Refractories Market to Witness Impressive Growth During 2021-2026

Stratview Research has recently published a report on the Refractories Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2021 to 2028.

The Refractories Market is Segmented by Form Type (Bricks & Shapes, Monolithic, and Others), by Composition Type (Clay-based, Nonclay-based), by Type (Acidic, Basic, and Neutral), by Manufacturing Process Type (Dry Press Process, Fused Cast, Hand Molded, Formed, and Unformed), by End-User Type (Iron & Steel, Non-metallic Materials, Non-ferrous Metals, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

Refractories Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Refractories Market  is likely to witness an impressive CAGR of 4.2% during the forecast period.

Some of the companies drive the market growth:

  • Chosun Refractories

  • CoorsTek Incorporated

  • HarbisonWalker International, Inc.

  • Imerys S.A.

  • Krosaki Harima Corporation

  • Morgan Advanced Materials

  • RHI Magnesita N.V.

  • Saint-Gobain

  • Shinagawa Refractories Co., Ltd.

  • Vesuvius PLC.

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Segment Analysis:

By Composition Type

The market is segmented as clay-based and nonclay-based. The clay-based refractories segment is estimated to account for the major share of the market during the forecast period.  This clay-based refractory includes mullite ceramics, fire clays, etc. and are generally produced as monolithic, preformed bricks, and are also helpful in developing light weight refractories in the form of blankets, fiberboards, and vacuum cast shapes.

By Region

Asia-Pacific is estimated to be the largest as well as the fastest-growing region in the market owing to growing production and research and development centers with China, Japan, and India being the major countries as the leading contributors in iron & steel, non-ferrous and glass industries during the forecast period. Factors such as growing industries owing to increasing per capita expenditure of the population and increase in urbanization are the major factors fueling the regional market growth over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

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