Global Refractory Products Market to grow at a CAGR of 3.07% during the period 2018 - 2022; Finds New Report

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.

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For related reports please visit: Refractory Market Research Reports

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