Report forecast the refractory materials
market for GCC steel industry to grow at a CAGR of 3.23% during the period
2017-2021.
Refractory materials are inorganic,
nonmetallic, porous, and heterogeneous materials with high melting points and
other properties that make them appropriate to act as heat-resistant barriers
between high and low-temperature zones. They are extensively used in
constructing high-temperature areas, particularly in furnaces or boilers, as
they minimize heat loss through the structure.
The report covers the present scenario and
the growth prospects of the refractory materials market for GCC steel industry
for 2017-2021. To calculate the market size, the report considers the revenue
generated from the sales of refractory materials market for GCC steel industry.
The
market is divided into the following segments based on geography:
- KSA
- UAE
- Qatar
- Others
According to the report, one of the major
drivers for this market is Mounting demand from construction and infrastructure
sector. GCC is exhibiting an increased demand for steel, and it is expected to
rise during the upcoming years. This rising demand for steel is mainly driven
by the developmental activities taking place in the construction and
infrastructural sectors. The construction sector boom led by the petrodollars
and the diversification of oil-based companies has turned GCC into a favored
business spot for many international investors. The consumption of steel has
increased significantly by the demand from these sectors. The main factors
include expanding construction activities; increasing expenditure in railway,
infrastructure, and road projects; and inexpensive and reliable energy
supplies.
Further, the report states that one of the
major factors hindering the growth of this market is Fluctuating cost of
refractory materials and high energy consumption. There has been high
volatility in the price of refractory materials in the previous few years. The
cost of refractory materials is a determining factor of their end uses. The
cost of a refractory product involves three main factors: Cost of raw
materials, production cost, and cost to design and product testing.
Refractory
Materials Market for GCC Steel Industry 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 refractory materials
market for GCC steel industry: Calderys, Magnesita Refratários, RHI,
Saint-Gobain, and Vesuvius.
Other Prominent Vendors in the market are:
Arabian Refractories Factory, Chosun Refractories, HarbisonWalker
International, IFGL Refractories, Krosaki Harima, Magnezit Group, Minteq
International, Morgan Advanced Materials and its affiliates, OCL India, Puyang
Refractories Group, Refractarios ALFRAN, Refratechnik Steel, Rescoproducts, Saudi
Refractory Industries, and SHINAGAWA REFRACTORIES.
Market
driver
- Mounting demand from construction and infrastructure sector
- For a full, detailed list, view our report
Market
challenge
- Fluctuating cost of refractory materials and high energy consumption
- For a full, detailed list, view our report
Market
trend
- Rising popularity of monolithic refractories over shaped refractories
- 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 94 pages “Refractory
Materials Market for GCC Steel Industry 2017 - 2021” report
covers Executive summary, Introduction, Scope of the report, Research
Methodology, Market landscape, Market Segmentation By Form Type, Regional
Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor
Landscape, Key Vendor Analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UNV
Find all Industry
and Manufacturing Reports at: https://www.marketresearchreports.com/industry-manufacturing
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