Refractories Market

Refractories Market by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic & Neutral. Basic), End-Use Industry (Iron & Steel, Non-Ferrous Metals, Cement, Power Generation, Glass), and Region - Global Forecast to 2029

Report Code: CH 3973 May, 2024, by marketsandmarkets.com

The global refractories market size is projected to grow from USD 34.3 billion in 2024 to USD 42.4 billion by 2029, at a CAGR of 4.4% during the forecast period.

The refractories market encompasses a diverse range of materials crucial for withstanding high temperatures and harsh operating conditions in various industrial processes. These specialized materials find widespread applications in industries such as steelmaking, cement manufacturing, glass production, petrochemicals, and more. With the global industrial sector continuously evolving and expanding, the demand for refractories remains strong. Factors driving this demand include infrastructure development projects, increasing urbanization, technological advancements, and growing emphasis on energy efficiency and sustainability. However, the market also faces challenges such as raw material price volatility, supply chain disruptions, and environmental regulations. To navigate these challenges and capitalize on opportunities, refractories manufacturers are investing in research and development to innovate new products, optimize manufacturing processes, and expand their global presence. Overall, the refractories market plays a vital role in supporting industrial operations worldwide, ensuring the efficiency, reliability, and longevity of critical equipment and processes.

Attractive Opportunities in the Refractories Market

Refractories Market

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Refractories Market

Refractories Market Dynamics

Driver: Increasing infrastructure investments worldwide

Increasing infrastructure investments worldwide are catalysts for driving demand in key end-use industries of refractories such as iron and steel, glass, and cement. As governments and private sectors allocate funds towards infrastructure projects like roads, bridges, and buildings, there's a subsequent surge in the need for iron and steel for structural frameworks, glass for facades and windows, and cement for construction materials. These industries heavily rely on refractories to withstand the high temperatures and harsh conditions involved in their manufacturing processes. Consequently, the robust growth in infrastructure investments directly translates into heightened demand for refractories, as these materials play a critical role in ensuring the efficiency and longevity of industrial equipment. This symbiotic relationship between infrastructure investment and refractories market growth underscores the pivotal role played by the construction sector in driving demand for refractory products and driving the expansion of the market.

Restraint: China's monopoly over raw materials

A significant restraint in the refractories market is the dominance of China in the supply of key raw materials. China holds a significant share of global production and reserves for minerals, oxides, and metals essential in refractory manufacturing. This dominance can lead to market distortions, monopolistic pricing, and supply chain vulnerabilities. As a result, refractory manufacturers outside of China may face challenges in accessing raw materials at competitive prices and securing a stable supply. Dependence on China for critical raw materials also increases the risk of supply disruptions, particularly in times of geopolitical tensions or trade disputes.

Opportunity: Recycling of refractories

Recycling refractories emerges as a promising market avenue driven by environmental consciousness and economic advantages. As these materials reach the end of their lifespan in industrial settings, traditional disposal methods entail significant costs and environmental burdens. However, recycling offers a sustainable solution by repurposing spent refractories, curbing waste, and conserving raw materials. Moreover, recycling initiatives can yield valuable secondary resources, promoting a circular economy model. With increasing emphasis on sustainability across industries, refractories recycling presents a compelling opportunity for market growth and innovation within the sector.

Challenge: Fluctuations in raw material prices

A key challenge in the refractories market is the instability of raw material prices. The production of refractories relies heavily on minerals, oxides, and metals, whose prices can fluctuate due to factors like supply chain disruptions and changes in global demand. These fluctuations pose challenges for manufacturers, impacting production costs and pricing for customers. To address this, companies implement strategies such as strategic sourcing and price hedging. However, the unpredictability of raw material costs remains a persistent challenge requiring ongoing management and adaptation within the industry.

ECOSYSTEM

Refractories Market Ecosystem

By Alkalinity, Acidic & Neutral segment have the highest market share in the forecast period.

The dominance of the Acidic & Neutral refractories segment in the market can be attributed to several key factors. Acidic & Neutral refractories, comprising materials such as silica (SiO2) and alumina (Al2O3), offer excellent resistance to acidic and basic slags, making them versatile options for various industrial applications. These refractories are widely utilized in industries such as glassmaking, ceramics, and cement manufacturing, where they encounter harsh chemical environments.

By Form, Shaped refractories have the highest market share in the forecast period.

Shaped refractories maintain a dominant position in the market compared to their unshaped counterparts due to their versatility and suitability for a wide range of industrial applications. These pre-formed refractory products, including bricks, tiles, and special shapes, offer structural integrity and precise fitting, making them ideal for lining furnaces, kilns, and other equipment with standardized shapes. Shaped refractories provide ease of installation, consistency in performance, and durability in high-temperature environments.

By end-use industry, the Iron & Steel segment projected to dominate the market in the forecast period.

The Iron & Steel segment asserts dominance in the refractories market due to its sheer scale of operations and intensive reliance on refractory materials. This industry accounts for a substantial portion of global refractory demand owing to its critical role in steelmaking processes. Refractories are indispensable in furnaces, converters, ladles, and other equipment involved in steel production. Moreover, the iron and steel sector's continuous pursuit of operational efficiency and product quality drives the adoption of advanced refractory solutions. While other segments such as cement, glass, and power generation also require refractories, the sheer magnitude of demand from the iron and steel industry solidifies its dominance in the refractories market.

Asia Pacific dominated the market in 2023.

