Press release
Future of Refractories Market Growth to Reach (CAGR Of 3.6%) by 2031: North America's Led by Share 20.24 | Most Leading Companies - HarbisonWalker International, Resco Products, IFGL Refractories Ltd, Magnezit Group, Mineral Technologies Inc
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United States: Recent Industry Developments
✅ November 2025: Major refractory producers expanded high-alumina and monolithic refractory capacity to support steel and non-ferrous metal production.
✅ October 2025: Increased investments in energy-efficient and low-carbon refractories aligned with decarbonization goals in U.S. manufacturing.
✅ September 2025: Adoption of advanced refractory linings grew across cement kilns and petrochemical furnaces to improve thermal efficiency and lifespan.
Japan: Recent Industry Developments
✅ November 2025: Japanese manufacturers advanced oxide and non-oxide refractory materials for high-temperature industrial applications.
✅ October 2025: Rising demand from electric arc furnace (EAF) steelmaking drove innovation in durable, high-performance refractories.
✅ September 2025: Collaborations between material science firms and steel producers focused on extending refractory service life and recyclability.
GCC: Recent Industry Developments
✅ November 2025: Large-scale infrastructure and steel projects in Saudi Arabia and the UAE increased demand for shaped and unshaped refractories.
✅ October 2025: GCC petrochemical expansions boosted consumption of corrosion-resistant refractories for reactors and reformers.
✅ September 2025: Regional players invested in localized refractory manufacturing to reduce import dependence and support industrial growth.
Key Major Players:
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
Key Industry Developments:
• RHI Magnesita acquired Resco (alumina specialist, USD 430M, 2024) + 6 others for NA expansion
• Shinagawa Refractories acquired Gouda Refractories for white refractories
• Trends: Sustainable/low-carbon refractories, INTOCAST-EXUS acquisition
Forecast Projection:
The Global Refractories Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, 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.
Research Process:
Both primary and secondary data sources have been used in the global Refractories Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Growth Segmentation:
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 ( geater 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)
Regional Analysis for Refractories Market:
• North America (20.24%) growth is driven by a resurgence in steel production and sustainability-focused retrofit projects.
• Europe (18.22%) demand is supported by cement and glass manufacturing, alongside compliance with the EU Green Deal.
• Japan (4.6%) focuses on high-purity refractories for semiconductor and steel applications.
• Middle East (5.4%) expansion is fueled by petrochemical investments and large-scale giga-projects in Saudi Arabia and the UAE.
Benefits of the Report:
Chapter 1: Lays the foundation by defining the scope of the report, highlighting core market segments across regions, product types, and applications. It delivers a clear snapshot of current market size, growth potential, and how the industry is expected to evolve in both the near and long term.
Chapter 2: Spotlights the most impactful market insights, unveiling the transformative trends and forces shaping the future of the industry.
Chapter 3: Provides a deep dive into the competitive landscape of , covering revenue shares, strategic initiatives, and notable mergers & acquisitions that are reshaping the market.
Chapter 4: Presents detailed company profiles of leading players featuring financial performance, product portfolios, profit margins, and key milestones that set them apart in the industry.
Chapters 5 & 6: Break down revenue analysis at both regional and country levels, offering precise data on market size, growth drivers, and expansion opportunities across global markets.
Chapter 7: Analyzes the market by product type, spotlighting segment-specific opportunities and helping stakeholders identify untapped, high-growth areas.
Chapter 8: Explores the market through application-based segmentation, assessing demand across industries and pinpointing downstream sectors with the strongest potential for growth.
Chapter 9: Maps the industry's supply chain in detail, tracing upstream and downstream activities to provide clarity on value creation across the ecosystem.
Chapter 10: Wraps up with a concise summary of the report's key insights distilling the most critical findings and strategic takeaways for decision-makers and stakeholders.
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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…
