About Refractory Recycling
Recycling of refractory is becoming more popular to reduce the environmental effect due to the disposal of refractory materials. Refractory materials are widely used across various industries like metal, cement, glass, and ceramics due to their high resistance to heat, pressure, or chemical attack. Increasing government initiatives to minimize refractory waste and reduce carbon emission will accelerate the growth of recycling of refractory materials. The application of high alumina refractories hearth and shaft of blast furnaces, lime, and ceramic kilns, cement kilns, glass tanks for melting a wide range of metals will increase the demand for recycling of high alumina refractories.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Valoref (France), RHI Magnesita (Austria), Horn & Co. Group (Germany), SEBOREF s.r.o. (Czechia), Alfaref GmbH (Germany), Zarin Refractory (Turkey), Sarmad Shamim (Iran), Recycling Services International, LLC (United States), KAEFER SE & Co. KG (Germany), Chaitanya Refractory (India), ArcelorMittal S.A. (Luxembourg), Ginni Refractories Pvt. Ltd. (India), AFT Glass (United Kingdom) and LKAB Minerals (Sweden) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Refractory Recycling market by , Application (Furnaces, Kilns, Incinerators, Reactors, Industrial and Others) and Region.
On the basis of geography, the market of Refractory Recycling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. On-Site Recycling will boost the Refractory Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Bricks will boost the Refractory Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Refractory Process, the sub-segment i.e. Production of Fused Products will boost the Refractory Recycling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Innovation and Improvements in Recycling Technologies for High-Grade Recycling of Refractory Waste and Recycling of High Alumina Refractories Due to Its Substantially Higher Environmental Benefits, On a Per Ton Basis
Market Growth Drivers:
Rapidly Growing Steel Industry and Increasing Use of Refractories in the Iron and Steelmaking Process, Growing Popularity of Recycling of Used Refractory Materials in the European Countries and Increasing Demand for Firebricks to Form Structures for Metallurgical Operations and Glass Manufacturing Industry
Challenges:
Disadvantages Associated with Some Types of Recycled Refractory Materials like Fire Clay Brick May Slowdown the Growth
Restraints:
High Cost of Recycling Due to Limited Refractory Raw Materials and Insufficient Infrastructural Facilities for the Recycling or Refractory in Some Developing and Underdeveloped Countries
Opportunities:
Increasing Initiatives and Strict Regulations by the Government Towards the Recycling and Protect Environment and Growing Need for High Alumina Cement Due to Increasing Sewer Infrastructures and Marine Construction Across the Globe
Market Leaders and their expansionary development strategies
In February 2022, Şişecam, a global player in glass production has acquired Italy-based refractory materials manufacturer, Refel. Refel manufacturers a wide range of refractory products that are widely used in the different types of glass furnaces. Şişecam also plays a leading role in the automotive, mining, energy, and recycling sectors. With this acquisition, the main aim of Şişecam is to eliminate risks related to the disrupted supply chain and secure its refractory supply in order to realize its new investments in glass manufacturing.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Refractory Recycling Service Providers, Refractory Recycling Equipment Manufacturers, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-user Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.