Refractories Market Overview
The new Refractories market analysis from the international market intelligence company Maximise Market research shows the industry would expand productively over the forecast period through 2029.Since 2017, The Maximise Market Research has served 600 clients and more than 34 countries worldwide. The study uses a distinctive data source that is evaluated by specialists in the field to highlight the prevalent topics.
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Refractories Market size was valued at US$ 24.89 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.6%, reaching nearly US$ 31.88 Bn.
Market Scope
The market analysis is a crucial step in the detailed research of market size and competitive industry analysis. It encompassed product capacity, market value, and demand as well as marketing methods. SWOT and PESTEL analysis tools are utilised for such analytical data. the possible effects of outside variables on the market for Refractories. This research gives a thorough overview of the market for Refractories.
Segmentation
by Form
Unshaped Refractories
Shaped Refractories
Based on the Form, the market is segmented into Unshaped Refractories, and Shaped Refractories. The unshaped Refractories segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Unshaped refractories are increasingly replacing traditional refractories in applications that demand high-temperature resistance. Monolithic linings, also known as unshaped refractories, reduce batch delays and enable extensive repairs with minimal downtime. The unshaped refractory has a high purity, compactness, and gradation that is reasonable. It can be produced into a monolithic refractory, which is a continuous lining and structure.
by End-Use Industry Iron & Steel
Power Generation
Non-Ferrous metals
Cement
Glass
Others
Based on the End-Use Industry, the market is segmented into Iron & Steel, Power Generation, Non-Ferrous metals, Cement, Glass, and Others. The iron & Steel segment is expected to hold the largest market share of 65% by 2029. Internal linings of iron and steel furnaces, furnaces for heating steel before further processing, vessels for holding and transporting metal and slag, flues or stacks through which hot gases are conducted, and other applications are among the most common uses of refractories in the iron and steel industry.
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Key Players
1. Magnesita Refratarios S.A.
2. Saint-Gobain S.A
3. RHI AG
4. Shinagawa Refractories Co. Ltd
5. Krosaki Harima Corporation
6. Corning Incorporated
7. Vesuvius PLC
8. Harbisonwalker International (HWI) Inc.
9. Coorstek Incorporated
10. Morgan Advanced Materials PLC
11. Lhoist
12. Imerys SA
13. Puyang Refractories Group Co., Ltd.
14. Chosun Refractories Co., Ltd.
15. IFGL Refractories Ltd.
16. Resco Products, Inc.
Regional Analysis
Regional analysis is the study of location, area, and region that reveals market expansion. In conclusion, regional market study looks at growth rate, production upgrading, market value, and pricing rate.
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Table Of Content:
1. Global Refractories Market: Research Methodology
2. Global Refractories Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Refractories Market
2.2. Summary
2.1.1. Key Findings
2.1.2. Recommendations for Investors
2.1.3. Recommendations for Market Leaders
2.1.4. Recommendations for New Market Entry
3. Global Refractories Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• Latin America
3.12 COVID-19 Impact
Key Questions answered in the Refractories Market Report are:
- What is Refractories Market?
- What is the forecast period of the Refractories Market?
- What is the competitive scenario of the Refractories Market?
- Which region held the largest market share in the Refractories Market?
- What are the opportunities for the Refractories Market?
- What factors are affecting the Refractories Market growth?
- Who are the key players of the Refractories Market?
- Which company held the largest share in the Refractories Market?
- What will be the CAGR of the Refractories Market during the forecast period?
- What key trends are likely to emerge in the Refractories Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key
- trends
- Market Segmentation: A detailed analysis by Automotive Shock Absorber
- Landscape- Leading key players and other prominent key players.
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