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Worldwide Refractories Industry to 2025 - Featuring RHI Magnesita, Vesuvius & Krosaki Harima Among Others

Research and Markets
·10-min read

Dublin, Sept. 29, 2020 (GLOBE NEWSWIRE) -- The "Global Refractories Market by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic & Neutral Basic), End-use Industry (Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass), and Region - Forecast to 2025" report has been added to's offering.

The global Refractories market is estimated to be USD 23.2 billion in 2020 and is projected to reach USD 27.4 billion by 2025, at a CAGR of 3.4% from 2020 to 2025.

The market is witnessing moderate growth, owing to increasing application, technological advancements, and growing demand for these refractories in the Asia-Pacific and Europe. Refractories are largely used in the iron & steel industry. The increasing use of refractories and the rising construction activities is driving the refractories market. Strict environmental and government regulations is the restraints for the Refractories market.

Iron & Steel segment is expected to lead the Refractories market during the forecast period

The iron & steel industry will continue to lead the Refractories market, , accounting for a share of 60% of the overall market, in 2019 terms of value. This was due to the increasing demand for infrastructure development and mounting demand for consumer goods such as automobiles. The increasing preference for high-cost, high-performance refractories is driven by the need to improve the quality of life, health & environment, and shift to clean, alternative sources of manufacturing.

Asia-Pacific is the largest market for Refractories

Asia-Pacific accounted for the largest share of the Refractories market in 2020. Factors such as the rapidly increasing consumption of refractories in the iron & steel, power generation cement, and glass industries in countries such as China, Japan, India, South Korea and Australia have led to an increased demand for Refractories in the Asia-Pacific region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Refractories Market
4.2 Refractories Market, by Major Countries
4.3 Global Refractories Market, by End-Use Industry and Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increase in Infrastructural Development in Emerging Countries High Growth Rate Witnessed by the Non-Metallic Minerals Industry Growing Demand for High-Grade Refractories from the Iron & Steel Industry
5.2.2 Restraints Restrictions on the Use of Refractories due to the Growing Environmental Concerns Monopoly of China Over Raw Material Supply
5.2.3 Opportunities Recycling of Refractory Materials Consolidation of the Market
5.2.4 Challenges Overdependence on the Iron & Steel Industry
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Rivalry Among Existing Players
5.3.6 Impact of COVID-19 on Supply Chain
5.4 Macroeconomic Indicators

6 Refractories Market, by Form
6.1 Introduction
6.1.1 Shaped Refractories Increasing Demand from Boilers, Nuclear Reactors, and Cement Kilns is Driving the Demand for Shaped Refractories
6.1.2 Unshaped Refractories Qualities such as Ease-of-Use and Better Volume Stability are Increasing the Demand for Unshaped Refractories

7 Refractories Market, by Alkalinity
7.1 Introduction
7.1.1 Acidic & Neutral Refractories Increasing Demand from Steel, Non-Ferrous Metal, and Cement Industries is Driving the Demand for Acidic & Neutral Refractories Silica Refractories Fireclay Refractories Alumina Refractories Zirconia Refractories Chromite Refractories Carbon Refractories
7.1.2 Basic Refractories Increasing Demand from High-Temperature Furnaces, Boilers, and Cement Kilns is Driving the Basic Refractories Market Magnesite Refractories Dolomite Refractories

8 Refractories Market, by End-use Industry
8.1 Introduction
8.1.1 Iron & Steel Demand from Major Steel Making Countries is Driving the Market for Refractories
8.1.2 Power Generation Demand for Refractories from the Power Generation Industry is Witnessing Slow Growth
8.1.3 Non-Ferrous Metal Increasing Demand from Automotive and Aviation Industries is Driving the Demand for Refractories for Non-Ferrous Metals
8.1.4 Cement Infrastructural Developments in Emerging Economies are Driving the Demand for Refractories in the Cement Industry
8.1.5 Glass Growing Residential and Commercial Construction in Emerging Economies is Driving the Demand for Refractories in the Glass Industry
8.1.6 Other Industries Growing Chemical and Aerospace Industries are Driving the Demand for Refractories

