According to the latest market research report “Refractories Market: By Form (Shaped, Monolithic); By Chemical Composition (Acidic & Neutral, Basic); By Industry (Crude Iron & Steel, Cement, Glass and Others); By Material (Chromite, Graphite, Alumina, zirconia, Silica and Others) & Geography – Forecast (2016-2021)”, published by IndustryARC, estimates to develop rapidly.
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Refractories play an important role in crude steel production, and have a crucial input impact on quality of steel products. The new technical and scientific journal for the entire refractory sectors is production, application and further development of high production materials.
Refractory material in furnace lining, incinerators and reactors are used in many of the industries. Refractories find application in vessel lining construction of unshaped products, prefabricated elements and bricks in the industries. The key end users industries for refractory factory include iron and steel, non-ferrous metals, non-metallic minerals, such as glass. Multiple refractory insulation and additional refractory materials are necessary to protect the steel structure in the furnaces from aggressive processing conditions.
Scope & Regional Forecast of the Refractories Market
Iron and steel are the largest end user industry for refractories work market. However, due to growing equipment efficiency, the refractory mass intake of the end user companies has been deteriorating. The expansion of iron and steel companies in terms of acquisition of new raw materials sites or increasing the number of processing the number of processing plants are generating new demands for the refractories market. The global glass market is rising at fast pace due to its cumulative demand right from the construction and corporate sectors.
Refractories consumption per ton of the processed metal varies across the countries. The refractories industry in the recent past years has been witnessed engaged in some serious research and expansion of new generation of refractories termed as Eco refractories. These types of refractories will be used in furnaces for alternative energy production including solar, wind, tidal, geothermal, hydrogen, nuclear and biomass.
Asia Pacific is the leading refractories market till 2017, in terms of value and volume. The statics says the upcoming years have an extensive market growth which will continue till 2020, or may be extend for more years. China is the largest refractory products producer and consumer of refractories in Asia-Pacific in 2013. China is also the one of the largest supplier of refractories raw materials such as refractory bauxite, magnesia, graphite, brown fused alumina and silicon carbide. The high rate of infrastructure development and growing demands in the consumer goods in automobile.
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Segmentations & Key Players Involved in the Refractories Market
The Chemicals and Materials can be broken down into various segmentations on the basis of –
Form: Shaped Refractories, Monolithic Refractories and Others
Chemical Composition: Acidic & Neutral Refractories and Basic Refractories
Industries: Crude Iron & Steel, Cement & Lime, Glass, Non-Ferrous Metals and Others
Material: Chromite, Graphite, High Alumina, Magnesite, Silica, Zirconia and Others
Geography: America, Europe, Asia-Pacific and Rest of the World
Some of the key players involved in the Chemicals and Materials are as follows:
A C Technologies
Advance Carbon Products, Inc.
Advance Thermotec/Div. of Advance Boiler & Tank LLC
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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 – 2021, to assess how the market will develop.
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