The latest report by IMARC Group, titled “Refractories Market Report by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic and Neutral, Basic), Manufacturing Process (Dry Press Process, Fused Cast, Hand Molded, Formed, Unformed), Composition (Clay-Based, Nonclay-Based), Refractory Mineral (Graphite, Magnesite, Chromite, Silica, High Alumina, Zirconia, and Others), Application (Iron and Steel, Cement, Non-Ferrous Metals, Glass, and Others), and Region 2024-2032“, The global refractories market size reached US$ 26.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
High-temperature resistant materials, known as refractories, are crafted from a diverse range of raw materials including silicon, calcium, magnesium, aluminum, zirconium, fireclays, chromite, dolomite, and bauxite. These materials possess a unique combination of properties, including the ability to withstand extreme heat, support heavy loads, and resist abrasive forces, while also exhibiting minimal thermal expansion. As a result, refractories play a critical role in the production of petrochemicals and gasoline refining, and are also extensively used in various industries worldwide, including iron and steel, glass and ceramics, cement, and power generation.
Refractories Market Trends and Drivers:
Currently, the surge in demand for refractories driven by rapid infrastructure expansion and the construction of residential and commercial properties is a key driver of market growth. The growing use of iron, steel, and glass in the automotive sector is also fueling market expansion. Moreover, the increasing use of refractory materials in glass manufacturing to provide thermal insulation in kilns and furnaces is providing a further boost to the market. Meanwhile, major industry players are investing in R&D efforts to develop advanced refractory metal powders that offer exceptional wear resistance and are ideal for producing high-performance components, thereby reinforcing market growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/refractories-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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