Global Industrial Refractory Materials Market Growth 2023-2029

Global Industrial Refractory Materials Market Growth 2023-2029

Refractories are heat-resistant materials that constitute the linings for high-temperature furnaces and reactors and other processing units. In addition to being resistant to thermal stress and other physical phenomena induced by heat, refractories must also withstand physical wear and corrosion by chemical agents. ASTM C71 defines refractories as "non-metallic materials having those chemical and physical properties that make them applicable for structures, or as components of systems, that are exposed to environments above 1,000 °F (811 K; 538 °C)".
Refractories are produced from natural and synthetic materials, usually nonmetallic, or combinations of compounds and minerals such as alumina, fireclays, bauxite, chromite, dolomite, magnesite, silicon carbide, zirconia, and others.
LPI (LP Information)' newest research report, the “Industrial Refractory Materials Industry Forecast” looks at past sales and reviews total world Industrial Refractory Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Refractory Materials sales for 2023 through 2029. With Industrial Refractory Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Refractory Materials industry.
This Insight Report provides a comprehensive analysis of the global Industrial Refractory Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Refractory Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Refractory Materials market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Refractory Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Refractory Materials.
The global Industrial Refractory Materials market size is projected to grow from US$ 41000 million in 2022 to US$ 47670 million in 2029; it is expected to grow at a CAGR of 47670 from 2023 to 2029.
At present, the major manufacturers of Industrial Refractory Materials are concentrated in RHI AG, VESUVIUS, Magnesita, KROSAKI, SHINAGAWA, Imerys, HWI, MORGAN CRUCIBLE, SAINT-GOBAIN, Minteq, Resco, Qinghua, Puyang Refractory, Sinosteel, Lier, Jinlong and Sujia. RHI AG is the world leader, holding 3% production market share.
China is the largest consumption place, with a consumption market share nearly 47%. Following China, Europe is the second largest consumption place with the consumption market share of 16%.
In application, Industrial Refractory Materials downstream is wide and recently Industrial Refractory Materials has acquired increasing significance in various fields of Iron & Steel, Cement/Lime, Nonferrous Metals, Glass, Ceramics and Other Industries. Globally, the Industrial Refractory Materials market is mainly driven by growing demand for Iron & Steel which accounts for nearly 65% of total downstream consumption of Industrial Refractory Materials in global.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Refractory Materials market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Shaped Industrial Refractory Materials
Unshaped Industrial Refractory Materials
Segmentation by application
Iron & Steel
Cement/Lime
Nonferrous Metals
Glass
Ceramics
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
RHI Magnesita
VESUVIUS
KROSAKI
SHINAGAWA
Imerys
HWI
MORGAN CRUCIBLE
SAINT-GOBAIN
Minteq
Resco
Qinghua
Puyang Refractory
Sinosteel
Lier
Jinlong
Sujia
Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial Refractory Materials market?
What factors are driving Industrial Refractory Materials market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial Refractory Materials market opportunities vary by end market size?
How does Industrial Refractory Materials break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.