Refractories Market Report 2021, Size, Share, Growth, Analysis and Forecast to 2026

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Industry Research Report

According to the latest report by IMARC Group, titled, the global refractories market reached a value of US$ 25.4 Billion in 2020. Looking forward, the market is expected the global refractories market to exhibit moderate growth during 2021-2026.
 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
 

Refractories refer to the inorganic, non-metallic, porous, and heterogeneous materials equipped to resist high industrial temperature and pressure. Few refractory materials include fireclay, high alumina minerals, silica, magnesite, chromite, etc. They are used in boilers and furnaces to suppress heat and protect the processing equipment from high temperatures. They are available in various shapes and sizes that can be pressed or molded as per the requirements. Refractories are used across industries, including iron and steel manufacturing, energy, chemical, non-ferrous metals, glass, cement, and ceramics.
 

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Market Trends

The growing steel industry, along with the elevating infrastructure development, is augmenting the demand for refractory materials. These materials exhibit higher-temperature resistance than conventional ones, thereby positively influencing the market growth. The widespread adoption of unshaped refractories for several construction applications is also inflating the global market. Additionally, the high prevalence of recycling refractory materials for steel production is also augmenting the market growth. The growing popularity of refractories in various sectors, such as aerospace, automotive, medical, and electrical, is anticipated to drive the market.
 

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List of Key Companies Covered in this Market Report:

Chosun Refractories Eng Co. Ltd.

Compagnie de Saint-Gobain S.A.

Coorstek Inc.

Imerys Usa Inc.

Krosaki Harima Corporation

Morgan Advanced Materials Plc

Refratechnik Holding GmbH

RHI Magnesita GmbH

Vesuvius Plc
 

The report has segmented on the basis of form, alkalinity, manufacturing process, composition, refractory mineral and geography
 

Breakup by Form:

Shaped Refractories

Unshaped Refractories
 

Breakup by Alkalinity:

Acidic and Neutral

Basic
 

Breakup by Manufacturing Process:

Dry Press Process

Fused Cast

Hand Molded

Formed

Unformed
 

Breakup by Composition:

Clay-Based

Nonclay-Based
 

Breakup by Refractory Mineral:

Graphite

Magnesite

Chromite

Silica

High Alumina

Zirconia

Others
 

Breakup by Application:

Iron and Steel

Cement

Non-Ferrous Metals

Glass

Others
 

Breakup by Geography:

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East & Africa
 

Key highlights of the report:

Market Performance (2015-2020)

Market Outlook (2021- 2026)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
 

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