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Refractories: $26+ Billion Worldwide Markets to 2023 - ResearchAndMarkets.com

January 28, 2019

DUBLIN--(BUSINESS WIRE)--Jan 28, 2019--The “Refractories Market by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic & Neutral. Basic), End-Use Industry (Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global refractories market is estimated to be USD 23.3 billion in 2018 and is projected to reach USD 26.3 billion by 2023, at a CAGR of 2.5%.

The increase in demand from the iron & steel, glass, non-ferrous metals, and power generation industries fuel the refractories market. The increasing demand from APAC due to the growth of the construction and automotive industries is driving the refractories market growth. However, the downfall of the iron & steel industry in some areas can affect the refractories market.

Key Highlights

Iron & Steel is estimated to be the largest whereas glass is projected to be the fastest-growing end-use industry for refractories. Unshaped refractories is estimated to be the largest and projected to be the fastest-growing type by form. Acidic & neutral refractories are estimated to be the largest type of refractories by alkalinity. APAC is estimated to be the largest refractories market.

Market Dynamics

Drivers

Increase in Infrastructural Development in Emerging Countries High Growth Rate Witnessed By the Non-Metallic Minerals Industry Growing Demand for High-Grade Refractories From the Iron & Steel Industry

Restraints

Restrictions on the Use of Refractories Due to the Growing Environmental Concerns Monopoly of China Over Raw Material Supply

Opportunities

Recycling of Refractory Materials Consolidation of the Market

Challenges

Overdependence on the Iron & Steel Industry

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Refractories Market, By Form

7 Refractories Market, By Alkalinity

8 Refractories Market, By End-Use Industry

9 Refractories Market, By Region

10 Competitive Landscape

11 Company Profiles

Allied Minerals Products Almatis Alteo Holding Aluchem Cerco Chosun Refractories Coorstek Incorporated Corning Incorporated Harbisonwalker International IFGL Refractories Imerys Krosaki Harima Lhoist Liaoning Qinghua Refractories Co. Magnezit Group Minteq International Morgan Advanced Materials Puyang Refractories Group Refractechnik Holding Resco Products RHI Magnesita Ruitai Materials Technology Saint-Gobain Shinagawa Refractories Vesuvius Zhejiang Zili Advanced Materials

For more information about this report visit https://www.researchandmarkets.com/research/vkkvw3/refractories?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190128005344/en/

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Related Topics:Ceramics

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SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/28/2019 08:23 AM/DISC: 01/28/2019 08:23 AM

http://www.businesswire.com/news/home/20190128005344/en

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