Dry Ramming Mass Market by Type (Alumina Ramming Mass, Silica Ramming Mass, Magnesia Based Ramming Mass), Application (Foundries, Steel, Electric Arc Furnace, Blast Furnace, Non-Steel), Function, and Region - Global Forecast to 2028
The dry ramming mass market is projected to reach USD 3.2 billion by 2028, at a CAGR of 6.8% from USD 2.3 billion in 2023. The market is mainly led by the significant usage of dry ramming mass in various end-use industries. The growing demand for energy-efficient refractory linings dry ramming mass can be formulated to have improved thermal conductivity and insulation properties, which can help to reduce energy consumption in industrial processes.
Attractive Opportunities in the Dry Ramming Mass Market
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Market Dynamics
Driver: Increasing Demand for Refractory Materials in Various Industrial Applications.
Refractory materials are essential components of various industrial processes, particularly in high-temperature environments. They play a crucial role in lining furnaces, ladles, and other industrial vessels, protecting them from extreme temperatures, chemical corrosion, and physical wear and tear. Dry ramming mass is a type of pre-mixed refractory material that has gained widespread popularity due to its ease of application, reduced curing time, and improved performance compared to traditional refractory lining methods. Moreover, dry ramming mass is a versatile refractory material that finds extensive applications in the power generation industry. Its ease of application, reduced curing time, and superior thermal properties make it an ideal choice for lining furnaces and boilers in power plants. By effectively lining these critical components, dry ramming mass plays a crucial role in ensuring efficient energy generation, reducing heat loss, and prolonging the lifespan of these vital equipment.
Restraint: initial investments are too high thus prohibiting the new entrants in the market
One restraining factor for the dry ramming mass market globally is the potential for high upfront costs. Dry ramming mass is a pre-mixed material that is often more expensive than traditional refractory materials, such as castable refractories or preformed bricks. The initial investment in dry ramming mass, including the cost of the material, application equipment, and labor, can be significant for some industries or applications. This can be a barrier to entry for some companies, particularly those with smaller budgets or tight cash flow. However, the long-term cost savings associated with dry ramming mass can offset the initial upfront costs. Dry ramming mass has a faster curing time, which means that furnaces and boilers can be put back into operation more quickly, reducing downtime and lost productivity. Additionally, dry ramming mass is often more durable than traditional refractory materials, which can reduce the need for frequent repairs and replacements.
Opportunity: Growing Awareness of the Environmental Benefits of Dry Ramming Mass
As environmental consciousness and regulations intensify, industries are increasingly seeking sustainable refractory solutions. Dry ramming mass offers several environmental advantages over traditional refractory materials, making it an environmentally friendly choice. These benefits include reduced emissions, less waste generation, the use of recycled materials, and improved energy efficiency. The growing awareness of these benefits is further driving the demand for dry ramming mass in various industries.
Challenge: High upfront costs
One potential constraint to the growth of the dry ramming mass market is the initial high costs associated with its adoption. Dry ramming mass is a pre-mixed material, which often necessitates a higher upfront investment compared to traditional refractory materials, such as castable refractories or preformed bricks. The initial cost can encompass the material itself, application equipment, and labor expenses. This can pose a barrier to entry for certain industries or applications, particularly those with limited budgets or tight cash flow.
Despite the initial investment, the long-term cost savings associated with dry ramming mass can outweigh the upfront costs. Dry ramming mass's faster curing time translates to quicker furnace and boiler operation, minimizing downtime and productivity losses. Furthermore, dry ramming mass often exhibits greater durability than traditional refractory materials, reducing the frequency of repairs and replacements.
Market Ecosystem
The market ecosystem for dry ramming mass is composed of a diverse array of entities and stakeholders that collectively contribute to the development, implementation, and advancement of dry ramming mass materials. At the core of this ecosystem are material providers who focus on research, development, and manufacturing of dry ramming mass. They continuously innovate and produce novel materials and their applications to meet the evolving demands of the market.
Saint-Gobain (France), Dense Refractories Co., Ltd. (China), Imperial World Trade Private Limited (India), Vishva Vishal Refractory Limited (India), Refcast Corporation (India), Henan Xinmi Changxing Refractory Material Co., Ltd. (China), Casco Specialty Products, Inc.(US), Gita Refractories Private Limited (India), Shenghe Refractories (China), RHI Magnesita N.V. (Austria) etc.
