Refractories Market Value 36 Billion USD by 2025

Refractories Market By Form Unshaped Refractories and Shaped Refractories , Refractory Mineral Zircon, Bauxite, Graphite, Alumina, Kaolin and Magnesia and Application Glass, Iron and Steel, Non-Ferrous Metals, Cement and Other Applications – Global Industry Analysis And Forecast To 2025

Industry Outlook

The refractories are also referred to as the refractory material is the material resistant to heat, i.e. the mineral which is resistant to the pressure, chemical, or heat attack. It most generally alludes to the mineral which holds the form and strength at high temperatures. These materials are utilized in the incinerators, ovens, reactors, and furnaces. They are likewise utilized to make moulds and crucibles for glass and metals casting and for the systems of surfacing fire deflector for the structures of rocket launch. Therefore, the Refractories Market is anticipated to expand and has tremendous scope during the forecast period. The global Refractories Market anticipated to flourish in the future by growing at a significantly higher CAGR.

Drivers and Restrains

By Type the market is segmented into Unshaped Refractories and Shaped Refractories. The Unshaped Refractories section is leading the market due to increasing utilization of these refractories in number of applications that need more resistance to temperature.

By Application the market is segmented into Zircon, Bauxite, Graphite, Alumina, Kaolin and Magnesia.

By End User the market is segmented into Glass, Iron and Steel, Non-Ferrous Metals, Cement and Other Applications. The Iron and Steel is the largest section dominating the market owing to wide range of applications for the insulation and lining for the furnaces operating at higher temperature.

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Regional Insights

The Asia Pacific region is leading the global Refractories Market owing to increasing demand for the glass, iron and steel products from the construction and automobile sector, easy availability of the raw materials, rising number of new manufacturing plants been set up and few other factors.

Refractories Market, By Region

North America

U.S.
Canada
Mexico

Europe

Germany
UK
France
Russia
Italy
Rest of Europe

Asia-Pacific

China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific

South America

Brazil
Argentina
Columbia
Rest of South America

Middle East and Africa

Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA

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Competitive Analysis

The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.

Refratechnik Holding GmbH
RHI AG
Calderys Refractories Limited
Saint-Gobain S.A.
Chosun Refractories ENG Co. Ltd.
Vesuvius Plc.
Krosaki Harima Corporation
Morgan Advanced Materials Plc.
Shinagawa Refractories Co. Ltd.

Some of the key questions answered by the report are:

What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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