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Refractory Materials Market for GCC Steel Industry 2017-2021

Refractory Materials Market for GCC Steel Industry 2017-2021

About Refractory Materials

Refractory materials are inorganic, nonmetallic, porous, and heterogeneous materials with high melting points and other properties that make them appropriate to act as heat-resistant barriers between high and low-temperature zones. They are extensively used in constructing high-temperature areas, particularly in furnaces or boilers, as they minimize heat loss through the structure.

Technavio’s analysts forecast the refractory materials market for GCC steel industry to grow at a CAGR of 3.23% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the refractory materials market for GCC steel industry for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of refractory materials market for GCC steel industry.

The market is divided into the following segments based on geography:

  • KSA
  • UAE
  • Qatar
  • Others
Technavio's report, Refractory Materials Market for GCC Steel Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Calderys
  • Magnesita Refratários
  • RHI
  • Saint-Gobain
  • Vesuvius
Other prominent vendors
  • Arabian Refractories Factory
  • Chosun Refractories
  • HarbisonWalker International
  • IFGL Refractories
  • Krosaki Harima
  • Magnezit Group
  • Minteq International
  • Morgan Advanced Materials and its affiliates
  • OCL India
  • Puyang Refractories Group
  • Refractarios ALFRAN
  • Refratechnik Steel
  • Rescoproducts
  • Saudi Refractory Industries
  • SHINAGAWA REFRACTORIES
Market driver
  • Mounting demand from construction and infrastructure sector
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating cost of refractory materials and high energy consumption
  • For a full, detailed list, view our report
Market trend
  • Rising popularity of monolithic refractories over shaped refractories
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Refractory Materials Market for GCC Steel Industry 2017-2021

Technavio recognizes the following companies as the key players in the refractory materials market for GCC steel industry: Calderys, Magnesita Refratários, RHI, Saint-Gobain, and Vesuvius.

Other Prominent Vendors in the market are: Arabian Refractories Factory, Chosun Refractories, HarbisonWalker International, IFGL Refractories, Krosaki Harima, Magnezit Group, Minteq International, Morgan Advanced Materials and its affiliates, OCL India, Puyang Refractories Group, Refractarios ALFRAN, Refratechnik Steel, Rescoproducts, Saudi Refractory Industries, and SHINAGAWA REFRACTORIES.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising popularity of monolithic refractories over shaped refractories. Monolithic refractories, being distinct mixes or blends of dry granular or cohesive plastic materials with indefinite form, are likely to experience an increased demand over shaped refractories at a rapid growth rate, during the upcoming years. These refractories are likely to witness a surge in demand from almost every application, including the steel industry.”

According to the report, one of the major drivers for this market is Mounting demand from construction and infrastructure sector. GCC is exhibiting an increased demand for steel, and it is expected to rise during the upcoming years. This rising demand for steel is mainly driven by the developmental activities taking place in the construction and infrastructural sectors. The construction sector boom led by the petrodollars and the diversification of oil-based companies has turned GCC into a favored business spot for many international investors. The consumption of steel has increased significantly by the demand from these sectors. The main factors include expanding construction activities; increasing expenditure in railway, infrastructure, and road projects; and inexpensive and reliable energy supplies.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating cost of refractory materials and high energy consumption. There has been high volatility in the price of refractory materials in the previous few years. The cost of refractory materials is a determining factor of their end uses. The cost of a refractory product involves three main factors: Cost of raw materials, production cost, and cost to design and product testing.

Companies Mentioned

Calderys, Magnesita Refratários, RHI, Saint-Gobain, and Vesuvius, Arabian Refractories Factory, Chosun Refractories, HarbisonWalker International, IFGL Refractories, Krosaki Harima, Magnezit Group, Minteq International, Morgan Advanced Materials and its affiliates, OCL India, Puyang Refractories Group, Refractarios ALFRAN, Refratechnik Steel, Rescoproducts, Saudi Refractory Industries, and SHINAGAWA REFRACTORIES.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Global refractory market segmentation by end-user industries
      • Table Common properties for selecting a refractory material
      • Table Classification of refractory materials based on chemical behavior
      • Table Classification of refractory materials based on physical form
      • Table Value added products of magnesite
      • Table Process description of DBM
      • Table Value chain of DBM
      • Table Process description of FM
      • Table Value chain of FM
      • Table Global steel production by manufacturing process
      • Table Crude steel production growth rate in GCC (2012-2016)
      • Table Market share of GCC countries in crude steel production (2016)
  • Market landscape
    • Market overview
      • Table Refractory materials market for GCC steel industry
    • Market size and forecast
      • Table Refractory materials market for GCC steel industry 2016-2021 (MT)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by form type
    • Refractory materials market for GCC steel industry by form type
      • Table Refractory materials market for GCC steel industry by form type 2016 (MT)
      • Table Refractory materials market for GCC steel industry by form type 2021 (MT)
      • Table Market forecast: Market share of refractory materials for GCC steel industry by form type (% share)
    • Refractory materials market for GCC steel industry by brick refractories
      • Table Refractory materials market for GCC steel industry by brick refractories 2016-2021 (MT)
      • Table Prices for magnesia bricks 2016 ($/MT)
    • Refractory materials market for GCC steel industry by monolithic refractories
      • Table Refractory materials market for GCC steel industry by monolithic refractories 2016-2021 (MT)
  • Regional landscape
    • Geographical segmentation
      • Table Market forecast: Market share of refractory materials for GCC steel industry by geography 2016-2021 (% share)
    • Regional comparison
      • Table Regional comparison
    • KSA - market size & forecast
      • Table KSA - market size & forecast 2016-2021 (MT)
      • Table Major steel producers in KSA
      • Table KSA - Year over year growth
    • United Arab Emirates - market size & forecast
      • Table UAE - market size & forecast 2016-2021 (MT)
      • Table UAE - Year over year growth
    • Qatar - market size & forecast
      • Table Qatar - market size & forecast 2016-2021 (MT)
      • Table Qatar - Year over year growth
    • Others - market size & forecast
      • Table Others - market size & forecast 2016-2021 (MT)
      • Table Others - Year over year growth
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Steel consumption in GCC countries (2016)
      • Table Major steel production projects in GCC
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Global refractory market share of players by refractory revenue (2016)
    • Key market vendors
      • Table Key market vendors
    • Other prominent vendors
  • Key vendor analysis
    • Calderys
      • Table Calderys: Business segmentation by end users
    • Magnesita Refratários
      • Table Magnesita Refratários: Business segmentation by revenue
      • Table Magnesita Refratários: Geographical segmentation by revenue from refractory sales in steel segment
    • RHI
      • Table RHI: Business segmentation by revenue
      • Table RHI: Geographical segmentation by revenue
    • Saint-Gobain
      • Table Saint-Gobain: Business segmentation by revenue
      • Table Saint-Gobain: Geographical segmentation by revenue
    • Vesuvius
      • Table Vesuvius: Business segmentation by revenue 2016
      • Table Vesuvius: Geographical segmentation by revenue
  • Appendix
    • List of abbreviations
  • Explore Technavio

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