Refractories Market

Refractories Market by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic & Neutral. Basic), End-Use Industry (Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass), and Region - Global Forecast to 2023

Report Code: CH 3973 Oct, 2019, by marketsandmarkets.com

[169 Pages Report] MarketsandMarkets forecasts the global refractories market to grow from USD 23.3 billion in 2018 and is projected to reach USD 26.3 billion by 2023, at a CAGR of 2.5% during the forecast period. Increasing number of infrastructural development projects in emerging economies such as China, India, and Brazil and high growth rate witnessed by the non-metallic minerals industry are the key factors driving the global refractories market. The objective of the report is to define, describe, and forecast the refractories market size based on form (shaped, unshaped), alkalinity (acidic & neutral, basic), end-use industry (iron & steel, power generation, non-ferrous metal, cement, glass, others), and region.

Refractories Market

Unshaped refractories is estimated to lead the refractories market by form during the forecast period.

Unshaped refractories was the largest segment of the global refractories market, by form in 2016. Unshaped refractories are replacing conventional refractories at a much faster rate in many applications that require high-temperature resistance. In comparison to conventional refractories, unshaped refractories are easy-to-install, avoid delays in manufacture of special brick shapes, and allow substantial repairs with a minimum loss of time. Due to the aforementioned factors, they are largest form of refractories used in the world.

Acidic & neutral refractories is estimated to be the largest segment by alkalinity.

Acidic & neutral refractories was the largest segment, by alkalinity, in the global refractories market in 2016. Acidic neutral refractories are quite cost-effective, which fuels its demand. Its extensive usage in glass, cement, and ceramic industries further flourishes its market and makes it the largest segment of the refractories market, by alkalinity.

Iron & steel industry is the largest end-use industry of refractories.

Iron & steel industry was the largest end-use industry segment of the refractories market in 2016. Refractories and its related products are required for the lining of various furnaces, ladles, and vessels, which are governed by the operating condition at each stage in the process of manufacturing steel. The rapid growth in iron & steel industry drives the market for refractories, globally.

Refractories Market

APAC is projected to be the largest and the fastest-growing refractories market.

The Asia-Pacific region led the global refractories market, in terms of both value and volume, in 2016. China is the largest market for refractories in the Asia-Pacific region, and accounted for a major share of the market in terms of value, in 2016. The growing demand for iron & steel and glass-based products from automotive and construction industries, ease of availability of raw material and consumers, and increasing number of new production facilities to meet the demand for refractories are the key growth drivers for the refractories market in this region.

Market Dynamics

Driver: Increase in infrastructural development in emerging countries

Growing urbanization and industrialization, especially in emerging economies such as India and China, has led to significant investment in the construction of residential and commercial buildings. According to the Global Construction Perspective and Oxford Economics, the global construction market will grow by 85% to USD 15.55 trillion worldwide by 2030, with three countries China, India and the US accounting for 57% of the global growth.

China is one of the fastest-growing economies; rising travel demand requires constant development of railways and roadways in the country. This has also boosted the growth of the automotive industry in China. The increased pace of infrastructure development in these emerging countries has led to an increase in the construction of residential and commercial buildings, which is expected to drive the demand for refractories in the iron & steel and cement industries. Increasing construction activities in emerging economies are also expected to drive the glass industry, which, in turn, will drive the refractories demand.

Restraint:  Restrictions on the use of refractories due to the growing environmental concerns

The manufacturing process of refractories leads to the emission of organic particulate matter (PM) and harmful gases such as sulfur dioxide (SO2), nitrogen oxides (NOx), carbon monoxide (CO), carbon dioxide (CO2), fluorides, and volatile organic compounds (VOCs). Processes, including crushing, grinding, calcining, and drying, lead to the emission of PM, while gases and VOCs are emitted during firing and tar & pitch operations, respectively.

In the US, regulations regarding refractory waste disposal and guidelines regarding the use of refractories encourage recycling of chrome-based refractories, which are largely used in the iron & steel industry. Similarly, in Europe, projects such as ReStaR (Review and improvement of testing Standards for Refractory products), have been implemented to ensure the reliability and precision of the current refractory testing standards in the region. Such environmental regulations and restrictions on the use of refractory materials act as a restraining factor for the growth of the refractories market.

Opportunity: Recycling of refractory materials

The used refractory materials, which are further recycled to form secondary raw materials, are known as refractory grogs. There are two types of refractories—high-quality refractories and low-quality refractories. The usage of recycled refractories depends on the quality of the actual refractory; 100% of the high-quality recycled refractories can be used in other processes, but only 0–30% of the recycled refractories can be used which are obtained from low-quality refractories. The need for recycling of refractory products has increased owing to the increase in the cost of raw materials and freight and environmental pressures that have compelled the companies to look for more sustainable alternatives for refractory applications.

There are several factors which played a pivotal role in the shift toward refractory recycling. From 2008 to 2010, the refractory industry worldwide underwent a very volatile period, during which, certain raw materials became almost impossible to procure due to high demand coupled with low supply. Pressure has been mounting on companies to become environmentally responsible by reducing their respective carbon footprints. Increased taxes on landfill sites and emissions are being enforced, and tax incentives are also proposed to motivate companies to increase their waste recycling efforts. The economic recession during the early part of 2009 affected the refractory sales. The manufacturers are striving to reduce prices to retain their market share. Therefore, recycling of refractories helps to reduce the production cost for the manufacturers, thus offering lucrative opportunities for the growth of this market.

Challenge: Overdependence on the iron & steel industry

The refractories market is highly dependent on the iron & steel industry, which covers around 60% of the global market. The rest 40% share is covered by end-use industries such as power generation, cement, glass, non-ferrous metal, petrochemical, chemical, and paper & pulp. Hence, the downfall of iron & steel industry would lead to a consequent decline in the refractories market.

The demand for refractories from the iron & steel industry has been volatile over the past few years, which has significantly affected the market. Even with the rising demand for refractories from other industries and recovery of the global economic situation, the dependence of refractories market on the iron & steel industry is expected to remain unchanged, thus posing a huge challenge for the growth of the refractories market.

Scope of the Report

Report Metric

Details

Market size available for years

2016–2023

Base year

 2017

Forecast period

2018–2023

Units considered

Value (USD Million), Volume (Kiloton)

Segments

Form (Shaped, Unshaped),  Alkalinity (  Acidic & Neutral,   Basic),  End-Use Industry ( Iron & Steel,  Power Generation,  Non-Ferrous Metals,  Cement,  Glass,  Others) and Region

Regions

North America, APAC, Europe, the Middle East & Africa, and South America

Companies

RHI Magnesita (Austria), Vesuvius (UK), Krosaki Harima (Japan), Shinagawa Refractories (Japan), Saint-Gobain (France), Corning Incorporated (US), Morgan Advanced Materials (UK), CoorsTek, Inc. (US), HarbisonWalker International, Inc. (US), IMERYS  (France),  and Chosun Refractories (South Korea)
Puyang Refractories (China), IFGL Refractories (India), Resco Products, Inc. (US), Refractechnik Holding GmbH (Germany),  Minteq International Inc.  (US),  Magnezit Group  (Russia),  CerCo, LLC (US),  Almatis GmbH (Germany),  ALTEO Holding (France),  AluChem (US),  Lhoist S.A. (Belgium), Allied Minerals Products, Inc. (US), Zhejiang Zili Advanced Materials Co. Ltd. (China),  Ruitai Materials Technology Co., Ltd. (China), and Liaoning Qinghua Refractories Co. Ltd. (China)

This research report categorizes the global refractories market based on form, alkalinity, end-use industry, and region.

The Refractories Market, By Form:

  • Shaped Refractories
  • Unshaped Refractories

The Refractories Market, By Alkalinity:

  • Acidic & Neutral
  • Basic

The Refractories Market, By End-use Industry:

  • Iron & Steel
  • Cement
  • Non-Ferrous Metals
  • Glass
  • Others (Chemicals, Petrochemicals, and Automotive)

The Refractories Market, By Region

  • APAC
  • North America
  • Europe
  • Middle East & Africa
  • South America

Key Market Players

RHI AG (Austria), Saint-Gobain S.A. (France), Vesuvius Plc. (U.K.), Morgan Advanced Materials Plc. (U.K.), Shinagawa Refractories Co., Ltd. (Japan), Corning Incorporated (U.S.), CoorsTek Incorporated (U.S.), Magnesita Refratarios S.A (Brazil), Krosaki Harima Corporation (Japan), and HarbisonWalker International Inc. (U.S.) are the key players operating in the refractories market.

