This industry research reports presents a comprehensive breakdown of the global refractory products market and segmentation by form type (bricks and others and monolithic), by material type (clay and others and non-clay), and by end-user (iron and steel, non-metallic materials, other metals, and others). The top vendors analyzed in the report are Calderys, Magnesita Refratários, Minteq International, RHI, and Saint-Gobain.
Technavio’s market research analysts estimate the global refractory products market to grow at a CAGR of 4% between 2015 and 2019. Growth of the manufacturing and infrastructure industries has increased the need for iron, steel, and cement production, boosting the need for heat-resistant refractory materials for their construction. APAC leads the global market for refractory products, occupying around 70% of the total market share. Much of this region’s growth is due to the high growth in the construction, mining, and manufacturing industries in developing countries, namely, China, India, and Indonesia.
The new market research report from Technavio provides a breakdown and analysis of the refractory products segments by technology.
“Of late, the monolithic refractories are gaining grounds over shaped refractories in all major refractory applications in the form of castables, plastics, ramming masses, gunning mixes, and mortars. These refractories have high volume stability and mechanical resistance to vibration. They can shrink and expand as per the application. These special refractories ensure instant and substantial repair hence are preferred in the maintenance of older kilns,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
Bricks and other refractory materials dominate the market by form type, accounting for a market share of close to 59%. The increasing demand for refractory materials in downstream manufacturing, involving processing of materials collected during the upstream stage into a finished product and energy production industries drive the bricks and other refractories market.
The key players in the global refractory products market include Calderys, Magnesita Refratários, Minteq International, RHI, and Saint-Gobain. The market is highly competitive with the presence of well-established international as well as local players. The existence of robust competition coupled with high price sensitivity of buyers limits the growth of the market. Thus, the market growth significantly relies on the development of the steel, cement, automotive, and other metal industries.
A more detailed analysis is available in the Technavio report, Global Refractory Products Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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