Press release
Impact of COVID-19 on Global Magnesia Chrome Brick Market
As per the research conducted by GME on, the Global Magnesia Chrome Brick Market, it is estimated that this market will grow at a CAGR of 3.2% between 2020 and 2026. The high demand for magnesia chrome brick from the iron & steel industry remains the primary market booster for the growth. Growing urbanization and industrialization with emerging economies created lucrative opportunities for the magnesia chrome brick. Consistent demand from countries like China and India for the development of railways, roadways, and construction of resident & commercial buildings has increased the growth pace of the magnesia chrome brick market in the last few years. However, the recycling of refractory brick to a secondary material, refractory grogs requires the low quality of magnesia chrome brick. The demand for recycled products has been increasing as a matter of reduction in cost for the production for manufacturers and lucrative opportunities for the key market players.Browse197 Market Data Tables and 152Figures spread through 251Pages on "Global Magnesia Chrome Brick Market- Forecasts to 2026"
https://www.globalmarketestimates.com/market-report/global-magnesia-chrome-brick-market-2367
By Type (Direct Bonded, Fused/Re-Bonded, Chemically bonded, and Fused Cast); By End-User Industry (Iron & Steel, Power Generation, Non-Ferrous metals, Cement, Glass, and Other End-users); By Region (North America, Europe, Asia Pacific, MEA, and CSA), Company Market Share & Competitor Analysis
Key Market Insights:
• The Global Magnesia Chrome Brick Market is expected to grow with a CAGR value of 3.2% during 2020-2026
• The directly bonded segment of magnesia chrome brick is expected to build a huge market in the coming years as the demand of the segment is high in the production of cement for construction based projects.
• The iron & steel industry dominated the magnesia chrome brick market by sharing more than 60% of the total market in the last year.
• Expeditious consumption of magnesia chrome brick from industries like iron & steel, glass, and power generation cement in countries like India, China, South Korea has led the overall Asia-pacific market and made it to be the highest revenue builder of 2019
Key global players in the Global Magnesia Chrome Brick Market areRHI Magnesita, Vesuvius plc, SHINAGAWA REFRACTORIES CO., LTD., HarbisonWalker International (HWI), Calderys, CHOSUN REFRACTORIES CO.,LTD, Magnezit Group, RESCO Products, Rongsheng Kiln Refractory Co., Ltd, KT Refractories, PUYANG REFRACTORIES GROUP CO., LTD, TRL Krosaki Refractories Limited, Minerex (India), Ruitai Materials Technology, and Qinghua Refractories Co., Ltd. among other.
Browse the Global Magnesia Chrome Brick Market Report @: https://www.globalmarketestimates.com/market-report/global-magnesia-chrome-brick-market-2367
• Type Outlook (Revenue, USD Billion, 2020 - 2026)
• Direct Bonded
• Fused/Re-Bonded
• Chemically Bonded
• Fused Cast
• End-User Industry Outlook (Revenue, USD Billion, 2020 - 2026)
• Iron & Steel
• Power Generation
• Non-Ferrous Metals
• Cement
• Glass
• Other End-Users
• Regional Outlook (Revenue, USD Billion, 2020 - 2026)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
• Central & South America
• Brazil
• Argentina
• Chile
• Rest of CSA
• Middle East & Africa
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA
Contact: Yash Jain
Email address: sales@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com/
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php
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