RHI Magnesita is a global producer and provider of refractory products used in high-temperature industrial processes (temperature of 2,192°F and above). The company operates through three business segments, namely, steel, industrial, and raw material. The company’s industrial segment provides solutions for cement, lime, non-ferrous metals, and glass industries along with environment, energy, and chemical sectors, whereas sit’s steel segment provides a wide range of solutions for steel production consisting of refractories. The company has an equal amount of R&D expenditure in all its three business segments. Globally, the company has 35 production and raw material facilities, 70 sales offices, and shipping to 180 countries.

Recent Developments

  • In August 2018, Saint- Gobain acquired German company HKO Group   (Germany) that provides a complete range of very high temperature thermal insulation and fire protection solutions. With this acquisition, Saint Gobain entered the high temperature thermal insulation markets. 
  • In August 2018, HarbisonWalker International inaugurated its new manufacturing plant in South Point, Ohio. This plant is especially dedicated towards the manufacturing of monolithic refractories.
  • In July 2018, Vesuvius plc under its brand name Foseco launched its new product namely Novel SCK. This product is specifically dedicated for hand moulding process. The SCK feeding system is designed for use in iron and steel foundries.
  • In July 2018, CoorsTek has announced the opening of its new R&D center in Uden, Netherlands. This R&D center is responsible for developing technical ceramic capabilities to support CoorsTek’s customers. This center will closely work with CoorsTek R&D team in US and Japan.
  • In June 2018, Vesuvius plc under its brand name Foseco launched its new product namely TRIAD Z-189, the lining material is based on white fused alumina with additions of silicon carbide and carbon. This material is specifically formulated to cope with demanding applications in cupola furnace melting.

Critical questions the report answers:

  • What are the upcoming hot bets for the refractories market?
  • What are the market dynamics for different forms of refractories?
  • What are the market dynamics for different end-use industries of refractories?
  • Who are the major manufacturers of refractories?
  • What are the major factors impacting market growth during the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           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
    2.3 Data Triangulation
    2.4 Assumptions for the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Refractories Market
    4.2 Refractories Market, By Major Country
    4.3 Global Refractories Market, By End-Use Industary and Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Infrastructural Development in Emerging Countries
                    5.2.1.2 High Growth Rate Witnessed By the Non-Metallic Minerals Industry
                    5.2.1.3 Growing Demand for High-Grade Refractories From the Iron & Steel Industry
           5.2.2 Restraints
                    5.2.2.1 Restrictions on the Use of Refractories Due to the Growing Environmental Concerns
                    5.2.2.2 Monopoly of China Over Raw Material Supply
           5.2.3 Opportunities
                    5.2.3.1 Recycling of Refractory Materials
                    5.2.3.2 Consolidation of the Market
           5.2.4 Challenges
                    5.2.4.1 Overdependence on the Iron & Steel Industry
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Threat of New Entrants
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Rivalry Among Existing Players
    5.4 Macroeconomic Indicators

6 Refractories Market, By Manufacturing Process (Page No. - 46)
    6.1 Introduction
    6.2 Dry Press Process
    6.3 Fused Cast
    6.4 Hand Molded
    6.5 Formed
    6.6 Unformed

7 Refractories Market, By Form (Page No. - 48)
    7.1 Introduction
    7.2 Shaped Refractories
           7.2.1 Increasing Demand From Boilers, Nuclear Reactors, and Cement Kilns is Driving the Demand for Shaped Refractories
    7.3 Unshaped Refractories
           7.3.1 Qualities Such as Ease-Of-Use and Better Volume Stability are Increasing the Demand for Unshaped Refractories

8 Refractories Market, By Alkalinity (Page No. - 54)
    8.1 Introduction
    8.2 Acidic & Neutral Refractories
           8.2.1 Increasing Demand From Steel, Non-Ferrous Metal, and Cement Industries is Driving the Demand for Acidic & Neutral Refractories
                    8.2.1.1 Silica Refractories
                    8.2.1.2 Fireclay Refractories
                    8.2.1.3 Alumina Refractories
                    8.2.1.4 Zirconia Refractories
                    8.2.1.5 Chromite Refractories
                    8.2.1.6 Carbon Refractories
    8.3 Basic Refractories
           8.3.1 Increasing Demand From High-Temperature Furnaces, Boilers, and Cement Kilns is Driving the Basic Refractories Market
                    8.3.1.1 Magnesite Refractories
                    8.3.1.2 Dolomite Refractories

