Global Refractory Market Growth 2025-2031

The global Refractory market size is predicted to grow from US$ 255 million in 2025 to US$ 332 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

Refractories generally refer to inorganic non-metallic materials with a refractory degree of more than 1580 °C and can withstand various physical and chemical changes and mechanical actions. It is widely used in high-temperature industries such as steel, building materials, non-ferrous metals, chemicals, machinery, electric power and even national defense, and is an indispensable and important supporting material for various high-temperature thermal kilns and equipment, as well as an important basic material for various high-temperature industries.

In Japan, the key manufacturers of Refractory include KROSAKI, SHINAGAWA and AGC Ceramics, etc, top 3 manufacturers hold a share approximately 53%. KROSAKI is Japanese largest Refractory manufacturer, with a market share of more than 23%. In terms of product type, Aluminum is the largest market segment with a share of more than 38%. In terms of applications, Steel is the largest downstream segment, with a market share of about 79%.

LP Information, Inc. (LPI) ' newest research report, the “Refractory Industry Forecast” looks at past sales and reviews total world Refractory sales in 2024, providing a comprehensive analysis by region and market sector of projected Refractory sales for 2025 through 2031. With Refractory sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Refractory industry.

This Insight Report provides a comprehensive analysis of the global Refractory 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 Refractory portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Refractory market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Refractory 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 Refractory.

This report presents a comprehensive overview, market shares, and growth opportunities of Refractory market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Aluminum
Magnesium
Burden
Other

Segmentation by Application:
Steel
Energy and Chemical Industry
Non-ferrous Metal
Cement
Glass
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 analysing the company's coverage, product portfolio, its market penetration.
KROSAKI
SHINAGAWA
AGC Ceramics
YOTAI REFRACTORIES
TAIKO refractories
ROZAI KOGYO KAISHA
ITOCHU CERATECH CORPORATION
Nippon Crucible
Resonac
SAINT-GOBAIN
TYK Corporation
KOA REFRACTRIES

Key Questions Addressed in this Report

What is the 10-year outlook for the global Refractory market?

What factors are driving Refractory market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Refractory market opportunities vary by end market size?

How does Refractory break out by Type, by Application?

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