9 Refractories Market, by Region
9.1 Introduction
9.2 APAC
9.2.1 Impact of COVID-19 in APAC
9.2.2 China Increasing Demand for Iron & Steel in Construction Industry
9.2.3 Japan High Demand from Automobile Industry
9.2.4 India Growth of Iron & Steel, Glass, and Power Generation Industries
9.2.5 South Korea Electronic & Home Entertainment Industries Increasing Demand for Glass
9.2.6 Australia High Demand for Iron & Steel in Construction Industry
9.2.7 Rest of APAC
9.3 Europe
9.3.1 Impact of COVID-19 in Europe
9.3.2 Russia Infrastructural Development and Urbanization Have Increased the Demand for Refractories in Russia
9.3.3 Germany Growth of the Construction Industry Boosting Market
9.3.4 Turkey Rising Demand for Iron and Steel
9.3.5 Italy Cement and Glass Industries to Drive the Refractories Market
9.3.6 France Iron & Steel and Non-Ferrous Metals Industries Boosting Demand
9.3.7 Spain Increased Export of Iron & Steel Has Boosted the Demand for Refractories in Spain
9.3.8 UK Increased Demand from Glass and Iron & Steel Industries
9.3.9 Rest of Europe
9.4 North America
9.4.1 Impact of COVID-19 in North America
9.4.2 US Increased Demand for Iron & Steel Has Boosted the Demand for Refractories in the Country
9.4.3 Canada The Construction Industry Has Boosted the Demand for Refractories in the Country
9.4.4 Mexico Increased Demand for Automobiles Has Boosted the Demand for Refractories in the Country
9.5 Middle East & Africa
9.5.1 Impact of COVID-19 in Middle East & Africa
9.5.2 Saudi Arabia Growth of the Power Generation Sector
9.5.3 South Africa Growth of the Construction Sector Supporting the Market
9.5.4 UAE Development of the Non-Oil Sector to Augment Market Growth
9.5.5 Rest of Middle East & Africa Infrastructural Development to Boost Demand for Refractories
9.6 South America
9.6.1 Impact of COVID-19 on South America
9.6.2 Brazil The Increasing Demand for Iron & Steel and Glass to Boost the Demand for Refractories
9.6.3 Argentina The Increasing Demand for Non-Ferrous Metals to Boost the Demand for Refractories
9.6.4 Rest of South America The Increase in Demand for Infrastructural Development to Boost the Demand for Refractories

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Scenario
10.3 Ranking of Key Players, 2019
10.3.1 RHI Magnesita (Austria)
10.3.2 Vesuvius plc (UK)
10.3.3 Shinagawa Refractories (Japan)
10.3.4 Krosaki Harima Corporation (Japan)
10.3.5 Saint-Gobain SA (France)
10.3.6 Other Major Players
10.4 Competitive Situations & Trends
10.4.1 Mergers & Acquisitions
10.4.2 New Product Developments
10.4.3 Expansions

11 Company Profiles
11.1 RHI Magnesita
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Recent Developments
11.1.4 SWOT Analysis
11.1.5 Winning Imperatives
11.1.6 Current Focus and Strategies
11.1.7 Threat from Competition
11.1.8 Right to Win
11.2 Vesuvius
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Recent Developments
11.2.4 SWOT Analysis
11.2.5 Winning Imperatives
11.2.6 Current Focus and Strategies
11.2.7 Threat from Competition
11.2.8 Right to Win
11.3 Krosaki Harima
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 Recent Developments
11.3.4 SWOT Analysis
11.3.5 Winning Imperatives
11.3.6 Current Focus and Strategies
11.3.7 Threat from Competition
11.3.8 Right to Win
11.4 Shinagawa Refractories
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 SWOT Analysis
11.4.4 Winning Imperatives
11.4.5 Current Focus and Strategies
11.4.6 Threat from Competition
11.4.7 Right to Win
11.5 Saint-Gobain
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments
11.5.4 SWOT Analysis
11.5.5 Winning Imperatives
11.5.6 Current Focus and Strategies
11.5.7 Threat from Competition
11.5.8 Right to Win
11.6 Corning Incorporated
11.6.1 Business Overview
11.6.2 Products Offered
11.6.3 SWOT Analysis
11.6.4 Analyst's View
11.7 Morgan Advanced Materials
11.7.1 Business Overview
11.7.2 Products Offered
11.7.3 Recent Developments
11.7.4 SWOT Analysis
11.7.5 Analyst's View
11.8 Coorstek Incorporated
11.8.1 Business Overview
11.8.2 Products Offered
11.8.3 Recent Developments
11.9 Harbisonwalker International
11.9.1 Business Overview
11.9.2 Products Offered
11.9.3 Recent Developments
11.10 Imerys
11.10.1 Business Overview
11.10.2 Products Offered
11.10.3 Recent Developments
11.10.4 SWOT Analysis
11.10.5 Analyst's View
11.11 Chosun Refractories
11.11.1 Business Overview
11.11.2 Products Offered
11.11.3 SWOT Analysis
11.11.4 Analyst's View
11.12 Additional Companies
11.12.1 Puyang Refractories Group
11.12.2 IFGL Refractories
11.12.3 Resco Products
11.12.4 Refractechnik Holding GmbH
11.12.5 Minteq International
11.12.6 Magnezit Group
11.12.7 Cerco
11.12.8 Almatis GmbH
11.12.9 Alteo Holding
11.12.10 Aluchem
11.12.11 Lhoist
11.12.12 Allied Minerals Products
11.12.13 Zhejiang Zili Advanced Materials
11.12.14 Ruitai Materials Technology
11.12.15 Liaoning Qinghua Refractories Co. Ltd.

12 Appendix

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