9 Refractories Market, By End-Use Industry (Page No. - 61)
    9.1 Introduction
    9.2 Iron & Steel
           9.2.1 Demand From Major Steel Making Countries is Driving the Market for Refractories
    9.3 Power Generation
           9.3.1 Demand for Refractories From the Power Generation Industry is Witnessing Slow Growth
    9.4 Non-Ferrous Metal
           9.4.1 Increasing Demand From Automotive and Aviation Industries is Driving the Demand for Refractories for Non-Ferrous Metals
    9.5 Cement
           9.5.1 Infrastructural Developments in Emerging Economies are Driving the Demand for Refractories in the Cement Industry
    9.6 Glass
           9.6.1 Growing Residential and Commercial Construction in Emerging Economies is Driving the Demand for Refractories in the Glass Industry
    9.7 Other Industries
           9.7.1 Growing Chemical and Aerospace Industries are Driving the Demand for Refractories

10 Refractories Market, By Region (Page No. - 71)
     10.1 Introduction
     10.2 APAC
             10.2.1 China
                        10.2.1.1 Growth in the Construction Industry has Increased the Demand for Iron & Steel in the Country
             10.2.2 Japan
                        10.2.2.1 The Growing Automobile Industry Will Increase the Demand for Iron & Steel in the Country
             10.2.3 India
                        10.2.3.1 Growing Iron & Steel, Glass, and Power Generation Industries Will Increase the Demand for Refractories in the Country
             10.2.4 South Korea
                        10.2.4.1 Growth in Electronic & Home Entertainment Industries has Increased the Demand for Glass in the Country
             10.2.5 Australia
                        10.2.5.1 Increasing Demand for Iron & Steel in the Construction Industry Will Boost the Demand for Refractories in the Country
             10.2.6 Rest of APAC
     10.3 Europe
             10.3.1 Russia
                        10.3.1.1 Infrastructural Development and Urbanization have Increased the Demand for Refractories in Russia
             10.3.2 Germany
                        10.3.2.1 Growth of the Construction Industry has Boosted the Demand for Refractories in Germany
             10.3.3 Turkey
                        10.3.3.1 Increased Demand for Iron & Steel has Boosted the Demand for Refractories in the Country
             10.3.4 Italy
                        10.3.4.1 Cement and Glass Industries are Driving the Refractories Market in Italy
             10.3.5 France
                        10.3.5.1 Increased Demand From Iron & Steel and Non-Ferrous Metals Industries has Boosted the Demand for Refractories in France
             10.3.6 Spain
                        10.3.6.1 Increased Export of Iron & Steel has Boosted the Demand for Refractories in Spain
             10.3.7 UK
                        10.3.7.1 Increased Demand From Glass and Iron & Steel Industries has Boosted the Demand for Refractories in the Country
             10.3.8 Rest of Europe
     10.4 North America
             10.4.1 US
                        10.4.1.1 Increased Demand for Iron & Steel has Boosted the Demand for Refractories in the Country
             10.4.2 Canada
                        10.4.2.1 The Construction Industry has Boosted the Demand for Refractories in the Country
             10.4.3 Mexico
                        10.4.3.1 Increased Demand for Automobiles has Boosted the Demand for Refractories in the Country
     10.5 Middle East & Africa
             10.5.1 Saudi Arabia
                        10.5.1.1 The Growth of the Power Generation Sector Will Boost the Demand for Refractories in the Country
             10.5.2 South Africa
                        10.5.2.1 The Growth of the Construction Sector to Boost the Demand for Refractories in the Country
             10.5.3 UAE
                        10.5.3.1 The Development of the Non-Oil Sector to Boost the Demand for Refractories in the Country
             10.5.4 Rest of Middle East & Africa
     10.6 South America
             10.6.1 Brazil
                        10.6.1.1 The Increasing Demand for Iron & Steel and Glass to Boost the Demand for Refractories
             10.6.2 Argentina
                        10.6.2.1 The Increasing Demand for Non-Ferrous Metals to Boost the Demand for Refractories
             10.6.3 Rest of South America

