Refractory Materials market - global growth, trends and forecast (2022 - 2027) by types, by application, by regions and by key players: Vesuvius plc, RHI Magnesita N.V, Krosaki Harima Corporation.

The global Refractory Materials market will register a 3.4% cagr in terms of revenue, the global market size will reach us$ 44820 million by 2027.

Refractory Materials Market Overview

The growing demand for steel products, as well as key competitors' continued capacity expansions, are creating multiple prospects in the refractory industry. Bauxite, kaolin, graphite, and magnesium are among the minerals used in refractories. Despite the fact that all of these minerals are produced worldwide, not all grades are suitable for refractories. As a result, these minerals are frequently need to be imported. Due to abundant mineral resources, China is the world's biggest producer of refractories minerals.

The United States and Europe have levied anti-dumping taxes on Chinese imports due to disputed trade practises. As a result, the worldwide refractories market has been stifled by high raw material costs combined with high import tariffs.

The research provides an up-to-date assessment of the current worldwide market situation, as well as the newest trends and drivers and the overall market environment. The market is being driven by rising steel demand from the building, infrastructure, automotive, and other industries, as well as increased vendor R&D. Furthermore, rising steel demand from the building, infrastructure, automotive, and other sectors is expected to propel the industry forward.

Who are the major players in the Refractory Materials market?

Top key players in the Refractory Materials market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Refractory Materials market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Vesuvius plc, RHI Magnesita N.V, Krosaki Harima Corporation, Shinagawa Refractories Co., Ltd., Magnezit Group Ltd., Morgan Advanced Materials plc, Refratechnik Holding GmbH.

Industry News;

Magnezit Group to sponsor the judo world championship

2014-Magnezit Group, one of the world leaders of refractory industry, is coming forward as general sponsor of the judo world championship which is to be held 25–31 of August 2014 at the » in Chelyabinsk, Russia. More than one thousand sportsmen from 120 countries of Asia, Europe, Africa, Northern and South America will take part in competitions. 16 sets of awards will be conferred to them. Magnezit Group actively supports development of physical training and sports and creates conditions for healthy lifestyle. «It is one of important directions of our social activity, as sport unites people and helps them to overcome difficulties of everyday life. We pay particular attention to judo, which is extremely popular within our region. Of course, we are fans of our sportsmen and sincerely wish them victory! » — said general director of Magnezit Group Sergei Odegov.

What are the major applications, types and regions for Refractory Materials market?

Market is segmented based on the type, applications, companies and regions.

By type, Refractory Materials market has been segmented into 

• Common Refractory Materials (1580??1770?)


• Advanced Refractory Materials (1770??2000?)


• Superrefractory Materials (>2000?)

The end user’s industry application on Refractory Materials market is, 

• Chemical & Material


• Construction


• Machinery & Equipment


• Others

Refractory Materials market regional analysis

The Asia-Pacific refractory material market is expected to develop at the fastest rate of 5.0% over the forecast period, accounting for 78.2% of the total market in 2020. This is due to increased demand for iron and steel from various end-use sectors such as industrial, construction infrastructure, automotive, and others, which has led iron and steel manufacturers to expand their production capacities, where refractory materials are widely used for temperature stability. For example, India's completed steel consumption is expected to rise to 230 metric tonnes (MT) by 2030-31, up from 93.43 metric tonne (MT) in 2020-21, according to a report published by India Brands Equity Foundation.

North america

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  • Us
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • Uk
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of europe
  
  
  
  


• Asia-pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South korea
  
  
  • Rest of asia-pacific
  
  
  
  


• Rest of the world
  
  
  
  • Middle east & africa
  
  
  • Latin america
  
  
  
  

The Refractory Materials market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The global Refractory Materials market report also conducted a pestel analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Refractory Materials market report scope?

Key takeaways from this evaluate Refractory Materials report

• Evaluate Refractory Materials market potential through analyzing growth rates (cagr %), volume (units) and value ($m) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, swot and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Refractory Materials market entropy - m&a's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Frequently asked questions

What is the study period of this market?

The Refractory Materials market is studied from 2017 - 2027.

What is the growth rate of Refractory Materials market?

The Refractory Materials market is growing at a cagr of 3.4% over the next 5 years.

Who are the key players in Refractory Materials market?

Vesuvius plc, RHI Magnesita N.V, Krosaki Harima Corporation, Shinagawa Refractories Co., Ltd., Magnezit Group Ltd., Morgan Advanced Materials plc, Refratechnik Holding GmbH.

What regions does this Refractory Materials market report covers?

North america (the united states, canada, and mexico)

europe (germany, france, uk, russia, and italy)

asia-pacific (china, japan, korea, india, and southeast asia)

south america (brazil, argentina, colombia, etc.)

The middle east and africa (saudi arabia, uae, egypt, nigeria, and south africa)

What are the significant types of Refractory Materials market?

Common Refractory Materials (1580??1770?), Advanced Refractory Materials (1770??2000?), Superrefractory Materials (>2000?)

What are the major end-use applications of the Refractory Materials market?

Chemical & Material, Construction, Machinery & Equipment, Others

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