In 2023, Asia-Pacific (APAC) region emerged as the dominant force in the refractories market among APAC, North America, Europe, South America, and the Middle East and Africa due to several key factors. There are several factors contributing to its supremacy. Foremost among these was China's status as the world's largest steel producer, driving substantial demand for refractory materials in the steelmaking industry. Additionally, rapid urbanization and industrialization across the region, particularly in countries like India and Japan, fuelled demand for refractories in infrastructure development projects and manufacturing activities. Favourable government policies, technological advancements, and a skilled labour force further supported the growth of the refractories sector in Asia Pacific. Moreover, the region's strategic location and strong presence of key refractories manufacturers enhanced its competitive advantage in the global market.

Refractories Market by Region

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Key Market Players

The Refractories market comprises key manufacturers such as RHI Magnesita (Austria), Vesuvius (UK), Krosaki Harima Corporation (Japan), Imerys (France), Shinagawa Refractories Co., Ltd. (Japan), Saint-Gobain (France), and Calderys (France), and others. Expansions, collaborations, and deals were some of the major strategies adopted by these key players to enhance their positions in the refractories market. A major focus was given to deals.

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Scope of the Report

Report Metric

Details

Market size available for years

2022–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD million/USD Billion) and Volume (Kilo Ton)

Segments Covered

Alkalinity, Form, End-Use Industry, and Region

Geographies covered

North America, Asia Pacific, Europe, Middle East & Africa, and South America

Companies covered

RHI Magnesita (Austria), Vesuvius (UK), Krosaki Harima Corporation (Japan), Imerys (France), Shinagawa Refractories Co., Ltd. (Japan), Saint-Gobain (France), Calderys (France), and others.

This research report categorizes the refractories market based on alkalinity, form, product, manufacturing process, end-use industry and region

