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According to our (Global Info Research) latest study, the global Industrial Refractory Materials market size was valued at USD 43120 million in 2023 and is forecast to a readjusted size of USD 49570 million by 2030 with a CAGR of 2.0% during review period.
Refractories are heat-resistant materials that constitute the linings for high-temperature furnaces and reactors and other processing units. In addition to being resistant to thermal stress and other physical phenomena induced by heat, refractories must also withstand physical wear and corrosion by chemical agents. ASTM C71 defines refractories as "non-metallic materials having those chemical and physical properties that make them applicable for structures, or as components of systems, that are exposed to environments above 1,000 °F (811 K; 538 °C)".
Refractories are produced from natural and synthetic materials, usually nonmetallic, or combinations of compounds and minerals such as alumina, fireclays, bauxite, chromite, dolomite, magnesite, silicon carbide, zirconia, and others.
At present, the major manufacturers of Industrial Refractory Materials are concentrated in RHI AG, VESUVIUS, Magnesita, KROSAKI, SHINAGAWA, Imerys, HWI, MORGAN CRUCIBLE, SAINT-GOBAIN, Minteq, Resco, Qinghua, Puyang Refractory, Sinosteel, Lier, Jinlong and Sujia. RHI AG is the world leader, holding 3% production market share.
China is the largest consumption place, with a consumption market share nearly 47%. Following China, Europe is the second largest consumption place with the consumption market share of 16%.
In application, Industrial Refractory Materials downstream is wide and recently Industrial Refractory Materials has acquired increasing significance in various fields of Iron & Steel, Cement/Lime, Nonferrous Metals, Glass, Ceramics and Other Industries. Globally, the Industrial Refractory Materials market is mainly driven by growing demand for Iron & Steel which accounts for nearly 65% of total downstream consumption of Industrial Refractory Materials in global.
The Global Info Research report includes an overview of the development of the Industrial Refractory Materials industry chain, the market status of Iron & Steel (Shaped Industrial Refractory Materials, Unshaped Industrial Refractory Materials), Cement/Lime (Shaped Industrial Refractory Materials, Unshaped Industrial Refractory Materials), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Industrial Refractory Materials.
Regionally, the report analyzes the Industrial Refractory Materials markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Industrial Refractory Materials market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Industrial Refractory Materials market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Industrial Refractory Materials industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Shaped Industrial Refractory Materials, Unshaped Industrial Refractory Materials).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Industrial Refractory Materials market.
Regional Analysis: The report involves examining the Industrial Refractory Materials market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Industrial Refractory Materials market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Industrial Refractory Materials:
Company Analysis: Report covers individual Industrial Refractory Materials manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Industrial Refractory Materials This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Iron & Steel, Cement/Lime).
Technology Analysis: Report covers specific technologies relevant to Industrial Refractory Materials. It assesses the current state, advancements, and potential future developments in Industrial Refractory Materials areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Industrial Refractory Materials market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Industrial Refractory Materials market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Shaped Industrial Refractory Materials
- Unshaped Industrial Refractory Materials
Market segment by Application
- Iron & Steel
- Cement/Lime
- Nonferrous Metals
- Glass
- Ceramics
- Other
Major players covered
- RHI Magnesita
- VESUVIUS
- KROSAKI
- SHINAGAWA
- Imerys
- HWI
- MORGAN CRUCIBLE
- SAINT-GOBAIN
- Minteq
- Resco
- Qinghua
- Puyang Refractory
- Sinosteel
- Lier
- Jinlong
- Sujia
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Industrial Refractory Materials product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Industrial Refractory Materials, with price, sales, revenue and global market share of Industrial Refractory Materials from 2019 to 2024.
Chapter 3, the Industrial Refractory Materials competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Industrial Refractory Materials breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Industrial Refractory Materials market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Industrial Refractory Materials.
Chapter 14 and 15, to describe Industrial Refractory Materials sales channel, distributors, customers, research findings and conclusion.