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Refractories - Global Market Trajectory & Analytics

  • ID: 338433
  • Report
  • February 2022
  • Region: Global
  • 494 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Allied Minerals Products
  • Alteo Holding
  • CerCo Corporation
  • IFGL Refractories Ltd.
  • Lhoist Group
  • Minteq International Inc.

Global Refractories Market to Reach $30.2 Billion by 2027


Amid the COVID-19 crisis, the global market for Refractories estimated at US$23.8 Billion in the year 2020, is projected to reach a revised size of US$30.2 Billion by 2027, growing at aCAGR of 3.4% over the period 2020-2027. Bricks & Shapes, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$16.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Monolithics & Others segment is readjusted to a revised 3.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 4.1% CAGR


The Refractories market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.2 Billion by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Select Competitors (Total 104 Featured) -

  • Allied Minerals Products
  • Almatis GmbH
  • Alteo Holding
  • AluChem, Inc.
  • CerCo Corporation
  • Chosun Refractories Co., Ltd.
  • Compagnie de Saint-Gobain S.A.
  • CoorsTek, Inc.
  • Harbisonwalker International
  • IFGL Refractories Ltd.
  • Imerys S.A.
  • Krosaki Harima Corporation
  • Lhoist Group
  • Qinghua Refractories Co., Ltd.
  • Magnezit Group
  • Minteq International Inc.
  • Morgan Advanced Materials plc
  • Puyang Refractories Group Co., Ltd.
  • Refratechnik Holding GmbH
  • Resco Products, Inc.
  • RHI Magnesita GmbH
  • Ruitai Materials Technology Co., Ltd.
  • Shinagawa Refractories Co., Ltd.
  • Vesuvius plc
  • Zhejiang Zili Advanced Materials Co., Ltd.
Frequently Asked Questions about the Global Market for Refractories

What is the estimated value of the Global Market for Refractories?

The Global Market for Refractories was estimated to be valued at $23.8 Billion in 2020.

What is the growth rate of the Global Market for Refractories?

The growth rate of the Global Market for Refractories is 3.5%, with an estimated value of $30.2 Billion by 2027.

What is the forecasted size of the Global Market for Refractories?

The Global Market for Refractories is estimated to be worth $30.2 Billion by 2027.

Who are the key companies in the Global Market for Refractories?

Key companies in the Global Market for Refractories include Allied Minerals Products, Almatis GmbH, Alteo Holding, AluChem, Inc., CerCo Corporation, Chosun Refractories Co., Ltd., Compagnie de Saint, Gobain S.A. and Harbisonwalker International.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allied Minerals Products
  • Alteo Holding
  • CerCo Corporation
  • IFGL Refractories Ltd.
  • Lhoist Group
  • Minteq International Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Drop in Steel Demand Sets Major Impact on Refractory Business
  • Steel Demand in Million Metric Tons: 2018-2021
  • Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Strongly Discourage the Refractories Market
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into Refractories Market
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Business Climate Indicator in the Euro Area for the Period June 2019 to May 2020
  • Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
  • Revival in Construction Activity and Ensuing Demand for Iron and Steel to Improve Growth Prospects
  • Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
  • Refractories: A Prelude
  • Features and Benefits
  • Refractory Products by Form
  • Refractory Products by Material
  • Market Outlook
  • Regional Outlook
  • Key Drivers of Refractories by End-Use Sector
  • Monolithics to Outshine Bricks and Shapes
  • Non-Ferrous and Non-Metallic Applications Gain Growth
  • Refractories - Global Key Competitors Percentage Market Share in 2022 (E)
  • Refractory Production Landscape
  • Global Refractory Production Breakdown by Country/Region: 2019
  • Competition
  • Global Refractories Industry in Consolidation Mode
  • Market Share of Leading Players in the World Refractories Market: 2019
  • Recent Market Activity
  • World Brands
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Supplies and Pricing Volatilities Constrain the Refractories Market Worldwide
  • Influx of New Preparation Technologies to Transform Refractory Materials
  • Nanomaterials Gain Interest in Refractory Industry
  • Demand for Efficient and Durable Refractories on Rise
  • Raw Materials Play an Important Role in Determining Prices
  • Alternative Minerals to Witness Increased Adoption as Bauxite Supply Drops
  • Refractories: A Major End-Use Market for Natural Graphite
  • Major Markets for Flake Graphite Worldwide (2019): Percentage Breakdown of Volume Consumption by End-Use Sector
  • Companies Test Other Regions for Mining of Graphite
  • World Natural Graphite Production (2019): Percentage Breakdown of Production for Leading Countries
  • Refractory Manufacturers to Invest in Graphite Mines to Tackle Rising Graphite Prices
  • Focus on New Sources of Magnesia on Rise
  • World Refractory Magnesia Demand (2019): Percentage Breakdown of Volume Consumption by Region
  • Kyanite and Other Related Minerals Gain Interest
  • Customization of Refractories Catches On
  • A Highly Fragmented Marketplace Benefits Raw Material Suppliers
  • Demand for Efficient and Durable Refractories Rises
  • Market Dynamics of Major End-Use Sectors
  • Iron & Steel
  • World Crude Steel Production (2014-2021): Volume Output in Million Metric Tons
  • China Holds the Key for Future Growth of Steel Industry
  • Export
  • Leading Steel Exporting Countries (in Million Metric Tons) :2019
  • Leading Steel Importing Countries (in Million Metric Tons) : 2019
  • Cement
  • Leading Cement Producing Countries Worldwide (2019): Annual Volume Output in Million Tons
  • Glass Manufacturing
  • Growth Drivers for Flat Glass Industry: On a Scale 1-10 (10 - High Impact; 1 - Low Impact)
  • Ceramic Tiles

