Global Refractories Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025

Global refractories market is expected to reach USD 40 007  million by 2025 from USD 29 518 million in 2017, at a CAGR of 4,0 % in the forecast period 2018 to 2025. The global refractories market is segmented based on alkalinity into three notable segments; acidic, neutral refractories and basic refractories. The acidic and neutral refractories segment is sub segmented into fireclay, silica, alumina, chromite, zirconia and carbon. Basic refractories are further sub segmented into magnesite and dolomite. In 2018, acidic and neutral refractories market is likely to dominate market with 70,9 % shares and is estimated to reach USD 28 694 million by 2025. It is growing at the highest CAGR of 4,1 % in the forecast period.

The global refractories market is segmented based on form type into three notable segments; bricks, monolithic and others. Monolithic segment is sub segmented into castable, plastic, ramming, patching, coating, refractory mortars and insulating castables. In 2018, the bricks market is estimated to dominate market with 55,4 % market share and will collect around USD 21 847 million by 2025, rising with a CAGR of 3,8 %. However, the monolithic market is growing at the highest CAGR of 4,4 % and is estimated to cross USD 15 203 million in 2025 from USD 10 869 million in 2017. The global refractories market is segmented based on fusion temperature into three notable segments; normal refractory (1580–1780 °C), high refractory (1780–2000 °C) and super refractory (>2000 °C). In 2018, the normal refractory (1580–1780 °C) market is estimated to dominate market with 51,1% shares and will collect around USD 21 013 million by 2025, rising with the highest CAGR of 4,4 %.

The global refractories market is segmented based on end user into six notable segments; iron and steel, cement and lime, energy and chemicals, glass, non-ferrous metal and others. In 2018, the iron and steel market is estimated to dominate market with 79,3 % shares and will collect around USD 32 143 million by 2025, rising with the highest CAGR of 4,2 %.

The new market report available now contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. The major factors contributing to the growth of the market includes factors such as increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron and steel industry.

www.researchandmarkets.com/publication/m7pxdkh/458356

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