Refractories Market Size, Growth and Analysis Report – Global Forecast to 2028 – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD) – The “size, growth and analysis of the refractory market, by chemical composition (basic, acidic and neutral), by shape (bricks and shapes, monolithic and others), by vertical sector (metallurgy, energy and products) chemicals, glass and Ceramics and cement) and by region, global forecast to 2028 “has been added to ResearchAndMarkets.com offer.
The global refractory market size is expected to reach USD 31.77 billion in 2028 and register a CAGR of 3.1%.
The growing preference for more energy efficient approaches in steel production is a key driver of market revenue growth. Growing emphasis on research and development of manufacturing processes to reduce VOC emissions. Growing adoption of refractories in various rapidly growing industries including iron and steel, glass, aerospace, automotive, cement, etc. worldwide.
However, the refractory manufacturing process results in the emission of particulate matter (PM), as well as various hazardous gases, including nitrogen oxides, sulfur dioxide, carbon monoxide and carbon dioxide, fluorides, etc., which could restrict the adoption of refractories by end users, and hamper the market growth to some extent.
The main players operating in the global market invest in the R&D of innovative and profitable products to stay one step ahead of the competition. In addition, companies engage in strategic activities such as mergers and acquisitions, product developments, partnerships, business expansions to expand customer base and generate higher revenue.
Some key findings from the report:
Among the chemistry segments, the basic type segment accounted for a substantially large revenue share in 2020. The acidic segment is expected to register a robust revenue CAGR during the forecast period.
Among the shape segments, the monolithic segment is expected to register the highest revenue growth rate during the forecast period, owing to the increasing consumption of monolithic products compared to other conventional brick products due to the various advantages offered by the products, such as excellent chipping tendency, volume stability, elimination of joints, easy transport and handling, and no requirement for skilled labor.
The refractory market in Asia-Pacific accounted for a significant share of the revenue in 2020, owing to the increasing consumption of refractories in various industries, including power and utilities, steel, cement, glass, etc. , in the countries of the region.
The North American market is expected to register a robust revenue CAGR during the forecast period. The European market accounted for a considerable share of the revenue and is expected to register a relatively stable revenue growth rate during the forecast period.
Main topics covered:
Chapter 1. Market synopsis
Chapter 2. Executive summary
Chapter 3. Indicative measures
Chapter 4. Refractory segmentation and impact analysis
4.1. Segmentation analysis of refractory materials
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market driver analysis
184.108.40.206. Growing demand for steel refractories
220.127.116.11. Growing demand for refractories in cement production
18.104.22.168. Rapid growth of infrastructure in developing countries
4.2.3. Analysis of market constraints
22.214.171.124. Strict laws regarding environmental concerns
4.3. Technological insights
4.4. Regulatory framework
4.5. ETOP analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive metric space analysis
4.8. Price trend analysis
Chapter 5. Refractories Market by Chemical Composition Overview and Trends
5.1. Chemical composition dynamics and market share, 2021 and 2028
Chapter 6. Refractory Market by Shape Insights and Trends
6.1. Forms dynamics and market share, 2021 and 2028
6.2. Bricks and shapes
6.3. Monolithics and others
Chapter 7. Refractories Market by Industry Industry Outlooks and Trends
7.1. Industry vertical dynamics and market share, 2021 and 2028
7.3. Energy and chemicals
7.4. Glass & Ceramics
Chapter 8. Regional Outlook of the Refractories Market
Chapter 9. Competitive landscape
Chapter 10. Company Profiles
Krosaki Harima Company
RHI Magnesita GmbH
Calderys Refractories Limited.
For more information on this report, visit https://www.researchandmarkets.com/r/cibus9