Refractories Market by Form, Alkalinity, End-Use Industry and Region - Global Forecast to 2023

1/24/2019, 3:45 PM (Source: GlobeNewswire)

Dublin, Jan. 24, 2019 (GLOBE NEWSWIRE) -- The "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 has been added to's offering.

The Global Refractories Market is Estimated to be USD 23.3 Billion in 2018 and is Projected to Reach USD 26.3 Billion by 2023, at a CAGR of 2.5%

Refractories are non-metallic materials that are resistant to thermal stress and have high-temperature sustainability. These materials are resistant to thermal shock, are chemically inert, and have a specific range of thermal conductivity and coefficient of thermal expansion. Refractories find applications in various end-use industries because of their unique properties. Contrary to conventional refractory materials, modern refractories are manufactured using specialized materials, which are durable, have better thermal shock and slag & corrosion resistance, and low thermal expansion properties. Moreover, these materials have high mechanical strength under high pressure and high temperature, which can vary from very low to very high temperature (approximately 900F to 2,900F).

Unshaped refractories are the more commonly used form of refractories. These refractories accounted for a share of 57.0% of the refractories market, in terms of value, in 2017. The shaped refractories segment accounted for a share of 43.0% in 2017. Various unshaped refractories include plastic refractories, patching refractories, ramming mixes, castables, gunning mixes, fettling mixes, and mortars among others. These are used in many different industries for improved resistance to thermal stress and thermal shock as well as mechanical properties with cost-effectiveness. Owing to the properties such as ease of use and better volume stability, unshaped refractories account for the larger share in the global refractories market, by form.

APAC dominated the global refractories market, in terms of both value and volume, in 2017. The massive economic expansion in some of the APAC countries, such as China, India, and Indonesia, is responsible for the high growth rate of the refractories market in the region. Currently, China is the largest market for refractories with a market size of USD 9,169.0 million in 2017 and is projected to register a CAGR of 3.1%, during the forecast period. As the North American construction market is recovering, the refractories market is projected to register a CAGR of 1.9%, while the CAGR for the European refractories market is projected to witness the lowest CAGR of 1.7% between 2018 and 2023.

Continuous expansion and adoption of the acquisition strategy by major market players to increase their market share make the refractories market competitive.

The key participants in the refractories market are RHI Magnesita NV (Austria), Vesuvius Plc. (UK), Shinagawa Refractories Co. Ltd. (Japan), Krosaki Harima Corporation (Japan), Morgan Advanced Materials Plc (UK), Saint-Gobain S.A. (France), Corning Incorporated (US), CoorsTek Incorporated (US), and Imerys SA (France).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Refractories Market
4.2 Refractories Market, By Major Country
4.3 Global Refractories Market, By End-Use Industry and Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increase in Infrastructural Development in Emerging Countries High Growth Rate Witnessed By the Non-Metallic Minerals Industry Growing Demand for High-Grade Refractories From the Iron & Steel Industry
5.2.2 Restraints Restrictions on the Use of Refractories Due to the Growing Environmental Concerns Monopoly of China Over Raw Material Supply
5.2.3 Opportunities Recycling of Refractory Materials Consolidation of the Market
5.2.4 Challenges Overdependence on the Iron & Steel Industry
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Indicators

6 Refractories Market, By Form
6.1 Introduction
6.1.1 Shaped Refractories Increasing Demand From Boilers, Nuclear Reactors, and Cement Kilns is Driving the Demand for Shaped Refractories
6.1.2 Unshaped Refractories Qualities Such as Ease-Of-Use and Better Volume Stability are Increasing the Demand for Unshaped Refractories

7 Refractories Market, By Alkalinity
7.1 Introduction
7.1.1 Acidic & Neutral Refractories Increasing Demand From Steel, Non-Ferrous Metal, and Cement Industries is Driving the Demand for Acidic & Neutral Refractories Silica Refractories Fireclay Refractories Alumina Refractories Zirconia Refractories Chromite Refractories Carbon Refractories
7.1.2 Basic Refractories Increasing Demand From High-Temperature Furnaces, Boilers, and Cement Kilns is Driving the Basic Refractories Market Magnesite Refractories Dolomite Refractories

8 Refractories Market, By End-Use Industry
8.1 Introduction
8.1.1 Iron & Steel Demand From Major Steel Making Countries is Driving the Market for Refractories
8.1.2 Power Generation Demand for Refractories From the Power Generation Industry is Witnessing Slow Growth
8.1.3 Non-Ferrous Metal Increasing Demand From Automotive and Aviation Industries is Driving the Demand for Refractories for Non-Ferrous Metals
8.1.4 Cement Infrastructural Developments in Emerging Economies are Driving the Demand for Refractories in the Cement Industry
8.1.5 Glass Growing Residential and Commercial Construction in Emerging Economies is Driving the Demand for Refractories in the Glass Industry
8.1.6 Other Industries Growing Chemical and Aerospace Industries are Driving the Demand for Refractories

9 Refractories Market, By Region

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Scenario
10.3 Ranking of Key Players, 2017
10.3.1 RHI Magnesita (Austria)
10.3.2 Vesuvius PLC (UK)
10.3.3 Imerys Sa (France)
10.3.4 Krosaki Harima Corporation (Japan)
10.3.5 Shinagawa Refractories (Japan)
10.3.6 Other Major Players
10.4 Competitive Situations & Trends
10.4.1 Mergers & Acquisitions
10.4.2 New Product Developments
10.4.3 Expansions

11 Company Profiles
11.1 RHI Magnesita
11.2 Vesuvius
11.3 Krosaki Harima
11.4 Shinagawa Refractories
11.5 Saint-Gobain
11.6 Corning Incorporated
11.7 Morgan Advanced Materials
11.8 Coorstek Incorporated
11.9 Harbisonwalker International
11.10 Imerys
11.11 Chosun Refractories
11.12 Additional Companies
11.12.1 Puyang Refractories Group
11.12.2 IFGL Refractories
11.12.3 Resco Products
11.12.4 Refractechnik Holding GmbH
11.12.5 Minteq International
11.12.6 Magnezit Group
11.12.7 Cerco
11.12.8 Almatis GmbH
11.12.9 Alteo Holding
11.12.10 Aluchem
11.12.11 Lhoist
11.12.12 Allied Minerals Products
11.12.13 Zhejiang Zili Advanced Materials
11.12.14 Ruitai Materials Technology
11.12.15 Liaoning Qinghua Refractories Co. Ltd.

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Related Topics: Ceramics


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