Report forecast the global refractory
products market to grow at a CAGR of 3.07% during the period 2018-2022.
Refractories are materials that are
resistant to extremely high temperatures and are therefore used as protective
and insulation products in high-temperature processes and industries.
The report covers the present scenario and
the growth prospects of the global refractory products market for 2018-2022. To
calculate the market size, the report presents a detailed picture of the market
by way of study, synthesis, and summation of data from multiple sources.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the
market is growth in global steel production. The global iron and steel industry
accounts as the most significant consumer of refractory products, and
therefore, the increase in production and demand for steel during the forecast
period is the primary driver for market growth. Refractory products are
consumed in substantial quantities during the production of steel, and any
change in the global steel production will have a direct impact on the demand
for refractory products.
Further, the report states that one
challenge in the market is slowdown in Chinese economy. China represents one of
the biggest markets for refractories, both in size and growth potential;
however, the country's economy has been affected significantly due to a
slowdown in trade and weakening of currency. The country's metal production
capacity has also suffered decline due to a supply glut.
Global
Refractory Products Market 2018-2022, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global refractory
products market: Krosaki Harima Corporation, Imerys, Saint-Gobain, SHINAGAWA
REFRACTORIES, RHI Magnesita, and Vesuvius.
Market
driver
- Growth in global steel production
- For a full, detailed list, view our report
Market
challenge
- Slowdown in Chinese economy
- For a full, detailed list, view our report
Market
trend
- Consolidation in the refractory manufacturing industr0079
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 160 pages “Global
Refractory Products Market 2018 - 2022” report covers Executive
summary, Introduction, Scope of the report, Research Methodology, Market
landscape, Market Sizing, Five Forces Analysis, Market Segmentation By
Application, Market Segmentation By Technology, Market Segmentation By Product,
Customer Landscape, Regional Landscape, Decision Framework, Drivers And
Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UQN
For related reports please visit: Refractory Market Research Reports
Find all Industry
and Manufacturing Reports at: https://www.marketresearchreports.com/industry-manufacturing
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