Description
Refractories Market Analysis
Refractories Market Forecast till 2030
Market Overview
The main factor driving growth in the global refractories market is high demand for refractories in cement production, fueled by increasing infrastructure development in both developed and developing countries. The use of refractories in the production of non-ferrous metals, such as aluminum, titanium, zinc, lead, and nickel, is also positively impacting market growth. These metals are utilized in industries like automotive, aerospace, medical, construction, and electronics for their properties such as reduced weight, high strength, nonmagnetic characteristics, high melting points, and resistance to chemical and atmospheric corrosion.
Refractories play a crucial role in the production of clinker, a key component in cement manufacturing. As infrastructure development rises in both developed and emerging economies, the demand for cement is increasing. The growing number of construction projects, particularly in India, due to urbanization and industrialization, is projected to drive demand for cement and refractories. The cement industry is known for being a sustainable and energy-efficient contributor to the global economy.
Segment Overview
Refractory or refractory material refers to a substance that can withstand high temperatures, resist decomposition from heat, pressure, or chemical reactions, and maintain its strength and shape. They are used as the primary lining material in industrial equipment for their low maintenance, safety, and cost-effectiveness. The refractories market is divided into segments based on end-user industry, product type, and geography. The product type segment includes non-clay and clay refractories, while the end-user industry segment includes energy and chemicals, ceramics, iron and steel, non-ferrous metals, cement, and glass.
Regional Analysis
The global refractories market is separated into five geographical regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The North American market is stimulated by rising demand for non-metallic minerals, expanding infrastructure in emerging nations, and demand from the steel and iron sector. A number of firms are also growing their production capacities to increase their market share. In Europe, the robust steel industry, which is a key supplier to the automotive, machinery, and other leading industries, is anticipated to drive market growth. Asia Pacific is expected to dominate the market due to the strong presence of end-user industries in the region. The Latin America refractory material market covers countries like Brazil, Chile, Mexico, Argentina, and others. Mexico and Brazil are the main contributors to the market revenue in the region, and the market demand is likely to see substantial growth in the coming years due to growing urbanization and industrialization in countries such as Brazil and Argentina, resulting in significant investment in construction projects like roadways, railways, and residential & commercial buildings.
Major Players
Key players in the market are Saint-Gobain (France), Morgan Advanced Materials (UK), Vesuvius (England), Shinagawa Refractories Co., Ltd. (Japan), Calderys (France), RHI Magnesita GmbH (Austria), Krosaki Harima Corporation (Japan), HarbisonWalker International (US), CoorsTek Inc. (US), and Chosun Refractories Eng. Co. Ltd. (South Korea).
COVID 19 Impacts
