Research and Markets: Global Refractory Material (Bricks and Monolithics) Market 2014-2018 with Krosaki Harima Corp, Magnesita Refratrios SA, RHI AG, Vesuvius plc Dominating
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rh68wx/global_refractory) has announced the addition of the "Global Refractory Material Market 2014-2018" report to their offering.
One of the major drivers in this market is the growth being witnessed in emerging markets such as China and Brazil. This in turn has increased the demand for refractory material over the past few years.
Refractory materials are used in the refractory lining of furnaces, kilns, incinerators, and reactors. These materials have a high melting point (greater than 2768 degrees Fahrenheit). They are subjected to various conditions such as high temperature, abrasion and chemical corrosion, slag attack, and chemical reactions when they are used in refractory linings. Hence they must be able to endure these conditions with minimal wear and tear and high reliability. The Steel industry is one of the major end-users of refractory materials.
One of the major trends in the Global Refractory Material market is the increasing number of mergers and acquisitions. The market is witnessing a large number of mergers and acquisitions and other strategic alliances, with many large players and emerging vendors considering this lucrative strategy to acquire a larger share in the market. This approach also enhances the vendors' distribution channels and improves their market reach. Thus, the growing number of mergers and acquisitions will help the market vendors remain competitive while consolidating their position at the same time.
Further, the report states that the increasing cost of raw materials is one of the major challenges faced by the market. Raw materials account for more than 35 percent of the total cost of the manufacturing of refractory materials.
The Global Refractory Material market can be divided into two segments: Bricks and Monolithics.
- Krosaki Harima Corp
- Magnesita Refratários SA
- RHI AG
- Vesuvius plc
Other Prominent Vendors
- Chosun Refractories Co. Ltd.
- Minteq International Inc.
- Morgan Advanced Materials plc
- OCL India Ltd.
- Orient Abrasives Ltd.
- Orind Refractories Ltd.
- Refratechnik Group
- Saint-Gobain SA
For more information visit http://www.researchandmarkets.com/research/rh68wx/global_refractory