Dry Ramming Mass Market: Ecosystem
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
"Steel is the largest sub-segment amongst the application segment in the dry ramming mass market in 2023, in terms of value."
Steel is the predominant application segment for dry ramming mass due to its indispensable role in steelmaking processes. Dry ramming mass, a refractory material, is essential for lining furnaces and converters in steel production. It withstands extreme temperatures, thermal shocks, and corrosive environments, ensuring the longevity and efficiency of refractory linings. The demand for steel globally drives the need for high-quality refractories like dry ramming mass, as it is crucial for maintaining the integrity of steelmaking equipment. The material's ability to resist heat and chemical wear makes it an ideal choice for lining applications in steel production, emphasizing its significance in the industry.
“Lining accounted for the largest function share of the dry ramming mass market in 2023” in terms of value.
Lining is the largest segment among the functions of dry ramming mass in the global market due to a combination of factors that make it an indispensable material for various industrial applications. Dry ramming mass is a versatile and pre-mixed refractory material that is extensively used to line furnaces, ladles, boilers, containment vessels, and other critical equipment in various industries, including steelmaking, power generation, cement manufacturing, and petrochemical production. Additionally, dry ramming mass has a relatively fast curing time compared to traditional refractory materials, allowing furnaces and boilers to be put back into operation quickly, minimizing production interruptions.
"Asia pacific is the largest market for dry ramming mass Market in 2023, in terms of value."
Asia Pacific is the largest market for dry ramming mass globally due to its rapid industrialization, high demand for infrastructure development, growing adoption of energy-efficient refractory materials, a large steelmaking industry, an expanding foundry industry, and increasing awareness of environmental benefits. These factors have led to a surge in demand for dry ramming mass in the region, particularly in countries like China, India, and South Korea. The Asia Pacific region is expected to maintain its dominance in the dry ramming mass market in the coming years as industries continue to seek efficient, durable, and environmentally friendly refractory solutions.
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Key Market Players
The key players in this market are Saint-Gobain (France), Dense Refractories Co., Ltd. (China), Imperial World Trade Private Limited (India), Vishva Vishal Refractory Limited (India), Refcast Corporation (India), Henan Xinmi Changxing Refractory Material Co., Ltd. (China), Casco Specialty Products, Inc.(US), Gita Refractories Private Limited (India), Shenghe Refractories (China), RHI Magnesita N.V. (Austria) etc. Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of dry ramming mass have opted for new product launches to sustain their market position.
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Report Metric |
Details |
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Years considered for the study |
2023-2028 |
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Base Year |
2022 |
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Forecast period |
2023–2028 |
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Units considered |
Value (USD Billion/Million) |
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Segments |
Type, Application, Function and Region |
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Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies |
Saint-Gobain (France), Dense Refractories Co., Ltd. (China), Imperial World Trade Private Limited (India), Vishva Vishal Refractory Limited (India), Refcast Corporation (India), Henan Xinmi Changxing Refractory Material Co., Ltd. (China), Casco Specialty Products, Inc.(US), Gita Refractories Private Limited (India), Shenghe Refractories (China), RHI Magnesita N.V. (Austria). |
Segmentation
This report categorizes the global Dry ramming mass market based on type, application, function and region.
On the basis of type the market has been segmented as follows:
- Alumina ramming mass
- Silica ramming mass
- Magnesia based ramming mass
- Others
On the basis of application, the market has been segmented as follows:
- Foundries
- Blast furnace
- Electric arc furnace
- Steel
- Non steel
- Others
On the basis of function, the market has been segmented as follows:
- Lining
- Repairing
- Patching
- Others
On the basis of region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Recent Developments
- In 2022, Saint-Gobain, a global leader in building materials and construction solutions, announced a collaboration with Imerys to develop next-generation refractory materials, including dry ramming mass, for the steelmaking industry. This collaboration aims to leverage the expertise of both companies to develop innovative and sustainable refractory solutions.
- In 2022, Imerys, a global leader in mineral-based solutions, acquired Kerneos, a French manufacturer of refractory products, including dry ramming mass. This acquisition strengthened Imerys' position in the refractory market and expanded its product portfolio to include a wider range of dry ramming mass solutions.
