Refractories Market Research Report: By Alkalinity (Acidic & Neutral and Basic), By Form (Shaped, Unshaped) and By Application (Glass, Cement, Iron & Steel, Non-ferrous Metals) - Forecast 2027

ID: VPR/CR/1163 Publishing Year: January 2022 Pages: 112 Format:   

Refractories Market Overview:

The Global Refractories Market is predicted to increase at a CAGR of 5.4 percent over the forecast period, with India leading the way. The India market is predicted to develop at a steady rate in the following years, owing to increased sales of Refractories in various applications.

In Asian countries such as China, Japan, India, Korea, and ASEAN, Refractories applications have been in high demand. Rising capital investments in large-scale projects in the infrastructure, steel, mining (impacting the metallurgy sector), and cement industries, as well as the following development of a refractory distribution and sales network in the region, are driving demand. Additionally, large-scale expenditures in other industries, such as glass, are predicted to drive Refractories demand through 2026.

Steel, iron, nonferrous metals, glass, cement, and other industries have used Refractories extensively in their manufacturing processes.

Key Players:

  • Krosaki Harima Corporation (Japan)
  • RHI Magnesita GmbH (Austria)
  • Morgan Advanced Materials (UK)
  • CoorsTek Inc. (US)
  • Calderys (France)
  • Vesuvius (England)
  • Shinagawa Refractories Co. Ltd. (Japan)
  • Saint-Gobain (France)
  • HarbisonWalker International (US)
  • Chosun Refractories Eng. Co. Ltd. (South Korea)

Market Drivers:

The worldwide construction sector has been rapidly increasing, aided by increased urbanisation and industrialization in emerging countries such as China and India. In recent years, substantial investment on the construction of commercial and residential structures, as well as improvements to existing infrastructure, has bolstered the construction sector's growth. The need for travel in China is increasing, resulting in the construction of roads and trains, as well as the expansion of the car industry. Given the rising demand for Refractories in the cement and iron and steel industries, these developments in emerging nations would have a massive impact on the Refractories Market.


Because of the rising cost of raw materials, the concept of recycling Refractories has gained traction quickly in recent years. Environmental concerns have put a lot of pressure on top firms to find more sustainable refractory solutions. Companies are being pressured to be more environmentally conscious and reduce their carbon footprint. Vendors are also motivated to focus on garbage recycling by high taxes put on various dumping sites as well as emissions. In summary, refractory recycling will not only assist reduce manufacturing costs, but it will also present a huge opportunity for businesses throughout the review phase.

Market Segmentation:

The market for Refractories is divided into six distinct segments: alkalinity, product type, form type, fusion temperature, application, and technology. The growth of segments allows you to analyse specific pockets of growth and market approaches, as well as establish your main application areas and target market differences.

The Refractories Market is divided into acidic and neutral Refractories, as well as carbon, based on alkalinity. Acidic and neutral Refractories are likely to dominate the market in 2021, owing to their tolerance to high temperatures and acidic slag conditions, as well as their wider applicability, which will help to drive demand.

The Refractories Market is divided into three types of forms: bricks, monolithic, and others. Because of its temperature and sound insulating capabilities, as well as resistance to high temperatures, the bricks segment is predicted to dominate the market in 2021, helping to enhance its demand.

The Refractories Market is divided into clay and non-clay segments based on product type. Because of the lower price range of products, as well as their durability and thermal resistance, the clay segment is predicted to dominate the market in 2021.

Regional Analysis:

As mentioned above, the Global Refractories Market is examined, and market size data is provided by country, alkalinity, product type, form type, fusion temperature, application, and technology.

The United States, Canada, Mexico, Germany, the United Kingdom, Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Luxembourg, the Netherlands, rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, rest of South America, South Africa, and rest of the world are among the countries covered in the Global Refractories Market Report.

The Asia-Pacific Refractories Market is dominated by China, which is increasing its refractories production and consumption. Due to the vast population, the Asia-Pacific region is predicted to grow at the fastest rate in the forecast period of 2021 to 2028, creating a large demand for steel in the building and automotive industries for the acidic and neutral Refractories Segment. This also creates a significant consumer base for the Refractories Business in the region. Due to refractories consumption, China is driving the Asia-Pacific market expansion. Due to considerable use of Refractories in the automotive market for acidic and neutral Refractories, Germany dominates the European refractories market. Because of the increased need for metal and non-metal castings in heavy machinery for the acidic and neutral Refractories Segment, the United States dominates the North American Refractories Industry.

Covid-19 Impact:

Saint-Gobain (France), RHI Magnesita (Austria), Corning Incorporated (US), Morgan Advanced Materials (UK), and Shinagawa Refractories are among the key Tier I and II suppliers in the worldwide Refractories industry (Japan). Manufacturing facilities for these providers can be found throughout Asia Pacific, Europe, North America, South America, and the Middle East and Africa. COVID-19 has also had an influence on their enterprises.

Due to decreasing demand, supply chain constraints, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 epidemic, these companies have issued a production halt. As a result, refractory demand is predicted to decrease in 2020. Manufacturers will most likely adapt production to avoid bottlenecks and schedule production based on demand from tier 1 suppliers.

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