Refractory Market (By Type: Shaped Refractory Materials, Unshaped Refractory Materials; By Application: Iron & Steel, Cement /Lime, Nonferrous Metals, Glass, Ceramics, Teeming Ladle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 218

Introduction

Refractories are inorganic nonmetallic material which can resist high temperature without undergoing physico-chemical changes while remaining in contact with molten slag, gases and metal. Mainly to meet the range of processing conditions with different properties, it is essential to produce range of refractory materials. For various applications, the refractory range includes chemically, fired and carbon bonded materials that are made in different combinations and shapes. Refractory is required to minimize heat losses from the reaction chamber and allow thermal energy dependent conversion of chemically reactive reactants into products because metallic vessels are not suitable. The materials used for refractory should be able to resist high temperature, load at service conditions, sudden changes of temperature, and chemical and abrasive action of phases. Also the refractory material should not infect the materials with which it is in contact. The cost and quality of steel products are vitally impacted by refractory materials. Increasing demand for high quality refractory is due to diversification of steel products and their required cleanliness. In addition, steelmaking requires temperatures in the order of 1600ºC and steelmaking handles required high temperature phases like molten steel, slag and hot gases. High quality refractory at a cheaper cost is the major necessity as the cost of refractory adds into the cost of product.

Market Dynamics

Owing to the rising demand of high performance refractories along with the increasing production of steel, glass materials and cement is witnessing the steady growth in the market across the globe. The prominent end-user of the refractories include iron & steel, non metallic minerals such as glass & ceramic and nonferrous metals. The most dominating end use industry is iron and steel which accounted for more than 70% of overall consumption in 2017 and is expected to continue its dominance throughout the forecasted period. The production of steel has reduced drastically which has hindered the global refractory consumption across the globe. Furthermore, high growth in other end-use industries namely, lime, glass, ceramic has balanced the consumption of overall market. Moreover, other factors driving the market growth include growing construction industry across the globe due to considerable growth in demand for glass and ceramic industry.

Among all refractory types, unshaped refractory materials held major position in terms of market share. Unshaped refractory is anticipated to be the fastest-growing segment during forecast period. The continuous R&D activities taking place in this segment is attributed to the rapid growth of unshaped refractories segment. Moreover, the availability of unshaped refractories in different compositions caters to the specific requirements of different end-use industries which makes it the most preferable and fastest growing segment in the market.

The market research study on Refractory Market (Type: Type: Shaped Refractory Materials, Unshaped Refractory Materials; Application: Iron & Steel, Cement /Lime, Nonferrous Metals, Glass, Ceramics, Teeming Ladle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, offers a detailed insights on the global refractory market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global refractory market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global refractory market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The refractory market analysis is provided for major regional markets including North America, Europe, China, Southeast Asia, Japan, India, and ROW followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. Asia-Pacific region is anticipated to held largest market share, followed by Africa, Eastern Europe, and Central and South America. Increasing growth in steel industry, cement and other heavy manufacturing industries are the major factors to boost the shares of all refractory volume gains in China. Rise in volume of refractories consumed is mainly because of the economic conditions in areas such as the U.S., Western Europe, and Japan and output of ferrous metals. Owing to the efficient manufacturing techniques, it will be more difficult to reduce consumption in developing countries compared to less developed countries as there is rise in output gains and rise in demand of refractory. The players profiled in the report include RHI AG, VESUVIUS, Magnesita, KROSAKI, SHINAGAWA, Imerys, HWI, MORGAN CRUCIBLE, Resco, Qinghua, Puyang Refractory, Sinosteel, Lier, Jinlong, Sujia, and among others.

Market Segmentation

Market By Type

  • Shaped Refractory Materials
  • Unshaped Refractory Materials

Market By Application

  • Iron & Steel
  • Cement/Lime
  • Nonferrous Metals
  • Glass Ceramics
  • Teeming Ladle

Market By Geography

  • North America
  • Europe
  • China
  • Southeast Asia
  • Japan
  • India
  • Rest of the World


Related Reports

Lignin Market (By Product: Ligno-sulphonates, Organosolv Lignin, Kraft Lignin, Others; By Application: Macromolecules, Aromatics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop

Graphene Market (By Product: Graphene nanoplatelets, Graphene oxide, Others; By Application: Electronics, Composites, Energy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Increasing demand for lightweight and durable products for different parts, incl

Acetic Acid Market (By Manufacturing Process: Synthetic route{ Methanol carbonylation, Terephthalic/isophthalic acid coproduct, Paraffin oxidation, Oxidation of hydrocarbons, Olefin oxidation}, Biological route; By Application: Vinyl acetate monomer, Monochloroacetic, Acetic anhydride, Terephthalic acid, Acetate esters, Dimethylacetamide, Ketene, Textiles, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global acetic acid market size is expected to worth around US$ 16.4 billion by 2026 and forecasted to grow at striking CAGR around 6.2% over the forecast time frame 2019 to 2026, According to Acumen Research and Consulting. The report provides analysis of global acetic acid market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Also re

Hydrogen Peroxide Market (By End User: Mining, Chemical, Paper & pulp, Wastewater Treatment and Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global hydrogen peroxide market size is expected to reach around US$ 6.3 billion by 2026 and forecasted to grow at a CAGR of 5.2 % over forecast period 2019 to 2026. Hydrogen peroxide or H2O2 was identified in 1818 as a chemical compound. It is a transparent liquid that is used mainly in diverse sectors because of its superior bleaching properties. This chemical compound is marginally more viscous than wate

Chondroitin Sulfate Market (By Source: Bovine, Swine, Poultry, Shark, Synthetic; By Application: Dietary Supplements, Pharmaceutical, Cosmetics, Veterinary Use) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global chondroitin sulfate market size is anticipated to worth around US$ 1.5 billion by 2026 and growing at a CAGR of 3.3 % over the forecast time period 2019 to 2026. Chondroitin sulfate is also regarded as glycosaminoglycan sulfated glucose (GAG). Chondroitin sulfate comprises a large alternating sugar chain including glucuronic acid and N-acetylgalactosamine. Chondroitin sulfate is a chemical compound d

Biological Seed Treatment Market (By Product: Microbials, Botanicals and Others; By Function: Seed Enhancement, Seed Protection; By Crop Type: Vegetable Crops, Wheat, Corn, Soybean, Sunflower, Cotton, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction According to Acumen Research and Consulting, the global biological seed treatment market size is expected to worth around US$ 2 billion by 2026 and to grow at striking CAGR around 11.2 % from 2019 to 2026. The report provides analysis of global Biological Seed Treatment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Ins

Cart Summary