Refractories Market Share, Trend, Segmentation and Forecast to 2029
Data Bridge Market Research analyses
that the refractories market was valued at USD 24.19 billion in 2021 and is expected to reach USD 33.75 billion by 2029, registering
a CAGR of 4.25 % during the forecast
period of 2022 to 2029. In addition to the market insights such as market
value, growth rate, market segments, geographical coverage, market players, and
market scenario, the market report curated by the Data Bridge Market
Research team includes in-depth expert analysis, import/export analysis,
pricing analysis, production consumption analysis, patent analysis and
technological advancements.
Petrochemical, Refineries and
chemical plants require specific refractory castables. Because
it can maintain the hydrocarbon and refinery processes which is involved in the
operations. Also, the right solutions can decrease the refractory
lining consumption rate. For example in catalytic reactors, fired
heaters, sulfur burners, and gasifier. Similarly, these plants must plan to
reduce running charges and their carbon footprint. Hence, they demand long-term
refractory lining stability.
.
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Refractory
materials are used in incinerators, furnaces, kilns,
and reactors. Refractories are also used to create moulds and
crucibles and for casting metals and glass and for surfacing flame
deflector systems for rocket launch structures. They are obtainable in an
extensive variety of sizes and shapes which can be molded and pressed as per
the required dimensions. Due to this, they used in various sectors, including
energy, chemical, non-ferrous metals, iron and steel manufacturing, glass,
cement and ceramics. Today, the iron and steel industry and
metal casting industry use approximately 70% of all refractories.
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Refractories Market Scope and Market Size
A refractory is a material that
is resilient to decomposition by pressure, heat, or chemical attack, and
retains strength and it forms at high temperature. Refractories are inorganic,
heterogeneous, polyphase, inorganic, non-metallic and porous material
which are typically composed of carbides or oxides, nitrides etc. Refractories
are ceramic materials designed to withstand the very high temperatures above
1,000°F (538°C) which has encountered in modern manufacturing. They are used to
line the hot surfaces found inside several industrial processes.
Refractories Market Country Level Analysis
Data points like down-stream and
upstream value chain analysis, technical trends and porter's five forces
analysis, case studies are some of the pointers used to forecast the market
scenario for individual countries. Also, the presence and availability of
global brands and their challenges faced due to large or scarce competition
from local and domestic brands, impact of domestic tariffs and trade routes are
considered while providing forecast analysis of the country data. During the
projected period, Europe is anticipated to be the fastest developing region
owing to the increasing demand for non-metal and metal castings in heavy
equipment for the acidic and neutral refractories in this region.
The countries covered in the
refractories market report are U.S., Canada and Mexico in North America,
Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain,
Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore,
Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
(APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt,
Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa
(MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the report
also provides individual market impacting factors and changes in market
regulation that impact the current and future trends of the market.
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List of Figures: https://www.databridgemarketresearch.com/toc/?dbmr=global-refractories-market
Major TOC of the Refractories
Market Report
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
Competitive Landscape and Refractories Market Share Analysis
Details included are company
overview, company financials, revenue generated, market potential, investment
in research and development, new market initiatives, global presence,
production sites and facilities, production capacities, company strengths and
weaknesses, product launch, product width and breadth, application dominance.
The above data points provided are only related to the companies' focus related
to refractories market.
Some of the major players operating in the refractories market are:
· Morgan Advanced Materials (UK)
· SHINAGAWA REFRACTORIES CO., LTD. (Japan)
· Saint-Gobain (France)
· Krosaki Harima Corporation (Japan)
· CoorsTek Inc. (US)
· Calderys (France)
· Vesuvius (UK)
· Shinagawa Refractories Co. Ltd. (Japan)
· HarbisonWalker International (US)
· Chosun Refractories Eng. Co. Ltd. (South Korea)
· Refratechnik. (Germany)
· Imerys (US)
· IFGL Refractories Ltd. (India)
· Dalmia Bharat Group (India)
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