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics
  • Market Overview
  • Immediate Market Prospects Remain Sluggish
  • Market Demand Largely Dictated by Trends in the Steel Sector
  • US Annual Crude Steel Production in Million Tonnes: 2011-2019
  • COVID-19 Casts Shadow on the US Construction Sector, Curtails Steel Demand
  • Construction Spending Trends : July 2019 - June 2020
  • Residential Construction in the US (Jan 2020-June 2020): Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units
  • Residential Construction in the US (2008-2019): Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units
  • Number of States Limiting the Construction Industry due to COVID-19 as of April 2020
  • Favorable Outlook for Construction Materials Post COVID-19 Pandemic Augurs Well
  • Refractories: Major Application of Graphite in the US
  • Evolution of US Clay and Non Clay Refractories Industry: A Historical Perspective
  • Market Trends
  • Non-Clay Refractories to Make Gains
  • Advanced and Specialty Products Garner Consumer Interest
  • Monolithic Refractories Seek Novel Opportunities
  • Competitive Scenario
  • Market Share of Leading Players in the US Refractories Market: 2019

CANADA

JAPAN

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Despite COVID-19 Scare, China to Remain the Most Important Refractories Market
  • Refractory Raw Materials in China
  • Geographic Distribution of Refractory Producers
  • End-use Sectors
  • Steel Production in China (2011-2019) (in Million Tons
  • Steel Production in China (2011-2019) (in Million Tons
  • Chinese Refractories Industry to Consolidate in Future
  • Eco-Refractories to Foray into the Market
  • Magnesia Supply Weakens in China
  • Market Analytics

EUROPE

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Refractories Market in Europe to take a Hit Amid COVID-19 Outbreak
  • Steel Industry: An Integral Part of European Economy
  • Finished Steel Production in EU by Type (2019): Percentage Breakdown of Volume Production by Type
  • Recovery in Construction Activity Post COVID-19 Period to Sustain Growth in Steel Sector
  • Challenges Facing the Market
  • Crude Steel Production in Key European Markets: Annual Output in Million Tonnes for Years 2018 & 2019
  • Market Analytics

FRANCE

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
  • Government Initiatives to Boost Steel Industry Favor Growth in the Refractories Market
  • Anticipated Recovery in Construction Activity to Promote Demand for Steel
  • Market Analytics

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Steel Production in Asia
  • Crude Steel Production in Select Countries in Asia-Pacific: Annual Output in Million Tonnes for Years 2018 & 2019
  • Market Analytics

INDIA

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Evolution of Refractory Market in India
  • Challenges Facing the Indian Refractories Market
  • Efforts to Recycle, Reuse and Eliminate Refractory Waste
  • Indian Steel Market: A Review
  • Competitive Landscape
  • Market Analytics

REST OF ASIA-PACIFIC

LATIN AMERICA

  • Refractories Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Market Overview

BRAZIL


REST OF LATIN AMERICA


REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 104
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Allied Minerals Products
  • Almatis GmbH
  • Alteo Holding
  • AluChem, Inc.
  • CerCo Corporation
  • Chosun Refractories Co., Ltd.
  • Compagnie de Saint-Gobain S.A.
  • CoorsTek, Inc.
  • Harbisonwalker International
  • IFGL Refractories Ltd.
  • Imerys S.A.
  • Krosaki Harima Corporation
  • Lhoist Group
  • Qinghua Refractories Co., Ltd.
  • Magnezit Group
  • Minteq International Inc.
  • Morgan Advanced Materials plc
  • Puyang Refractories Group Co., Ltd.
  • Refratechnik Holding GmbH
  • Resco Products, Inc.
  • RHI Magnesita GmbH
  • Ruitai Materials Technology Co., Ltd.
  • Shinagawa Refractories Co., Ltd.
  • Vesuvius plc
  • Zhejiang Zili Advanced Materials Co., Ltd.
Note: Product cover images may vary from those shown