Refractories Market Growth Trends With Detailed Forecast To 2023-2029

Refractories Market

Refractories Market Overview

MMR recently published Refractories market report offers a holistic view of the Refractories market, encompassing both global players and local players operating in different countries. Through a comparative analysis of key players and market followers, this report provides an insightful industry outlook.

Global Refractories Market size was valued at US$ 30.36 Bn in 2022 and the total revenue is expected to grow at a CAGR of 4.3%, reaching nearly US$ 40.77 Bn.

Refractories Market Report Scope and Research Methodology

The report provides an in-depth analysis of the Refractories market, through segmentation. It analyses the market size, share, growth, and trends, along with the drivers and restraints affecting the market growth. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. 

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Refractories Market Regional Insights

The report provides regional insights into the industrial gas market for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Asia-Pacific region is expected to dominate the market.

Refractories Market Segmentation

by Alkalinity

Acidic & neutral

by Form

Unshaped Refractories
Shaped Refractories

The market is divided into Unshaped Refractories and Shaped Refractories based on the Form. Over the projection period of 2023–2029, the unshaped Refractories sector is anticipated to rise quickly at a high CAGR. In situations where high-temperature resistance is required, unshaped refractories are gradually taking the place of conventional refractories. Monolithic linings, sometimes referred to as unshaped refractories, allow for extensive repairs with little downtime and decrease batch delays. The unshaped refractory has an acceptable gradation, high purity, and compactness. It can be made into a continuous liner and structure known as a monolithic refractory.

by Material

High Alumina

by End-Use

Industry Iron & Steel
Power Generation
Non-Ferrous metals

The market is divided into iron and steel, power generation, non-ferrous metals, cement, glass, and others based on the End-Use Industry. By 2029, the iron and steel industry is predicted to have a 65% market share in refractories. The most common uses of refractories in the iron and steel industry are internal linings of furnaces for iron and steel, 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.The World Steel Association projects that by 2029, there would be 1.81 million metric tonnes of steel consumed worldwide, a 1.7% rise from 1.76 million tonnes in 2022. This represents the demand outlook for the worldwide market, which is significant .

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Refractories Market Key Players

1. RHI Magnesita 2. Saint-Gobain S.A 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 12. Imerys SA 13. Puyang Refractories Group Co., Ltd. 14. Chosun Refractories Co., Ltd. 15. IFGL Refractories Ltd. 16. Resco Products, Inc.

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Key questions answered in Refractories Market are:

  • Who held the largest market share in the Refractories Market? 
  • What are the factors driving the Refractories Market growth?
  • What are the factors restraining the Refractories Market growth?
  • Which trends are expected to generate additional revenue for the Refractories market growth?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Refractories Market?

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 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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