11 Competitive Landscape (Page No. - 112)
     11.1 Introduction
     11.2 Competitive Scenario
     11.3 Ranking of Key Players, 2017
     11.4 Competitive Situations & Trends
             11.4.1 Mergers & Acquisitions
             11.4.2 New Product Developments
             11.4.3 Expansions

12 Company Profiles (Page No. - 121)
     12.1 RHI Magnesita
             12.1.1 Business Overview
             12.1.2 Products Offered
             12.1.3 Recent Developments
             12.1.4 SWOT Analysis
             12.1.5 MnM View
     12.2 Vesuvius
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 Krosaki Harima
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 Recent Developments
             12.3.4 SWOT Analysis
             12.3.5 MnM View
     12.4 Shinagawa Refractories
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 SWOT Analysis
             12.4.4 MnM View
     12.5 Saint-Gobain
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.4 SWOT Analysis
             12.5.5 MnM View
     12.6 Corning Incorporated
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 SWOT Analysis
             12.6.4 MnM View
     12.7 Morgan Advanced Materials
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
             12.7.4 SWOT Analysis
             12.7.5 MnM View
     12.8 Coorstek Incorporated
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
     12.9 Harbisonwalker International
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
     12.10 Imerys
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments
             12.10.4 SWOT Analysis
             12.10.5 MnM View
     12.11 Chosun Refractories
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 SWOT Analysis
             12.11.4 MnM View
     12.12 Additional Companies
             12.12.1 Puyang Refractories Group
             12.12.2 IFGL Refractories
             12.12.3 Resco Products
             12.12.4 Refractechnik Holding GmbH
             12.12.5 Minteq International
             12.12.6 Magnezit Group
             12.12.7 Cerco
             12.12.8 Almatis GmbH
             12.12.9 Alteo Holding
             12.12.10 Aluchem
             12.12.11 Lhoist
             12.12.12 Allied Minerals Products
             12.12.13 Zhejiang Zili Advanced Materials
             12.12.14 Ruitai Materials Technology
             12.12.15 Liaoning Qinghua Refractories Co. Ltd.

13 Appendix (Page No. - 163)
     13.1 Excerpts From Expert Interviews
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports


List of Tables (81 Tables)

