1. Market Research
  2. > Materials
  3. > Mineral Market Trends
  4. > Refractories Market by Type, by Chemical Composition, by End-Use Industry, by Region - Trends & Forecasts to 2020

Refractories Market by Type, by Chemical Composition, by End-Use Industry, by Region - Trends & Forecasts to 2020

  • December 2015
  • -
  • MarketsandMarkets
  • -
  • 155 pages

Summary

Table of Contents

Search Inside

“Rising infrastructural developments, high potential from the non-metallic minerals industry, and increasing global demand for high grade refractory is driving the refractories market”
The market size for refractories is projected to reach USD 33.7 billion by 2020, registering a CAGR of 3.9% between 2015 and 2020. With modernization, emerging economies have invested significantly in the infrastructural development. With increasing industrialization in some major economies, such as India, China, Germany, Italy, and France, the market is expected to boost further. The high potential from non-metallic minerals industry is another major driver boosting the growth of refractories, globally. Cement, ceramics, glass, and lime are majorly used non-metallic minerals in infrastructural and construction sectors, thus using refractories in their production processes.

Shaped refractories, the largest form of refractories
Shaped refractory is the major form of refractory that is used primarily because of their ability to withstand high temperature, and usually have a low thermal conductivity for greater energy efficiency. As shaped refractories are characterized with variable composition, corrosion resistance, flux & stag resistance, volume stability, and high sapling resistance, these are the ideal materials for high temperature application in major end-use industries.

Iron & Steel, the largest end-use industry for refractories
Iron & steel is the largest end-use industry of refractories globally. In iron & steel industry, refractories are used widely for linings and insulation of the high temperature furnaces. As refractories are characterized with lightweight, high temperature sustainability, and robustness, these are the ideal materials for manufacturing precasted shapes, refractory bricks, binders, nozzles, and so on. Additionally, the iron & steel industry is expected to boost further with the shift of various manufacturing industries, namely automotive and construction from developed to developing economies, particularly from the U.S. to China. Because of significant economic expansion and growing steel output in countries such as China, India, and Taiwan, the refractories in iron & steel industry will continue to grow.

Asia-Pacific, the largest and fastest-growing market for refractories
Asia-Pacific is the largest market for refractories globally, with China being the most dominant market. This region is witnessing the highest growth rate which is attributed to the rapid economic expansion currently undergoing in the region. Further, rapid industrial development in Asia-Pacific is vigorously driving the demand for refractories for iron & steel, glass, cement, and non-ferrous metals industry.

This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided in three categories: by company; by designation; and by region.
- By Company Type- Tier 1- 50%, Tier 2- 37% and Tier 3- 13%
- By Managers- 50%, Research & Consultants- 25% and Others- 25%
- By Region- Asia-Pacific- 62%, and Europe- 38%

The report also includes company profiles and competitive strategies adopted by the major market players, such as Corning Incorporated (U.S.), CoorsTek Incorporated (U.S.), Magnesita Refratarios S.A (Brazil), Morgan Advanced Materials Plc (U.K.), RHI AG (Austria), Saint-Gobain S.A. (France), Shinagawa Refractories Co. Ltd (Japan), and Vesuvius Plc. (U.K.), among others.

Reasons to buy the report:
- To understand the global, regional, and national scenarios.
- To understand the market trends and dynamics along with key factors affecting
- To identify the present and upcoming market opportunities
- To identify the potential markets in various regions for refractories
- To track the recent developments in refractories market
- To understand the competitive background of the industry, and positioning of participants in the market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Global Refractories Market - Segmented by Product Type, End-User Industry, and Geography - Trends and Forecasts (2017 - 2022)

Global Refractories Market - Segmented by Product Type, End-User Industry, and Geography - Trends and Forecasts (2017 - 2022)

  • $ 4250
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

The Global Refractories Market is currently valued at USD 45.09 billion in 2016  and is expected to reach USD 53.08 billion by 2021, growing at a CAGR of 3.32% during the forecast period. In terms of ...

Refractories Markets in China

Refractories Markets in China

  • $ 4000
  • Industry report
  • January 2017
  • by Asia Market Information & Development Company

China’s demand for Refractories has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which ...

China graphite and other non-metallic mineral product manufacturing industry, 2017

China graphite and other non-metallic mineral product manufacturing industry, 2017

  • $ 3600
  • Industry report
  • March 2017
  • by Reports from China

China graphite and other non-metallic mineral product manufacturing industry, 2017 is valuable for anyone who wants to invest in the graphite and other non-metallic mineral product manufacturing industry, ...

Global Refractories Industry

August 2016 $ 4950

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.