Global Refractories Market Outlook 2023-2029: Production Trends, Consumption Patterns and Regional Demand
The Report Refractories Market by Alkalinity (Acidic & neutral, Basic) ,by Form (Unshaped Refractories, Shaped Refractories) ,by Material (Graphite, Magnesite, Chromite, Silica,High Alumina , Zirconia, Other) And by End-Use Industry (Iron & Steel, Power Generation, Non-Ferrous metals, Cement, Glass, Others ) Global Industry Analysis and Forecast (2023-2029)
Request Sample For Detail Info: https://t.ly/QlG8E
The worldwide Refractories Market, which achieved a valuation of US$ 30.36 billion in 2022, is expected to undergo consistent growth, with a projected Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period. The market report presents a comprehensive analysis of the dynamics, trends, and factors driving this growth.
Please connect with our representative, who will ensure you to get a report sample here
Based on the Form The market is divided into Unshaped and Shaped Refractories based on the Form. During the projection period of 2023-2029, the unshaped Refractories sector is anticipated to expand significantly at a high CAGR. In applications that require high-temperature resistance, unshaped refractories are progressively taking the place of conventional refractories. Monolithic linings, commonly referred to as unshaped refractories, save downtime and cut down on batch delays. The unshaped refractory has a good gradation, excellent purity, and compactness. A monolithic refractory, which is a continuous lining and structure, can be made from it..
Based on the End-Use Industry 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 sector is anticipated to hold a 65% market share for refractories. 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 reach 1.81 million metric tonnes from 1.76 million metric tonnes in 2022. This indicates the prognosis for demand on the global market, which is significant.
Asia Pacific region is positioned as a frontrunner in the Refractories Market
The Asia Pacific region is poised to dominate the refractories market, attributed to China's economic growth and demand for construction materials. China leads the consumption and production of refractories due to local raw material availability. The construction industry in China experienced significant growth, contributing to the country's position as a global construction market leader.
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report: https://t.ly/L9Al2
Refractories Market Key Players:
1. RHI Magnesita 2. Saint-Gobain S.A 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 12. Imerys SA 13. Puyang Refractories Group Co., Ltd. 14. Chosun Refractories Co., Ltd. 15. IFGL Refractories Ltd. 16. Resco Products, Inc.
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
444 West Lake Street, Floor 17, Chicago, IL, 60606, USA.
+1 800 507 4489 +91 9607365656