Refractories Market Report 2024-2032: Global Industry Analysis, Share, Size, Growth and Forecast

The latest report by IMARC Group, titled “Refractories Market Report by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic and Neutral, Basic), Manufacturing Process (Dry Press Process, Fused Cast, Hand Molded, Formed, Unformed), Composition (Clay-Based, Nonclay-Based), Refractory Mineral (Graphite, Magnesite, Chromite, Silica, High Alumina, Zirconia, and Others), Application (Iron and Steel, Cement, Non-Ferrous Metals, Glass, and Others), and Region 2024-2032“, The global refractories market size reached US$ 26.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.

Refractories are inorganic, non-metallic, porous, and heterogeneous materials designed to withstand high temperatures. They are manufactured from various raw materials, such as silicon, calcium, magnesium, aluminum, zirconium, fireclays, chromite, dolomite, and bauxite. They have heat-resistant properties,  the ability to carry the load and abrasive forces, and a low coefficient of thermal expansion. They are utilized to manufacture petrochemical products and the refining of gasoline. Refractories are also employed in the iron and steel, glass and ceramics, cement, and power industries across the globe.        

Refractories Market Trends and Drivers:

At present, the increasing demand for refractories due to the rising infrastructural development and construction of residential and commercial buildings represents one of the primary factors supporting the growth of the market. Apart from this, the rising utilization of iron, steel, and glass in the automotive industry is contributing to the market growth. Additionally, the increasing adoption of refractory materials in building kilns and furnaces for thermal insulation in glass manufacturing is bolstering the growth of the market. Furthermore, key players are investing in research and development (R&D) activities to introduce a set of refractory metal powders that are wear-resistant and highly suitable for manufacturing high-stress parts, which is strengthening the growth of the market.                               

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/refractories-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Form:

• Shaped Refractories
• Unshaped Refractories

Breakup by Alkalinity:

• Acidic and Neutral
• Basic

Breakup by Manufacturing Process:

• Dry Press Process
• Fused Cast
• Hand Molded
• Formed
• Unformed

Breakup by Composition:

• Clay-Based
• Nonclay-Based

Breakup by Refractory Mineral:

• Graphite
• Magnesite
• Chromite
• Silica
• High Alumina
• Zirconia
• Others

Breakup by Application:

• Iron and Steel
• Cement
• Non-Ferrous Metals
• Glass
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Chosun Refractories Eng Co. Ltd.
• Compagnie de Saint-Gobain S.A.
• Coorstek Inc.
• Imerys Usa Inc.
• Krosaki Harima Corporation
• Morgan Advanced Materials Plc
• Refratechnik Holding GmbH
• RHI Magnesita GmbH
• Vesuvius Plc

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145