Global Refractory Equipment Market to grow at a CAGR of 4% during the period 2017 - 2021; Finds New Report

Report forecast the global refractory equipment market to grow at a CAGR of 4% during the period 2017-2021.

Refractory equipment refers to a machine that is used for lining the inner walls of a furnace, boiler, reactor, or kiln with heat-resistant refractory materials. This refractory equipment also performs functions such as grinding, mixing, rolling, separating, as well as applying the refractory material. The refractory equipment market comprises ring and roller mills, impact mills, and air separators, which find their major applications in the petroleum and petrochemical, cement, oil refining, plaster, fire proofing, concrete pumping, and steel industries.

The report covers the present scenario and the growth prospects of the global refractory equipment market for 2017-2021. 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 increasing demand for energy. Rising population and rapid urbanization are primarily responsible for the increasing energy demand globally. As per the EIA's estimates, global energy consumption is expected to grow by 48% during 2012-2040. Most of this growth will be from non-OECD Asia, where the demand for energy is driven by strong economic growth. India and China will account for more than half of the world's total increase in energy consumption during the forecast period.

Further, the report states that one challenge in the market is increase in variable costs. An industry grows successfully when its investments are in control and less than its generated revenue. The abundant availability of raw materials and low-cost labor are the key factors for the success of any manufacturing industry. The global refractory material market is highly dependent on raw materials such as silica, alumina, chromium, and steel. The prices of these raw materials keep fluctuating, thus having a negative impact on the market. This negative effect has in turn, an adverse impact on the global refractory equipment market as well.

Global Refractory Equipment Market 2017-2021, 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 equipment market: EZG Manufacturing, Hilman Rollers, NAO, Thermal Specialities, and WARE.

Other Prominent Vendors in the market are: Airplaco Equipment Company, BLASTCRETE EQUIPMENT COMPANY, Bricking Solutions, C&C Boiler Sales & Service, Davis Fabricators, Dewcon Instruments, Empire Refractory Sales, Han-Tek, HPC Manufacturing, MSE Supplies, Onex, REED, Refractories West, Refractory Anchors (RAI), RFI CONSTRUCTION PRODUCTS, Selas Heat Technology Company, and Walker Equipment Company.

Market driver

• Increasing demand for energy
• For a full, detailed list, view our report

Market challenge

• Increase in variable costs
• For a full, detailed list, view our report

Market trend

• Integration of IIoT
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 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 66 pages “Global Refractory Equipment Market 2017 - 2021” report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market by product, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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