The COVID-19 pandemic has greatly impacted the global supply chain and operations of the chemicals and materials industry, including the refractories market. Production of refractories declined as companies had to temporarily close facilities or operate at reduced capacities to prevent the spread of the virus. The unavailability of raw materials due to supply disruptions and border restrictions further impacted production. Additionally, the reduced demand from end-use industries and low prices of raw materials resulted in surplus stocks and reduced production. The primary raw materials used in refractory production, such as silicon, aluminium, magnesium, calcium, and zirconium, were affected by the outbreak, leading to supply disruptions. The trade between China and the US was also negatively impacted. The COVID-19 crisis had a major effect on the chemical industry, leading to decreased prices of raw materials and end products.
The pandemic has also caused major pressure on the supply chain, with congestion at ports causing delays in cargo unloading and product supply. Quarantine protocols in China caused worker shortages, market shutdowns, and raw material shortages, affecting the global supply of refractories. Logistical issues at regional border checkpoints have also become a concern. The reduction in demand for petrochemicals due to factory closures or reduced productivity has further impacted the refractories market. Overall, the COVID-19 pandemic has resulted in reduced supply and demand for refractories and logistical challenges.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 18
1.1 MARKET ATTRACTIVENESS ANALYSIS 20
1.1.1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL REFRACTORIES MARKET 20
1.1.2 GLOBAL REFRACTORIES MARKET, BY ALKALINITY 21
1.1.3 GLOBAL REFRACTORIES MARKET, BY FORM 22
1.1.4 GLOBAL REFRACTORIES MARKET, BY APPLICATION 23
1.1.5 GLOBAL REFRACTORIES MARKET, BY REGION 24
2 MARKET INTRODUCTION 25
2.1 DEFINITION 25
2.2 SCOPE OF THE STUDY 25
2.3 MARKET STRUCTURE 25
3 RESEARCH METHODOLOGY 26
3.1 RESEARCH PROCESS 26
3.2 PRIMARY RESEARCH 27
3.3 SECONDARY RESEARCH 28
3.4 MARKET SIZE ESTIMATION 28
3.5 FORECAST MODEL 30
3.6 LIST OF ASSUMPTIONS 30
4 MARKET DYNAMICS 31
4.1 INTRODUCTION 31
4.2 DRIVERS 33
4.2.1 INCREASING USE OF REFRACTORIES DURING CEMENT PRODUCTION 33
4.2.2 RISING DEMAND FOR NON-FERROUS METALS 34
4.2.3 GROWING USE OF REFRACTORIES DURING GLASS PRODUCTION 35
4.2.4 DRIVERS IMPACT ANALYSIS 36
4.3 RESTRAINTS 36
4.3.1 ADVERSE EFFECTS ASSOCIATED WITH EXPOSURE TO HAPS 36
4.3.2 RESTRAINTS IMPACT ANALYSIS 37
4.4 OPPORTUNITIES 37
4.4.1 RECYCLING OF REFRACTORIES 37
4.5 CHALLENGES 37
4.5.1 SCARCITY OF RAW MATERIALS 37
5 MARKET FACTOR ANALYSIS 39
5.1 SUPPLY CHAIN ANALYSIS 39
5.1.1 RAW MATERIALS SUPPLIERS 40
5.1.2 REFRACTORY MANUFACTURERS 40
5.1.3 DISTRIBUTION CHANNELS 40
5.1.4 APPLICATION 40
5.2 PORTER’S FIVE FORCES MODEL 41
5.2.1 THREAT OF NEW ENTRANTS 41
5.2.2 BARGAINING POWER OF SUPPLIERS 42
5.2.3 THREAT OF SUBSTITUTES 42
5.2.4 BARGAINING POWER OF BUYERS 42
5.2.5 INTENSITY OF RIVALRY 42
5.3 PRICING OVERVIEW, BY REGION, 2023–2021 (USD/TON) 42
5.4 IMPACT OF COVID 19 OUTBREAK ON REFRACTORIES MARKET 43
5.4.1 SUPPLY-DEMAND SCENARIO 43
5.4.2 ECONOMIC BREAKDOWN 43
6 GLOBAL REFRACTORIES MARKET, BY ALKALINITY 45
6.1 OVERVIEW 45
6.2 ACIDIC & NUETRAL 45
6.3 BASIC 45
6.3.1 REFRACTORY: MARKET ESTIMATES & FORECAST BY ALKALINITY, 2023–2030 46
6.3.2 REFRACTORY: MARKET ESTIMATES & FORECAST BY ALKALINITY, 2023–2030 46
6.4 ACIDIC & NEUTRAL 47
6.4.1 ACIDIC & NEUTRAL: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 47
6.4.2 ACIDIC & NEUTRAL: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 47
6.5 BASIC 48
6.5.1 BASIC: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 48
6.5.2 BASIC: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 48
7 GLOBAL REFRACTORIES MARKET, BY FORM 49
7.1 OVERVIEW 49
7.2 SHAPED 49
7.3 UNSHAPED 49
7.3.1 REFRACTORY: MARKET ESTIMATES & FORECAST BY FORM, 2023–2030 50
7.3.2 REFRACTORY: MARKET ESTIMATES & FORECAST BY FORM, 2023–2030 50
7.4 SHAPED 51
7.4.1 SHAPED: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 51
7.4.2 SHAPED: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 51
7.5 UNSHAPED 52
