Oct 4, 2017   SOURCE: BusinessWire

Top 5 Vendors in the Refractory Materials Market for GCC Steel Industry From 2017 to 2021 | Technavio

Technavio has announced the top five leading vendors in their recent global refractory materials market for GCC steel industry report. This research report also lists 15 other prominent vendors that are expected to impact the market during the forecast period.

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Technavio has published a new report on the refractory materials market for GCC steel industry from ...

Technavio has published a new report on the refractory materials market for GCC steel industry from 2017-2021. (Graphic: Business Wire)

Refractory materials are extensively used in steel industries for different applications such as furnaces to withstand the high thermal shocks and harsh chemical reactions. The steel industry is the largest end user of refractory materials as it has a wide range of application where it requires high thermal resistant construction materials. The global refractory market is reliant on steel production and consumption across the globe.

Competitive vendor landscape

The refractory materials market in GCC mainly relies on imports rather than production. Only a few local vendors are involved in the production of refractories in GCC. The main countries from which refractories are imported include China, India, Germany, Netherlands, Japan, the US, and Netherlands. The steel industry is observed to exhibit a remarkable growth, and the demand is projected to hit new records.

“The GCC countries are focused on reducing the imports by promoting the local steel production, which would also promote the regional production of refractories. In that scenario, there will be a high rate of entry of players into the market. This is likely to enhance the competitive intensity between players in this region and the global players which export their products to this region,” says Soumya Mutsuddi, a lead metals and minerals research analyst from Technavio.

Most of the vendors are involved in the manufacturing of both bricks and monolithic refractories. Almost all the key vendors are targeting the same industries, such as iron and steel, cement, glass, non-ferrous metals, ceramics, and power generation, among which steel stands out as the predominant one.

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Top five refractory materials market vendors for GCC steel industry

Calderys

Calderys is one of the top players in the monolithic refractories segment. It is a subsidiary of Imerys, which specializes in the manufacturing and construction sector. Calderys specializes in the manufacturing of heat-resistant monolithic refractories for the industries such as iron and steel, cement, nonferrous metals, foundry, boilers, incinerators, and petrochemical.

Magnesita Refratários

Magnesita Refratários provides refractory solutions, services, and industrial minerals. It serves major industries such as steel, cement, non-ferrous metals, and non-metallic compounds. It offers a wide variety of refractories ranging from monolithic and bricks to advanced ceramics. These are used for lining equipment that operates at high temperature. The major end users of Magnesita Refratários are the steel and cement industries.

RHI

RHI offers a wide range of solutions to the steel industry, ranging from basic and nonbasic bricks and mixes, isostatically pressed products, and pre-manufactured components to special machines, repair solutions, and services for the lining of diverse units on site. It provides refractory solutions for charges, direct reduction, steel production, secondary metallurgy, and continuous casting.

Saint-Gobain

Saint-Gobain is involved in the construction market and designs, manufactures, and distributes building and high-performance materials. The company serves different industries such as automotive, buildings, ceramics, cement and glass, chemicals, defense and security, display glass, energy, life sciences, electronic ceramics and semiconductors, and oil and gas.

Vesuvius

Vesuvius is a world leader in the design, engineering, manufacturing, and delivery of refractory products. These products are used by different industries such as steel, foundries, glass, and solar energy. The company is a global leader in molten metal flow engineering, which serves the steel and foundry industries.

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