{"id":541182,"date":"2021-04-29T18:18:02","date_gmt":"2021-04-29T18:18:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=541182"},"modified":"2021-04-29T18:18:02","modified_gmt":"2021-04-29T18:18:02","slug":"refractories-market-size-worth-usd-3177-billion-by-2028-rapid-growth-of-infrastructure-in-developing-countries-reports-and-data","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/refractories-market-size-worth-usd-3177-billion-by-2028-rapid-growth-of-infrastructure-in-developing-countries-reports-and-data_541182.html","title":{"rendered":"Refractories Market Size Worth USD 31.77 Billion By 2028, Rapid Growth of Infrastructure in Developing Countries | Reports and Data"},"content":{"rendered":"
\"Refractories<\/a><\/p>\n
\n
Refractories Market<\/div>\n<\/div>\n<\/div>\n
The global refractories market size was USD 24.71 Billion in 2020 and is expected to reach a value of USD 31.77 Billion by 2028, and register a CAGR of 3.10% during the forecast period.<\/p>\n<\/div>\n

Increasing demand for refractories in the iron & steel industry is one of the significant factors influencing market growth.<\/strong><\/p>\n

Market Size – USD 24.71 Billion in 2020, Market Growth – CAGR of 3.10%, Market Trends – Rapid growth of infrastructure in developing countries<\/strong><\/p>\n

The global Refractories Market<\/a> is expected to reach USD 31.77 Billion by 2028, according to a new report by Reports and Data. Increasing demand for the product from the iron & steel industry is estimated to stimulate market demand in the forecast period. These are the key materials used by the steel industry in the internal linings of furnaces for the production of iron and steel, in vessels for holding and carrying metal and slag, in furnaces for heating steel prior to further processing, and in the stacks through which hot gases are conducted. Refractories are also essential for the safe operation of the processes.<\/p>\n

Increasing demand for refractories in cement production is anticipated to fuel product demand in the upcoming years. Refractories play an instrumental role in both the lining of the high volume static equipment areas, which includes a modern pre-calciner kiln system and the rotary kiln lining. The robustness of the rotary kiln brick lining usually determines the operating duration of a kiln.<\/p>\n

Additionally, growing demand for non-ferrous metals that are used for producing castings for the automotive, aerospace, construction, medical, and electrical industries are expected to boost the global product demand.<\/p>\n

Key participants include Imerys, Vesuvius, Krosaki Harima Corporation, RHI Magnesita GmbH, Saint-Gobain, Corning Incorporated, Shinagawa Refractories, Coorstek Incorporated, Chosun Refractories, and Calderys Refractories Limited, among others.<\/strong><\/p>\n

Get a sample of the report @ https:\/\/www.reportsanddata.com\/sample-enquiry-form\/417<\/a><\/p>\n

Further key findings from the report suggest<\/span><\/strong><\/p>\n