Apr 16, 2018   SOURCE: BusinessWire

Global Refractories Procurement Market Intelligence Report 2018 - Increasing Demand from the Iron and Steel Industry is a Major Market Driver - ResearchAndMarkets.com

The "Global Refractories - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.

According to the report, one of the key growth contributors for the global refractories market is the increasing demand from the iron and steel industry which accounts for about 70% of the global demand for refractories. Further, the report states that a major procurement challenge faced by the buyers is the issues associated with refractory handling and storage due to which physical and chemical properties of refractories may be altered, rendering them unsuitable for use.

The report provides actionable insights to improve source-to-contract cycle performance in the Global Refractories Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

The report provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

According to analysis, one of the best procurement practices for buyers is to establish a proper information flow channel with suppliers.

One of the emerging market trends is the reshoring initiatives of automobile manufacturers. Reshoring activities are witnessing an uptrend in the US. The substantial rise in labor cost in countries such as China is driving the need to relocate manufacturing facilities, despite long lead times and risks involved. This is expected to fuel regional demand for refractories, as iron and steel production would rise to support restoring of businesses.

Key Suppliers

  • Calderys (Imerys)
  • Vesuvius
  • RHI Magnesita
  • Minteq International
  • Morgan Advanced Materials

Key Topics Covered

Part 1: Category at a Glance

Part 2: Scope of the Report

Part 3: Market Insights

Part 4: Supply Market Insights

Part 5: Pricing Insights

Part 6: Procurement Insights

Part 7: Top Five Suppliers

For more information about this report visit https://www.researchandmarkets.com/research/cbgqw9/global?w=4