Refractories Market, By Alkalinity:
  • Acidic & Neutral Refractories
  • Basic Refractories
Refractories Market, By Form:
  • Shaped Refractories
  • Unshaped Refractories
Refractories Market, By End-Use Industry:
  • Iron & Steel
  • Non-Ferrous Metal
  • Cement
  • Power Generation
  • Glass
  • Other Industries
Refractories Market, By Product:
  • Castables & Mortars
  • Ceramic Fibers & Firebricks
  • Graphite Blocks
  • Insulation Fire Brick
Refractories Market, By Manufacturing Process:
  • Dry Press Process
  • Fused Cast
  • Hand Molded
  • Formed
  • Unformed
Refractories Market, Based on the Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In December 2021, Vesuvius acquired the trade and assets of Universal Refractories Inc. (URI), a specialty refractory producer headquartered in Pennsylvania, USA.
  • In April 2024, Vesuvius fortified its presence in India by inaugurating a state-of-the-art flux manufacturing facility.
  • In May 2021, Krosaki Harima Corporation signed a partnership agreement with ArcelorMittal Refractories, based in Kraków, Poland, and part of the ArcelorMittal Group. This collaboration was done with the aim of optimizing production capacities and enhancing ArcelorMittal Refractories' product portfolio.
  • In January 2023, RHI Magnesita completed the acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL).
  • In March 2022, RHI Magnesita and the Horn & Co. Group signed a mutual agreement to merge their recycling endeavors in Europe, aiming to enhance the production, utilization, and availability of secondary raw materials for the European refractory industry.
  • In October 20232, Vesuvius acquired Bayuquan Magnesium Co (BMC), a top-tier basic monolithic refractory plant in China.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
          FIGURE 1 REFRACTORIES MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED
           1.3.2 REGIONS COVERED
    1.4 INCLUSIONS AND EXCLUSIONS 
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 UNITS CONSIDERED 
    1.8 STAKEHOLDERS 
    1.9 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA 
          FIGURE 2 REFRACTORIES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
          FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
          FIGURE 5 REFRACTORIES MARKET: DATA TRIANGULATION
    2.4 FACTOR ANALYSIS 
    2.5 IMPACT OF RECESSION 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 LIMITATIONS 
    2.8 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 41)
    FIGURE 6 IRON & STEEL INDUSTRY TO DOMINATE REFRACTORIES MARKET DURING FORECAST PERIOD
    FIGURE 7 SHAPED REFRACTORIES TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD
    FIGURE 8 ACIDIC & NEUTRAL SEGMENT TO WITNESS HIGHER GROWTH DURING FORECAST PERIOD
    FIGURE 9 ASIA PACIFIC TO BE LARGEST REFRACTORIES MARKET DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ASIA PACIFIC TO WITNESS HIGH GROWTH IN REFRACTORIES MARKET 
          FIGURE 10 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN REFRACTORIES MARKET
    4.2 ASIA PACIFIC: REFRACTORIES MARKET, BY FORM AND ALKALINITY 
          FIGURE 11 SHAPED REFRACTORIES ACCOUNTED FOR LARGER MARKET SHARE IN 2023
    4.3 ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY AND REGION 
          FIGURE 12 IRON & STEEL SEGMENT DOMINATED REFRACTORIES MARKET IN 2023
    4.4 REFRACTORIES MARKET, BY COUNTRY 
          FIGURE 13 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN REFRACTORIES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Investments in infrastructure sector
                                FIGURE 15 INDUSTRY (INCLUDING CONSTRUCTION), VALUE ADDED (ANNUAL % GROWTH)
                    5.2.1.2 Increasing industrialization
                                TABLE 1 ANNUAL PERCENTAGE INCREASE IN INDUSTRIAL PRODUCTION (INCLUDES MANUFACTURING, MINING, AND CONSTRUCTION)
                    5.2.1.3 High growth of non-metallic minerals industry
                    5.2.1.4 Growing demand for high-grade refractories from iron & steel industry
                               FIGURE 16 WORLD CRUDE STEEL PRODUCTION, 2013−2021 (MILLION TONS)
           5.2.2 RESTRAINTS
                    5.2.2.1 Restrictions on use of refractories due to growing environmental concerns
                    5.2.2.2 China’s monopoly on raw material supply
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Recycling of refractory materials
           5.2.4 CHALLENGES
                    5.2.4.1 Raw material price fluctuations
                    5.2.4.2 Overdependence on iron & steel industry
    5.3 TRENDS & DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS 
          FIGURE 17 REVENUE SHIFT FOR MANUFACTURERS IN REFRACTORIES MARKET
    5.4 PRICING ANALYSIS 
          FIGURE 18 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES
          TABLE 2 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES (USD/KG), 2023
          FIGURE 19 AVERAGE SELLING PRICE TREND, BY REGION (USD/KG)
          TABLE 3 AVERAGE SELLING PRICE TREND, BY REGION (USD/KG)
    5.5 VALUE CHAIN ANALYSIS 
          FIGURE 20 REFRACTORIES MARKET: VALUE CHAIN ANALYSIS
    5.6 ECOSYSTEM ANALYSIS 
          FIGURE 21 REFRACTORIES MARKET: ECOSYSTEM MAPPING
          TABLE 4 REFRACTORIES MARKET: ROLE IN ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 KEY TECHNOLOGIES
           5.7.2 COMPLEMENTARY TECHNOLOGIES
           5.7.3 ADJACENT TECHNOLOGIES
    5.8 PATENT ANALYSIS 
           5.8.1 INTRODUCTION
           5.8.2 METHODOLOGY
                    FIGURE 22 TOP PATENT OWNERS IN REFRACTORIES MARKET (2014–2023)
                    TABLE 5 LIST OF MAJOR PATENTS FOR REFRACTORIES
    5.9 TRADE ANALYSIS 
          FIGURE 23 EXPORT SCENARIO: HS CODE 6902 - REFRACTORY BRICKS, BLOCKS, TILES AND SIMILAR REFRACTORY CERAMIC CONSTRUCTIONAL GOODS (EXCL. THOSE OF SILICEOUS FOSSIL MEALS OR SIMILAR SILICEOUS EARTHS)
          FIGURE 24 IMPORT SCENARIO: HS CODE 6902 - REFRACTORY BRICKS, BLOCKS, TILES AND SIMILAR REFRACTORY CERAMIC CONSTRUCTIONAL GOODS (EXCL. THOSE OF SILICEOUS FOSSIL MEALS OR SIMILAR SILICEOUS EARTHS)
          FIGURE 25 EXPORT SCENARIO: HS CODE 3816 - REFRACTORY CEMENTS, MORTARS, CONCRETES, AND SIMILAR COMPOSITIONS (EXCLUDING PREPARATIONS BASED ON GRAPHITE OR OTHER CARBONACEOUS SUBSTANCES)
          FIGURE 26 IMPORT SCENARIO: HS CODE 3816 - REFRACTORY CEMENTS, MORTARS, CONCRETES, AND SIMILAR COMPOSITIONS (EXCLUDING PREPARATIONS BASED ON GRAPHITE OR OTHER CARBONACEOUS SUBSTANCES)
    5.10 KEY CONFERENCES AND EVENTS 
           TABLE 6 REFRACTORIES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024-2025
    5.11 TARIFF AND REGULATORY LANDSCAPE 
           5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.11.2 AVERAGE TARIFF RATES
                     TABLE 9 TARIFF RELATED TO PRODUCT: 6902 - REFRACTORY BRICKS, BLOCKS, TILES AND SIMILAR REFRACTORY CERAMIC CONSTRUCTIONAL GOODS (EXCL. THOSE OF SILICEOUS FOSSIL MEALS OR SIMILAR SILICEOUS EARTHS)
           5.11.3 REGULATIONS IN REFRACTORIES MARKET
                    5.11.3.1 ISO standards for refractories
                                 TABLE 10 SPECIFICATIONS RELATED TO REFRACTORY PRODUCTS
                    5.11.3.2 ASTM STANDARDS FOR REFRACTORIES
                                 TABLE 11 ASTM SPECIFICATIONS RELATED TO REFRACTORY PRODUCTS
    5.12 PORTER'S FIVE FORCES ANALYSIS 
           FIGURE 27 PORTER'S FIVE FORCES ANALYSIS: REFRACTORIES MARKET
           TABLE 12 REFRACTORIES MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.12.1 THREAT OF NEW ENTRANTS
           5.12.2 BARGAINING POWER OF SUPPLIERS
           5.12.3 THREAT OF SUBSTITUTES
           5.12.4 BARGAINING POWER OF BUYERS
           5.12.5 INTENSITY OF COMPETITIVE RIVALRY
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                     TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP-THREE END-USE INDUSTRIES
           5.13.2 BUYING CRITERIA
                     FIGURE 29 KEY BUYING CRITERIA FOR REFRACTORIES IN KEY END-USE INDUSTRIES
                     TABLE 14 KEY BUYING CRITERIA FOR REFRACTORIES IN TOP THREE END-USE INDUSTRIES
    5.14 CASE STUDY ANALYSIS 
           5.14.1 CASE STUDY 1: IMPROVEMENT OF FURNACE LINING USED
           5.14.2 CASE STUDY 2: SUPPLY OF RE-DESIGNED AND IMPROVED EAF FLOOR BRICK
           5.14.3 CASE STUDY 3: REDESIGN AND SUPPLY OF REFRACTORIES FOR KILN ROASTING STIBNITE (ANTIMONY SULPHIDE)
    5.15 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 30 INVESTMENT AND FUNDING SCENARIO
    5.16 MACROECONOMIC INDICATORS 
           5.16.1 INTRODUCTION
           5.16.2 GDP TRENDS AND FORECASTS
                     TABLE 15 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)
 
6 REFRACTORIES MARKET, BY FORM (Page No. - 82)
    6.1 INTRODUCTION 
          FIGURE 31 SHAPED REFRACTORIES TO DOMINATE MARKET BETWEEN 2024 AND 2029
          TABLE 16 REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)
          TABLE 17 REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)
          TABLE 18 REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
          TABLE 19 REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
    6.2 SHAPED REFRACTORIES 
           6.2.1 INCREASING DEMAND FROM BOILERS, NUCLEAR REACTORS, AND CEMENT KILNS TO DRIVE DEMAND
    6.3 UNSHAPED REFRACTORIES 
           6.3.1 OFFERS EASE-OF-USE AND BETTER VOLUME STABILITY
 
7 REFRACTORIES MARKET, BY ALKALINITY (Page No. - 86)
    7.1 INTRODUCTION 
          FIGURE 32 ACIDIC & NEUTRAL REFRACTORIES TO DOMINATE MARKET BETWEEN 2024 AND 2029
          TABLE 20 REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)
          TABLE 21 REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)
          TABLE 22 REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
          TABLE 23 REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
    7.2 ACIDIC & NEUTRAL 
           7.2.1 INCREASING DEMAND FROM STEEL, NON-FERROUS METALS, AND CEMENT INDUSTRIES TO DRIVE DEMAND
           7.2.2 SILICA REFRACTORIES
           7.2.3 FIRECLAY REFRACTORIES
           7.2.4 ALUMINA REFRACTORIES
           7.2.5 ZIRCONIA REFRACTORIES
           7.2.6 CHROMITE REFRACTORIES
           7.2.7 CARBON REFRACTORIES
    7.3 BASIC REFRACTORIES 
           7.3.1 HIGH USAGE IN HIGH-TEMPERATURE FURNACES, BOILERS, AND CEMENT KILNS TO DRIVE MARKET
           7.3.2 MAGNESITE REFRACTORIES
           7.3.3 DOLOMITE REFRACTORIES
 
8 REFRACTORIES MARKET, BY END-USE INDUSTRY (Page No. - 92)
    8.1 INTRODUCTION 
          FIGURE 33 IRON & STEEL INDUSTRY TO BE LARGEST END USER OF REFRACTORIES DURING FORECAST PERIOD
          TABLE 24 REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
          TABLE 25 REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
          TABLE 26 REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
          TABLE 27 REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
    8.2 IRON & STEEL 
           8.2.1 DEMAND FROM MAJOR STEEL-MAKING COUNTRIES TO DRIVE MARKET
    8.3 NON-FERROUS METAL 
           8.3.1 RISING DEMAND IN AUTOMOTIVE AND AVIATION INDUSTRIES TO DRIVE DEMAND
    8.4 CEMENT 
           8.4.1 INFRASTRUCTURAL DEVELOPMENTS IN EMERGING ECONOMIES TO FUEL DEMAND
    8.5 POWER GENERATION 
           8.5.1 DEMAND FOR REFRACTORIES FROM POWER GENERATION INDUSTRY WITNESSING SLOW GROWTH
    8.6 GLASS 
           8.6.1 GROWING RESIDENTIAL AND COMMERCIAL CONSTRUCTION IN EMERGING ECONOMIES TO SUPPORT MARKET GROWTH
    8.7 OTHER END-USE INDUSTRIES 
           8.7.1 GROWING CHEMICAL AND AEROSPACE INDUSTRIES TO DRIVE DEMAND FOR REFRACTORIES
 
9 REFRACTORIES MARKET, BY MANUFACTURING PROCESS (Page No. - 99)
    9.1 INTRODUCTION 
    9.2 DRY PRESS PROCESS 
    9.3 FUSED CAST 
    9.4 HAND MOLDING 
    9.5 FORMED AND UNFORMED 
 
10 REFRACTORIES MARKET, BY PRODUCT (Page No. - 100)
     10.1 INTRODUCTION 
     10.2 CASTABLES & MORTAR 
             10.2.1 REFRACTORY CASTABLES
             10.2.2 REFRACTORY MORTAR
     10.3 CERAMIC FIBERS & FIREBRICKS 
             10.3.1 REFRACTORY CERAMIC FIBERS (RCF)
             10.3.2 FIRE BRICK
     10.4 GRAPHITE BLOCKS 
     10.5 INSULATION FIRE BRICKS 
 
