Scope of the Study
Refractory is the material which is resistant to decomposition by heat, pressure, or chemical attack, and retains strength and form at high temperatures. They are inorganic, nonmetallic, porous, and heterogeneous. The materials are typically composed of oxides of the materials such as silicon, aluminum, magnesium, calcium, and zirconium. According to American Society of Testing and Materials, refectories consist of physical and chemical properties which make them applicable for structures or components of system. They are used in furnaces, kilns, incinerators, and reactors. In addition they are also used for making crucibles and molds for casting glass and metals and for surfacing flame deflector systems for rocket launch structures
The market study is being classified and major geographies with country level break-up.
RHI Magnesita (Austria), Vesuvius (United Kingdom), Krosaki Harima (Japan), Shinagawa Refractories (Japan), Saint-Gobain (France), Corning Incorporated (United States), Morgan Advanced Materials (United Kingdom), CoorsTek, Inc. (United States), HarbisonWalker International, Inc. (United States) and IMERYS (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Chosun Refractories (South Korea), Puyang Refractories (China), IFGL Refractories (India), Resco Products, Inc. (United States) and Refractechnik Holding GmbH (Germany).
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 United States Vendors will contribute to the maximum growth of Global Refractories market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Refractories market by Type, Application and Region.
On the basis of geography, the market of Refractories 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.
- Rising Infrastructural Developments in Developing Economies
- Growing Iron and Steel Industry across the World
- Increasing Demand of Energy Efficient Technique in Steel Making
- Environmental Concerns and Health and Safety Issues
- Recycling of Refractories Materials is Boosting the Market
- Increasing Growth Rate of Non-Metallic Material Industry
- Emission of Volatile Organic Compounds may hamper the Market
Market Leaders and their expansionary development strategies
August 2018, Saint- Gobain has acquired German company HKO Group which provides a complete range of very high temperature thermal insulation and fire protection solutions. With this acquisition, Saint Gobain entered the high temperature thermal insulation markets.
In August 2018, Harbison Walker International has inaugurated its new manufacturing plant in South Point, Ohio. This plant is especially dedicated to the manufacturing of monolithic refractories.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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