Refractories are construction materials that act as
heat-resistant walls, coatings, or linings to protect units from oxidation,
corrosion, erosion, and heat damage. These materials are widely used in the
steel, non-ferrous metals, glass, power, cement, petrochemicals, and waste
incineration industries. As a result, the refractory products market is expected
to multiply and post a CAGR of close to 4% during the forecast period.
As of 2014, APAC, Europe, and the Americas lead the
global refractory materials market, with APAC contributing the largest market
share of over 70%. This growth in the APAC region is due to high growth in the
construction, mining, and manufacturing industries in developing countries,
namely, China, India, and Indonesia. The growth in the manufacturing and
infrastructure industries have increased the need for iron, steel, and cement
production, thus boosting the demand for heat-resistant refractory materials
for their construction purposes. In 2014, China accounted for almost 60% of the
total cement production, followed by India.
Segmentation
of the refractory products market by form type
Bricks and others
Monolithic
Bricks and other refractory materials dominate the
market by form type, accounting for a market share of close to 59% in 2014. 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.
Segmentation
of the refractory products market by material type
- Clay and others
- Non-clay
Clay and other refractory material varieties account
for over 61% of the market share and is expected to retain its leadership
throughout the forecast period. The APAC region holds the largest demand for
clay refractories, wherein the high growth is supported by rapid infrastructure
and industrial development, especially in China and India.
Refractory
products market segmentation by end-user
- Iron and steel
- Non-metallic materials
- Other metals
- Others
Iron and steel is the key end-user industry of
refractory products. Refractory materials are used in air and process gas
heaters, reformers, and shaft furnaces of the iron and steel industry. Also,
the steel industry experiences an increasing demand in future, thereby leading
to continuous demand for refractory materials used in its production process.
Competitive
landscape and key vendors
The global refractory material 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.
The key
vendors in this market are -
- Calderys
- Magnesita Refratrios
- Minteq International
- RHI
- Saint-Gobain
Other prominent vendors included in this report are
Chosun Refractories Co. Ltd., Krosaki Harima Corp., Minteq International Inc.,
Morgan Advanced Materials plc, OCL India Ltd., Orient Abrasives Ltd., Orind
Refractories Ltd., Refratechnik Group, Saint-Gobain SA, and Vesuvius plc.
Key questions
answered in the report include
- What will the market size and the growth rate be in 2019
- What are the key factors driving the global refractory products market
- What are the key market trends impacting the growth of the global refractory products market
- What are the challenges to market growth
- Who are the key vendors in the global refractory products market
- What are the market opportunities and threats faced by the vendors in the global refractory products market
- What are the trending factors influencing the market shares of the APAC, Europe, the Americas, and ROW
- What are the key outcomes of the five forces analysis of the global refractory products market
Spanning over 70 pages “Global Refractory Products Market 2015-2019” report
covers Executive summary, Scope of the report, Market research methodology,
Introduction, Market landscape, Market segmentation by form type, Market
segmentation by material type, Market segmentation by end-users, Geographical
segmentation, Market drivers, Impact of drivers, Market challenges, Impact of
drivers and challenges, Market trends, Vendor landscape, Key vendor analysis,
Appendix.
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