The global refractories market is expected to reach USD 31.77 Billion by 2028, according to a new report by Reports and Data. Increasing demand for the product from the iron & steel industry is estimated to stimulate market demand in the forecast period. These are the key materials used by the steel industry in the internal linings of furnaces for the production of iron and steel, in vessels for holding and carrying metal and slag, in furnaces for heating steel prior to further processing, and in the stacks through which hot gases are conducted. Refractories are also essential for the safe operation of the processes.
Increasing demand for refractories in cement production is anticipated to fuel product demand in the upcoming years. Refractories play an instrumental role in both the lining of the high volume static equipment areas, which includes a modern pre-calciner kiln system and the rotary kiln lining. The robustness of the rotary kiln brick lining usually determines the operating duration of a kiln.
Additionally, growing demand for non-ferrous metals that are used for producing castings for the automotive, aerospace, construction, medical, and electrical industries are expected to boost the global product demand.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/417
The laying of stringent regulations regarding the usage and disposal of the product, owing to the emission of volatile organic compounds gas may hamper the market growth in the upcoming years.
Key participants include
Imerys, Vesuvius, Krosaki Harima Corporation, RHI Magnesita GmbH, Saint-Gobain, Corning Incorporated, Shinagawa Refractories, Coorstek Incorporated, Chosun Refractories, and Calderys Refractories Limited, among others.
Further key findings from the report suggest
- By form, bricks & shapes contributed to a larger market share in 2018 and are expected to grow at a rate of 2.8% in the forecast period. Bricks and shapes allow optimization of physical properties of the material, and this results in homogeneous lining, uniform in nature, and extremely reliable. A cost-intensive and time-consuming aspect of refractory repair is the initial bake-out, where the application of precast refractory shapes aid to reduce or eliminate the necessity for an extensive bake-out.
- By chemical composition, neutral type dominated the market in 2018 and is expected to grow at a rate of 2.9% in the forecast period. Neutral refractories are chemically stable to both acid and base attacks and find applications in areas where slag and atmosphere are either acidic or basic.
- The Asia Pacific region dominated the market in 2018 and is projected to grow at the fastest rate of 3.7% in the forecast period. The dominance of the Asia Pacific region is owing to the rapid urbanization and industrialization in the developing countries that resulted in an increase in residential and commercial construction activities, which has increased the demand for steel and cement and in turn the product demand.
- In February 2018, Imerys, a leading player in the market, reorganized its Kerneos and Imerys Refractory Minerals businesses into Imerys Aluminates. Imerys Aluminates is anticipated to generate an annual turnover of around USD 794.0 Million.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/417
For the purpose of this report, Reports and Data have segmented the global refractories market on the basis of chemical composition, form, industry vertical, and region:
Chemical Composition Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Form Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Bricks & Shapes
- Monolithics & Others
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Energy & Chemicals
- Glass & Ceramic
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/417
Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
- North America
- Asia Pacific
- Latin America
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
High-performance Adhesives Market Size, Share & Analysis, By Product (Polyurethane, Epoxy, Acrylic, Silicone, And Others), By Technology (Water-Based, Solvent-Based, Hot-Melt, Reactive, UV Curable, And Others), By End-User Industry (Transportation, Electrical & Electronics, Packaging, Healthcare, Buildings & Construction, Aerospace, And Others), By Region, Forecast To 2027
Bulk Bags Market Size, Share & Analysis, By Capacity (Small, Medium, Large), By Fabric Type (Type A, Type B, Type C, Type D), By Design (Four-side Panels, Circular/Tabular, U-Panel Bags, Baffles, Cross Corners, Others), By End-User Industry (Food & Beverage, Chemicals & Fertilizers, Pharmaceuticals, Construction, Mining, Others), And By Region, Forecast To 2027
Lithium Iodide Market Information By Type (Lithium Iodide Trihydrate Lithium Iodide Anhydrous), By Application (Chemical, Pharmaceutical, Electrolyte, Others), And By Region, Forecast To 2027
Pivaloylacetonitrile Market By Type (Less than 98%, More than 98%), By Application (Pesticide, Pharma, Others), And Region- Global Forecast To 2027
Carbomer Market Size, Share & Analysis, By Product Type (Carbomer 940, Carbomer 980, Carbomer 934, Others), By Application (Personal Care And Cosmetics, Pharmaceuticals), By Region, Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/refractories-market
Purushottam Raj Gaurav is part of a talented team of content writers working at Emergen Research, fastest growing market research firms in the industry. He has experience in developing quality content and is currently involved in writing articles, press releases, and blogs for the company. He is highly motivated and enjoys putting ideas and thoughts into words to enable the reader to experience a seamless perusal.