Refractories Market by Products, Applications & Regional Growth by 2019-2025

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Refractories Market Growth Outlook with Industry
Review and Forecast 2019-2025
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Global Market Scenario of Refractories Industry

• Refractories market is segmented into neutral,
  basic and acidic based on type. The acidic
  refractories are anticipated to gain more than 3
  by 2025. Acidic refractories are attacked by
  basic slag. They are preferred where slag and
  atmosphere are acidic.
• Refractories market is classified into
  monolithic, brick shapes and others. Other
  refractories products are expected to gain close
  to 3 by 2025. Other refractory products include
  ceramic fibers and refractories raw materials
  used for manufacturing refractories inhouse.
  Ceramic fibers are lightweight, has high
  temperature stability and are thermal shock
  resistant.
• Refractories market is segmented into non-clay
  and clay-based refractories. The market for
  non-clay refractories is expected to gain more
  than 4 by 2025. Non-clay-based refractory is
  usually produced as pressed shape or bricks.
  However, in some case alumina and
  magnesite-chrome materials fused into molds. Raw
  materials used for producing non-clay-based
  refractories are carbonates and oxides of metals
  such as zirconium or magnesium.

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• According to manufacturing process, refractories
  market is divided into formed, dry press process,
  fused cast, hand molded, formed and unformed. In
  terms of revenue, hand molded refractories were
  valued over USD 1.5 billion in 2018. These
  refractories are handmade due to which they do
  not have smooth surface as compared to machine
  made refractories.
• End-user for refractories market is divided into
  non-ferrous metals, non-metallic, iron steel
  and others. Refractories for non-ferrous metals
  are anticipated to gain more than 3.9 by 2025.
  Non-ferrous metals usually include aluminum and
  copper which require large quantity of refractory
  materials for its production.

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360 Industry Analysis

• European refractories market will see a growth
  more than 2.5 till 2025. This is due to moderate
  growth in non-metallic industry in the region
  which will boost demand for glass, cement and
  lime from several end-users such as automotive,
  aerospace, solar panels, etc.
• In Asian countries, government are focusing on
  infrastructure and are investing significant sums
  into fixed assets such as roads, ports, airports,
  energy and power. On the other hand, the outlook
  for property and commercial real estate is
  slightly positive. A healthy spread of
  construction related projects is supporting the
  stability in Asia Pacific. For instance, Thailand
  has recently launched 2016-2020 infrastructure
  plan which will benefit from stable government as
  well as high public and private sector
  participation in the region.
•  

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• Competitive Analysis
• key players in refractories market are Imerys,
  HarbisonWalker International, RHI Magnesita,
  Morgan Advanced Materials, Vesuvius PLC, CoorsTek
  Inc., Krosaki Harima Corp., Resco Products, IFGL
  refractories ltd., Seven Refractories, etc.

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