Table 1 Trends and Forecast of the Construction Industry, By Country, 2014–2018 (USD Billion)
Table 2 World Crude Steel Production, By Major Country, 2016–2017 (Million Ton)
Table 3 Refractories Market Size, By Form, 2016–2023 (USD Million)
Table 4 Refractories Market Size, By Form, 2016–2023 (Kiloton)
Table 5 Shaped Refractories Market Size, By Region, 2016–2023 (USD Million)
Table 6 Shaped Refractories Market Size, By Region, 2016–2023 (Kiloton)
Table 7 Unshaped Refractories Market Size, By Region, 2016–2023 (USD Million)
Table 8 Unshaped Refractories Market Size, By Region, 2016–2023 (Kiloton)
Table 9 Refractories Market Size, By Alkalinity, 2016–2023 (USD Million)
Table 10 Acidic & Neutral Refractories Market Size, By Region, 2016–2023 (USD Million)
Table 11 Basic Refractories Market Size, By Region, 2016–2023 (USD Million)
Table 12 Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 13 Refractories Market Size in Iron & Steel Industry, By Region, 2016–2023 (USD Million)
Table 14 Refractories Market Size in Power Generation Industry, By Region, 2016–2023 (USD Million)
Table 15 Refractories Market Size in Non-Ferrous Metal Industry, By Region, 2016–2023 (USD Million)
Table 16 Refractories Market Size in Cement Industry, By Region, 2016–2023 (USD Million)
Table 17 Refractories Market Size in Glass Industry, By Region, 2016–2023 (USD Million)
Table 18 Refractories Market Size in Other End-Use Industries, By Region, 2016–2023 (USD Million)
Table 19 Refractories Market Size, By Form, 2016–2023 (USD Million)
Table 20 Refractories Market Size, By Form, 2016–2023 (Kiloton)
Table 21 Refractories Market Size, By Alkalinity, 2016–2023 (USD Million)
Table 22 Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 23 Refractories Market Size, By Region, 2016–2023 (USD Million)
Table 24 Refractories Market Size, By Region, 2016–2023 (Kiloton)
Table 25 APAC: Refractories Market Size, By Form, 2016–2023 (USD Million)
Table 26 APAC: Refractories Market Size, By Form, 2016–2023 (Kiloton)
Table 27 APAC: Refractories Market Size, By Alkalinity, 2016–2023 (USD Million)
Table 28 APAC: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 29 APAC: Refractories Market Size, By Country, 2016–2023 (USD Million)
Table 30 APAC: Refractories Market Size, By Country, 2016–2023 (Kiloton)
Table 31 China: Refractories Market Size, By End-Use Industry 2016–2023 (USD Million)
Table 32 Japan: Refractories Market Size, By End-Use Industry 2016–2023 (USD Million)
Table 33 India: Refractories Market Size, By End-Use Industry 2016–2023 (USD Million)
Table 34 South Korea: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 35 Australia: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 36 Rest of APAC: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 37 Europe: Refractories Market Size, By Country, 2016–2023 (USD Million)
Table 38 Europe: Refractories Market Size, By Country, 2016–2023 (Kiloton)
Table 39 Europe: Refractories Market Size, By Form, 2016–2023 (USD Million)
Table 40 Europe: Refractories Market Size, By Form, 2016–2023 (Kiloton)
Table 41 Europe: Refractories Market Size, By Alkalinity, 2016–2023 (USD Million)
Table 42 Europe: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 43 Russia: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 44 Germany: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 45 Turkey: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 46 Italy: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 47 France: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 48 Spain: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 49 UK: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 50 Rest of Europe: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 51 North America: Refractories Market Size, By Form, 2016–2023 (USD Million)
Table 52 North America: Refractories Market Size, By Form, 2016–2023 (Kiloton)
Table 53 North America: Refractories Market Size, By Alkalinity, 2016–2023 (USD Million)
Table 54 North America: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 55 North America: Refractories Market Size, By Country, 2016–2023 (USD Million)
Table 56 North America: Refractories Market Size, By Country, 2016–2023(Kiloton)
Table 57 US: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 58 Canada: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 59 Mexico: Refractories Market Size, By End-Use Industry 2016–2023 (USD Million)
Table 60 Middle East & Africa: Refractories Market Size, By Form, 2016–2023 (USD Million)
Table 61 Middle East & Africa: Refractories Market Size, By Form, 2016–2023 (Kiloton)
Table 62 Middle East & Africa: Refractories Market Size, By Alkalinity, 2016–2023 (USD Million)
Table 63 Middle East & Africa: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 64 Middle East & Africa: Refractories Market Size, By Country, 2016–2023 (USD Million)
Table 65 Middle East & Africa: Refractories Market Size, By Country, 2016–2023 (Kiloton)
Table 66 Saudi Arabia: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 67 South Africa: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 68 UAE: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 69 Rest of Middle East & Africa: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 70 South America: Refractories Market Size, By Form, 2016–2023 (USD Million)
Table 71 South America: Refractories Market Size, By Form, 2016–2023 (Kiloton)
Table 72 South America: Refractories Market Size, By Alkalinity, 2016–2023 (USD Million)
Table 73 South America: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 74 South America: Refractories Market Size, By Country, 2016–2023 (USD Million)
Table 75 South America: Refractories Market Size, By Country, 2016–2023 (Kiloton)
Table 76 Brazil: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 77 Argentina: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 78 Rest of South America: Refractories Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 79 Mergers & Acquisitions, 2013–2018
Table 80 New Product Developments, 2013–2018
Table 81 Expansions, 2013–2018


List of Figures (49 Figures)

