Refractory Bricks Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC587

Introduction

Refractory is the material that retains its strength even at high temperatures. Refractory is used in making crucibles and moulds in order to cast the metals and glass. In addition, they are also used in surfacing the flame deflector systems that are used for rocket launch structures. The iron and steel industry holds a significant share in global refractory bricks market.

There are different sorts of refractory bricks accessible in the market today. They vary in their structure and specific heat handling limits. By picking the correct refractory brick, one can create a cost-effective, safe and less maintenance heating systems that conveys ideal performance. On the other hand, wrong decision of refractory bricks accompanies high downtimes, general equipment failures, and expanded work place accidents.

Market Dynamics

The global building and construction industry has witnessed a boom in past few years. This in turn, has led to augment in the demand for refractory bricks, thus fueling the growth of global refractory bricks market. High thermal, mechanical and chemical resistance properties of refractory bricks are expected to boost its demand over the forecast period. Refractory bricks also offer advantages such as corrosion resistance, shock resistance, and low permeability among others. In addition, the product design as per client’s requirement has become a trend in global refractory bricks market. The government support and spending for the growth of construction industry is also expected to boost the global refractory bricks market over the forecast period.

High raw material cost is one of the major factors that is expected to hamper the growth of global refractory bricks market over the forecast period. In addition to this, the research and development activities by major manufacturers in the market are also anticipated to bring in new product innovations, thus creating new opportunities in the market.

Market Classification and Overview

The global refractory bricks market is bifurcated on the basis of type, material, application and geography. On the basis of type, the market is classified as unshaped and shaped. The global market is bifurcated based on material as alumino-silicates, silicon carbides and ceramic bricks. The global refractory bricks market is also segmented based on application as furnaces, metallurgy, kilns, incinerators and others.

Regional Overview

The market for refractory bricks is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Europe was the major contributors to the growth of refractory bricks market in 2015, owing to the upsurge in expansion of construction sector in this region. Asia-Pacific is also anticpated to hold a significant share in the global market. The market for refractory bricks in Asia-Pacific is further projected to witness highest growth in coming years owing to the rapid increase in disposable income of consumers in the region.

Report Coverage

Market

Refractory Bricks Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Type, Material, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Magnesita, RHI, Refratechnik Cement GmbH, ArcelorMittal Refractories, Kelsen, TRL Krosaki, Rath, Qinghua Refractories, Industrial Minerals, Vitcas, J. R. Refractory, ThermaGlo, Melbourne Fire Brick Company and Darley Firebrick are the key players in the refractory bricks market. These players involved have adopted the strategies including expansion and mergers and acquisitions with local players in the emerging economies.

Market Segmentation

Market By Type

·         Unshaped

·         Shaped

Market By Type

·         Alumino-Silicates

·         Silicon Carbides

·         Ceramic Bricks

Market By Application

·         Furnaces

·         Metallurgy

·         Kilns

·         Incinerators

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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