Data Bridge Market Research analyses that the refractories market was valued at USD 24.19 billion in 2021 and is expected to reach USD 33.75 billion by 2029, registering a CAGR of 4.25 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

Petrochemical, Refineries and chemical plants require specific refractory castables. Because it can maintain the hydrocarbon and refinery processes which is involved in the operations. Also, the right solutions can decrease the refractory lining consumption rate. For example in catalytic reactors, fired heaters, sulfur burners, and gasifier. Similarly, these plants must plan to reduce running charges and their carbon footprint. Hence, they demand long-term refractory lining stability.

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Refractory materials are used in incinerators, furnaces, kilns, and reactors. Refractories are also used to create moulds and crucibles and for casting metals and glass and for surfacing flame deflector systems for rocket launch structures. They are obtainable in an extensive variety of sizes and shapes which can be molded and pressed as per the required dimensions. Due to this, they used in various sectors, including energy, chemical, non-ferrous metals, iron and steel manufacturing, glass, cement and ceramics. Today, the iron and steel industry and metal casting industry use approximately 70% of all refractories.

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Refractories Market Scope and Market Size

A refractory is a material that is resilient to decomposition by pressure, heat, or chemical attack, and retains strength and it forms at high temperature. Refractories are inorganic, heterogeneous, polyphase, inorganic, non-metallic and porous material which are typically composed of carbides or oxides, nitrides etc. Refractories are ceramic materials designed to withstand the very high temperatures above 1,000°F (538°C) which has encountered in modern manufacturing. They are used to line the hot surfaces found inside several industrial processes.

Refractories Market Country Level Analysis

Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. During the projected period, Europe is anticipated to be the fastest developing region owing to the increasing demand for non-metal and metal castings in heavy equipment for the acidic and neutral refractories in this region.

The countries covered in the refractories market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market.

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Major TOC of the Refractories Market Report

Chapter One:

MARKET SEGEMENTATION

EXECUTIVE SUMMARY

PREMIUM INSIGHTS

MARKET OVERVIEW

Competitive Landscape and Refractories Market Share Analysis

Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to refractories market.

Some of the major players operating in the refractories market are:

· Morgan Advanced Materials (UK)

· SHINAGAWA REFRACTORIES CO., LTD. (Japan)

· Saint-Gobain (France)

· Krosaki Harima Corporation (Japan)

· CoorsTek Inc. (US)

· Calderys (France)

· Vesuvius (UK)

· Shinagawa Refractories Co. Ltd. (Japan)

· HarbisonWalker International (US)

· Chosun Refractories Eng. Co. Ltd. (South Korea)

· Refratechnik. (Germany)

· Imerys (US)

· IFGL Refractories Ltd. (India)

· Dalmia Bharat Group (India)

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