11 REFRACTORIES MARKET, BY REGION (Page No. - 102)
     11.1 INTRODUCTION 
             FIGURE 34 CHINA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
             FIGURE 35 ASIA PACIFIC TO DOMINATE REFRACTORIES MARKET DURING FORECAST PERIOD
             TABLE 28 REFRACTORIES MARKET, BY REGION, 2022–2029 (USD MILLION)
             TABLE 29 REFRACTORIES MARKET, BY REGION, 2022–2029 (KILOTON)
     11.2 ASIA PACIFIC 
             11.2.1 IMPACT OF RECESSION
                        FIGURE 36 ASIA PACIFIC: REFRACTORIES MARKET SNAPSHOT
                        TABLE 30 ASIA PACIFIC: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                        TABLE 31 ASIA PACIFIC: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        TABLE 32 ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)
                        TABLE 33 ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)
                        TABLE 34 ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 35 ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 36 ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)
                        TABLE 37 ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)
                        TABLE 38 ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 39 ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 40 ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 41 ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                        TABLE 42 ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 43 ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.2.2 CHINA
                        11.2.2.1 Increasing demand for iron and steel in construction sector to drive market
                                      TABLE 44 CHINA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 45 CHINA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 46 CHINA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 47 CHINA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 48 CHINA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 49 CHINA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.2.3 JAPAN
                        11.2.3.1 High demand from automotive industry to drive market
                                      TABLE 50 JAPAN: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 51 JAPAN: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 52 JAPAN: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 53 JAPAN: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 54 JAPAN: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 55 JAPAN: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.2.4 INDIA
                        11.2.4.1 Growth of iron & steel, glass, and power generation sectors to drive demand
                                      TABLE 56 INDIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 57 INDIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 58 INDIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 59 INDIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 60 INDIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 61 INDIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.2.5 SOUTH KOREA
                        11.2.5.1 Electronic & home entertainment industries fueling demand for glass
                                      TABLE 62 SOUTH KOREA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 63 SOUTH KOREA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 64 SOUTH KOREA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 65 SOUTH KOREA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 66 SOUTH KOREA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 67 SOUTH KOREA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.2.6 AUSTRALIA
                        11.2.6.1 High demand for iron and steel in construction sector to support market growth
                                      TABLE 68 AUSTRALIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 69 AUSTRALIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 70 AUSTRALIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 71 AUSTRALIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 72 AUSTRALIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 73 AUSTRALIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.2.7 REST OF ASIA PACIFIC
                        TABLE 74 REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 75 REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 76 REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 77 REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 78 REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 79 REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
     11.3 EUROPE 
             11.3.1 IMPACT OF RECESSION
                        FIGURE 37 EUROPE: REFRACTORIES MARKET SNAPSHOT
                        TABLE 80 EUROPE: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                        TABLE 81 EUROPE: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        TABLE 82 EUROPE: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)
                        TABLE 83 EUROPE: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)
                        TABLE 84 EUROPE: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 85 EUROPE: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 86 EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)
                        TABLE 87 EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)
                        TABLE 88 EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 89 EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 90 EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 91 EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                        TABLE 92 EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 93 EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.3.2 RUSSIA
                        11.3.2.1 Infrastructural development and growing urbanization to support market growth
                                      TABLE 94 RUSSIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 95 RUSSIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 96 RUSSIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 97 RUSSIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 98 RUSSIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 99 RUSSIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.3.3 GERMANY
                        11.3.3.1 Growth of construction industry boosting demand for refractories
                                      TABLE 100 GERMANY: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 101 GERMANY: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 102 GERMANY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 103 GERMANY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 104 GERMANY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 105 GERMANY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.3.4 ITALY
                        11.3.4.1 Growth in iron & steel sector to drive refractories market
                                      TABLE 106 ITALY: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 107 ITALY: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 108 ITALY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 109 ITALY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 110 ITALY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 111 ITALY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.3.5 FRANCE
                        11.3.5.1 Non-ferrous metal sector to be fastest-growing end-use industry
                                      TABLE 112 FRANCE: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 113 FRANCE: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 114 FRANCE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 115 FRANCE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 116 FRANCE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 117 FRANCE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.3.6 SPAIN
                        11.3.6.1 Increased export of iron & steel boosting demand for refractories
                                      TABLE 118 SPAIN: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 119 SPAIN: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 120 SPAIN: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 121 SPAIN: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 122 SPAIN: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 123 SPAIN: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.3.7 UK
                        11.3.7.1 Rising demand from glass and iron & steel industries to drive market
                                      TABLE 124 UK: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 125 UK: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 126 UK: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 127 UK: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 128 UK: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 129 UK: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.3.8 REST OF EUROPE
                        TABLE 130 REST OF EUROPE: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 131 REST OF EUROPE: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 132 REST OF EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 133 REST OF EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 134 REST OF EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 135 REST OF EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
     11.4 NORTH AMERICA 
             11.4.1 IMPACT OF RECESSION
                        TABLE 136 NORTH AMERICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                        TABLE 137 NORTH AMERICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        TABLE 138 NORTH AMERICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)
                        TABLE 139 NORTH AMERICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)
                        TABLE 140 NORTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 141 NORTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 142 NORTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)
                        TABLE 143 NORTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)
                        TABLE 144 NORTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 145 NORTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 146 NORTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 147 NORTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                        TABLE 148 NORTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 149 NORTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.4.2 US
                        11.4.2.1 Increased demand for iron and steel boosting market growth
                                      TABLE 150 US: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 151 US: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 152 US: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 153 US: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 154 US: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 155 US: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.4.3 CANADA
                        11.4.3.1 Construction industry boosting demand for refractories
                                      TABLE 156 CANADA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 157 CANADA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 158 CANADA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 159 CANADA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 160 CANADA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 161 CANADA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.4.4 MEXICO
                        11.4.4.1 Increased demand for automobiles fueling market growth
                                      TABLE 162 MEXICO: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 163 MEXICO: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 164 MEXICO: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 165 MEXICO: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 166 MEXICO: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 167 MEXICO: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 RECESSION IMPACT
                        TABLE 168 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                        TABLE 169 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        TABLE 170 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)
                        TABLE 171 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)
                        TABLE 172 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 173 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 174 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)
                        TABLE 175 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)
                        TABLE 176 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 177 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 178 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 179 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                        TABLE 180 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 181 MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.5.2 GCC COUNTRIES
                        TABLE 182 GCC COUNTRIES: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 183 GCC COUNTRIES: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 184 GCC COUNTRIES: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 185 GCC COUNTRIES: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 186 GCC COUNTRIES: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 187 GCC COUNTRIES: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        11.5.2.1 SAUDI ARABIA
                                     11.5.2.1.1 Government initiatives to boost economic growth to drive demand for refractories
                                                      TABLE 188 SAUDI ARABIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                                      TABLE 189 SAUDI ARABIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                                      TABLE 190 SAUDI ARABIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                                      TABLE 191 SAUDI ARABIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                                      TABLE 192 SAUDI ARABIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                      TABLE 193 SAUDI ARABIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        11.5.2.2 UAE
                                     11.5.2.2.1 Government's investments and recovery in construction industry to drive demand
                                                      TABLE 194 UAE: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                                      TABLE 195 UAE: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                                      TABLE 196 UAE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                                      TABLE 197 UAE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                                      TABLE 198 UAE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                                      TABLE 199 UAE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
                        11.5.2.3 Rest of GCC
                                      TABLE 200 REST OF GCC: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 201 REST OF GCC: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 202 REST OF GCC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 203 REST OF GCC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 204 REST OF GCC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 205 REST OF GCC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.5.3 TURKEY
                        11.5.3.1 Increasing constructional activities to augment demand for refractories
                                      TABLE 206 TURKEY: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 207 TURKEY: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 208 TURKEY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 209 TURKEY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 210 TURKEY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 211 TURKEY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.5.4 SOUTH AFRICA
                        11.5.4.1 Growth of construction sector to support market growth
                                      TABLE 212 SOUTH AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 213 SOUTH AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 214 SOUTH AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 215 SOUTH AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 216 SOUTH AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 217 SOUTH AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.5.5 REST OF MIDDLE EAST & AFRICA
                        TABLE 218 REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 219 REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 220 REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 221 REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 222 REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 223 REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
     11.6 SOUTH AMERICA 
             11.6.1 SOUTH AMERICA: RECESSION IMPACT
                        TABLE 224 SOUTH AMERICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                        TABLE 225 SOUTH AMERICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)
                        TABLE 226 SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)
                        TABLE 227 SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)
                        TABLE 228 SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 229 SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 230 SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)
                        TABLE 231 SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)
                        TABLE 232 SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 233 SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 234 SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 235 SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                        TABLE 236 SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 237 SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.6.2 BRAZIL
                        11.6.2.1 Brazil to dominate refractories market in South America
                                      TABLE 238 BRAZIL: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 239 BRAZIL: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 240 BRAZIL: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 241 BRAZIL: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 242 BRAZIL: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 243 BRAZIL: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.6.3 ARGENTINA
                        11.6.3.1 Increased demand from construction sector to support refractories market
                                      TABLE 244 ARGENTINA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                                      TABLE 245 ARGENTINA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                                      TABLE 246 ARGENTINA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                                      TABLE 247 ARGENTINA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                                      TABLE 248 ARGENTINA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                      TABLE 249 ARGENTINA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
             11.6.4 REST OF SOUTH AMERICA
                        TABLE 250 REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)
                        TABLE 251 REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)
                        TABLE 252 REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)
                        TABLE 253 REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)
                        TABLE 254 REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                        TABLE 255 REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)
 
