Global Refractories Market – Industry analysis and Forecast (2018-2026)
Global Refractories Market was valued US$ 22.61 Bn in 2017 and is estimated to reach US$ 31.67 Bn by 2026 at a CAGR of 4.29 % during the forecast period.
Global refractories market has undergone rapid momentum. Increased competition from Asian refractories producers, falling specific consumption in steel and cement making, tightened environmental regulations and complications in sourcing raw materials have an effect on the market growth. There has been rise in consolidation, with manufacturers seeking to pool costs, expertise and supply chains to stave off operating pressures.
Growth of large scale renewable energy projects and rapid industrialization drives the refractories market. Growth of large scale renewable energy projects will require significant quantities of durable, corrosion-resistant coated steel thereby propelling the market growth. Restrictions on the use of refractories due to the growing environmental concerns and monopoly of china over raw material supply poses a barrier to market growth. Recycling of refractory materials and consolidation of the market overdependence on the iron & steel industry. Emerging opportunity includes smart factories and automation, robotics, 3D printing and contour crafting and driverless and electric vehicles (EVs). Continuous expansion and adoption of the acquisition strategy by major market players has made refractories market competitive. New refractories with better resistance to aggressive environment in glass tank and have increased lifetime while providing improved insulation are being developed.
REQUEST FOR FREE SAMPLE REPORT: https://www.maximizemarketresearch.com/market-report/global-refractories-market/26727/#requestforsample
Unshaped refractories segment is emerging as a fastest-growing segment. Unshaped refractories are replacing conventional refractories in many applications that require high-temperature resistance over conventional refractories. Unshaped refractories also known as monolithic linings restrict batch delays and allow substantial repairs with a minimum loss of time.
Iron & steel industry is the major end-use industry segment with 65 % share of the global refractories market. In Iron & steel industry, refractories are employed for lining of various furnaces, reactor and vessels, which are governed by the operating condition at each stage in the process of manufacturing steel are the driver for market growth. Remaining 35 % of refractory materials are used in the glass, foundry, ceramic, petro-chemical, incineration & power generation and other industries. Energy and chemicals end-user industry is emerging as a potential end use industry. Energy and chemicals industry include power generation, chemical manufacturing plants, and petrochemical refineries. Cement and glass are the fastest-growing end-use industries of refractories.
Asia Pacific is estimated to be the largest refractories market. Growing population, improving economic conditions, industrialization & urbanization along with the consumer purchasing power has resulted into increasing demand for refractories in processing industry. China is a major consumer of refractories in the world and is expected to maintain its position during the forecast period. In North America, growing production of steel and cement in U.S especially for construction purpose across the globe has increased the need of refractories.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding refractories market dynamics, structure by identifying and analyzing the market segments and project the market size. Further, the report also focuses on a competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in refractories market.
Do Inquiry Before Purchasing Report Here: https://www.maximizemarketresearch.com/market-report/global-refractories-market/26727/#inquiry
Scope of the Global Refractories Market
Global Refractories Market, by Alkalinity:
• Basic Refractories
o Dolomite Refractories
o Magnesite Refractories
• Acidic & Neutral Refractories
o Silica Refractories
o Chromite Refractories
o Fireclay Refractories
o Carbon Refractories
o Zirconia Refractories
o Alumina Refractories
Global Refractories market, by Form:
• Unshaped Refractories
• Shaped Refractories
Global Refractories Market, by End-User:
• Iron & Steel
• Glass
• Cement & Lime
• Energy and chemicals
o Power Generation
o Chemical Manufacturing Plants
o Petrochemical Refineries
Global Refractories Market, by Material:
• Graphite
• Magnesite
• Chromite
• Silica
• High Alumina
• Zirconia
• Other
Global Refractories Market, by Region:
• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa
Key Players analyzed in the Report:
• 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.
• Refratechnik Holding GmbH
• Minteq International Inc
• Magnezit Group Ltd
• Cerco LLC
• Almatis GmbH
• Alteo Holding
• Aluchem, Inc.
• Kerneos SA
• Lhoist S.A
• Allied Mineral Products
MAJOR TOC OF THE REPORT
Chapter One: Refractories Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Refractories Market Competition, by Players
Chapter Four: Global Refractories Market Size by Regions
Chapter Five: North America Refractories Revenue by Countries
Chapter Six: Europe Refractories Revenue by Countries
Chapter Seven: Asia-Pacific Refractories Revenue by Countries
Chapter Eight: South America Refractories Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Refractories by Countries
Chapter Ten: Global Refractories Market Segment by Type
Chapter Eleven: Global Refractories Market Segment by Application
Chapter Twelve: Global Refractories Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Refractories Market Report at: https://www.maximizemarketresearch.com/market-report/global-refractories-market/26727/
About Us:
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Contact: +919607065656/ +919607195908
Website: www.maximizemarketresearch.com
