Reports and Data estimates the global Refractories competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Refractories during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Imerys, Vesuvius, Krosaki Harima Corporation, RHI Magnesita GmbH, Saint-Gobain, Corning Incorporated, Shinagawa Refractories, Coorstek Incorporated, Chosun Refractories, and Calderys Refractories Limited.
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Refractories Overview :-
The global refractories market size was USD 24.71 Billion in 2020 and is expected to reach a value of USD 31.77 Billion by 2028, and register a CAGR of 3.10% during the forecast period. Adoption of refractories is expected to increase considering that end-use industries of the product are rapidly growing on a global scale. These industries include iron and steel, aerospace, glass, automotive and cement, among others.
ASTM International defines refractories as non-metallic materials with chemical and physical properties that make the products applicable for structures or as components of systems that are exposed to environments above 538C. In the production of steel, demand for more energy-efficient approaches is expected to support market growth during the forecast period. The product comprises of an ability to tolerate extreme temperature, which a requirement nowadays for modern and technologically advanced engineering, and due to the prerequisite for considerable measures of long-lasting, corrosion-resistant coated steel an intensification in the number of large-scale renewable energy developments is further driving market growth. Refractories are used for coating hot exteriors found inside several industrial procedures, owing to their better heat-resistance in assessment to other metals.
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For the purpose of this report Reports and Data has segmented global Refractories market on the basis of type, application, and region:
By Chemical Composition Outlook
- Basic
- Acidic
- Neutral
By Form Outlook
- Bricks Shapes
- Monolithics
- Others
By Industry Vertical Outlook
- Metallurgy
- Energy Chemicals
- Glass Ceramic
- Cement
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Refractories during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
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