- In 2020, Harbison-Walker International, a leading global provider of refractory products, merged with Morando, an Italian manufacturer of refractory materials, including dry ramming mass. This merger created a global refractory powerhouse with a strong presence in the European market and a wider range of dry ramming mass solutions.
- In 2019, Plibrico, a North American manufacturer of refractory products, merged with Vesuvius, a global provider of refractory and high-performance materials. This merger created a global refractory leader with a strong presence in the North American market and a wider range of dry ramming mass solutions.
Frequently Asked Questions (FAQ):
What is the expected growth rate of the dry ramming mass market?
This study's forecast period for the dry ramming mass market is 2023-2028. The market is expected to grow at a CAGR of 6.8% in terms of value, during the forecast period.
Who are the major key players in the dry ramming mass market?
Saint-Gobain (France), Dense Refractories Co., Ltd. (China), Imperial World Trade Private Limited (India), Vishva Vishal Refractory Limited (India), Refcast Corporation (India), Henan Xinmi Changxing Refractory Material Co., Ltd. (China), Casco Specialty Products, Inc.(US), Gita Refractories Private Limited (India), Shenghe Refractories (China), RHI Magnesita N.V. (Austria) etc. are the leading manufacturers and service provider of dry ramming mass market.
What are the emerging trends in the Dry ramming mass market?
Increasing environmental concerns have driven the demand for sustainable solutions across industries. In the dry ramming mass market, there has been a growing interest in eco-friendly materials that minimize the environmental impact of thermal heat.
What are the drivers and opportunities for the dry ramming mass market?
The Increasing demand for advanced technologies in the dry ramming mass drives the dry ramming mass market. The growing linings and repairing sector presents significant opportunities for the utilization and advancement of dry ramming mass.
What are the restraining factors in the dry ramming mass market?
The introduction of competitive products serves as restraint to the widespread adoption and implementation of dry ramming mass. .
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The study involved four major activities in estimating the market size of the Dry ramming mass market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, articles from recognized authors, the gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, the monetary chain of the market, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The Dry ramming mass market comprises several stakeholders in the value chain, which include input suppliers, equipment manufacturers, technology providers, service providers, distribution and logistics, and end users. Various primary sources from the supply and demand sides of the Dry ramming mass market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the Polyurethane catalyst industry.
Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of Polyurethane Catalystand the outlook of their business, which will affect the overall market.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021, available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
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Company name |
Designation |
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Saint-Gobain |
Individual Industry Expert |
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Dense Refractories Co., Ltd. |
Sales Manager |
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Imperial World Trade Pvt Ltd. |
Manager |
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Vishva Vishal Refractory Limited |
Marketing Manager |
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Refcast Corporation |
Senior Scientist |
Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the Dry ramming mass market.
- The key players in the industry have been identified through extensive secondary research.
- The industry's supply chain has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Dry Ramming Mass Market: Bottum-Up Approach
Note: All the shares are based on the global market size.
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
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Dry Ramming Mass Market: Top-Down Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Market Definition
The global dry ramming mass market is a thriving industry fueled by the escalating demand for refractory materials across various industrial applications. Dry ramming mass, a pre-mixed refractory material, is extensively utilized in lining furnaces, ladles, and other industrial vessels to withstand extreme temperatures and corrosive environments. The market features a multitude of regional and global players, each offering a diverse range of dry ramming mass products. Geographically, the Asia-Pacific region dominates the global dry ramming mass market, followed by Europe and North America. Asia-Pacific is the largest regional market, fueled by the rapid industrialization and urbanization in the region. China and India are the major contributors to the growth of the dry ramming mass market in Asia-Pacific. Europe holds the second-largest market share, with a strong presence of global and regional players. North America is a mature market but is witnessing steady growth due to the increasing demand for energy-efficient refractory materials.
Key Stakeholders
- Raw material suppliers.
- Dry ramming mass manufacturers.
- Dry ramming mass traders, distributors, and suppliers.
- End-use industry participants.
- Government and research organizations.
- Associations and industrial bodies.
- Research and consulting firms.
- Research & development (R&D) institutions.
- Environmental support agencies.
Report Objectives
- To define, describe, and forecast the size of the Dry ramming mass market, in terms of value and volume.
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To estimate and forecast the market size based on function, type, application and region.
- To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries.
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
- To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
- To strategically profile key market players and comprehensively analyze their core competencies.
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players
Growth opportunities and latent adjacency in Dry Ramming Mass Market