Refractories Market Size By Form (Bricks & Shapes, Monolithic), By Composition (Clay-based, Nonclay-based), By Type (Acidic, Basic, Neutral), By Manufacturing Process (Dry Press Process, Fused Cast, Hand Molded, Formed, Unformed), By End-user (Iron & Steel, Non-metallic Materials, Non-ferrous Metals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Turkey, China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Qatar, Iran), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2025

Published Date: Jun 2019 | Report ID: GMI3663 | Authors: Kiran Pulidindi, Hemant Pandey Report Format: PDF

  Request Sample Inquiry Before Buying
Summary Table of Contents Industry Coverage Methodology Customize this Report

Industry Trends

Refractories Market Size was over USD 30 Billion in 2018 and will witness a CAGR of more than 4% between 2019 and 2025.
 

U.S. Refractories Market Share, by end-user, 2014-2025 (USD Million)
U.S. Refractories Market Share, by end-user, 2014-2025 (USD Million)

Get more details on this report - Request Free Sample PDF
 

Strong product demand from aerospace, electrical, automotive, glass, cement industries is expected to drive refractories market size globally. It can withstand extreme temperature which is required for modern manufacturing. Being heat-resistant than most of the other metals, they are used for lining hot surfaces found inside many industrial processes. Refractories is available in different shapes and sizes; they are generally pressed, molded or produced in interlocking shapes and wedges for its use in floors and walls.
 

Growing iron and steel industry will have a positive outlook on the market for projected period of time. For instance, the global steel production was 1,433 million tons in 2010 and increased to 1,808 million tons by 2018. The rapid growth of iron and steel industry can be attributed to growing infrastructural projects mainly in emerging economies of Asia Pacific. Moreover, with rising demand for more energy efficient technique in steel making the demand for refractories is estimated to grow in the near future. Emission of volatile organic compounds (VOCs) and its environmental concerns along with health and safety issues related with refractories is likely to hinder the overall refractories market share in forecast time period. However, increasing efficiency of baghouses and fabric filters to control VOC emissions, will have a positive outlook for the market size by 2025.
 

Refractories Market, By Form

Refractories market based on form is segmented into bricks & shapes, monolithic and others. Bricks & shapes accounted for more than 55% of the total industry share in 2018. The bricks & shapes refractories are also called performed refractories and are basically utilized to form the floor tiles, arches and walls of various extreme temperature process equipment. Refractories shape and production depends primarily on the structure and size of furnaces or other services where refractories products are utilized. Only iron blast furnace needs refractories brick of varied shapes and sizes. However, other lining works are composed of standard refractories already available in the market. Special refractories shapes are developed to fulfill the specific lining criteria of each furnace such as stopper heads, arch tiles or over shapes.
 

Refractories Industry, By Composition

Based on composition the market is classified into clay-based and nonclay-based refractories products. Clay based refractories market generated revenue close to USD 16 billion in 2018. Clay based refractories include mullite ceramics, fire clays, etc. They are generally produced as monolithics, preformed brick and also materials which are composed and solidified on-site. Clay based refractories also helps in developing light weight refractories in the form of blankets, vacuum cast shapes and fiberboards.
 

Refractories Market, By Type

Based on type the market is divided into acidic, basic and neutral. Neutral type segment accounted close to 60% of the total industry share in 2018. Neutral refractories cannot be attacked by acid or basic slags and are thus the most preferred product type. Neutral refractories include graphite, chromites, zirconium carbide, silicon carbide, etc. While, graphite is less reactive than other materials, it is also used in metallurgical furnaces where oxidation can be controlled.
 

By Manufacturing Process

Refractories market based on manufacturing process is segmented into unformed, dry press, fused formed, fused cast and hand molded. Fused cast market size in terms of revenue was over USD 4 billion in 2018. The raw materials necessary for refractories in each manufacturing process are oxidized prior to melting by treating it with heat, to reduce oxygen content required for oxidizing molten refractories.
 

Refractories Industry, By End-user

Refractories market based on end-user is segmented into iron & steel, non-metallic materials, non-ferrous metals and others. Iron & steel market size accounted close to 65% of the total industry share in 2018. Iron and steel requires refractories to be used in blast furnaces, basic oxygen making steel vessels, process gas heaters, troughs, electric arc furnace, torpedo ladles, etc. China has well established iron and steel market which represents as an important factor driving refractories production in the country.
 

Refractories Market, By Region

Global Refractories Industry Size, By Region, 2018

Global Refractories Industry Size, By Region, 2018

Get more details on this report - Request Free Sample PDF
 

Asia Pacific led the overall market share and is likely to exhibit gains close to 4.0% CAGR by 2025. The growth of APAC market is largely driven by the growing production and research and development centers in the region. Japan, India and China are the leading contributors in iron & steel, non-ferrous and glass industries. Various industries are growing due to growing per capita expenditure of the population and rising urbanization in the region. These factors are anticipated to drive Asia Pacific refractories market size by 2025.
 

Competitive Market Share

Refractories market share is fragmented due to presence of many small and large scale manufacturers. Prominent market share contributors are RHI Magnesita, Krosaki Harima Corporation, Vesuvius PLC, Shinagawa refractories Co., Ltd., Saint-Gobain, Morgan Advanced Materials, CoorsTek Inc., HarbisonWalker International, Imerys, etc. Most of these industry players are focusing their R&D activities to develop new products with improved properties, to gain more market share. For instance, Imerys subsidiary Calderys recently announced its international expansion into Indonesia and Japan. Calderys signed a strategic joint venture agreement with PT Indoporlen an Indonesian refractories manufacturers and has also acquired Tokai Ceramics Co., Ltd. of Japan.
 

Industry Background

Refractories Market Segmentation

Get more details on this report - Request Free Sample PDF
 

Refractories are materials which have high melting point and can maintain structural properties at very high temperature. Based on forms they are available are bricks & shapes, monolithics and others. Refractories products are clay based which contains high alumina, fire clays and mullite ceramics content and nonclay based. Depending upon on slag they are segmented into acidic, basic and neutral refractories. The manufacturing process for refractories include dry press process, unformed, fused cast, formed, hand molded. They have a wide ranging application in iron & steel industry, non-metallic materials such as glass, cement, lime and ceramics, solar panels, etc. They are also utilized in production of non-ferrous metals which includes aluminum, copper, etc. Escalating iron & steel demand in Asia Pacific, Latin America and the Middle East on account of escalating building & construction industry will complement industry growth in the coming years.
 


What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Premium Report: Details

Pages: 364
Tables: 512
Charts / Figures: 27
Companies covered: 16
Countries covered: 24

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security
This site is protected by Trustwave's Trusted Commerce program Authorize.Net Merchant - Click to Verify

Connect with our sales team

Chat With Us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. I Agree