Refractories Market Classification, Opportunities, Types, Applications, Status and Forecast to 2027

 


The Growing Product demand from Steel& Iron Industry is propelling the industry growth.

Market Size-USD 3.15 Billion in 2019, Market Growth- CAGR of 4.2%, Market Trends- Expansion of iron & steel refractories.

The Refractories Market is forecast to reach USD 31.01 Billion by 2027 at a CAGR of 4.2%, from USD 3.15 Billion in 2019. Refractories are designed to withstand high temperatures of about 538 degree Celsius; it is made from ceramic materials. It is used in furnaces, incinerators, reactors, kilns, crucibles, moulding for glass and metals and also in surfacing flame deflector systems for rocket launching structures. It possesses properties such as high and effective performance, bulk density, chemical composition, apparent porosity and, strength and gravity at atmospheric temperature.

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Additional Key Findings from the report allude:

Ø On the basis of chemical composition, the basic type segment is estimated to witness the fastest growth of about 3.1% during the forecast period. It has its wide range of applications in oxygen converters, open-hearth furnaces, non-ferrous metal smelting, and electrical furnaces.

Ø The monolithic segment is the fastest-growing segment with a growth rate of 4.5% during the forecast period. It has various applications such as elimination of joints, easy handling and transportation, better spalling tendency, replacement of conventional brick products and greater volume stability.

Ø The iron and steel industry held the largest market share of 59.8% in 2019. It is mainly used in blast furnaces, troughs, basic oxygen making steel vessels, electric arc furnace, torpedo ladles and, process gas heaters.

Ø According to regional terminology, Asia pacific region contributed to the largest market share of USD 20.43 Billion in 2019. It is witnessing the market growth because of use of refractories in end-use industries. China is ruling the region because of the usage of refractories in the iron & steel industry.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/global-refractories-market-research-report-2017

For this report, Reports And Data has segmented the Refractories Market based on chemical composition, form, industry vertical, and region:

Key Players - Imerys, Vesuvius, Krosaki Harima Corporation, RHI Magnesita GmbH, Saint-Gobain, Corning Incorporated, Shinagawa Refractories, Coorstek Incorporated, Chosun Refractories, and Calderys Refractories Limited, among others.

Chemical Composition Outlook (Revenue, USD Billion; 2017-2027)

Ø Basic

Ø Acidic

Ø Neutral

Form Outlook (Revenue, USD Billion; 2017-2027)

Ø Bricks& Shapes

Ø Monolithic& Others

Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)

Ø Metallurgy

Ø Energy & Chemicals

Ø Glass & Ceramic

Ø Cement

Regional Outlook (Revenue, USD Billion; 2017-2027)

Ø North America

·       U.S.

·       Canada

Ø Europe

·       Germany

·       U.K.

·       France

·       Benelux

·       Rest of Europe

Ø Asia Pacific

·       China

·       Japan

·       South Korea

·       Rest of APAC

Ø Latin America

·       Brazil

·       Rest of LATAM

Ø Middle East & Africa

·       Saudi Arabia

·       U.A.E.

·       Rest of MEA

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