Global Refractories Market at a CAGR of 4.2% over the forecast period (2018 – 2026) to reach to US$ 41,102.9 Mn by 2026 end | Chemicals and Nanomaterials Update : Vesuvius plc, RHI Magnesita, Krosaki Harima Corporation, Chosun Refractories ENG Co., Ltd.

Press Release – 08 Jan 2019
Research and Development News --
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Latest Update "Global Market Study on Refractories: Monolithics & Other Unshaped to Remain Most Attractive Product Form Through 2026" with Industries Survey | Global Current Growth and Future.
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The Global Refractories Market is projected to reach 43,676.9 KT by the end of 2026, expanding at a volume CAGR of 4.1% over the forecast period (2018–2026). In terms of value, the global refractories market is expected to reach to US$ 41,102.9 Mn by 2026 end, exhibiting a CAGR of 4.2% over the forecast period. India is expected to exhibit promising growth in the global refractories market, registering a CAGR of 5.4% over the forecast period. Driven by sales growth of refractories across various applications, the India market is expected to witness a sustainable growth rate over the coming years.
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“Market Analysis of Key Segments by End-use Industry”
- Steel: Expanding at a CAGR of 4.6% over the forecast period, the segment is expected to create an incremental $ opportunity of US$ 9,064.8 Mn by 2026 end.

- Cement: This segment is expected to reach a market value of US$ 4,045.4 Mn by 2026 end, expanding at a CAGR of 3.1%.

- Glass: This segment is expected to grow at a CAGR of 5.1% between 2018 and 2026.

“Leading Players Dominating the Global Refractories Market”

The report highlights some of the key companies operating in the global refractories market such as Vesuvius plc, RHI Magnesita, Krosaki Harima Corporation, Chosun Refractories ENG Co., Ltd., Calderys Refractories Limited, Compagnie de Saint-Gobain S.A., and Refratechnik Holding GmbH, among others. The key market players are focusing on strengthening their sales & distribution network in the refractories market.
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The report starts with market overview and provides market definition and analysis about drivers, restraints, and key trends. The section that follows includes analysis of the global refractories market by product form, refractory mineral, end-use industry and regions. The four sections evaluate the global refractories market on the basis of various factors covering present scenario and future prospectus. The report also provides data of local and international companies, and key developments within the refractories industry.

The global refractories market is segmented as follows:
- By Product Form
- By Refractory Mineral
- By End Use Industry
- By Region

On the basis of product form, the global refractories market is segmented into:
- Monolithic & Other Unshaped
- Bricks & Other Shapes

On the basis of refractory mineral, the global refractories market is segmented into:
- Bauxite
- Alumina
- Kaolin
- Magnesia
- Graphite
- Zircon

On the basis of end-use industry, the global refractories market is segmented into:
- Steel
- Cement
- Nonferrous Metals
- Glass
- Others

Regions covered in the report are as follows:
- North America
- Latin America
- Europe
- China
- India
- Japan
- South East Asia & Pacific (SEA & Pacific)
- Middle East & Africa (MEA)

Examples of some of the key players included in this study on the global refractories manufacturers are Vesuvius plc, RHI Magnesita, Krosaki Harima Corporation, Chosun Refractories ENG Co., Ltd., Calderys Refractories Limited, Compagnie  de Saint-Gobain S.A., Refratechnik Holding GmbH, etc.

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