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Refractories Market – Global Forecast to 2023

The increase in demand from the iron and steel, glass, non-ferrous metals, and power generation industries fuel the refractories market. The increasing demand from APAC due to the growth of the construction and automotive industries is driving the refractories market growth. However, the downfall of the iron and steel industry in some areas can affect the refractories market.
The demand for refractories is driven by its use for applications in various end-use industries such as iron and steel, glass, and cement. Refractories are used in the linings of high-temperature furnaces, reactors, and other processing units. They act as a thermal barrier between a hot medium and the wall of the containing vessel and also provide a chemical protective barrier against corrosion. The key drivers for the refractories market are the increasing infrastructural development in emerging countries, high growth of the non-metallic mineral industry, and the growing demand for high-grade refractories from the iron and steel industry. These factors have fueled the demand for refractories in countries such as China, India, and Japan.   www.researchandmarkets.com/publication/mgzyhfp/4745829

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