Global Refractory Materials Market 2016-2020
About Refractory Materials
Refractory materials are heat-resistant materials that are used in the coatings and linings of high-temperature furnaces, incinerators, kilns, and reactors, and as heat-resistant walls. They protect refractory units from corrosion, erosion, heat damage, and oxidation. They are also used in manufacturing crucibles and molds for application in the casting of glass and metals. The flame deflector systems that are used in rocket launch structures also use refractory materials.
Technavio’s analysts forecast the global refractory materials market to grow at a CAGR of 3.74% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global refractory materials market for 2016-2020. To calculate the market size, the report considers the revenue generated from end users/applications including the iron and steel, non-ferrous, cement, power, glass, and other non-metal industries in the key regions of the world.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Refractory Materials Market 2016-2020
Technavio recognizes the following companies as the key players in the global refractory materials market: Calderys, Magnesita Refratarios, Minteq International, RHI, Saint-Gobain, and Vesuvius
Other Prominent Vendors in the market are: Chosun Refractories, HarbisonWalker, Krosaki Harima, Magnezit, Morgan Advanced Materials, OCL, Puyang Refractories, Refratechnik, Resco Products, and Shinagawa Refractories
Commenting on the report, an analyst from Technavio’s team said: “Monolithic refractories are the unshaped form of refractories that are used to construct joint-free linings and are given shape only during the application. These refractories have seen a surge in demand in nearly all of the major applications like cement and glass manufacture and power generation. They are used in various forms like plastics, castables, gunning mixes, ramming masses, and mortars.”
According to the report, the demand for the refractory materials has grown proportionately with the growth of the power generation industry. The demand for refractory materials has increased in tandem with the growth of the power generation industry. Refractories are used in this industry to control heat output during power generation. Boilers used to extract energy from coal are coated with high strength refractories to protect against thermal shock. Conventional thermal power plants accounted for nearly 65% of the global electricity generation. Coal-fired and fossil fuel-fired power plants also have a sizeable share in the power generation industry. In the US, fossil fuels accounted for 70% of electricity generation; in China, this went up to 80%. China has the largest conventional thermal capacity of 900 GW (mostly fired by coal), followed by the US having a capacity of 823 GW (41% coal and 59% natural gas). Japan has the third largest capacity of 189 GW, followed by India having 168 GW. Despite all the regulations imposed on coal-fired power generation, its demand will sustain in the coming years.
Further, the report states that the vendors of the refractory material segment are in continuous search for improved products and materials which could be designed and supplied to satisfy the end-users’ requirements. This has resulted in the improvement of the quality of refractory used which reduces the need of replacing and purchasing new materials. This can be deciphered from the difference in the consumption volumes of refractory materials used in the developed and emerging countries to produce each unit of the end-product.
Calderys, Magnesita Refratarios, Minteq International, RHI, Saint-Gobain, Vesuvius, Chosun Refractories, HarbisonWalker, Krosaki Harima, Magnezit, Morgan Advanced Materials, OCL, Puyang Refractories, Refratechnik, Resco Products, Shinagawa Refractories.
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