About Refractories
Refractory is the material which is resistant to decomposition by heat, pressure, or chemical attack, and retains strength and form at high temperatures. They are inorganic, nonmetallic, porous, and heterogeneous. The materials are typically composed of oxides of the materials such as silicon, aluminum, magnesium, calcium, and zirconium. According to American Society of Testing and Materials, refectories consist of physical and chemical properties which make them applicable for structures or components of system. They are used in furnaces, kilns, incinerators, and reactors. In addition they are also used for making crucibles and molds for casting glass and metals and for surfacing flame deflector systems for rocket launch structures
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Refractories market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
RHI Magnesita (Austria), Vesuvius (United Kingdom), Krosaki Harima (Japan), Shinagawa Refractories (Japan), Saint-Gobain (France), Corning Incorporated (United States), Morgan Advanced Materials (United Kingdom), CoorsTek, Inc. (United States), HarbisonWalker International, Inc. (United States) and IMERYS (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Chosun Refractories (South Korea), Puyang Refractories (China), IFGL Refractories (India), Resco Products, Inc. (United States) and Refractechnik Holding GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Refractories market by and Region.
On the basis of geography, the market of Refractories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Form , the sub-segment i.e. Shaped will boost the Refractories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use Industry , the sub-segment i.e. Iron & Steel will boost the Refractories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Alkalinity , the sub-segment i.e. Acidic & Neutral will boost the Refractories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Composition , the sub-segment i.e. Clay-based will boost the Refractories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Manufacturing Process , the sub-segment i.e. Dry Press Process will boost the Refractories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Energy Efficient Technique in Steel Making
Market Growth Drivers:
Rising Infrastructural Developments in Developing Economies and Growing Iron and Steel Industry across the World
Challenges:
Emission of Volatile Organic Compounds may hamper the Market
Restraints:
Environmental Concerns and Health and Safety Issues
Opportunities:
Recycling of Refractories Materials is Boosting the Market and Increasing Growth Rate of Non-Metallic Material Industry
Market Leaders and their expansionary development strategies
August 2018, Saint- Gobain has acquired German company HKO Group which provides a complete range of very high temperature thermal insulation and fire protection solutions. With this acquisition, Saint Gobain entered the high temperature thermal insulation markets.
In August 2018, Harbison Walker International has inaugurated its new manufacturing plant in South Point, Ohio. This plant is especially dedicated to the manufacturing of monolithic refractories.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations 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.