12 COMPETITIVE LANDSCAPE (Page No. - 180)
     12.1 OVERVIEW 
     12.2 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS 
     12.3 REVENUE ANALYSIS 
             FIGURE 38 REVENUE ANALYSIS FOR KEY PLAYERS IN REFRACTORIES MARKET
     12.4 MARKET SHARE ANALYSIS 
             FIGURE 39 RHI MAGNESITA LED REFRACTORIES MARKET IN 2023
             TABLE 256 REFRACTORIES MARKET: DEGREE OF COMPETITION
             12.4.1 MARKET RANKING ANALYSIS
                        FIGURE 40 RANKING OF TOP FIVE PLAYERS IN REFRACTORIES MARKET
     12.5 COMPANY VALUATION AND FINANCIAL METRICS 
             FIGURE 41 COMPANY VALUATION (USD BILLION)
             FIGURE 42 FINANCIAL MATRIX: EV/EBITDA RATIO
     12.6 PRODUCT/BRAND COMPARISON 
             FIGURE 43 REFRACTORIES MARKET: PRODUCT COMPARISON
     12.7 COMPANY EVALUATION MATRIX 
             12.7.1 STARS
             12.7.2 EMERGING LEADERS
             12.7.3 PERVASIVE PLAYERS
             12.7.4 PARTICIPANTS
                        FIGURE 44 REFRACTORIES MARKET: COMPANY EVALUATION MATRIX, 2023
             12.7.5 COMPANY FOOTPRINT: KEY PLAYERS
                        FIGURE 45 REFRACTORIES MARKET: COMPANY OVERALL FOOTPRINT
                        TABLE 257 REFRACTORIES MARKET: REGION FOOTPRINT (21 COMPANIES)
                        TABLE 258 REFRACTORIES MARKET: FORM FOOTPRINT (21 COMPANIES)
                        TABLE 259 REFRACTORIES MARKET: ALKALINITY FOOTPRINT (21 COMPANIES)
                        TABLE 260 REFRACTORIES MARKET: END-USE INDUSTRY FOOTPRINT (21 COMPANIES)
     12.8 START-UPS/SMES EVALUATION MATRIX, 2023 
             12.8.1 PROGRESSIVE COMPANIES
             12.8.2 RESPONSIVE COMPANIES
             12.8.3 DYNAMIC COMPANIES
             12.8.4 STARTING BLOCKS
                        FIGURE 46 REFRACTORIES MARKET: START-UPS/SMES EVALUATION MATRIX, 2023
     12.9 COMPETITIVE BENCHMARKING 
             TABLE 261 REFRACTORIES MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 262 REFRACTORIES MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
     12.1 COMPETITIVE SITUATION AND TRENDS 
             12.10.1 PRODUCT LAUNCHES
                        TABLE 263 REFRACTORIES MARKET: PRODUCT LAUNCHES, JANUARY 2019−APRIL 2024
             12.10.2 DEALS
                        TABLE 264 REFRACTORIES MARKET: DEALS, JANUARY 2019−APRIL 2024
             12.10.3 EXPANSIONS
                        TABLE 265 REFRACTORIES MARKET: EXPANSIONS, JANUARY 2019−APRIL 2024
             12.10.4 OTHER DEVELOPMENTS
                        TABLE 266 REFRACTORIES MARKET: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024
 
