Refractories Market Latest Study On Segmentation Analysis, Leading Players & Industry Trends Forecast To 2027

The Global Refractories Market is estimated to reach USD 37.3 Billion by 2024 at a CAGR of 4.3 %.

Refractories are the material that possess ability to withstand extremely high temperature i.e. around 3000°C without degrading. The refractory materials encompass of ceramics, minerals, and some super alloys which are used in modern manufacturing. These materials have higher capacity to resist heat than that of metals and thus can be used in various industrial application. Apart from high resistance to thermal stress, these materials have high capability to withstand the physical wear and corrosion caused by chemical agents. Owing to high ability to withstand high temperature condition, it is widely used in furnaces, ovens, kilns, and jet and rocket engines.

Get Sample Copy of This Report @ https://www.forencisresearch.com/refractories-market-sample-pdf/

Refractories Market: Drivers & Restraints

Market Drivers:

  • Growing Demand from the Manufacturing Sector

The refractories play vital role in manufacturing sector, especially for production of glass, cement, and mineral processing, lime, etc. which can be further used for multiple application. The market growth is fueled by rising demand for temperature resistant, stiff, durable, cost effective materials to cater the booming manufacturing sector. The growing demand for various automotive vehicle, industrial equipment, cement, metals to carry out different purpose in anticipated to boost the market in the following years.

  • Soaring Demand for Metals and Cement

Cement industry and metal especially steel industry operates in close proximity in order to minimize the production cost and imports of the respective country. The growth of the refractories market is projected to grow at a substantial pace owing to soaring demand for metals and cement. According to World Steel Association, demand for steel worldwide is anticipated to grow by 1.7% in 2020.  The rising construction spending, increasing demand for residential apartments owing to ongoing urbanization is projected to gain promising market growth in the years to follow.

Market Restraints:

  • Strict Environmental Regulation

Stringent environmental regulation imposed on emission of Hazardous Air Pollution (HAP) is projected to hinder the growth of this market. For instance, U.S Environment Protection Agency (EPA) has imposed regulation to meet the HAP emission standards on the refractory products manufacturing in order to minimize the air pollution and promote public health. Some of hazardous air pollutant emitted through refractories includes ethylene glycol, formaldehyde, hydrogen fluoride, methanol, phenol, and polycyclic organic matter among others.

Refractories Market: Key Segments

  • Key Segments by Material: Alumina, Fireclays, Bauxite, Chromite, Dolomite, Magnesite, Silicon Carbide and Zirconia
  • Key Segments by Chemical Composition: Acid Refractories, Basic Refractories and Neutral Refractories
  • Key Segments by Application: Boilers, Furnaces, Kilns, Ovens and Others
  • Key Segments by End Use: Steel and Metal Industry, Energy Industry, Chemical Industry, Glass Industry, Cement Industry, Petrochemical Industry, Waste Management and Others
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Refractories Market: Report Scope

The report on the Refractories market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered

Request Report Methodology On Competition On Global Refractories Market Here @ https://www.forencisresearch.com/refractories-market-request-methodology/

List of the leading companies operating in the Refractories Market include:

  • RHI Magnesita N.V. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • HarbisonWalker International
  • Morgan Advanced Materials PLC
  • Magnesita Refratários S.A
  • Compagnie de Saint-Gobain S.A.
  • Vesuvius plc
  • Shinagawa Refractories Co., Ltd.
  • Imerys S.A
  • Corning Incorporated
  • Coorstek Incorporated

To Understand How COVID-19 Impact is Covered in This Report. Consult with an Analyst @ https://www.forencisresearch.com/refractories-market-consult-with-an-analyst/

Refractories Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Refractories Market, by Material

  • Alumina
  • Fireclays
  • Bauxite
  • Chromite
  • Dolomite
  • Magnesite
  • Silicon Carbide
  • Zirconia

Refractories Market, by Chemical Composition

  • Acid Refractories
  • Basic Refractories
  • Neutral Refractories

Refractories Market, by Application

  • Boilers
  • Furnaces
  • Kilns
  • Ovens
  • Others

Refractories Market, by End-Use

  • Steel and Metal Industry         
  • Energy Industry
  • Chemical Industry
  • Glass Industry
  • Cement Industry
  • Petrochemical Industry
  • Waste Management

Refractories Market by Region

·         Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)

·         North America (US, Canada, Mexico)

·         Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)

·         Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

·         South America (Brazil, Argentina, Rest of South America)

Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/refractories-market-consult-with-an-analyst/

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: sales@forencisresearch.com

For more market research insights, please visit https://www.forencisresearch.com