Global Refractories Market Outlook 2023-2029: Competition Landscape, Market Segmentation, Forecast
Refractories Market Overview
A market research study on “Refractories Market” is available from Maximize industry Research, a global healthcare industry research company.An extensive overview of the market for biopharmaceutical CMOs and CROs is provided in the paper. The market size and growth rate are two major points of the report. The drivers, restraints, challenges, and opportunities for the growth of the Refractories market are included in the report’s insights.
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Refractories Market Report Scope and Research Methodology
Maximize Market Research conducts primary surveys with Refractories dealers, suppliers, and producers to gather data, verifying information through annual reports and reliable databases. The report offers a coherent view of the Refractories market, providing insights into industrial segments and strategic postures to aid clients in better planning investments and navigating market volatility. It also includes a list of ongoing development projects with potential impacts on the global Refractories market.
Refractories Market Dynamics
A significant amount of money has been invested in residential and commercial building, particularly in growing economies like China and India. With one of the quickest economies in the world, China's railroads and highways must continue to expand to accommodate the nation's enormous travel demand. This has also benefited the development of China's automobile sector. The accelerated pace of infrastructure development in these developing nations has led to a boom in the construction of homes and businesses, which is anticipated to raise demand for refractories in the cement and iron and steel industries.
During the production of refractory materials, toxic gases such as sulphur dioxide (SO2), nitrogen oxides (NOx), carbon monoxide (CO), carbon dioxide (CO2), fluorides, and volatile organic compounds (VOCs) are emitted. Processes include crushing, grinding, calcining, and drying release particulate matter (PM), whereas burning and tar and pitch operations emit gases and volatile organic compounds (VOCs).
The recycling of chrome-based refractories, which are extensively used in the iron and steel sectors, is supported by refractory waste disposal laws and regulations in the United States. Reliable and accurate refractory testing standards have been established in Europe through initiatives like ReStaR (Review and Improvement of Testing Standards for Refractory Products). Refractory material utilization is subject to environmental regulations and limitations that are
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Refractories Market Regional Insights
The comprehensive Regional Analysis in the report offers valuable insights into the Refractories market across various countries. Covering North America, Europe, Asia Pacific, South America, the Middle East, and Africa, the report provides a detailed examination of key factors such as drivers, restraints, opportunities, and challenges, contributing to a thorough understanding of the market dynamics in each region.
Refractories Market Segmentation
The market is divided into Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass, and Others based on the end-use industry. By 2029, the iron & steel segment is anticipated to have a 65% market share. Refractories are frequently used in the iron and steel industry for internal linings of furnaces, furnaces for heating steel before further processing, vessels for holding and transporting metal and slag, flues or stacks through which hot gases are conducted, and other applications.
The World Steel Association projects that by 2029, global steel demand would have increased by 1.7% to 1.81 million metric tonnes from the 1.76 million metric tonnes it was in 2022. This indicates the prognosis for demand on the global market, which is significant.
1 Global Refractories Market, by Alkalinity (2022-2029)
• Acidic & neutral
• Basic
2 Global Refractories Market, by Form (2022-2029)
• Unshaped Refractories
• Shaped Refractories
3 Global Refractories Market, by End-Use Industry (2022-2029)
• Iron & Steel
• Power Generation
• Non-Ferrous metals
• Cement
• Glass
• Others
4 Global Refractories Market, by Material (2022-2029)
• Graphite
• Magnesite
• Chromite
• Silica
• High Alumina
• Zirconia
• Other
Refractories Market Key Players
1. Magnesita Refratarios S.A.
2. Saint-Gobain S.A
3. RHI AG
4. Shinagawa Refractories Co. Ltd
5. Krosaki Harima Corporation
6. Corning Incorporated
7. Vesuvius PLC
8. Harbisonwalker International (HWI) Inc.
9. Coorstek Incorporated
10. Morgan Advanced Materials PLC
11. Lhoist
12. Imerys SA
13. Puyang Refractories Group Co., Ltd.
14. Chosun Refractories Co., Ltd.
15. IFGL Refractories Ltd.
16. Resco Products, Inc.
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Key questions answered in Refractories Market are:
What is Refractories ?
What are the global trends in the Refractories Market?
What was the Refractories Total Market size in 2023?
What is expected Refractories Market size by 2029?
Who held the largest market share in Refractories Market?
Who are the leading companies and what are their portfolios in Refractories Market?
What are the major challenges that the Refractories Industry could face in the future?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2023−2029
Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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