Figure 1 Refractories Market: Research Design
Figure 2 Refractories Market: Bottom-Up Approach
Figure 3 Refractories Market: Top-Down Approach
Figure 4 Iron & Steel Industry to Dominate the Refractories Market Between 2018 and 2023
Figure 5 Unshaped Refractories to Dominate the Refractories Market Between 2018 and 2023
Figure 6 Acidic & Neutral Refractories to Witness the Highest Growth Between 2018 and 2023
Figure 7 APAC to Be the Largest as Well as the Fastest-Growing Refractories Market
Figure 8 Growing Cement and Glass Industries to Drive the Market During the Forecast Period
Figure 9 China and India to Be the Fastest-Growing Markets During the Forecast Period
Figure 10 The Iron & Steel Industry and China Accounted for the Largest Share in the APAC Refractories Market in 2017
Figure 11 Drivers, Restraints, Opportunities, and Challenges in the Refractories Market
Figure 12 Porter’s Five Forces Analysis
Figure 13 Unshaped Refractories to Dominate the Refractories Market Between 2018 and 2023
Figure 14 APAC to Be the Largest Market for Refractories Through 2023
Figure 15 APAC to Be the Largest Market for Unshaped Refractories Through 2023
Figure 16 Acidic & Basic Refractories Was the Largest Segment in 2017
Figure 17 APAC to Be the Largest Market for Acidic & Neutral Refractories Through 2023
Figure 18 APAC to Be the Largest Market for Basic Refractories Through 2023
Figure 19 The Iron & Steel Industry to Dominate the Overall Refractories Market Between 2018 and 2023
Figure 20 APAC to Be the Largest Market for Refractories in the Iron & Steel Industry Between 2018 and 2023 (USD Million)
Figure 21 APAC to Dominate the Refractories Market in the Glass Industry Between 2018 and 2023
Figure 22 APAC to Dominate the Market During Forecast Period
Figure 23 APAC: Market Snapshot
Figure 24 Europe: Market Snapshot
Figure 25 North America: Market Snapshot
Figure 26 Middle East & Africa: Market Snapshot
Figure 27 South America: Market Snapshot
Figure 28 Key Developments in the Refractories Market, 2013–2018
Figure 29 RHI Magnesita Led the Refractories Market in 2017
Figure 30 RHI Magnesita : Company Snapshot
Figure 31 RHI Magnesita : SWOT Analysis
Figure 32 Vesuvius : Company Snapshot
Figure 33 Vesuvius : SWOT Analysis
Figure 34 Krosaki Harima: Company Snapshot
Figure 35 Krosaki Harima: SWOT Analysis
Figure 36 Shinagawa Refractories: Company Snapshot
Figure 37 Shinagawa Refractories : SWOT Analysis
Figure 38 Saint-Gobain : Company Snapshot
Figure 39 Saint-Gobain : SWOT Analysis
Figure 40 Corning Incorporated: Company Snapshot
Figure 41 Corning Incorporated: SWOT Analysis
Figure 42 Morgan Advanced Materials: Company Snapshot
Figure 43 Morgan Advanced Materials: SWOT Analysis
Figure 44 Coorstek Incorporated: Company Snapshot
Figure 45 Harbisonwalker International: Company Snapshot
Figure 46 Imerys: Company Snapshot
Figure 47 Imerys: SWOT Analysis
Figure 48 Chosun Refractories: Company Snapshot
Figure 49 Chosun Refractories : SWOT Analysis

The study involved four major activities in estimating the current market size for refractories. Exhaustive secondary research was done to collect information on the market, peer markets, and 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 segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to for identifying and collecting information for this study. Secondary sources included annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.

Primary Research

The refractories market comprises several stakeholders such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the developments in the iron & steel, glass, non-ferrous metals, power generation, and cement industries. The supply side is characterized by market consolidation activities undertaken by refractory producers. Several primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following are the breakdown of primary respondents

Refractories Market

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

Market Size Estimation:

Both Top-down and Bottom-up approaches were used to estimate and validate the total size of the refractories market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets 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, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation:

After arriving at the overall market size-using the market size estimation process explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides.

Report Objectives:

  • To identify significant market trends and factors driving, restraining, providing opportunities, and challenging the growth of the refractories market
  • To define, describe, and analyze the refractories market based on form, alkalinity, end-use industry, and region
  • To forecast and analyze the size of the refractories market in key regions, namely, APAC, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze each submarket with respect to individual growth trends and its contribution to the overall refractories market
  • To analyze opportunities in the refractories market for stakeholders by identifying high-growth segments of the market
  • To strategically profile the key players in the refractories market and comprehensively analyze their growth strategies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Regional Analysis

  • A further breakdown of the regional refractories market to the country level by end-use industry

Country Information

  • Regional market split by major countries

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
CH 3973
Published ON
Oct, 2019
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