Global
refractories market was valued at around $ 23 billion in 2018 and is projected to
cross $ 26 billion by 2024. The growth in the market is led by growing end use
industries which include iron & steel, glass, non-ferrous, and power
generation industries. Global refractories market is broadly segmented into
form, end-use industry and region. Based on form, the market is categorized
into shaped refractories and unshaped refractories, of which the latter is
anticipated to be the larger contributor to the market growth during forecast
period. The growth of unshaped refractories can be predominantly attributed to their
high demand in glass, cement and ceramic industries. Manufacturers prefer unshaped
refractories than shaped refractories. Based on alkalinity, the market is
segmented into acidic, neutral and basic. Of all, basic and acidic refractories
are expected to be the major segments of the market during forecast period. The
demand for acidic and basic is high owing to their substantial use in glass and
ceramic industries.
Based
on regions, the market has been segmented as North America, South America,
Europe, Asia Pacific and Middle East and Africa (MEA). Among these regions,
APAC is expected to be the largest market during forecast period on account of increasing
production and R&D facilities in the region. Moreover, India, China and
Japan are the major contributors to the growth of iron & steel, glass, and
non-ferrous metals industries in APAC. These industries are witnessing growth
owing to increasing per capita expenditure and growing urbanization. This is
further expected to create demand for refractories in the region.
Some
of the leading companies operating in global refractories market are RHI
Magnesita, Vesuvius, Krosaki Harima, Shinagawa Refractories, Saint-Gobain,
Corning Incorporated, Morgan Advanced Materials, Coorstek Incorporated,
Harbisonwalker International, Imerys, among others.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of refractories
market.
- To forecast global refractories market based on form, alkalinity,
end-user and regional distribution.
- To identify drivers and challenges for global refractories
market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
refractories market.
- To conduct pricing analysis for global refractories
market.
- To identify and analyze the profile of leading
players involved in the manufacturing of refractories.
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Some of the leading players in the
global refractories market are RHI Magnesita, Vesuvius, Krosaki Harima,
Shinagawa Refractories, Saint-Gobain, Corning Incorporated, Morgan Advanced
Materials, Coorstek Incorporated, Harbisonwalker International, Imerys, among
others.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of leading manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the service offerings,
distribution channels and presence of all major players operating in global refractories market.
TechSci Research calculated the market
size of refractories using a top-down approach, wherein data
for various end user segments was recorded and forecasted for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases, company
annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target
Audience:
- Refractories manufacturers
and suppliers
- Government and other
regulatory bodies
- Research institutes and organizations
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers and partners, end users, etc., besides allowing them to strategize
investments and capitalize on market opportunities.
Report Scope:
In this report, global refractories
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, by Form:
- Shaped Refractories
- Unshaped Refractories
- Market, by Alkalinity:
- Market, by End User:
- Power Generation
- Iron & Steel
- Non-Ferrous Metals
- Cement
- Glass
- Others
- Market, by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in global refractories market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct
and indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
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be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com