Refractories used in metallurgical operations must be strong enough to support a range of loads. Because of this, refractory materials need to be extremely strong mechanically, even at operating temperatures, in order to bear the heaviest loads without cracking. Refractory materials are used in reactors, kilns, incinerators, and furnaces. Refractories are used to create crucibles and moulds for casting glass and metal, as well as surfacing flame deflector systems for rocket launch structures. Some examples of typical refractory materials are fireclay, high alumina, silica brick, magnesisite, insulating materials, and monolithic refractories.
Market Growth:
Refractories Market size was valued at US$ 24.89 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.6%, reaching nearly US$ 31.88 Bn.
Refractories Market Overview
The Report Delivered By Maximize Market Research Helps Clients To Understand The Competitive Landscape In Detail, Which Is A Guide For Strategic Planning. The Refractories Market Overview Provides Thorough Details About The Size Of The Market, Trade Statistics, Leading Players, And Various Market Metrics Such As Life Cycle, Trends, Etc.
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Refractories Market Report Scope And Research Methodology
The Report Offers A Comprehensive Analysis Of The Refractories Market, Including Trends, Forecasts, And Monetary Values. It Provides A Detailed Examination Of The Segments And Sub-Segments Within Both The Global And Regional Refractories Markets. The Report Employs A Bottom-Up Approach To Estimate The Market Size Of The Refractories Market, Ensuring Accuracy Across Various Segments. It Includes Comprehensive Information On Key Market Participants, As Well As New Entrants, Covering Their Services, Revenue, Financial Status, Portfolio, Growth Strategies, And Regional Presence. The Report Also Provides Projections For Market Size And Growth Rate And Highlights Existing And Future Trends Within The Refractories Market.
Furthermore, The Report Presents An In-Depth Analysis Of Demand Projections, Market Trends, And Micro And Macro Factors That Impact The Refractories Market. It Identifies The Drivers And Constraints Influencing The Growth Of The Refractories Market. The Report Utilizes Qualitative And Quantitative Research Methods, Incorporating Tools Such As Swot Analysis, Pestle Analysis, And Porter’s Five Forces Analysis. This Enables A Comprehensive Understanding Of The Market Dynamics. The Report Also Provides Insights Into Key Upcoming Developments That Are Expected To Influence The Demand For Refractories In The Foreseeable Future.
Refractories Market Segmentation
by Alkalinity
Acidic & neutral
Basic
by Form
Unshaped Refractories
Shaped Refractories
The market is divided into Unshaped and Shaped Refractories based on the Form. During the projection period of 2023-2029, the unshaped Refractories segment is anticipated to expand fast at a CAGR . In applications that require high-temperature resistance, unshaped refractories are progressively taking the place of conventional refractories. Monolithic linings, commonly referred to as unshaped refractories, minimise downtime and cut down on batch delays. The unshaped refractory has a good gradation, excellent purity, and compactness. A monolithic refractory, which is a continuous lining and structure, can be made from it.
by End-Use
Industry Iron & Steel
Power Generation
Non-Ferrous metals
Cement
Glass
Others
The market is divided into Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass, and Others based on the end-use industry. By 2029, the iron & steel segment is anticipated to have a 65% market share. Refractories are frequently used in the iron and steel industry for internal linings of 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.
by Material
Graphite
Magnesite
Chromite
Silica
High Alumina
Zirconia
Other
The World Steel Association projects that by 2029, global steel demand would have increased by 1.7% to 1.81 million metric tonnes from the 1.76 million metric tonnes it was in 2022. This represents the prognosis for demand on the worldwide market, which is crucial for increasing steel production. These are the main factors that will support this segment’s expansion in the worldwide refractories market from 2023 to 2029.
The Key Manufacturers In The Refractories Market
1. Magnesita Refratarios S.A.
2. Saint-Gobain S.A
3. RHI AG
4. Shinagawa Refractories Co. Ltd
5. Krosaki Harima Corporation
6. Corning Incorporated
7. Vesuvius PLC
8. Harbisonwalker International (HWI) Inc.
9. Coorstek Incorporated
10. Morgan Advanced Materials PLC
11. Lhoist
12. Imerys SA
13. Puyang Refractories Group Co., Ltd.
14. Chosun Refractories Co., Ltd.
15. IFGL Refractories Ltd.
16. Resco Products, Inc.
Refractories Market Regional Insights
The Report Provides A Regional Analysis That Aids In Comprehending The Refractories Market Across Multiple Countries. It Offers A Comprehensive Examination Of Various Factors, Market Size, Growth Rate, As Well As Import And Export Statistics Within Different Regions. The Refractories Market Is Categorized Into Several Major Regions, Namely North America, Europe, Asia Pacific, Latin America, The Middle East, And Africa. The Report Delves Into Each Of These Regions To Provide Detailed Insights And Understanding Of The Refractories Market’s Dynamics And Performance In Each Geographical Area.
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Table Of Content For The Refractories Market Includes:
1. Global Refractories Market: Research Methodology
2. Global Refractories Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Refractories Market
2.2. Summary
2.1.1. Key Findings
2.1.2. Recommendations for Investors
2.1.3. Recommendations for Market Leaders
2.1.4. Recommendations for New Market Entry
3. Global Refractories Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• Latin America
3.12 COVID-19 Impact
4. Global Refractories Market Segmentation
4.1 Global Refractories Market, by Alkalinity (2022-2029)
• Acidic & neutral
• Basic
4.2 Global Refractories Market, by Form (2022-2029)
• Unshaped Refractories
• Shaped Refractories
4.3 Global Refractories Market, by End-Use Industry (2022-2029)
• Iron & Steel
• Power Generation
• Non-Ferrous metals
• Cement
• Glass
• Others
4.4 Global Refractories Market, by Material (2022-2029)
• Graphite
• Magnesite
• Chromite
• Silica
• High Alumina
• Zirconia
• Other
Key Questions Answered In The Refractories Market Are:
- Which Are The Factors Expected To Drive The Refractories Market Growth?
- What Are The Different Segments Of The Refractories Market?
- What Are The Factors Restraining The Growth Of The Refractories Market?
- What Is The Demand Pattern Of The Refractories Market?
- What Major Challenges Could The Refractories Market Face In The Future?
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Key Offerings:
- Past Market Size And Competitive Landscape (2018 To 2022)
- Past Pricing And Price Curve By Region (2018 To 2022)
- Market Size, Share, Size & Forecast By Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, And Key Trends By Region
- Market Segmentation – A Detailed Analysis By Segment With Their Sub-Segments And Region
- Competitive Landscape – Profiles Of Selected Key Players By Region From A Strategic Perspective
- Competitive Landscape – Market Leaders, Market Followers, Regional Player
- Competitive Benchmarking Of Key Players By Region
- Pestle Analysis
- Porter’s Analysis
- Value Chain And Supply Chain Analysis
- Legal Aspects Of Business By Region
- Lucrative Business Opportunities With Swot Analysis
- Recommendations
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