The global refractories market size was estimated at USD 45.36 billion in 2024 and is projected to reach USD 95.96 billion by 2033, at a CAGR of 9.1% from 2025 to 2033. Crude steel manufacturing through basic oxygen furnaces (BOF), electric arc furnaces (EAF), and induction furnaces (IF) requires high volumes of shaped and unshaped refractories to withstand extreme temperatures and chemical wear.
As countries like India, China, and Vietnam ramp up infrastructure and construction projects, steel demand and, thus, refractories continue to rise. Additionally, green steel initiatives in Europe and Asia encourage investments in new EAF setups, further strengthening refractory consumption. Cement kilns operate at temperatures exceeding 1400°C, demanding consistent refractory lining replacement. Rapid urbanization and population growth in the Asia-Pacific and Africa are fueling the construction of roads, bridges, residential, and commercial buildings, which translates to higher cement output. Moreover, capacity expansion plans by major cement producers in countries like India, Indonesia, and Nigeria are boosting demand for basic and non-basic refractories.
Rising demand from the non-ferrous metals industry is also contributing to market growth. Copper, aluminum, zinc, and nickel smelters require specialized refractory linings to handle chemically aggressive slags and high thermal loads. As energy transition efforts accelerate, demand for these metals in EV batteries, wind turbines, and solar panels increases. This is pushing companies in regions like Latin America, Africa, and Australia to invest in expanding and upgrading their smelting facilities, driving consistent refractory usage.
As countries like India, China, and Vietnam ramp up infrastructure and construction projects, steel demand and, thus, refractories continue to rise. Additionally, green steel initiatives in Europe and Asia encourage investments in new EAF setups, further strengthening refractory consumption. Cement kilns operate at temperatures exceeding 1400°C, demanding consistent refractory lining replacement. Rapid urbanization and population growth in the Asia-Pacific and Africa are fueling the construction of roads, bridges, residential, and commercial buildings, which translates to higher cement output. Moreover, capacity expansion plans by major cement producers in countries like India, Indonesia, and Nigeria are boosting demand for basic and non-basic refractories.
Rising demand from the non-ferrous metals industry is also contributing to market growth. Copper, aluminum, zinc, and nickel smelters require specialized refractory linings to handle chemically aggressive slags and high thermal loads. As energy transition efforts accelerate, demand for these metals in EV batteries, wind turbines, and solar panels increases. This is pushing companies in regions like Latin America, Africa, and Australia to invest in expanding and upgrading their smelting facilities, driving consistent refractory usage.
Global Refractories Market Report Segmentation
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. The analyst has segmented the global refractories market report based on the end use and region.- End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2021-2033)
- Iron & Steel
- Cement & Lime
- Glass & Ceramics
- Non-Ferrous Metals
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021-2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Russia
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- Saudi Africa
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the industry across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segmental and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
Chapter 4. Refractories Market: End Use Estimates & Trend Analysis
Chapter 5. Refractories Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this Refractories market report include:- Chosun Refractories Co., Ltd.
- CoorsTek Inc.
- HarbisonWalker International
- Imerys
- Krosaki Harima
- Morgan Advanced Materials
- RHI Magnesita
- Saint-Gobain SEFPRO
- Shinagawa Refractories
- Vesuvius
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 100 |
Published | August 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 45.36 Billion |
Forecasted Market Value ( USD | $ 95.96 Billion |
Compound Annual Growth Rate | 9.1% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |