Refractories Industry Size in 2022 | Progress and Future Prospects

The global refractories industry size reached $32.25 billion in 2021. The market valuation is predicted to rise from $33.01 billion in 2022 to $44.82 billion by 2029, registering a CAGR of 4.5% from 2022-to 2029. The growth of this market is driven by increasing demand across major industrial sectors including iron, steel, and other metals, glass, cement, paper & pulp, and petrochemicals. Refractory customization to meet the global demand will further drive the market growth, says Fortune Business Insights™, in its report titled “Refractories Industry, 2022-2029.”

The research report provides the reader with an in-depth interpretation of the Refractories Industry dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes key business strategies, demand, and supply scenarios, geographic performance, and the renowned industry players, in a nutshell, offering a futuristic outlook of the overall Refractories industry. 

Recently published a research report titled, Refractories Market Size Share, Growth, Opportunities Analysis in 2022”. The research report highlights the inner and outer examination of the Refractories Industry. The Global Refractories Idustry Report detailed information and overview highlight the most recent trends in various regions. Leading Industry participants will benefit from the trading insights provided in this report. It also provides information on the Industry’s development and capabilities.

Competitive Analysis and Leading Key Players:

Know your current Industry situation! Not only an important element for new products but also for current products/services given the ever-changing Industry dynamics. The study allows Industryers to stay in touch with current consumer trends and segments where they can face a rapid Industry share drop. Discover who you really compete against in the Industryplace, with Industry Share Analysis know Industry position, % Industry Share, and Segmented Revenue of Refractories Industry.

List of top companies profiled in the report:

  • Beijing Lier High Temperature Materials Co., Ltd. (China)
  • Chosun Refractories (South Korea)
  • HarbinsonWalker International (U.S.)
  • Imerys (France)
  • Intocast Group (Germany)
  • Yingkou Jinlong Refractories Group (China)
  • Magnezit Group (Russia)
  • Posco Chemical (South Korea)
  • Puyang Refractories Group Co., Ltd. (China)
  • Refratechnik (Germany)
  • RHI Magnesita (Austria)
  • Ruitai Materials Technology Co., Ltd. (China)
  • Saint-Gobain (France)
  • Sinosteel Group Corporation Limited (China)
  • Vesuvius (UK)
  • Kaefer (Norway)
  • Plibrico Company, LLC (U.S.)
  • Alsey Refractories Co. (U.S.)
  • Other Key Players

Overview and Scope of the Report:

The Global Refractories Industry Analysis Report provides a detailed analysis of the Industry size of various segments and countries in previous years, as well as forecasts for the coming years. The Refractories Industry report presents a detailed competitive landscape of the global Industry. The Industry dynamics, drivers, and segmentation by application, type, region, and manufacturer are all discussed in this report. With respect to the regions and countries covered in the report, this Refractories Industry report provides both qualitative and quantitative aspects of the industry.

Major Companies are Focusing on Extending their Production Capacities

The report encompasses several factors that have contributed to the growth of the overall Industry in recent years. Among all factors, the efforts put in by large scale companies to enhance the production capacities of refractories across the world have had the highest impact on the growth of the Industry. In July 2019, Harbinson Walker announced that it has taken the decision to expand its manufacturing operations. 

The company will increase its production capacity in White Cloud, Michigan by 35%. The company will invest a mammoth USD 9 million in this expansion. This will emerge as the huge factor in the growth of the steel industry in North America. Harbinson Walker’s latest step to expand the production of refractories will not just help the company’s cause, but will also have a positive impact on the growth of the global refractories Industry in the foreseeable future. The increasing demand for the product will attract newer companies in the coming years.

Regional Analysis: 

The Refractories Industry report is highly structured into a region-wise study. The regional analysis comprehensively done by the researcher’s highlights key regions and their dominating countries accounting for substantial revenue share in the Industry. The report examines the key opportunities in the Refractories Industry and identifies the factors that are driving and will continue to drive the industry’s growth. It takes into account past growth patterns, growth drivers, as well as current and future trends.

Key Questions Answered:

1. What is the Industry size and CAGR of the Refractories Industry during the forecast period?
2. How is the growing demand impacting the growth of Refractories Industry shares?
3. What is the growing demand of the Refractories industry during the forecast period?
4. Who are the leading vendors in the Industry and what are their Industry shares?
5. What is the impact of the COVID-19 pandemic on the Europe Refractories Industry?

Finally, the Refractories Industry report measures the feasibility of new investment projects and presents an overall research conclusion. Also, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies.

Related Blogs-

Automotive Lubricants Industry Size

Automotive Ceramics Industry Share

Ceramic Coatings Industry growth

error: Content is protected !!