The Global refractories market is expected to be valued at $42 billion and grow at a rate of about 3.3%, by 2022, key players are Magnezit Group Ltd., Vesuvius plc, Krosaki Harima Corporation, RHI Magnesita N.V., Morgan Advanced Materials plc

Refractories find large application in heavy industries like automotive, aerospace, construction and industrial machinery. They are used to manage and control heat output and dissipation during power generation. Boilers that are used for extracting energy from coal are coated with refractories to provide resistance against thermal shock.

With the rapid transition towards power plants fired by natural gas, the demand for refractories that offer high levels of heat-resistant is expected to witness considerable growth in the years to come.

Request For Free Sample @ https://www.kennethresearch.com/sample-request-10064159

Market Dynamics

The Global market for refractories, in terms of revenue is expected to be valued at $42 billion and in terms of volume, is expected to grow at a rate of about 3.3%, surpassing 45,000 KT by 2022.

The market for refractories is heavily influenced by trends in economy and other macro & micro factors, where trends in industries like iron & steel, metals and ferrous makes the most impact.

Since iron and steel are crucial for industries like aerospace, automotive, construction and industrial machinery, development in these industries have fuelled the growth of refractories market as well.

Market Segmentation

The global industry for refractories can be segmented as follows:

By Product type

It can be classified as Clay and Non-Clay type, where currently, the clay products segment dominates the global market and it is expected to witness rapid growth over the forecasted period as well.

By application

Refractories find large application in Iron & Steel, Non-metallic materials and Non-ferrous materials industry. Out of these, the largest end-user industry is the iron and steel industry.

Regional/Geographic Analysis

Asia Pacific region is one of the most important and largest markets for refractories globally. The demand and production for refractories in this region are mostly concentrated in China. Followed by China, India is another key market in this industry, but it is facing headwinds due to the increase in raw material prices.

North America & European Union forms another major markets. But due to low cost imports from China, these 2 markets are facing stiff competition. These 2 markets are mainly driven by the technological innovation and complex projects.

In Middle East region, the refractories industry is expected to witness an impetus on account of increasing emphasis on reducing oil exports dependence.

Key Players

Some of the leading players operating in the global market for refractories include companies like-Magnezit Group Ltd., Vesuvius plc, Krosaki Harima Corporation,RHI Magnesita N.V., Morgan Advanced Materials plc, Shinagawa Refractories Co. Ltd., Chosun Refractories Co,Ltd., Resco Products, Inc., IFGL Refractories Limited, Alsey Refractories Co, Luossavaara-Kiirunavaara AB, The Christy Refractories Company,Steel Authority of India Limited, Minerals Technologies Inc., Allied Mineral Products, Puyang Refractory Materials Co. Ltd., Compagnie de Saint-Gobain SA, and others.

Report Contents Regional Analysis Report Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

Buy Now @ https://www.kennethresearch.com/report-purchase-id-10064159

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

Read More @ https://www.kennethresearch.com/report-details/global-refractories-market/10064159

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: David
Email: sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.