About Refractories Market
Refractories are inorganic, non-metallic materials that retain their strength at high temperatures. They are porous and heterogeneous and are composed of thermally stable mineral aggregates. Refractories are resistant to varying degrees of mechanical stress, thermal stress, strain, and corrosion. Refractories find application in furnaces, kilns, incinerators, and reactors.
One of the emerging market trends is the reshoring initiatives of automobile manufacturers. Reshoring refers to the act of reintroducing business operations that were outsourced overseas back to the country of origin. Reshoring activities are witnessing an uptrend in the US. The substantial rise in labor cost in countries such as China is driving the need to relocate manufacturing facilities, despite long lead times and risks involved. This is expected to fuel regional demand for refractories, as iron and steel production would rise to support restoring of businesses.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Refractories Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Refractories Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category drivers
Category constraints
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Refractories are inorganic, non-metallic materials that retain their strength at high temperatures. They are porous and heterogeneous and are composed of thermally stable mineral aggregates. Refractories are resistant to varying degrees of mechanical stress, thermal stress, strain, and corrosion. Refractories find application in furnaces, kilns, incinerators, and reactors.
One of the emerging market trends is the reshoring initiatives of automobile manufacturers. Reshoring refers to the act of reintroducing business operations that were outsourced overseas back to the country of origin. Reshoring activities are witnessing an uptrend in the US. The substantial rise in labor cost in countries such as China is driving the need to relocate manufacturing facilities, despite long lead times and risks involved. This is expected to fuel regional demand for refractories, as iron and steel production would rise to support restoring of businesses.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Refractories Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Refractories Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category drivers
- Reshoring initiatives of automobile manufacturers
- For a full, detailed list, view our report
Category constraints
- Refractory handling and storage tasks
- For a full, detailed list, view our report
Procurement best practices
- To maintain an effective communication system with suppliers
- For a full, detailed list, view our report
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints to category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 1: CATEGORY AT A GLANCE- TAKEAWAY 01 - Market Overview
- TAKEAWAY 02 - Demand and Supply Snapshot
- TAKEAWAY 03 - Key Market Dynamics
- TAKEAWAY 04 - Supply Market Highlights
- TAKEAWAY 05 - Pricing Insights
- TAKEAWAY 06 - Procurement Insights
PART 2: SCOPE OF THE REPORT
- Category Definition
- Research Methodology
PART 3: MARKET INSIGHTS
- Category Spend Analysis
- Category Maturity by Regions
- Demand-Supply Shifts
- Regional Demand-Supply Snapshot
- Market Developments
- Regional Impact of Trends
- Key Category Growth Drivers and Corresponding Regional Impacts
- Major Category Growth Constraints and Corresponding Regional Impacts
- Key Current Technological Innovations
- Major Regulatory Frameworks
- Strategic Sustainability Practices
- Porter’s Five Forces
- PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
- Supplier Operational Capability Matrix
- Other Prominent Suppliers by Region: Operational Capability Matrix
- Supplier Functional Capability Matrix
- Other Prominent Suppliers by Region: Functional Capability Matrix
- Key Clients and Partners
- Supplier Cost Breakup
- Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
- Pricing Models Snapshot
- Pricing Models - Pros and Cons
- Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
- Major Category Requirements
- Major Procurement Pain Points
- Category Sourcing Evolution Matrix
- Procurement Best Practices
- Cost-saving Opportunities
- Supplier Selection Criteria
- Category Negotiation Strategies
- SLA Terms
- Supplier Evaluation Criteria
- Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
- Calderys (Imerys)
- Vesuvius
- RHI Magnesita
- Minteq International
- Morgan Advanced Materials
PART 8: APPENDIX
- Glossary
- Key Notes
Executive Summary
New Report Released: Global Refractories Category - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global Refractories Category - Procurement Market Intelligence Report: Calderys (Imerys), Vesuvius, RHI Magnesita, Minteq International, and Morgan Advanced Materials.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to establish a proper information flow channel with suppliers.”
According to the report, one of the key growth contributors for the global refractories market is the increasing demand from the iron and steel industry which accounts for about 70% of the global demand for refractories.
Further, the report states that a major procurement challenge faced by the buyers is the issues associated with refractory handling and storage due to which physical and chemical properties of refractories may be altered, rendering them unsuitable for use.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Calderys (Imerys)
- Vesuvius
- RHI Magnesita
- Minteq International
- Morgan Advanced Materials
Methodology
LOADING...
