Refractories Market Overview

The "Refractories Market" report provides an in-depth analysis that is required to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, the Refractories market report provides a full understanding of advanced tactics and plans. 

Refractories Market Value :

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 report offers an extensive examination of top players' strategies within the Refractories industry, coupled with an in-depth analysis of market segments and regional dynamics. In-depth insights into market dynamics, encompassing drivers, restraints, opportunities, and challenges, are provided both on a regional and segmental basis within the Refractories Market report. Additionally, the report presents import/export consumption, supply and demand, pricing, costs, revenue, and gross margins data, serving as an invaluable guide for investors.

The data for the Refractories Market report was meticulously gathered through a combination of primary and secondary research methods, ensuring its authenticity. Primary research methods employed encompassed questionnaire distribution, surveys, and phone interviews with Refractories industry experts, market leaders, marketing professionals, and entrepreneurs. The report's estimations of global and regional Refractories market size were derived using a bottom-up approach. Furthermore, the strengths and weaknesses of Refractories key players within the industry are outlined using SWOT analysis.

Refractories Market Regional Insights

The report delves into the Refractories business in great depth, segmenting it into numerous locations. North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East are evaluated by region and country in the study. In the Refractories market report, regional markets are thoroughly investigated in order to uncover regional market trends, restrictions, and possible prospects.

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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 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

Graphite
Magnesite
Chromite
Silica
High Alumina
Zirconia
Other

by End-Use Industry

Iron & Steel
Power Generation
Non-Ferrous metals
Cement
Glass

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 prognosis for steel on the worldwide market, which is crucial for increasing steel output. These are the main factors that are anticipated to accelerate this segment's growth during the projection period.

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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Table of Content: Refractories Market

Part 01: Executive Summary

Part 02: Scope of the Refractories Market Report

Part 03: Global Refractories Market Landscape

Part 04: Global Refractories Market Sizing

Part 05: Global Refractories Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Offerings:

• A detailed Market Overview
• Market Share, Size & Forecast by Revenue
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments and sub-segments 
• Regional Insights

• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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