Asia-Pacific Refractories Market Key Drivers & On-Going Trends 2018-2025 | RHI Magnesita and Saint Gobain S.A.

The major factors contributing to the growth of the market includes factors such as increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron & steel industry. Asia-Pacific Refractories Market is expected to reach USD 18,539.39 million by 2025 from USD 13,165.24 million in 2017, at a CAGR of 4.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Key Points: Asia-Pacific Refractories Market

Vesuvias is going to dominate the Asia-Pacific refractories market followed by RHI Magnesita and Saint Gobain S.A. Some of the major players operating in this market are Shinagawa Refractories Co., Ltd., and others.

The form type segment is dominating the Asia-Pacific refractories market.

The end user segment is expected to grow with the highest CAGR of 4.5% in the forecast period 2018 to 2025.

Market Segmentation: Asia-Pacific Refractories Market

The Asia-Pacific refractories market is segmented based on alkalinity into three notable segments; acidic & neutral refractories and basic refractories. Acidic & neutral refractories segment is sub segmented into fireclay, silica, alumina, chromite, zirconia and carbon. Basic refractories are further sub segmented into magnesite and dolomite. In 2018, acidic & neutral refractories market is likely to dominate market with 71.3% shares and is estimated to reach USD 13,318.38 million by 2025. It is growing at the highest CAGR of 4.6% in the forecast period.

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The Asia-Pacific refractories market is segmented based on form type into three notable segments; bricks, monolithic and others. Monolithic segment is sub segmented into castable, plastic, ramming, patching, coating, refractory mortars and insulating castables. In 2018, the bricks market is estimated to dominate market with 57.5%market share and will collect around USD 10,523.99 million by 2025, rising with a CAGR of 4.3%. However, monolithic market is growing with the highest CAGR of 4.8% and is estimated to reach USD 6,768.07 million by 2025 from USD 4,681.32 million in 2017.

The Asia-Pacific refractories market is segmented based on product type into two notable segments; clay and non-clay. Non-clay segment is sub segmented into silica bricks, magnesite bricks, chromite bricks, zirconia bricks and others. Clay segment is sub segmented into fire clay, high alumina and insulating. In 2018, the clay market is estimated to dominate market with 61.1% shares and will collect around USD 11,467.77 million by 2025, rising with the highest CAGR of 4.7%.

The Asia-Pacific refractories market is segmented based on fusion temperature into three notable segments; Normal Refractory (1580-1780°C), High Refractory (1780-2000 °C) and Super Refractory (>2000 °C). In 2018, the normal refractory (1580-1780°C) market is estimated to dominate market with 53.3% shares and will collect around USD 10,064.95 million by 2025, rising with the highest CAGR of 4.8%.

The Asia-Pacific refractories market is segmented based on end user into six notable segments; iron & steel, cement & lime, energy & chemicals, glass, non-ferrous metal and others. In 2018, the iron & steel market is estimated to dominate market with 81.8% shares and will collect around USD 15,313.31 million by 2025, rising with the highest CAGR of 4.6%.

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