13 COMPANY PROFILES (Page No. - 210)
     13.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
             13.1.1 RHI MAGNESITA
                        TABLE 267 RHI MAGNESITA: COMPANY OVERVIEW
                        FIGURE 47 RHI MAGNESITA: COMPANY SNAPSHOT
                        TABLE 268 RHI MAGNESITA: DEALS, JANUARY 2019−APRIL 2024
                        TABLE 269 RHI MAGNESITA: EXPANSIONS, JANUARY 2019−APRIL 2024
                        TABLE 270 RHI MAGNESITA: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024
             13.1.2 VESUVIUS
                        TABLE 271 VESUVIUS: COMPANY OVERVIEW
                        FIGURE 48 VESUVIUS: COMPANY SNAPSHOT
                        TABLE 272 VESUVIUS: DEALS, JANUARY 2019−APRIL 2024
                        TABLE 273 VESUVIUS: EXPANSIONS, JANUARY 2019−APRIL 2024
             13.1.3 KROSAKI HARIMA CORPORATION
                        TABLE 274 KROSAKI HARIMA CORPORATION: COMPANY OVERVIEW
                        FIGURE 49 KROSAKI HARIMA CORPORATION: COMPANY SNAPSHOT
                        TABLE 275 KROSAKI HARIMA CORPORATION: DEALS, JANUARY 2019−APRIL 2024
                        TABLE 276 KROSAKI HARIMA CORPORATION: EXPANSIONS, JANUARY 2019−APRIL 2024
                        TABLE 277 KROSAKI HARIMA CORPORATION: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024
             13.1.4 IMERYS
                        TABLE 278 IMERYS: COMPANY OVERVIEW
                        FIGURE 50 IMERYS: COMPANY SNAPSHOT
                        TABLE 279 IMERYS: PRODUCT LAUNCHES, JANUARY 2019−APRIL 2024
                        TABLE 280 IMERYS: DEALS, JANUARY 2019−APRIL 2024
                        TABLE 281 IMERYS: EXPANSIONS, JANUARY 2019−APRIL 2024
                        TABLE 282 IMERYS: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024
             13.1.5 SHINAGAWA REFRACTORIES CO., LTD.
                        TABLE 283 SHINAGAWA REFRACTORIES CO., LTD.: COMPANY OVERVIEW
                        FIGURE 51 SHINAGAWA REFRACTORIES CO., LTD.: COMPANY SNAPSHOT
                        TABLE 284 SHINAGAWA REFRACTORIES CO., LTD.: DEALS, JANUARY 2019−APRIL 2024
                        TABLE 285 SHINAGAWA REFRACTORIES CO., LTD.: EXPANSIONS, JANUARY 2019−APRIL 2024
             13.1.6 SAINT-GOBAIN
                        TABLE 286 SAINT-GOBAIN: COMPANY OVERVIEW
                        FIGURE 52 SAINT-GOBAIN: COMPANY SNAPSHOT
                        TABLE 287 SAINT-GOBAIN: PRODUCT LAUNCHES, JANUARY 2019−APRIL 2024
                        TABLE 288 SAINT GOBAIN: DEALS, JANUARY 2019−APRIL 2024
                        TABLE 289 SAINT GOBAIN: EXPANSIONS, JANUARY 2019−APRIL 2024
                        TABLE 290 SAINT GOBAIN: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024
             13.1.7 CALDERYS
                        TABLE 291 CALDERYS: COMPANY OVERVIEW
                        TABLE 292 CALDERYS: DEALS, JANUARY 2019−APRIL 2024
                        TABLE 293 CALDERYS: EXPANSIONS, JANUARY 2019−APRIL 2024
                        TABLE 294 CALDERYS: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024
             13.1.8 IFGL REFRACTORIES LIMITED
                        TABLE 295 IFGL REFRACTORIES LIMITED: COMPANY OVERVIEW
                        FIGURE 53 IFGL REFRACTORIES LIMITED: COMPANY SNAPSHOT
                        TABLE 296 IFGL REFRACTORIES LIMITED: PRODUCT LAUNCHES, JANUARY 2019−APRIL 2024
                        TABLE 297 IFGL REFRACTORIES LIMITED: DEALS, JANUARY 2019−APRIL 2024
                        TABLE 298 IFGL REFRACTORIES LIMITED: EXPANSIONS, JANUARY 2019−APRIL 2024
                        TABLE 299 IFGL REFRACTORIES LIMITED: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024
             13.1.9 ELKEM
                        TABLE 300 ELKEM: COMPANY OVERVIEW
                        FIGURE 54 ELKEM: COMPANY SNAPSHOT
             13.1.10 POSCO FUTURE M
                        TABLE 301 POSCO FUTURE M: COMPANY OVERVIEW
                        FIGURE 55 POSCO CHEMICAL CO., LTD. AND ITS SUBSIDIARIES: COMPANY SNAPSHOT
     13.2 OTHER PLAYERS 
             13.2.1 COORSTEK, INC.
                        TABLE 302 COORSTEK, INC.: COMPANY OVERVIEW
             13.2.2 PUYANG REFRACTORIES GROUP CO., LTD.
                        TABLE 303 PUYANG REFRACTORIES GROUP CO., LTD.: COMPANY OVERVIEW
             13.2.3 RESCO PRODUCTS
                        TABLE 304 RESCO PRODUCTS: COMPANY OVERVIEW
             13.2.4 REFRATECHNIK HOLDING GMBH
                        TABLE 305 REFRATECHNIK HOLDING GMBH: COMPANY OVERVIEW
             13.2.5 PLIBRICO COMPANY, LLC
                        TABLE 306 PLIBRICO COMPANY, LLC: COMPANY OVERVIEW
             13.2.6 RUITAI MATERIALS TECHNOLOGY CO., LTD.
                        TABLE 307 RUITAI MATERIALS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             13.2.7 CHOSUN REFRACTORIES
                        TABLE 308 CHOSUN REFRACTORIES: COMPANY OVERVIEW
             13.2.8 MAGNEZIT GROUP
                        TABLE 309 MAGNEZIT GROUP: COMPANY OVERVIEW
             13.2.9 KAEFER SE & CO. KG
                        TABLE 310 KAEFER SE & CO. KG: COMPANY OVERVIEW
             13.2.10 ALMATIS GMBH
                        TABLE 311 ALMATIS GMBH: COMPANY OVERVIEW
             13.2.11 ALLIED MINERALS PRODUCTS, INC.
                        TABLE 312 ALLIED MINERALS PRODUCTS, INC.: COMPANY OVERVIEW
     13.3 START-UPS IN REFRACTORIES MARKET/ADJACENT MARKET 
             13.3.1 S1SEVEN
                        TABLE 313 S1SEVEN: COMPANY OVERVIEW
             13.3.2 H2 GREEN STEEL
                        TABLE 314 H2 GREEN STEEL: COMPANY OVERVIEW
             13.3.3 ELECTRASTEEL INCORPORATED
                        TABLE 315 ELECTRASTEEL INCORPORATED: COMPANY OVERVIEW
             13.3.4 CARBON RE
                        TABLE 316 CARBON RE: COMPANY OVERVIEW
             13.3.5 GREENWAY STEEL
                        TABLE 317 GREENWAY STEEL: COMPANY OVERVIEW
 
