• Blog
  • Refractories Market Report

    Refractories Market Report

    Refractories Market Report
    Report code - SRAM535 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Refractories Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-202 See more...

    Impact of COVID-19 on Refractories Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Refractories Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Refractories Market Insights

    Refractories Market is likely to witness an impressive CAGR of 4.2% during the forecast period. Growing product demand from aerospace, automotive, electrical, glass, cement industries, growth in iron and steel industry, and rising demand for more energy efficient techniques in steel making are some of the major factors boosting the growth of the refractories market during the forecast period.

    Refractories Market - Snapshot

    Growth

    4.2% for the next five years

    Major Form Type

    Bricks & Shapes

    Major Composition Type

    Clay-based

    Largest Type

    Neutral

    Dominant Manufacturing Process

    Fused Cast

    Fastest End-User Type

    Iron & Steel

    Region with the highest demand

    North America

    Key Players

    Chosun Refractories, CoorsTek Incorporated, HarbisonWalker International, Inc., Imerys S.A., Krosaki Harima Corporation, Morgan Advanced Materials, RHI Magnesita N.V., Saint-Gobain, Shinagawa Refractories Co., Ltd., and Vesuvius PLC.

     

    Market Share Analysis

    Refractories-Market-Dominant-Segments

    Wish to Get a Free Sample? Register Here

    Refractories Market Share: By Form Type

    Based on the form type, the market is segmented as bricks & shapes, monolithic, and others. Bricks & shapes are estimated to hold the major share of the market during the forecast period. These refractories are also known as performed refractories and are utilized for forming floor tiles, aches and walls of various extreme temperature process equipment. The shape and production of refractories depends primarily on the size and structure of furnaces or other services where the utilization of refractories products can be done. Apart from iron blast furnace, other lining works are composed of standard refractories already available in the market as only iron blast furnace requires refractories brick of varied shapes and sizes.

    Refractories Market Share: By Composition Type

    Based on the composition type, the market is segmented as clay-based and nonclay-based. The clay-based refractories segment is estimated to account for the major share of the market during the forecast period.  This clay-based refractory includes mullite ceramics, fire clays, etc. and are generally produced as monolithic, preformed bricks, and are also helpful in developing light weight refractories in the form of blankets, fiberboards, and vacuum cast shapes.

    Refractories Market Share: By Type

    Based on the type, the market is segmented as acidic, basic, and neutral. Neutral type segment is anticipated to hold the largest share of the market during the forecast period as these refractories cannot be attacked by acid or basic slags and hence, this is the most preferred type of product. This refractory includes graphite, zirconium carbide, chromite, silicon carbides, etc.

    Refractories Market Share: By Manufacturing Process Type

    Based on the manufacturing process type, the market is segmented as dry press process, fused cast, hand molded, formed, and unformed. Fused cast manufacturing process type is estimated to account for the major share of the market during the forecast period. The raw materials required for refractories in each manufacturing process are oxidized before melting by treating it with heat, so as to minimize the oxygen content needed for oxidizing molten refractories.

    Refractories Market Share: By End-User Type

    Based on the end-user type, the market is segmented as iron & steel, non-metallic materials, non-ferrous metals, and others. Iron & steel segment is projected to witness significant growth rate in the market during the forecast period. This refractory needs refractories to be used for various applications such as blast furnaces, process gas heaters, basic oxygen making steel vessels, troughs, electric arc furnace, and torpedo ladles. Further, China has well developed iron and steel market, representing as an important factor fueling the refractories production in the country which is having a positive impact on the overall market during the forecast period.

    Refractories Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing region in the market owing to growing production and research and development centers with China, Japan, and India being the major countries as the leading contributors in iron & steel, non-ferrous and glass industries during the forecast period. Factors such as growing industries owing to increasing per capita expenditure of the population and increase in urbanization are the major factors fueling the regional market growth over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Refractories-Market-By-Region

    Know which region offers best growth opportunities. Register Here

    Some of the key players in the refractories market are-

    • Chosun Refractories
    • CoorsTek Incorporated
    • HarbisonWalker International, Inc.
    • Imerys S.A.
    • Krosaki Harima Corporation
    • Morgan Advanced Materials
    • RHI Magnesita N.V.
    • Saint-Gobain
    • Shinagawa Refractories Co., Ltd.
    • Vesuvius PLC.

     

    Market Scope & Segmentation

    Refractories are materials which are resistant to decomposition by heat, pressure, or chemical attack and have high melting point, capable of maintaining structural properties at very high temperature. These are inorganic, porous, non-metallic, and heterogeneous, and are available in various forms such as bricks & shapes, monolithic, and others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Refractories Market Research Report - Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The refractories market is segmented into the following categories. 

    Refractories Market Size, Share, & Forecast, by Form Type:

    • Bricks & Shapes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Monolithic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Refractories Market Size, Share, & Forecast, by Composition Type:

    • Clay-based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nonclay-based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) 

    Refractories Market Size, Share, & Forecast, by Type:

    • Acidic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Basic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Neutral (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Refractories Market Size, Share, & Forecast, by Manufacturing Process Type:

    • Dry Press Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fused Cast (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hand Molded (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Formed (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Unformed (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Refractories Market Size, Share, & Forecast, by End-User Type:

    • Iron & Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-metallic Materials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-ferrous Metals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Refractories Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the form types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The refractories market is expected to witness an impressive growth of 4.2% CAGR in the foreseeable future.

    Chosun Refractories, CoorsTek Incorporated, HarbisonWalker International, Inc., Imerys S.A., Krosaki Harima Corporation, Morgan Advanced Materials, RHI Magnesita N.V., Saint-Gobain, Shinagawa Refractories Co., Ltd., and Vesuvius PLC are among the key players in the refractories market.

    Asia-pacific is expected to be the largest refractories market during the next five years.

    Iron & steel segment is expected to witness significant growth rate in the refractories market in the coming years.

    •   

      Why are We Class Apart?

      Advanced Materials Offer Next Growth Wave

      We Specialize in Composites & other Materials Market Research

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across the Value Chain

      Track the Latest Trends in Advanced Materials

      Know High Growth Opportunities