among the most common uses of refractories in the iron and steel industry.
According to the World Steel Association, global steel demand reached 1.76 million metric tonnes in 2019 and is expected to rise to 1.81 million tonnes by 2021, representing a 1.7% increase. This reflects the global market’s demand outlook, which is important in boosting steel output. These are the key drivers that boost the growth of this segment in the global refractories market during the forecast period 2021-2027.
Key Players:
- Magnesita Refratarios S.A.
• Saint-Gobain S.A
• RHI AG
• Shinagawa Refractories Co. Ltd
• Krosaki Harima Corporation
• Corning Incorporated
• Vesuvius PLC
• Harbisonwalker International (HWI) Inc.
• Coorstek Incorporated
• Morgan Advanced Materials PLC
• Lhoist
• Imerys SA
• Puyang Refractories Group Co., Ltd.
• Chosun Refractories Co., Ltd.
• IFGL Refractories Ltd.
• Resco Products, Inc.
This MMR report contains comprehensive information on the Refractories market’s leading participants. Annual Corporate Revenue, Refractories Corporate Market Share, Corporate Business Strategy, Corporate SWOT Analysis, PESTEL Analysis, and Recent Corporate Development are all examples of corporate revenue.
Regional Analysis:
The MMR Refractories Market Report covers North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. MMR focuses on main market segments and sub segments, as well as key market sectors, in this Refractories market study. The MMR survey ranks innovative countries in district development based on market share, volume, and market size. Volume, area, income, the marketplace chain system, and trends are all indicators.
COVID-19 Impact Analysis on Refractories Market:
Between 2020 and 2021, the COVID-19 Rule had a significant impact on global, industry, and labour expectations. COVID-19 is a threat to society and level of living that requires quick industrial help and innovation. COVID-19 causes a slew of problems for Indian expats. Millions of migrant workers have lost their jobs as a result of embargoes, food shortages, and fear about the future.
MMR research aims to improve understanding of the current economy, COVID-19, and its impact on the commercial market in general. In most industries, sectors, and disciplines, COVID-19 is followed by MMR. Maximize Market Research can assist you in determining the impact of COVID-19 on your industry.
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Key Questions Answered in the Refractories Market Report are:
- Which product segment grabbed the largest share in the Refractories market?
- How is the competitive scenario of the Refractories market?
- Which are the key factors aiding the Refractories market growth?
- Which region holds the maximum share in the Refractories market?
- What will be the CAGR of the Refractories market during the forecast period?
- Which application segment emerged as the leading segment in the Refractories market?
- Which are the prominent players in the Refractories market?
- What key trends are likely to emerge in the Refractories market in the forecast period?
- What is the expected Refractories market size by 2027?
- Which company held the largest share in the Refractories market?
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