HOME Research Insight New Product Launches/Developments, Expansions, and Mergers & Acquisitions are the Key Development Strategies Adopted by the Leading Market Players in the Global Refractories Market



New Product Launches/Developments, Expansions, and Mergers & Acquisitions are the Key Development Strategies Adopted by the Leading Market Players in the Global Refractories Market


Key companies manufacturing refractories were mainly involved in mergers & acquisition and new product launches to strengthen their position in the market from 2012 to 2016. The refractories market is growing at a moderate pace. The increase in the number of mergers & acquisitions indicates that the market has witnessed lower demands in the past years and hence many companies who are either the manufacturers or end users are aiming to consolidate the market. The companies are also extensively working on enhancing their product portfolio and bringing out new, customized products.

Expansion was considered the second-most preferred growth strategy by the manufacturers, and accounted for 20.8% of the total development strategies in the global refractories market between 2012 and 2016. The market players are expanding to increase their production and distribution facilities, especially in Asia-Pacific and Middle East & Africa.

Major manufacturers, such as 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.), among others, are profiled in this report. These companies have adopted various organic and inorganic growth strategies such as new product launches/developments, expansions, and mergers & acquisitions.

RHI AG (Austria), Saint-Gobain S.A. (France), Vesuvius Plc. (U.K.), Morgan Advanced Materials Plc. (U.K.), and Shinagawa Refractories Co., Ltd. (Japan) are the leading players in the global refractories market. These companies accounted for the highest number of strategic activities, with mergers & acquisitions being the most preferred one.

Saint-Gobain S.A. (France) is one of the largest manufacturers of refractories in the world. Saint-Gobain SEFPRO, a brand of the company, is completely dedicated to offer refractory solutions for the glass industry. In December 2016, the company acquired the shares of Pieta Glass Working (Romania), which deals in glass processing and insulating glazing systems for façade markets and certain industrial applications. This acquisition helped the company expand its business and industrial footprint to serve the growing façade markets and maintains its position in the industrial applications market by offering products at an optimized cost.

RHI AG (Austria) is another major refractories manufacturing company involved in the production of high-grade refractory products, systems, and services. It produces more than 1.5 million tons of refractory products per year. RHI AG signed an agreement with the controlling shareholders of Magnesita, GP and Rhône, to combine the operations of RHI and Magnesita to create a refractory company named RHI Magnesita. RHI Magnesita would be a leading refractory company with enhanced growth profile due to improved regional presence and complementary asset portfolios. This agreement will help RHI migrate to the Netherlands and subsequently be listed on the London Stock Excha

Related Reports:

Refractories Market by Form (Shaped, Unshaped), Alkalinity (Acidic & Neutral, Basic), End-Use Industry (Iron & Steel, Glass, Cement, Non Ferrous Metal), and Region (Asia-Pacific, North America, Western Europe) - Global Forecast to 2022

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