Refractories Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Refractories Market: By Type (Acidic, Basic, Neutral), Composition Type (Clay-based, Nonclay-based), By Form (Bricks & Shaped, Monolithic, Others), Manufacturing Process Type (Dry Press Process, Fused Cast, Hand Molded, Formed , Unformed), End-User (Iron & Steel, Non-metallic , Non-ferrous Metals, Others) and Geography

 

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Report

Description

The refractories market is anticipated to be valued at USD 26,263.0 million in 2021 and is expanded to grow at a significant CAGR of 3.0% over 2022-2028. The aerospace, electrical, automotive, glass, and cement industries will likely drive the global refractories market. Due to their safe, low-maintenance, and cost-effective operations, refractories are a primary material for interior linings in extensive industrial equipment. The automobile industry’s increased consumption of iron, steel, and glass fuel market growth. The recovery of the automotive sector in recent years, particularly with the rise of electric vehicles, has given traction to materials used in vehicle manufacturing, such as steel, iron, and glass. The automotive industry is constantly investing in advanced materials to meet future average fuel economy demands, resulting in developing a new type of revolutionary steel for the industry. The refractories market is anticipated to expand as infrastructure in emerging countries improves. The refractories market is predicted to benefit from the recycling and re-using of refractory materials. The need for refractory product recycling has increased as raw materials, and freight costs have risen, and enterprises have been forced to explore more environmentally friendly alternatives for refractory applications. High raw material prices are projected to be a barrier for the refractories industry, limiting demand. Bases on the end-user industry, the iron and steel segment consumes the most refractories internationally, as well as in China. Furthermore, increasing building activity is rising demand for iron and steel manufacturing in the country, which has fueled the recent rise in the refractories market. Iron and steel application is expected to dominate due to the enormous amount of iron and steel produced for various industries, which boosts its demand in the forecast year.

Recent Market Developments:

In September 2021, The Plibrico Company, a supplier of monolithic refractories and construction services, completed the acquisition of Redline Industries Inc. Chicago-based Redline Industries supplies low-cement refractory castables and gun mixes. Redline refractories are engineered to safeguard furnaces in the high-temperature processing of nonferrous metals, such as aluminum, as well as prevent furnace heat loss to promote greater energy efficiency.

 

In April 2022, Saint-Gobain Ceramics has acquired the US refractory producer Monofrax, from the German fund Callista. Saint-Gobain said the acquisition would help accelerate its growth in the refractory industry. The Saint-Gobain Ceramics business unit is led by Nicolas Miegeville. Both SEFPRO and PCR (Performance Ceramic Materials) belong to this business unit.

Refractories Market

MARKET SUMMARY
-
3.0% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR–3.0%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Refractories Market

  • The global refractories market report gives comprehensive outlook on refractories across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global refractories market gives historical, current, and future market sizes (US$ Bn) on the basis of By Product, By Manufacturing Process, Form, Alkalinity, End User and Region.
  • Key stakeholders of the global refractories market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global refractories products.
Key Players
  • Vesuvius (UK)
  • Saint-Gobain (France)
  • Corning Incorporated (US)
  • Morgan Advanced Materials (UK)
  • CoorsTek, Inc. (US)
Refractories Market

Dynamics

The market is driven by rising infrastructural activities, especially in developing nations. There is also a widespread adoption of unshaped refractories for various construction applications. Additionally, technological advancements and the emerging trend of recycling refractory materials for manufacturing steel are also positively impacting the market. The highly carbon-intensive manufacturing processes to attract environmental concerns and regulations may hamper the market.


