Pune, India — (PRESS RELEASE JET) — 09/29/2017 — Market Highlights
Refractories are those that are chemical and physical properties that make them applicable for structures or as components of systems that are exposed to environments. Refractory materials are utilized in linings for furnaces, reactors and other processing units. Refractory materials should be chemically and physically stable at high temperatures. Depending on the operating environment, they need to be resistant to thermal shock, be chemically inert, and/or have specific ranges of thermal conductivity and of the coefficient of thermal expansion.
The Refractories are segment in two categories in terms of form namely shaped and unshaped. The shapes was the largest refractories segment in 2016 by form, however, unshaped refractories segment is anticipated to grow at a greater rate during 2016-2021.
The refractories market can be categorized into application. Based on the application of refractories available, the market can be categorized into steel, cement, glass, non-ferrous and others.. Refractories are utilized in linings of furnaces, incinerators and reactors in many of the industries. Refractories find their applications in lining edifice of shapeless products, mass-produced rudiments and bricks in the industries. Iron and steel was the largest end-user industry for refractories. Global Refractories Market is set for a potential growth and is expected to reach USD ~49.05 billion by 2022
The key players in market includes
– Magnesita Refratarios S.A.,
– Saint-Gobain S.A,
– RHI AG,
– Shinagawa Refractories Co. Ltd,
– Krosaki Harima Corporation,
– Corning Incorporated,
– Vesuvius PLC,
– Harbisonwalker International (HWI) Inc,
– Coorstek Incorporated,
– Morgan Advanced Materials PLC
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The Asia-Pacific refractories market is expected to grow due to growing application industry. China consumes largest market share in global refractories market. The report estimates the size of the refractories market, both in terms of volume and value. Other regions like India, Indonesia and Brazil are expected to drive the demand owing to lenient regulations by government in setting up industries and producing large amounts of products to meet growing population demand.
North America is expected to grow at faster pace, the U.S and Canada are anticipated to have a largest share due to industrial development and government regulations. In-addition, the growing population and increase in construction industries is driving the market in this region. In Europe, UK and Germany are key contributors for this region, refractories market size is growing due to government policies and increase in use of refractories in various application.
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global refractories market size is expected to grow at highest rate of approximately of USD 49.05 billion by 2022. Refractories are inorganic nonmetallic material which can withstand high temperature without Undergoing physico – chemical changes while remaining in contact with molten slag, metal and gases. It is necessary to produce range of refractory materials with different properties to meet range of Processing conditions. The refractory range incorporates fired, chemically and carbon bonded materials that are made in different combinations and shapes for diversified applications.
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Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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