7.5.1 UNSHAPED: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 52
7.5.2 UNSHAPED: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 52
8 GLOBAL REFRACTORIES MARKET, BY APPLICATION 53
8.1 OVERVIEW 53
8.2 IRON & STEEL 53
8.3 CEMENT 53
8.4 NON-FERROUS METAL 53
8.5 GLASS 53
8.6 OTHERS 53
8.6.1 REFRACTORY: MARKET ESTIMATES & FORECAST BY APPLICATION, 2023–2030 54
8.6.2 REFRACTORY: MARKET ESTIMATES & FORECAST BY APPLICATION, 2023–2030 55
8.7 IRON & STEEL 56
8.7.1 IRON & STEEL: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 56
8.8 CEMENT 57
8.8.1 CEMENT: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 57
8.9 NON-FERROUS METALS 58
8.9.1 NON-FERROUS METALS: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 58
8.10 GLASS 59
8.10.1 GLASS: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 59
8.11 OTHERS 60
8.11.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2023–2030 60
9 GLOBAL REFRACTORIES MARKET, BY REGION 61
9.1 OVERVIEW 61
9.2 NORTH AMERICA 64
9.2.1 US 67
9.2.2 CANADA 69
9.3 EUROPE 71
9.3.1 GERMANY 74
9.3.2 UK 76
9.3.3 FRANCE 78
9.3.4 SPAIN 80
9.3.5 ITALY 82
9.3.6 RUSSIA 84
9.3.7 REST OF EUROPE 86
9.4 ASIA PACIFIC 88
9.4.1 CHINA 91
9.4.2 JAPAN 93
9.4.3 INDIA 95
9.4.4 SOUTH KOREA 97
9.4.5 AUSTRALIA & NEW ZEALAND 99
9.4.6 REST OF ASIA-PACIFIC 101
9.5 LATIN AMERICA 103
9.5.1 BRAZIL 106
9.5.2 MEXICO 108
9.5.3 ARGENTINA 110
9.5.4 REST OF LATIN AMERICA 112
9.6 MIDDLE EAST & AFRICA 114
9.6.1 GCC COUNTRIES 117
9.6.2 SOUTH AFRICA 119
9.6.3 TURKEY 121
9.6.4 REST OF MIDDLE EAST & AFRICA 123
10 COMPETITIVE LANDSCAPE 125
10.1 INTRODUCTION 125
10.2 MARKET STRATEGY ANALYSIS 125
10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 125
10.4 COMPETITIVE BENCHMARKING 126
11 COMPANY PROFILES 127
11.1 RHI MAGNESITA GMBH 127
11.1.1 COMPANY OVERVIEW 127
11.1.2 FINANCIAL OVERVIEW 128
11.1.3 PRODUCTS OFFERED 128
11.1.4 KEY DEVELOPMENTS 129
11.1.5 SWOT ANALYSIS 129
11.1.6 KEY STRATEGIES 129
11.2 SAINT-GOBAIN S.A. 130
11.2.1 COMPANY OVERVIEW 130
11.2.2 FINANCIAL OVERVIEW 130
11.2.3 PRODUCTS OFFERED 131
11.2.4 KEY DEVELOPMENTS 131
11.2.5 SWOT ANALYSIS 132
11.2.6 KEY STRATEGIES 132
11.3 VESUVIUS 133
11.3.1 COMPANY OVERVIEW 133
11.3.2 FINANCIAL OVERVIEW 133
11.3.3 PRODUCTS OFFERED 134
11.3.4 KEY DEVELOPMENTS 134
11.3.5 SWOT ANALYSIS 134
11.3.6 KEY STRATEGIES 134
11.4 MORGAN ADVANCED MATERIALS (MORGAN) 135
11.4.1 COMPANY OVERVIEW 135
11.4.2 FINANCIAL OVERVIEW 135
11.4.3 PRODUCTS OFFERED 136
11.4.4 KEY DEVELOPMENTS 136
11.4.5 SWOT ANALYSIS 136
11.4.6 KEY STRATEGIES 136
11.5 SHINAGAWA REFRACTORIES CO., LTD 137
11.5.1 COMPANY OVERVIEW 137
11.5.2 FINANCIAL OVERVIEW 137
11.5.3 PRODUCTS OFFERED 138
11.5.4 KEY DEVELOPMENTS 138
11.5.5 SWOT ANALYSIS 139
11.5.6 KEY STRATEGIES 139
11.6 COORSTEK INC. 140
11.6.1 COMPANY OVERVIEW 140
11.6.2 FINANCIAL OVERVIEW 140
11.6.3 PRODUCTS OFFERED 140
11.6.4 KEY DEVELOPMENT 140
11.6.5 SWOT ANALYSIS 141
11.6.6 KEY STRATEGIES 141
11.7 KROSAKI HARIMA CORPORATION 142
11.7.1 COMPANY OVERVIEW 142
11.7.2 FINANCIAL OVERVIEW 142
11.7.3 PRODUCTS OFFERED 143
11.7.4 KEY DEVELOPMENTS 143
11.7.5 SWOT ANALYSIS 144
11.7.6 KEY STRATEGIES 144
11.8 HARBISONWALKER INTERNATIONAL 145
11.8.1 COMPANY OVERVIEW 145
11.8.2 FINANCIAL OVERVIEW 145
11.8.3 PRODUCTS OFFERED 145
11.8.4 KEY DEVELOPMENTS 146
11.8.5 SWOT ANALYSIS 146
11.8.6 KEY STRATEGIES 147
11.9 CALDERYS 148
11.9.1 COMPANY OVERVIEW 148
11.9.2 FINANCIAL OVERVIEW 148
11.9.3 PRODUCTS OFFERED 149
11.9.4 KEY DEVELOPMENTS 149
11.9.5 SWOT ANALYSIS 150
11.9.6 KEY STRATEGIES 150
11.10 CHOSUN REFRACTORIES ENG. CO. LTD. 151
11.10.1 COMPANY OVERVIEW 151
11.10.2 FINANCIAL OVERVIEW 151
11.10.3 PRODUCTS OFFERED 151
11.10.4 KEY DEVELOPMENTS 151
11.10.5 SWOT ANALYSIS 152
11.10.6 KEY STRATEGIES 152
12 APPENDIX 153
12.1 REFERENCES 153
12.2 RELATED REPORTS 154
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