London, 04 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Refractory Material Market in India 2014-2018, which is expected to grow at a CAGR of 9.85 percent during the forecast period of 2013-2018.
Refractory Materials are materials that can withstand high temperatures and are used to provide refractory linings in furnaces, kilns, incinerators, and reactors. These materials have a high melting point (greater than 2,768 degree Fahrenheit), and are designed to withstand various conditions such as high temperatures, abrasions and chemical corrosions, slag attack, and chemical reactions, with less wear and tear and high reliability.
“The Refractory Material market in India is expected to witness an increased demand during the forecast period because of the increasing construction activities in the country,” says Faisal Ghaus, Vice President of TechNavio.
“The growth in industrial production and infrastructure projects will lead to an increased demand from major end-users of refractory materials such as the Steel Industry and the Cement Industry.”
Key Market Drivers
- Growth of Infrastructure Sector
- Increased R&D
- Increased Demand from End-user Industries
Key Market Trends
- Increased Mergers and Acquisitions
- Growth of Eco Refractories
- Adoption of Alternative Energy Sources
Key Market Vendors
- IFGL Refractories Ltd.
- Krosaki Harima Corp.
- Magnesita Refratários SA
- OCL India Ltd.
- RHI AG
- TRL Krosaki Refractories Ltd.
- Vesuvius plc
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