Asia-Pacific Got Significant Share

Refractories Market

In 2021, Asia Pacific held the most significant portion of the refractories market. Factors such as rapidly rising refractory usage in the iron and steel, power generation, cement, and glass sectors in nations like China, Japan, India, South Korea, and Australia have contributed to the high requirement for refractories in the Asia Pacific region. Meanwhile, the market in North America will grow due to rising demand from the region's end-use sectors, particularly the iron and steel, and glass industries.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Refractories Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Refractories Market Introduction
2.1. Global Refractories Market – Taxonomy
2.2. Global Refractories Market –Definitions
2.2.1. By Form Type
2.2.2. By Composition Type
2.2.3. By Type
2.2.4. By Manufacturing Process Type
2.2.5. By End User
2.2.6. By Region
3. Global Refractories Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Refractories Market Dynamic Factors – Impact Analysis
3.6. Global Refractories Market – Competition Landscape
4. Global Refractories Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Refractories Market, By Form Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Bricks & Shapes
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Monolithic
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Others
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Refractories Market, By Composition Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Clay-based
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Nonclay-based
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Refractories Market, By Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Acidic
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Basic
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Neutral
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Refractories Market Forecast, By Manufacturing Process Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Dry Press Process
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Fused Cast
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3.  Hand Molded
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4.  Formed
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5.  Unformed
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
9.  Global Refractories Market Forecast, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. Iron & Steel
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Non-metallic
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Non-ferrous Metals
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Others
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
10.  Global Refractories Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. North America
10.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Refractories Market – Opportunity Analysis Index, By Form Type, By Composition Type, By Type, By Manufacturing Process Type, By End User, and Region, 2022-2028
11. North America Refractories Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Form Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Bricks & Shapes
11.1.2. Monolithic
11.1.3. Others
11.2. Composition Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Clay-based
11.2.2. Nonclay-based
11.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Acidic
11.3.2. Basic
11.3.3. Neutral
11.4. Manufacturing Process Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Dry Press Process
11.4.2. Fused Cast
11.4.3. Hand Molded
11.4.4. Formed
11.4.5. Unformed
11.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Iron & Steel
11.5.2. Non-metallic
11.5.3. Non-ferrous Metals
11.5.4. Others
11.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. USA
11.6.2. Canada
11.7. North America Refractories Market – Opportunity Analysis Index, By Form Type, By Composition Type, By Type, By Manufacturing Process Type, By End User, and Country, 2022-2028
11.8. North America Refractories Market Dynamics – Trends
12. Europe Refractories Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Form Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Bricks & Shapes
12.1.2. Monolithic
12.1.3. Others
12.2. Composition Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Clay-based
12.2.2. Nonclay-based
12.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Acidic
12.3.2. Basic
12.3.3. Neutral
12.4. Manufacturing Process Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Dry Press Process
12.4.2. Fused Cast
12.4.3. Hand Molded
12.4.4. Formed
12.4.5. Unformed
12.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.5.1. Iron & Steel
12.5.2. Non-metallic
12.5.3. Non-ferrous Metals
12.5.4. Others
12.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Russia
12.6.7. Rest of Europe
12.7. Europe Refractories Market – Opportunity Analysis Index, By Form Type, By Composition Type, By Type, By Manufacturing Process Type, By End User, and Country, 2022-2028
12.8. Europe Refractories Market Dynamics – Trends
13. Asia-Pacific Refractories Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Form Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Bricks & Shapes
13.1.2. Monolithic
13.1.3. Others
13.2. Composition Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Clay-based
13.2.2. Nonclay-based
13.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Acidic
13.3.2. Basic
13.3.3. Neutral
13.4. Manufacturing Process Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Dry Press Process
13.4.2. Fused Cast
13.4.3. Hand Molded
13.4.4. Formed
13.4.5. Unformed
13.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.5.1. Iron & Steel
13.5.2. Non-metallic
13.5.3. Non-ferrous Metals
13.5.4. Others
13.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. China
13.6.2. India
13.6.3. Japan
13.6.4. ASEAN
13.6.5. Australia & New Zealand
13.6.6. Rest of Asia-Pacific
13.7. Asia-Pacific Refractories Market – Opportunity Analysis Index, By Form Type, By Composition Type, By Type, By Manufacturing Process Type, By End User, and Country, 2022-2028
13.8. Asia-Pacific Refractories Market Dynamics – Trends
14. Latin America Refractories Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Form Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Bricks & Shapes
14.1.2. Monolithic
14.1.3. Others
14.2. Composition Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Clay-based
14.2.2. Nonclay-based
14.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Acidic
14.3.2. Basic
14.3.3. Neutral
14.4. Manufacturing Process Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Dry Press Process
14.4.2. Fused Cast
14.4.3. Hand Molded
14.4.4. Formed
14.4.5. Unformed
14.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.5.1. Iron & Steel
14.5.2. Non-metallic
14.5.3. Non-ferrous Metals
14.5.4. Others
14.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Rest of Latin America
14.7. Latin America Refractories Market – Opportunity Analysis Index, By Form Type, By Composition Type, By Type, By Manufacturing Process Type, By End User, and Country, 2022-2028
14.8. Latin America Refractories Market Dynamics – Trends
15. Middle East and Africa Refractories Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
15.1. Form Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.1.1. Bricks & Shapes
15.1.2. Monolithic
15.1.3. Others
15.2. Composition Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.2.1. Clay-based
15.2.2. Nonclay-based
15.3. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.3.1. Acidic
15.3.2. Basic
15.3.3. Neutral
15.4. Manufacturing Process Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.4.1. Dry Press Process
15.4.2. Fused Cast
15.4.3. Hand Molded
15.4.4. Formed
15.4.5. Unformed
15.5. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.5.1. Iron & Steel
15.5.2. Non-metallic
15.5.3. Non-ferrous Metals
15.5.4. Others
15.6. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Gulf Cooperation Council (GCC) Countries
15.6.2. South Africa
15.6.3. Rest of MEA
15.7. MEA Refractories Market – Opportunity Analysis Index By Form Type, By Composition Type, By Type, By Manufacturing Process Type, By End User, and Country, 2022-2028
15.8. MEA Refractories Market Dynamics – Trends
16. Competition Landscape 
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Key Form Types, Key Developments, Strategies, and SWOT Analysis)
16.2.1. Chosun Refractories
16.2.2. CoorsTek Incorporated
16.2.3. HarbisonWalker International, Inc.
16.2.4. Imerys S.A.
16.2.5. Krosaki Harima Corporation
16.2.6. Morgan Advanced Materials
16.2.7. RHI Magnesita N.V.
16.2.8. Saint-Gobain
16.2.9. Shinagawa Refractories Co., Ltd.
16.2.10. Vesuvius PLC.
17. Research Methodology
18. Key Assumptions and Acronyms

