Refractories Market Growth Rate (CAGR) by 2022 | Key Developments Factors, Revenue Generation Model & Business Segment Overview, Latest R&D

Refractories Market Overview to 2022

Globally, the market for Refractories is growing at a CAGR of 4.02% during forecasted period (2018-2022). Refectories is a material that is heat resistant, it provides linings for the heat temperature furnace, reactors and other processing units. Refractories are made of natural and manmade materials, usually nonmetallic or combinations of other compound and minerals.

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Global Top 10 Key Players:

The key players in market includes Magnesita Refratarios S.A., Saint-Gobain S.A, RHI AG, Shinagawa Refractories Co. Ltd, Krosaki Harima Corporation, Corning Incorporated, Vesuvius PLC, Harbisonwalker International (HWI) Inc, Coorstek Incorporated, Morgan Advanced Materials PLC and others.
Refractories material which can resist high temperature without undergoing physical and chemical changes while remaining in contact with molten slag, metal and gases. It is necessary to produce range of refractory materials with different properties to meet range of processing conditions. The refractory range incorporates fired, chemically and carbon bonded materials that are made in different combinations and shapes for diversified applications.

Application sector is segmented into steel, cement, glass, non-ferrous and others. The steel industry is the largest application of refractories globally. Refractories has the characteristics which are lightweight, high temperature sustainability, and robustness, therefore they are ideal for linings and insulation of the high temperature furnaces used in steel industry. In-addition, the increasing infrastructure and construction activities in the developing economies such as India, Brazil, Mexico, Russia, and other economies worldwide are contributing abundantly to the steel consumption and henceforth increasing refractories usage.

Innovations in the materials that are being used for the micro reactors is the most prominent trend in the micro reactor technology market. Conventionally, glass ceramics, and silicon are used for the fabrication owing to their chemical neutrality towards most of the chemcials and flexibility for fabrications. However, with the advancement in the research, matyreials such as PMMA are developed. Such materials may offer cost effectiveness, and added flexibility for the fabrication.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis.

......to be continue.......

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Competitive Analysis:

The major players of the market have certain challenges such as various companies do not have their manufacturing located where the region is growing the most in order to prevent this the major players are expanding their business with a focus on growing region. Due to high price raw material the competitors are facing certain challenges various companies are focusing in house supply of raw materials in order to reduce the burden of high cost of raw materials.

Apart from this, the growing demand for 3-D printed micro reactors owing to its relative affordibility and high designing capability is antcipated to drive the overall micro reactor technology market in major regions. Moreover, 3-D printed micro reactors enables full scale continuous production of fine chemicals and pharmaceuticals. Continuous production provides additional unique benefits to the manufacturers. Unlike batch production, continuous production provides additional process efficiency, relative safety, and manufacturing flexibility. However, high cost and high time to market for micro reactor technology, and limited manufacturing capabilities for commodity chemicals is hampering the market growth. The production capacity of the micro reactors is low, owing to its small scale nature. Thus, commodity chemicals production using micro reactor technology is limited. Leading manufacturers are investing in R&D for innovations in commodity chemcals production through micro reactor technology, and has got limited success.

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This release was published on openPR.