Refractories Market Research Report - Forecast to 2022 Industry Survey, Growth, Competitive Landscape and Forecasts to 2022 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Refractories Market Research Report- Forecast to 2022 Refractories are ceramic materials, made out of natural and synthetic materials and are designed to withstand the intense heat, chemical attack, and corrosion. Without undergoing physical and chemical changes while encountering with high temperatures encountered in modern manufacturing, Refractories materials remain unaffected from the thermal stress and other physical phenomena induced by heat along with the physical wear and corrosion caused by chemical agents. Therefore, they are extensively used where the manufacturing of petrochemical products and the refining of gasoline takes place. In addition to this, Refractories are used in a number of applications ranging from fireplace brick linings to the re-entry heat shields for the space shuttle. Hence, Refractories market is ever increasing the market, witnessing augmented demand all over the world. Acknowledging the kind of traction gained by this market, Market Research Future (MRFR) recently published a study report. According to MRFR, continuing with the same trends, the Global Refractories Market is projected to demonstrate a significant growth at a CAGR of 4.02% during the review period ( ). With the improved quality through controlled manufacturing, Refractories are delivering outstanding performance at the reduced maintenance costs across the industries. Resultantly, these materials are witnessing huge uptake that in escalating its market growth globally. Precast refractory shapes are the current trend in the market which will continue in the future as well, becoming a growing specialty in the refractory industry. Other factors supporting the market growth include growing population and improving economic conditions that have substantiated the industrialization & urbanization along with the consumer purchasing power. Also, increasing demand for Refractories in the steel manufacturing and favorable government regulations are expected to propel the market growth over the estimated period. Refractories Market - Overview

Refractories Market Research Report- Forecast to 2022 MRFR has segmented the market into four key dynamics. By Forms: Comprises – Shaped and Unshaped. By Types: Silica Brick, Fireclay, High Alumina, and Magnesite, among others. By Applications: Steel, Glass, Cement, and Non-Ferrous, among others. By Regions: North America, Europe, APAC and Rest-of-the-World. Get Complete Segmental Analysis

Refractories Market Research Report- Forecast to 2022 Regional Outlook The Asia Pacific accounted for the dominating market for Refractories with the largest share of the market and is further expected to grow at a significant CAGR throughout the forecast period. The growing population along with the urbanization drives the market growth, fuelling the construction sector in the region. Besides the factors such as the presence of numerous producers coupled with the availability of cost-comprehensive labor-force and the growing exports substantiate the regional market growth. Owing to the surging demand for Refractories backed by the ever increasing investments in the industrial sector and improved standard of living in some of the APAC countries such as India, China, and Japan are accounting for the major growth contributors to the APAC market. Globally, Europe accounted for the second-largest market, owning a substantial market share. Factors such as the growing applications in the making for Steel, Glass, and Cement, predominantly drive the regional market growth. Owing to the major growth contributor countries such as Germany, UK, and Russia, Europe region is expected to register a phenomenal CAGR over the forecast period. Owing to the growing production of steel and cement, the US has the largest consumer of refractories. Post to the recovering from the recession; companies are focusing more on profits by reducing material composites of high prices, which in turn, has boosted the refractories market growth in the US. The high rate of technology adoption and strict regulatory framework observed in the developed regions such as Latin America and North America is estimated to foster the market growth in these regions during the assessment period.

Refractories Market Research Report- Forecast to 2022 Major Players in this Research Refractories Market Prominent Players: Magnesita Refratarios S.A. Saint-Gobain S.A RHI AG Shinagawa Refractories Co. Ltd Krosaki Harima Corporation Corning Incorporated Vesuvius PLC Harbisonwalker International (HWI) Inc Coorstek Incorporated Morgan Advanced Materials PLC Get Free Sample

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