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
 
14 ADJACENT & RELATED MARKET (Page No. - 272)
     14.1 INTRODUCTION 
     14.2 IRON & STEEL MARKET 
             14.2.1 MARKET DEFINITION
             14.2.2 MARKET OVERVIEW
     14.3 IRON & STEEL MARKET, BY TYPE 
                        TABLE 318 IRON & STEEL MARKET, BY TYPE, 2020–2027 (USD BILLION)
                        TABLE 319 IRON & STEEL MARKET, BY TYPE, 2020–2027 (MILLION TON)
     14.4 IRON & STEEL MARKET, BY END-USE INDUSTRY 
                        TABLE 320 IRON & STEEL MARKET, BY END-USE INDUSTRY, 2020–2027 (USD BILLION)
                        TABLE 321 IRON & STEEL MARKET, BY END-USE INDUSTRY, 2020–2027 (MILLION TON)
     14.5 IRON & STEEL MARKET, BY REGION 
                        TABLE 322 IRON & STEEL MARKET, BY REGION, 2020–2027 (USD BILLION)
                        TABLE 323 IRON & STEEL MARKET, BY REGION, 2020–2027 (MILLION TON)
 
15 APPENDIX (Page No. - 275)
     15.1 DISCUSSION GUIDE 
     15.2 CUSTOMIZATION OPTIONS 
     15.3 RELATED REPORTS 
     15.4 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.5 AUTHOR DETAILS 

The study involved four major activities for estimating the current global size of the refractories market. Exhaustive secondary research was conducted to gather information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of refractories through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the refractories market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the refractories market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Various primary sources from both the supply and demand sides of the refractories market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the refractories industry. The breakdown of the profiles of primary respondents is as follows:

Breakdown of Primary Interviews

Refractories Market Size, and Share

Notes: Companies are classified based on their revenue–Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 = <USD 500 million.

Others include sales, marketing, and product managers.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the global size of the refractories market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following details:

  • The key players were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, split, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analysed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.

Refractories Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Refractories Market Size, and Share

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments of the refractories market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.

In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.

Market Definition

The refractories market refers to the economic domain encompassing the production, distribution, and consumption of specialized materials designed to withstand extremely high temperatures and harsh operating conditions in industrial processes. These materials, known as refractories, are essential components in industries such as steelmaking, glass production, cement manufacturing, and chemical processing. The market involves manufacturers producing refractory products, end-users purchasing these materials for their industrial operations, distributors facilitating the supply chain, and maintenance services ensuring the longevity and efficiency of refractory linings in industrial equipment.

Key Stakeholders

  • Raw material suppliers
  • Refractories manufacturers
  • Government & regulatory bodies
  • Research organizations
  • Associations and industry bodies
  • End use industries
  • Traders and distributors

Research Objectives

  • To estimate and forecast the refractories market, in terms of value and volume
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To define, describe, and forecast the market size, based on form, alkalinity, end-use industry, and region
  • To forecast the market size along with segments and submarkets, in key regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America along with their key countries
  • To strategically analyze micro markets, with respect to individual growth trends, prospects, and their contribution to the total market
  • To analyze growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as merger & acquisition, expansion & investment, and agreements in the refractories market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the refractories report:

Product Analysis

  • Product matrix, which offers a detailed comparison of the product portfolio of companies

Regional Analysis

  • Further analysis of the refractories market for additional countries

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
May, 2024
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