The Global Refractories Market: Size, Share, Growth and Opportunities 2023-2029


Posted August 7, 2023 by supriyamaximize

Refractories Market size was valued at US$ 24.89 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.6%, reaching nearly US$ 31.88 Bn.

 
Refractories Market Overview

A market research study on "Refractories Market" is available from Maximize Market Research, a global healthcare market research company.An extensive study of the sector is provided in the report on Refractories Market. The market size and growth rate are two major points of the report. The drivers, restraints, challenges, and opportunities for the Refractories Market's growth are included in the report's insights.

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Refractories Market Segmentation

The market is divided into Unshaped and Shaped Refractories based on the Form. During the projection period of 2023-2029, the unshaped Refractories segment is anticipated to expand fast at a CAGR . In applications that require high-temperature resistance, unshaped refractories are progressively taking the place of conventional refractories. Monolithic linings, commonly referred to as unshaped refractories, save downtime and cut down on batch delays. The unshaped refractory has a good gradation, excellent purity, and compactness. A monolithic refractory, which is a continuous lining and structure, can be made from it.

The market is divided into Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass, and Others based on the end-use industry. 65% of the market is anticipated to belong to the iron and steel category.

The World Steel Association projects that by 2029, global steel demand would have increased by 1.7% to 1.81 million metric tonnes from the 1.76 million metric tonnes it was in 2022. This represents the prognosis for demand on the worldwide market, which is crucial for increasing steel production. These are the main factors that will support this segment's expansion in the worldwide refractories market from 2023 to 2029.

1 Global Refractories Market, by Alkalinity (2022-2029)
• Acidic & neutral
• Basic
2 Global Refractories Market, by Form (2022-2029)
• Unshaped Refractories
• Shaped Refractories
3 Global Refractories Market, by End-Use Industry (2022-2029)
• Iron & Steel
• Power Generation
• Non-Ferrous metals
• Cement
• Glass
• Others
4 Global Refractories Market, by Material (2022-2029)
• Graphite
• Magnesite
• Chromite
• Silica
• High Alumina
• Zirconia
• Other

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Refractories Market Key Players

1. Magnesita Refratarios S.A.
2. Saint-Gobain S.A
3. RHI AG
4. Shinagawa Refractories Co. Ltd
5. Krosaki Harima Corporation
6. Corning Incorporated
7. Vesuvius PLC
8. Harbisonwalker International (HWI) Inc.
9. Coorstek Incorporated
10. Morgan Advanced Materials PLC
11. Lhoist
12. Imerys SA
13. Puyang Refractories Group Co., Ltd.
14. Chosun Refractories Co., Ltd.
15. IFGL Refractories Ltd.
16. Resco Products, Inc.


Refractories Market Report Scope and Research Methodology

Primary and secondary research methods were both used in the Refractories Market Analysis. Primary research involves the direct collection of data from the market through surveys, interviews, and market observations. Information was acquired for secondary research from published sources such news articles, business websites, and industry studies.

The competition in the market, which consists of innovators, copycats, and newcomers, is carefully examined. Through rigorous primary research, the key data discovered during the examination of Refractories were confirmed and verified. Examples of computations based on market statistics include market engineering, market forecasting, market breakdown, and data triangulation. The secondary data was gathered through the company's annual reports, articles, paid and free databases, etc. to determine the regional

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Refractories Market Regional Insights

The study provides a comprehensive analysis of each region's growth drivers, roadblocks, prospects, and competitive environment. The geographic divisions of the market are North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The study also identifies the leading countries in each region and forecasts the markets for those countries.

Important inquiries addressed in the Refractories Market are:

What is Refractories ?
What are the global trends in the Refractories Market?
What was the Refractories Total Market size in 2023?
What is expected Refractories Market size by 2029?
Who held the largest market share in Refractories Market?
Who are the leading companies and what are their portfolios in Refractories Market?
What are the major challenges that the Refractories Industry could face in the future?
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023−2029
Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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Issued By Supriya
Country India
Categories Technology
Tags refractories market , refractories market size , refractories market share
Last Updated August 7, 2023