What is Magnesia Chrome Brick Market?
Magnesia chrome brick is also called silicate bonded magnesia chrome brick, which is made of sintered magnesia clinker and refractory chrome brick. It consists of magnesium oxide (MgO) and chromium oxide (Cr2O3) as the main ingredient. It is used in metallurgy, building open-hearth furnace, electric furnace roof, refining furnace and various non-ferrous metal smelting furnace. Magnesia chrome brick has various advantages such as low thermal conductivity, good integrity with furnace lining, long service life and ease operation, good thermal stability, and high thermal insulation properties.
The market study is being classified by Type (Direct Bonded, Fused/Rebonded, Chemically Bonded and Fused Cast) and major geographies with country level break-up.
RHI Magnesita (Austria), Visuvius (United Kingdom), Shinagawa Refractories (Japan), HarbisonWalker International (United States), Calderys (France), Minerex India (India), Rongsheng Kiln (China), Ravani Ceramics (India), Gita Refratories (P) Ltd. (India) and Lanexis Enterprises (P) Ltd. (India) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that India Manufacturers will contribute to the maximum growth of Global Magnesia Chrome Brick market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Magnesia Chrome Brick market by Type, Application and Region.
On the basis of geography, the market of Magnesia Chrome Brick has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Urbanization and Industrialization Emerging Economies
- Constant Demand for the Development of Railways and Roadways in the Country
- Growing Preference of High-Performance Magnesia Chrome Brick
- Growing Environmental Concerns Is Restricting the Use of Use of Magnesia Chrome Brick
- Increase in Costs of Raw Materials
- Wide Range of Applications of Magnesia Chrome Brick
- Rising Demand for Consumer Goods
- High Dependence on Iron and Steel Industry
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations, Enterprise software vendors and Others
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