Press release
Refractories Market Analysis- Industry Specific Opportunities and Trends Affecting the Growth
Global Refractories report from Global Insight Services is the single authoritative source of intelligence on Refractories market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.Read more about Refractories market here: https://www.globalinsightservices.com/reports/refractories-market/
Refractories are materials that are resistant to high temperatures and wear. They are used in a variety of industries, including steelmaking, glassmaking, and ceramics. Refractories must be able to withstand extreme temperatures, as well as abrasion and chemical attacks.
There are two main types of refractories: natural and synthetic. Natural refractories include materials such as alumina, silicon carbide, and zirconia. Synthetic refractories are made from materials such as alumina-silica and magnesia-carbon.
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Key Market Segments
The refractories market bifurcated on the basis of form, alkalinity, end-user, and region. On the basis of form, it is segmented into shaped and unshaped. By alkalinity, it is divided into up to acidic, basic and neutral. By end-user, it is analyzed across cement, glass & ceramics, power generation, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The refractories market report includes players such as Calderys,Dalmia Bharat Refractory, IFGL Refractories Ltd., Krosaki Harima Corp, Lanexis, Morgan Advanced Materials, RHI Magnesita GmbH, Saint Gobain, SHINAGAWA REFRACTORIES CO., LTD., and Vitcas.
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Key Drivers
There are several key drivers of the refractories market. The first is the increasing demand for refractory products from the iron and steel industry. This is due to the growing demand for steel globally, as well as the need for refractories that can withstand the high temperatures and pressures associated with steel production.
Another key driver of the refractories market is the increasing demand for energy-efficient and environmentally-friendly refractory products. This is due to the growing awareness of the environmental impact of traditional refractory products, as well as the need to reduce energy consumption in the production process.
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Market Insights
Refractories market is estimated to grow at the growth rate of 4.13% for the forecast period of 2020 to 2027. Demand for electrical, automotive, aerospace, glass, cement industries will drive the growth of the market.
Refractories are heat resistant than other metals, they are used for lining hot surfaces and found inside many industrial processes. They are available in different shapes and sizes, are pressed, molded or produced in interlocking…