Report

Company Profile

  • Chosun Refractories
  • CoorsTek Incorporated
  • HarbisonWalker International, Inc.
  •  Imerys S.A.
  • Krosaki Harima Corporation
  • Morgan Advanced Materials
  • RHI Magnesita N.V.
  • Saint-Gobain
  • Shinagawa Refractories Co., Ltd.
  • Vesuvius PLC.

Description

The refractories market is anticipated to be valued at USD 26,263.0 million in 2021 and is expanded to grow at a significant CAGR of 3.0% over 2022-2028. The aerospace, electrical, automotive, glass, and cement industries will likely drive the global refractories market. Due to their safe, low-maintenance, and cost-effective operations, refractories are a primary material for interior linings in extensive industrial equipment. The automobile industry’s increased consumption of iron, steel, and glass fuel market growth. The recovery of the automotive sector in recent years, particularly with the rise of electric vehicles, has given traction to materials used in vehicle manufacturing, such as steel, iron, and glass. The automotive industry is constantly investing in advanced materials to meet future average fuel economy demands, resulting in developing a new type of revolutionary steel for the industry. The refractories market is anticipated to expand as infrastructure in emerging countries improves. The refractories market is predicted to benefit from the recycling and re-using of refractory materials. The need for refractory product recycling has increased as raw materials, and freight costs have risen, and enterprises have been forced to explore more environmentally friendly alternatives for refractory applications. High raw material prices are projected to be a barrier for the refractories industry, limiting demand. Bases on the end-user industry, the iron and steel segment consumes the most refractories internationally, as well as in China. Furthermore, increasing building activity is rising demand for iron and steel manufacturing in the country, which has fueled the recent rise in the refractories market. Iron and steel application is expected to dominate due to the enormous amount of iron and steel produced for various industries, which boosts its demand in the forecast year.

Recent Market Developments:

In September 2021, The Plibrico Company, a supplier of monolithic refractories and construction services, completed the acquisition of Redline Industries Inc. Chicago-based Redline Industries supplies low-cement refractory castables and gun mixes. Redline refractories are engineered to safeguard furnaces in the high-temperature processing of nonferrous metals, such as aluminum, as well as prevent furnace heat loss to promote greater energy efficiency.

 

In April 2022, Saint-Gobain Ceramics has acquired the US refractory producer Monofrax, from the German fund Callista. Saint-Gobain said the acquisition would help accelerate its growth in the refractory industry. The Saint-Gobain Ceramics business unit is led by Nicolas Miegeville. Both SEFPRO and PCR (Performance Ceramic Materials) belong to this business unit.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX