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US Demand for Refractories to Reach USD 2,6 Billion in 2016

Gains will also come as nonresidential fixed investment spending returns to strong growth through 2016, prompting a resurgence in the manufacture of goods such as ceramics and glass. These and other trends are presented in Refractories, a new study from The Freedonia Group, Inc./US, a Cleveland based industry market research firm. In 2011, sales of refractories to iron and steel manufacturers totaled USD 990 million, making up 45 % of all refractory sales. Following a decline in steel output caused by the most recent recession, steel manufacturing in the US – and associated refractory demand – will rise through 2016. A shift in consumption toward higherpriced, advanced refractories will bolster sales value. However, the development of longer lasting, more durable refractories will limit demand going forward. Most materials manufacturing industries have reduced their per-production-unit consumption of refractories by using these newer, more durable products and improved processes. Refractories (published 12/2012, 242 pages) is available for USD 4900 from The Freedonia Group, Inc.(1/2013)

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