DUBLIN--(BUSINESS WIRE)--The "Refractories Market by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic & Neutral. Basic), End-Use Industry (Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global refractories market is estimated to be USD 23.3 billion in 2018 and is projected to reach USD 26.3 billion by 2023, at a CAGR of 2.5%.
The increase in demand from the iron & steel, glass, non-ferrous metals, and power generation industries fuel the refractories market. The increasing demand from APAC due to the growth of the construction and automotive industries is driving the refractories market growth. However, the downfall of the iron & steel industry in some areas can affect the refractories market.
Key Highlights
- Iron & Steel is estimated to be the largest whereas glass is projected to be the fastest-growing end-use industry for refractories.
- Unshaped refractories is estimated to be the largest and projected to be the fastest-growing type by form.
- Acidic & neutral refractories are estimated to be the largest type of refractories by alkalinity.
- APAC is estimated to be the largest refractories market.
Market Dynamics
Drivers
- Increase in Infrastructural Development in Emerging Countries
- High Growth Rate Witnessed By the Non-Metallic Minerals Industry
- Growing Demand for High-Grade Refractories From the Iron & Steel Industry
Restraints
- Restrictions on the Use of Refractories Due to the Growing Environmental Concerns
- Monopoly of China Over Raw Material Supply
Opportunities
- Recycling of Refractory Materials
- Consolidation of the Market
Challenges
- Overdependence on the Iron & Steel Industry
Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Refractories Market, By Form
7 Refractories Market, By Alkalinity
8 Refractories Market, By End-Use Industry
9 Refractories Market, By Region
10 Competitive Landscape
11 Company Profiles
- Allied Minerals Products
-
Almatis
- Alteo Holding
- Aluchem
- Cerco
- Chosun Refractories
- Coorstek Incorporated
- Corning Incorporated
- Harbisonwalker International
- IFGL Refractories
- Imerys
- Krosaki Harima
- Lhoist
- Liaoning Qinghua Refractories Co.
- Magnezit Group
- Minteq International
- Morgan Advanced Materials
- Puyang Refractories Group
-
Refractechnik Holding
- Resco Products
- RHI Magnesita
- Ruitai Materials Technology
- Saint-Gobain
- Shinagawa Refractories
- Vesuvius
- Zhejiang Zili Advanced Materials
For more information about this report visit https://www.researchandmarkets.com/research/vkkvw3/refractories?w=4
