In accordance with this study, the Global Refractories Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2022-2028.
Refractories or refractory materials are heat resistant materials, produced from natural & synthetic non-metallic minerals, including alumina, fireclays, bauxite, chromite, magnesite, silicon carbide, and zirconia. Refractories possess those chemical and physical properties that make them applicable for structures or components of the system that are exposed to 1000F or 538C. Refractories are used to make crucibles and molds for casting glass and metals and are also used in furnaces, incinerators, kilns, and reactors.
The increasing demand for non-metallic minerals owing to their usage in manufacturing casting for the aerospace, automotive, iron & steel industry, is escalating the market growth. Also, the growing production of non-metallic materials along with their demand in the glass industry is further pushing the market growth. On the contrary, stringent government regulations regarding the use of refractories due to environmental concerns, as refractories eliminate hazardous components while in use, may hinder the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of refractories.
The study offers a decisive view of the global refractories market by segmenting it in terms of alkalinity, form, and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Iron & Steel
- Non-Ferrous Metals
This section covers refractories market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The regional segmentation has been done based on the present and future trends in the global refractories market along with the individual application segment across all the prominent region.
Global Refractories Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global refractories market are Calderys, Chosun Refractories Eng. Co. Ltd., CoorsTek Inc., HarbisonWalker International, Krosaki Harima Corporation, Morgan Advanced Materials, RHI Magnesita GmbH, Saint-Gobain, Shinagawa Refractories Co., Ltd., and Vesuvius. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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