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.
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 By Type
Market By Application
Market By Geography
The global peptide synthesis market is expected to grow at significant CAGR of 6.6% over the forecast period 2019 to 2026 and reach around more than USD 400 million by 2026. Peptides are organic molecules of a peptide (amide) bound amino acids. Peptide synthesis is the mechanism by which a carboxylic acid from one amino acid is compressed into the amino group of another, forming sh
The global recycled glass market value is expected to reach around 5,723.6 million by 2026 and will grow at a CAGR of 6.0% over forecast period 2019 to 2026. Recycled glass refers to the reusing glass objects, which are preferably used for making virgin glass. The recycling of glass is a cost-effective process of virgin glass production, because it conserves natural resources, saves energy and simple to recycl
The global electric vehicle polymers market size is expected to reach around 159 billion by 2026 growing at a CAGR of around 64.9% over forecast period 2019 to 2026. Electric Vehicle Polymers refers to the polymers used in electric cars for the increasing the efficiency of the vehicle by reducing the weight of the vehicle. Polymers resemble the characteristics of metals such as better flame retardancy, toughne
The global recycled elastomers market size is expected to reach around US$ 6.8 billion by 2026 and growing at a CAGR of above 11.9% over forecast period 2019 to 2026. Elastomer materials are made of polymer materials that are joined by chemical bonds and have high elongation and flexibility properties that increase its applicability in various industries. Elastomers rubber compound
The global recycled thermoplastic market in 2018 was above US$ 50 Bn and is expected to grow more than US$ 103 Bn by 2026. The market is expected to register a CAGR of above 9% from 2019-2026. Thermoplastic polymer has properties such as high-impact strength and heat-resistance and when mixed with the compounded thermoplastic polymer matrix it gives more high performance such as im
The global beverage container market size is expected to reach around US$ 251 billion by 2026 and growing at noteworthy CAGR around 4.2 % throughout the forecast period 2019 to 2026. Beverage container refers to the packaging of beverages with jars & bottles, cartons, pouches, bags-in-boxes or cans. These containers are manufactured from the paperboard, plastics, glass or metals, and also from