Refractories Market Report Overview
MMR provides a brief description of Refractories industry. It includes a detailed analysis of the Refractories Market that highlights standard topics and customizes the data as needed. This overview help investors to understand the situation in the Refractories industry.
Market Growth Projection
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.
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Refractories Market Report Scope and Research Methodology
The Refractories Market report outlines the current and historical growth patterns of the Market, along with the state of the Market CAGR, Market size, forecast and revenue share, and trends price. The Refractories Market report includes industry-specific challenges, lucrative opportunities, and technical advancements that help key players increase revenue and growth. The report covers current and future trends that are driving the development of the Refractories Market. The report includes the competitive landscape along with future technical and financial details of the Refractories industry. Company profiles, capacity, manufacturing, price, cost, revenue and statistics are also included in the Refractories Market report along with their SWOT analysis including strengths, weaknesses, opportunities and threats. The bottom-up approach has been used to estimate the Refractories Market size by value and volume. All the information has been found by using primary and secondary research methods for the Refractories Market report.
Refractories Market Regional Insights
This section in the Refractories Market report includes a detailed analysis of all the regions including North America, Asia Pacific, Europe, South America and the Middle East and Africa with their key countries. An in-depth analysis of trends and Refractories key players in each region with detailed information on their revenue and business is included in the report.
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Refractories Market Segmentation
by Alkalinity
Acidic & neutral
Basic
by Form
Unshaped Refractories
Shaped Refractories
The market is divided into Unshaped Refractories and Shaped Refractories based on the Form. Over the forecast period of 2023–2029, the unshaped Refractories segment is anticipated to grow quickly at a high CAGR. In applications 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 a reasonable gradation, high purity, and compactness. It can be made into a continuous lining and structure known as a monolithic refractory.
by Material
Graphite
Magnesite
Chromite
Silica
High Alumina
Zirconia
Other
by End-Use Industry
Iron & Steel
Power Generation
Non-Ferrous metals
Cement
Glass
Others
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.
Refractories Market Key Competitors include
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 Offerings:
- Market Share, Size & Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Segment, sub-segments and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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