COVID-19 Impact on Global Magnesia Chrome Brick Market
As per the research conducted by GME on, the Global Magnesia Chrome Brick Market, it is estimated that this market will grow at a CAGR of 3.2% between 2020 and 2026. The high demand for magnesia chrome brick from the iron & steel industry remains the primary market booster for the growth. Growing urbanization and industrialization with emerging economies created lucrative opportunities for the magnesia chrome brick. Consistent demand from countries like China and India for the development of railways, roadways, and construction of resident & commercial buildings has increased the growth pace of the magnesia chrome brick market in the last few years. However, the recycling of refractory brick to a secondary material, refractory grogs requires the low quality of magnesia chrome brick. The demand for recycled products has been increasing as a matter of reduction in cost for the production for manufacturers and lucrative opportunities for the key market players.
Browse 197 Market Data Tables and 152 Figures spread through 251 Pages on "Global Magnesia Chrome Brick Market- Forecasts to 2026" https://www.globalmarketestimates.com/market-report/global-magnesia-chrome-brick-market-2367