Nov 16, 2021   SOURCE: BusinessWire

The Worldwide Refractories Industry is Expected to Reach $30.2 Billion by 2027 - ResearchAndMarkets.com

The "Refractories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Refractories estimated at US$23.8 Billion in the year 2020, is projected to reach a revised size of US$30.2 Billion by 2027, growing at a CAGR of 3.4% over the period 2020-2027.

Bricks & Shapes, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$16.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Monolithics & Others segment is readjusted to a revised 3.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 4.1% CAGR

The Refractories market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.2 Billion by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Select Competitors (Total 104 Featured) -

  • Allied Minerals Products
  • Almatis GmbH
  • Alteo Holding
  • AluChem, Inc.
  • CerCo Corporation
  • Chosun Refractories Co., Ltd.
  • Compagnie de Saint-Gobain S.A.
  • CoorsTek, Inc.
  • Harbisonwalker International
  • IFGL Refractories Ltd.
  • Imerys S.A.
  • Krosaki Harima Corporation
  • Lhoist Group
  • Qinghua Refractories Co., Ltd.
  • Magnezit Group
  • Minteq International Inc.
  • Morgan Advanced Materials plc
  • Puyang Refractories Group Co., Ltd.
  • Refratechnik Holding GmbH
  • Resco Products, Inc.
  • RHI Magnesita GmbH
  • Ruitai Materials Technology Co., Ltd.
  • Shinagawa Refractories Co., Ltd.
  • Vesuvius plc
  • Zhejiang Zili Advanced Materials Co., Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Drop in Steel Demand Sets Major Impact on Refractory Business
  • Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Strongly Discourage the Refractories Market
  • Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into Refractories Market
  • Revival in Construction Activity and Ensuing Demand for Iron and Steel to Improve Growth Prospects
  • Refractories: A Prelude
  • Features and Benefits
  • Refractory Products by Form
  • Refractory Products by Material
  • Market Outlook
  • Regional Outlook
  • Key Drivers of Refractories by End-Use Sector
  • Monolithics to Outshine Bricks and Shapes
  • Non-Ferrous and Non-Metallic Applications Gain Growth
  • Refractory Production Landscape
  • Competition
  • Global Refractories Industry in Consolidation Mode
  • Recent Market Activity
  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Supplies and Pricing Volatilities Constrain the Refractories Market Worldwide
  • Influx of New Preparation Technologies to Transform Refractory Materials
  • Nanomaterials Gain Interest in Refractory Industry
  • Demand for Efficient and Durable Refractories on Rise
  • Raw Materials Play an Important Role in Determining Prices
  • Alternative Minerals to Witness Increased Adoption as Bauxite Supply Drops
  • Refractories: A Major End-Use Market for Natural Graphite
  • Companies Test Other Regions for Mining of Graphite
  • Refractory Manufacturers to Invest in Graphite Mines to Tackle Rising Graphite Prices
  • Focus on New Sources of Magnesia on Rise
  • Kyanite and Other Related Minerals Gain Interest
  • Customization of Refractories Catches On
  • A Highly Fragmented Marketplace Benefits Raw Material Suppliers
  • Demand for Efficient and Durable Refractories Rises
  • Market Dynamics of Major End-Use Sectors
  • Iron & Steel
  • China Holds the Key for Future Growth of Steel Industry
  • Export
  • Cement
  • Glass Manufacturing
  • Growth Drivers for Flat Glass Industry: On a Scale 1-10 (10 - High Impact; 1 - Low Impact)
  • Ceramic Tiles

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ye14cy