Dublin, Nov. 17, 2020 (GLOBE NEWSWIRE) -- The "Magnesia Chrome Brick - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Magnesia Chrome Brick market accounted for $2.10 billion in 2019 and is expected to reach $3.20 billion by 2027 growing at a CAGR of 5.4% during the forecast period.
Some of the factors such as high growth rate witnessed by the non-metallic minerals industry and growing demand for high-grade magnesia chrome bricks from the iron & steel industry are propelling the market growth. However, monopoly of china over raw material supply is hampering the market growth.
Magnesia chromes bricks are generally utilized in cement kilns and non-ferrous furnaces. Magnesite chrome brick consist of magnesium oxide and chromium oxide as the main component, periclase and spinel as most important mineral components of refractory products.
Based on the end user, the iron & steel segment is going to have a lucrative growth during the forecast period due to the rising demand for infrastructure development and mounting command for consumer goods such as automobiles.
By geography, Asia Pacific is estimated to have a lucrative growth due to the factors such as rapidly growing consumption of Magnesia chrome brick in the iron & steel, power generation cement, and glass industries in countries such as China, India, Japan, Australia and South Korea have led to a better command for Magnesia chrome brick in this region.
Some of the key players profiled in the Magnesia Chrome Brick Market include Calderys, Chosun Refractories Co. Ltd, Gita Refractories, Harbisonwalker International, KT Refractories, Magnezit Group, Mayerton, Minerex India, Qinghua Refractories co. Ltd, Resco Products, RHI Magnesita, RS Kiln Refractory Company, Ruitai Materials Technology, Shinagawa Refractories, and Vesuvius.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019 2020, 2024, and 2027
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Magnesia Chrome Brick Market, By Type
5.2 Chemically Bonded
5.3 Direct Bonded
5.4 Fused Cast
6 Global Magnesia Chrome Brick Market, By Sales Channel
6.2 Direct Sales
6.3 Indirect Sales
7 Global Magnesia Chrome Brick Market, By End User
7.4 Iron & Steel
7.5 Non-Ferrous Metals
7.6 Power Generation
8 Global Magnesia Chrome Brick Market, By Geography
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.5 Other Key Strategies
10 Company Profiling
10.2 Chosun Refractories Co. Ltd
10.3 Gita Refractories
10.4 Harbisonwalker International
10.5 KT Refractories
10.6 Magnezit Group
10.8 Minerex India
10.9 Qinghua Refractories co. Ltd
10.10 Resco Products
10.11 RHI Magnesita
10.12 RS Kiln Refractory Company
10.13 Ruitai Materials Technology
10.14 Shinagawa Refractories
For more information about this report visit https://www.researchandmarkets.com/r/erntji
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