APAC Refractories Market - Industry Trends and Forecast to 2032
Asia-Pacific Refractories Market is expected to reach USD 25.66 billion by 2031, from USD 17.12 billion in 2023 growing at the CAGR of 5.3% in the forecast period of 2024 to 2031.
Market SegmentationAsia-Pacific Refractories Market, By Product Type (Clay And Non-Clay), Alkalinity (Acidic & Neutral Refractories and Carbon), Form Type (Bricks, Monolithic, And Others), Fusion Temperature (Normal Refractory (1580-1780°C), High Refractory (1780-2000°C) and Super Refractory (>2000°C)), Technology (Isostatics Pressing, Slide Gates Mechanism, and Others), Application (Iron & Steel, Cement & Lime, Energy & Chemicals, Glass, Non-Ferrous Metal, and Others), Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Indonesia, Philippines, Malaysia, New Zealand, Rest of Asia-Pacific) – Industry Trends and Forecast to 2031
Overview of Asia-Pacific Refractories Market Dynamics
Driver• Increasing demand for refractories from steel and iron industries
Restrain
• Rising concerns regarding environmental degradation
Opportunity • Recycling and re-usage of refractories materials
Market PlayersSome of the key market players for Asia-Pacific refractories market are: • Saint-Gobain Performance Ceramics & Refractories (PCR) (a subsidiary of Saint-Gobain)
• TYK CORPORATION
• Wuxi Nanfang Refractories Co.,Ltd.
• Coorstek
• Refratechnic
• HWI
• AluChem
• ALTEO
• CerCo Corporation
• Almatis Gmbh
• Allied Mineral Products, Inc.
• Magnezit Group
• Minerals Technologies Inc.
• Puyang Refractories Group Co.,Ltd,
• Morgan Advanced Materials
• IFGL Refractories Ltd.
• Krosaki Harima Corporation
• SHINAGAWA REFRACTORIES CO.,LTD.
• RHI Magnesita GmbH
• Lhoist
• Vesuvius
• Imerys