Global Refractories Market is expected to reach $34.63 billion by 2027 growing at a CAGR of 4.3% during 2018 to 2027.

Some of the key players in global Refractories market are Vesuvius, Harbisonwalker International, Saint-Gobain, Shinagawa Refractories, Chosun Refractories Co. Ltd, Harbisonwalker International, IFGL Refractories Ltd, Minerals Technologies Inc. and Magnezit Group.

Gaithersburg, Maryland, United States – September 9, 2019 /MarketersMedia/ —

Factors such as the increase in infrastructural development in emerging countries, growing demand for high-grade refractories from the iron & steel industry and an increase in the production of non-ferrous materials are fuelling the market growth. However, environmental concerns and health and safety issues are hampering the market.

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Refractories or refractory materials are resistant to high temperatures which are used in making moulds or crucibles. They are produced from natural and synthetic materials, generally non-metallic, or combinations of compounds and minerals. These materials must be chemically and physically stable at high temperatures.

Amongst form, the growth of the Unshaped Refractories segment is mainly attributed to the demand from the cement, glass, and ceramic industries. Unshaped refractories are mostly preferred by manufacturers than shaped refractories. These are widely used by manufacturers as the unshaped refractories are easy to use and have applications in various end-use industries.

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By Geography, APAC is likely to have a huge demand due to increasing production and R&D facilities in this region. China, India, and Japan are the major contributors to the growth of iron & steel, glass, and non-ferrous metals industries in the region. These industries are witnessing growth owing to the increasing per capita expenditure and growing urbanization.

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Alkalinities Covered:
• Basic Refractories
• Acidic & Neutral Refractories

Manufacturing Processes Covered:
• Fused Cast
• Formed
• Dry Press Process
• Hand Moulded
• Unformed

Forms Covered:
• Unshaped Refractories
• Shaped Refractories
• Monolithic
• Bricks
• Other Forms

Compositions Covered:
• Nonclay-Based
• Clay-Based

End Users Covered:
• Power Generation
• Cement & Lime
• Iron & Steel
• Glass
• Non-Ferrous Metal
• Energy & Chemicals
• Non-Metallic Materials
• Ceramic
• Chemical Manufacturing Plants
• Petrochemical Refineries
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-refractories-market-is-expected-to-reach-3463-billion-by-2027-growing-at-a-cagr-of-43-during-2018-to-2027/88916828

Source: MarketersMedia

Release ID: 88916828

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