The Worldwide Refractories Industry is Expected to Reach $30.2 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Refractories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Refractories estimated at US$23.8 Billion in the year 2020, is projected to reach a revised size of US$30.2 Billion by 2027, growing at a CAGR of 3.4% over the period 2020-2027.

Bricks & Shapes, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$16.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Monolithics & Others segment is readjusted to a revised 3.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 4.1% CAGR

The Refractories market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.2 Billion by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Select Competitors (Total 104 Featured) -

• Allied Minerals Products
• Almatis GmbH
• Alteo Holding
• AluChem, Inc.
• CerCo Corporation
• Chosun Refractories Co., Ltd.
• Compagnie de Saint-Gobain S.A.
• CoorsTek, Inc.
• Harbisonwalker International
• IFGL Refractories Ltd.
• Imerys S.A.
• Krosaki Harima Corporation
• Lhoist Group
• Qinghua Refractories Co., Ltd.
• Magnezit Group
• Minteq International Inc.
• Morgan Advanced Materials plc
• Puyang Refractories Group Co., Ltd.
• Refratechnik Holding GmbH
• Resco Products, Inc.
• RHI Magnesita GmbH
• Ruitai Materials Technology Co., Ltd.
• Shinagawa Refractories Co., Ltd.
• Vesuvius plc
• Zhejiang Zili Advanced Materials Co., Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Drop in Steel Demand Sets Major Impact on Refractory Business
• Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Strongly Discourage the Refractories Market
• Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into Refractories Market
• Revival in Construction Activity and Ensuing Demand for Iron and Steel to Improve Growth Prospects
• Refractories: A Prelude
• Features and Benefits
• Refractory Products by Form
• Refractory Products by Material
• Market Outlook
• Regional Outlook
• Key Drivers of Refractories by End-Use Sector
• Monolithics to Outshine Bricks and Shapes
• Non-Ferrous and Non-Metallic Applications Gain Growth
• Refractory Production Landscape
• Competition
• Global Refractories Industry in Consolidation Mode
• Recent Market Activity
• World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Supplies and Pricing Volatilities Constrain the Refractories Market Worldwide
• Influx of New Preparation Technologies to Transform Refractory Materials
• Nanomaterials Gain Interest in Refractory Industry
• Demand for Efficient and Durable Refractories on Rise
• Raw Materials Play an Important Role in Determining Prices
• Alternative Minerals to Witness Increased Adoption as Bauxite Supply Drops
• Refractories: A Major End-Use Market for Natural Graphite
• Companies Test Other Regions for Mining of Graphite
• Refractory Manufacturers to Invest in Graphite Mines to Tackle Rising Graphite Prices
• Focus on New Sources of Magnesia on Rise
• Kyanite and Other Related Minerals Gain Interest
• Customization of Refractories Catches On
• A Highly Fragmented Marketplace Benefits Raw Material Suppliers
• Demand for Efficient and Durable Refractories Rises
• Market Dynamics of Major End-Use Sectors
• Iron & Steel
• China Holds the Key for Future Growth of Steel Industry
• Export
• Cement
• Glass Manufacturing
• Growth Drivers for Flat Glass Industry: On a Scale 1-10 (10 - High Impact; 1 - Low Impact)
• Ceramic Tiles

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ye14cy