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United States Refractories Market Growth 2025 | Industry Developments, Future Growth, Share & Industry Insights | Shinagawa refractories Co. Ltd, Krosaki Harima Corporation, Seven Refractories, RHI Magnesita, Vesuvius PLC
Refractories Market
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The Refractories market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Latest M&A Activity
The refractories industry is witnessing strategic M&A deals driven by the need for technological upgrades and expanding geographic footprints.
Major recent transactions include:
RHI Magnesita and Magnesita Refratários announced a merger in early 2025, creating one of the largest refractory manufacturers worldwide, with a combined valuation exceeding USD 3 billion.
HarbisonWalker International acquired a smaller niche refractory supplier specializing in high-performance insulating bricks in Europe, strengthening its advanced product portfolio.
Harsco Corporation divested part of its refractories business to focus on core industrial services, indicating ongoing industry consolidation
Forecast Growth Projected:
The Global Refractories Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Refractories Market:
Refratechnik Holdings GmbH, Shinagawa refractories Co. Ltd, Krosaki Harima Corporation, Seven Refractories, RHI Magnesita, Vesuvius PLC, Imerys, Chosun Refractories, Saint-Gobain, Morgan Advanced Materials, CoorsTek Incorporated, HarbisonWalker International, Resco Products, IFGL Refractories Ltd, Magnezit Group, Mineral Technologies Inc and among others.
Segment Covered in the Refractories Market:
By Type: (Clay, Non-Clay, Others)
By Alkalinity: (Acidic & Neutral Refractories, Basic Refractories)
By Manufacturing Process: (Fused Cast, Sintering process, Hand Molded, Dry Press Process, Formed, Unformed)
By Fusion Temperature: (Normal Refractory (1580-1780 °C), High Refractory (1780-2000 °C), Super Refractory (Greater Than 2000 °C))
By Form: (Shaped, Unshaped)
By End-user: (Steel and Iron, Automotive, Aerospace, Power Generation, Cement industries, Glass industries, Non-Ferrous Metals, Others)
Latest News & Industry Trends
The global refractory market was valued at approximately USD 22 billion in 2024 and is expected to grow at a CAGR of 4-5% through 2030.
Rising demand from steel, cement, glass, and petrochemical industries fuels this growth.
Industry reports highlight ongoing innovations in eco-friendly refractories that reduce carbon emissions and improve energy efficiency.
Supply chain disruptions and raw material price volatility (e.g., magnesia and alumina) continue impacting market stability, prompting more regional production investments.
Regional Analysis:
The global Refractories Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Refractories Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Refractories Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Refractories manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Refractories in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Recent Product Launches
High-performance refractory bricks made from recycled industrial waste and biogenic silica are being launched by several regional manufacturers aiming at sustainability goals.
Lightweight insulation bricks designed for energy-efficient steel and cement plants entered the market in early 2025, improving furnace thermal efficiency and reducing operating costs.
Companies are also rolling out advanced monolithic refractories with superior corrosion resistance tailored for aggressive chemical environments in the petrochemical sector.
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