Reports and Data estimates the global Refractories competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Refractories during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Imerys, Vesuvius, Krosaki Harima Corporation, RHI Magnesita GmbH, Saint-Gobain, Corning Incorporated, Shinagawa Refractories, Coorstek Incorporated, Chosun Refractories, and Calderys Refractories Limited.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/417
Form Outlook:
The monolithic segment is expected to register the highest CAGR during the forecast period. This is because of increasing preference for monolithic type over conventional brick products due to benefits offered by monolithic linings such as better spalling tendency, elimination of joints, greater volume stability, easier transportation and handling, and requirement of low skilled workforce. In addition, monolithic refractors are replacing traditional type fired refractories in countless applications including those of industrial furnaces. Additionally, shielding refractories with low conductivity and decent automated strength are used to condense heat loss in areas where abrasion by aggressive slag and molten metal are not severe. These materials aid manufacturers to save cost of fuel and control rapid heat-up.
Region Outlook:
The Asia Pacific market accounted for the largest revenue share in the global refractories market. The largest revenue share is attributed to increasing demand and adoption of refractories by various fast-growing end-use industries such as power generation, iron and steel, cement, and glass, among others, in countries including Japan, China, Australia, India, and South Korea.
The market China is expected to contribute the highest revenue share to the Asia Pacific market. Increasing population, and need for constant development of railways and roadways to meet travel demands in the country is a key factor driving market growth in China. In addition, rapidly growing China automotive industry and increasing number of infrastructural developments and construction activities in residential and commercial sectors are factors expected to boost growth of the glass, iron and steel, and cement industries. This in turn, is expected to drive adoption of refractories as an ingredient and drive market growth.
The North America market is expected to register significantly high growth rate during the forecast period. Growing demand for refractories in steel production and growing steel industry are factors expected to drive growth of the market in the region.
Inquiry more about to report @ https://www.reportsanddata.com/inquiry-before-buying/417
For the purpose of this report Reports and Data has segmented global Refractories market on the basis of type, application, and region:
By Chemical Composition Outlook
- Basic
- Acidic
- Neutral
By Form Outlook
- Bricks & Shapes
- Monolithics
- Others
By Industry Vertical Outlook
- Metallurgy
- Energy & Chemicals
- Glass & Ceramic
- Cement
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Request a customization on the report https://www.reportsanddata.com/request-customization-form/417
Key Questions answered by the Report:
- What is the expected year-on-year growth of the Refractories during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
Thanks for reading our report. For more details on customization, please connect with us to know more and our team will ensure the report is well suited to your needs.
For More Reports:
Emollients Market https://www.globenewswire.com/news-release/2020/08/20/2081232/0/en/Emollients-Market-To-Reach-USD-1-48-Billion-By-2027-Reports-and-Data.html
Geranyl Acetone Market https://www.globenewswire.com/news-release/2020/09/10/2091881/0/en/Geranyl-Acetone-Market-To-Reach-USD-302-9-Million-By-2027-Reports-and-Data.html
Protective Coatings Market https://www.globenewswire.com/news-release/2020/09/17/2095440/0/en/Protective-Coatings-Market-To-Reach-USD-52-31-Billion-By-2027-Reports-and-Data.html
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs