Refractories Market Size, Research, Analysis - PowerPoint PPT Presentation

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Refractories Market Size, Research, Analysis

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The global refractories market catered the revenue of nearly USD 20.4 billion in the year 2021 and is expected to grow at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The growth of the market can be primarily attributed to the growing number of residential and commercial infrastructures in developing economies. – PowerPoint PPT presentation

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Date added: 14 April 2022
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Title: Refractories Market Size, Research, Analysis


1
Global Refractories Market to Grow at a CAGR of
6 During 2022 2031 Accounting to Constant
Development of Infrastructure Worldwide Kenneth
Research published a report titled Refractories
Market Global Demand Analysis Opportunity
Outlook 2031 which delivers detailed overview of
the global refractories market in terms of
market segmentation by product, form, alkalinity,
application, and by region. Further, for the
in-depth analysis, the report encompasses the
industry growth indicators, restraints, supply
and demand risk, along with detailed discussion
on current and future market trends that are
associated with the growth of the market. The
global refractories market catered the revenue of
nearly USD 20.4 billion in the year 2021 and is
expected to grow at a CAGR of 6 over the
forecast period, i.e., 2022 2031. On the basis
of application, the market is segmented into
glass, cement, iron steel, non-ferrous
material, and others. The iron and steel segment
is estimated to grow at a moderate CAGR over the
forecast period on the back of growing demand for
consumer goods such as automobiles, as well as
increasing use of iron steel in the
construction industry. Refractories are defined
as the ceramics material that can easily survive
very high temperatures during the manufacturing
process. Owing to the higher heat resistance
properties of the material as compared to metals,
it makes the material suitable for lining the
inside of hot surfaces during industrial
processes. The growth of the global refractory
market can be majorly attributed to the prominent
use of refractories in cement and glass
production, along with the heat resistance
properties of refractories and constant
development in construction sector, and growing
use of refractories multiple industries. On the
basis of region, the global refractories market
is segmented into five major regions including
North America, Europe, Asia Pacific, Latin
America, and Middle East Africa region. Out of
these, the market in Asia Pacific is expected to
show noteworthy growth by growing a modest CAGR
over the forecast period. The presence of
industries such as
2
iron steel, power generation, and glass among
others in the region is expected to be a major
reason to drive the growth of the market. The
research is global in nature and covers detailed
analysis on the market in North America (U.S.,
Canada), Europe (U.K., Germany, France, Italy,
Spain, Hungary, Belgium, Netherlands
Luxembourg, NORDIC Finland, Sweden, Norway,
Denmark, Poland, Turkey, Russia, Rest of
Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia,
Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa
(Israel, GCC Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman, North Africa, South Africa,
Rest of Middle East and Africa). In addition,
analysis comprising market size, Y-O-Y growth
opportunity analysis, market players competitive
study, investment opportunities, demand for
future outlook etc. has also been covered and
displayed in the research report.
Request sample report https//www.kennethresearch
.com/sample- request-10085996 Use of
Refractories in Various Industries is Expected to
Influence the Global Refractories Market Growth
3
The properties of refractories such as, extremely
high melting point, phenomenal abrasion,
corrosion, and thermal shock resistance, as well
as excellent heat and electrical conductivity,
make the application of refractories valuable.
Industries such as cement production, iron
steel, automotive and many others are the largest
consumers of refractories. For instance, the
international car sales under automotive industry
alone reached approximately 70 million units
globally in year 2021. The growing sale of
automobiles is directly anticipated to positively
influence the demand for refractories. Hence,
the growing use of refractories in several
industries are expected to play a key role in
the growth of the global refractories
market. However, high cost of raw material as
well as shortage of raw materials in the world,
and threat to environment from excessive use of
refractories are expected to operate as key
restraint to the growth of global refractories
market over the forecast period. This report also
provides the existing competitive scenario of
some of the key players of the global
refractories market which includes company
profiling Refratechnik Holding GmbH, AluChem,
Inc., ALTEO Entities, ArcelorMittal, Shinagawa
Refractories Co., Ltd., IFGL Refractories Ltd.,
Krosaki Harima Corporation, RHI Magnesita GmbH,
Vesuvius plc, Saint-Gobain Ceramics Plastics,
Inc., CoorsTek, Inc., Imerys S.A., and others.
The profiling enfolds key information of the
companies which encompasses business overview,
products and services, key financials and recent
news and developments. On the whole, the report
depicts detailed overview of the global
refractories market that will help industry
consultants, equipment manufacturers, existing
players searching for expansion opportunities,
new players searching possibilities and other
stakeholders to align their market centric
strategies according to the ongoing and expected
trends in the future. Request sample report
https//www.kennethresearch.com/sample-
request-10085996 Kenneth Research is a leading
service provider for strategic market research
and consulting. We aim to provide unbiased,
unparalleled market insights and industry
analysis to help industries, conglomerates and
executives to take wise decisions for their
4
future marketing strategy, expansion and
investment etc. We believe every business can
expand to its new horizon, provided a right
guidance at a right time is available through
strategic minds. Our out of box thinking helps
our clients to take wise decision in order to
avoid future uncertainties. Contact for more
Info AJ Daniel Email sales_at_kennethresearch.com
U.S. Phone 1 313 462 0609
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