Europe Refractories Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025
Europe refractories market is expected to reach USD 8,993.26 million by 2025 from USD 6,582.62 million in 2017, at a CAGR of 4.1% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors contributing to the growth of the market includes factors such as increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron & steel industry.
The key market players for Europe refractories market are listed below:
• RHI Magnesita
• Saint Gobain
• Morgan Advanced Materials
• Shinagawa Refractories Co., Ltd.,
• COORSTEK, INC.,
• HARBISONWALKER INTERNATIONAL
• KROSAKI HARIMA CORPORATION
• IFGL Refractories Ltd.
The market is further segmented into:
• Product Type
• Form type
• End User
• Fusion Temperature
The Europe refractories market is segmented based on alkalinity into three notable segments; acidic & neutral refractories and basic refractories. Acidic & neutral refractories segment is sub segmented into fireclay, silica, alumina, chromite, zirconia and carbon. Basic refractories are further sub segmented into magnesite and dolomite. In 2018, acidic & neutral refractories market is likely to dominate market with 70.9% shares and is estimated to reach USD 6,433.12 million by 2025. It is growing at the highest CAGR of 4.2% in the forecast period.
The Europe refractories market is segmented based on form type into three notable segments; bricks, monolithic and others. Monolithic segment is sub segmented into castable, plastic, ramming, patching, coating, refractory mortars and insulating castables. In 2018, the bricks market is estimated to dominate market with 55.6%market share and will collect around USD 4,908.00 million by 2025, rising with a CAGR of 3.8%. However, the monolithic market is growing with the highest CAGR of 4.6% and is expected to reach USD 3,431.74 million in 2025 from USD 2,415.74 million in 2017.
The Europe refractories market is segmented based on product type into two notable segments; clay and non-clay. Non-clay segment is sub segmented into silica bricks, magnesite bricks, chromite bricks, zirconia bricks and others. Clay segment is sub segmented into fire clay, high alumina and insulating. In 2018, the clay market is estimated to dominate market with 61.1% shares and will collect around USD 5,634.92 million by 2025, rising with the highest CAGR of 4.5%.
The Europe refractories market is segmented based on fusion temperature into three notable segments; Normal Refractory (1580-1780°C), High Refractory (1780-2000 °C) and Super Refractory (>2000 °C). In 2018, the normal refractory (1580-1780°C) market is estimated to dominate market with 50.7% shares and will collect around USD 4,704.11 million by 2025, rising with the highest CAGR of 4.5%.
The Europe refractories market is segmented based on end user into six notable segments; iron & steel, cement & lime, energy & chemicals, glass, non-ferrous metal and others. In 2018, the iron & steel market is estimated to dominate market with 81.2% shares and will collect around USD 7,384.31 million by 2025, rising with the highest CAGR of 4.2%.
Based on geography, the market is segmented into 11 geographical regions:
• Rest of Europe
Covered in this report
The report covers the present scenario and the growth prospects of the Europe refractories for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook