Refractories Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Refractories are made up of ceramic or other nonmetallic materials for high temperature applications. Refractories can withst and high temperature. Materials like fireclays, bauxite, chromite, dolomite, etc. are used in the production of refractories. Refractories are used for fireplace brick linings, reentry heat shields for the space shuttle, and others. Refractories are also used in boilers and furnaces such as reactors, ladles, stills, kilns, etc. Different type of refractories are used as per requirement, such as silica refractories, zirconia refractories. alumina refractories, and others. Refractories are widely used in various industries such as iron & steel, glass, cement, power generation, and others.

MARKET DYNAMICS

The growing demand for high grade refractories for iron & steel industry will drive the demand growth for refractories market. Additionally, increasing demand for refractories in glass and nonferrous metals will further propel the demand for refractories market. Predominantly, growing environmental concerns over the usage of refractories may hinder the demand growth for refractories market. However, possibility of recycling of refractory material will create opportunity for refractories market.

MARKET SCOPE

The "Refractories Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the refractories market with detailed market segmentation by form, alkalinity, end use industry and region. The refractories market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading refractories market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The refractories market is segmented on the basis of form, alkalinity, and end use industry. On the basis of form, the refractories market is segmented into, shaped refractories, unshaped refractories. On the basis of alkalinity, the refractories market is segmented into, acidic & neutral refractories, basic refractories. On the basis of end use industry, the refractories market is segmented into, iron & steel, power generation, non-ferrous metals, cement, glass, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the refractories market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Refractories market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the refractories market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the refractories market in these regions.

MARKET PLAYERS

The reports cover key developments in the refractories market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from refractories market are anticipated to lucrative growth opportunities in the future with the rising demand for refractories in the global market. Below mentioned is the list of few companies engaged in the refractories market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the refractories market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Coorstek Incorporated
•  Corning Incorporated
•  Harbisonwalker International
•  Imerys
•  Krosaki Harima
•  Morgan Advanced Materials
•  RHI Magnesita
•  Saint-Gobain
•  Shinagawa Refractories
•  Vesuvius

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Refractories Report Scope