Global Refractories Market (by Form Type, Application & Region): Insights, Trends and Forecast (2019-2023)

Global Refractories Market (by Form Type, Application & Region): Insights, Trends and Forecast (2019-2023)

The global refractories market value is forecasted to reach US$56.7 billion in 2023, growing at a CAGR of 3.5%, for the period spanning from 2018 to 2023. The factors such as rising demand for electric arc furnace steel, accelerating economic growth, escalating construction expenditure, rapid urbanization and increasing household consumption expenditure are expected to drive the market. However, growth of the industry would be challenged by increasing raw material prices and presence of stringent regulations. A few notable trends include growing demand for neutral refractories, recycling of refractory materials, increasing consolidation of market players and escalating Indian refractory products exports volume.

On the basis of form, refractory can be classified into shaped & unshaped. While on the basis of chemical composition, it is segmented into acidic, neutral and basic refractories. And, on the basis of product type, it is classified into clay and non-clay refractories. Presently, the un-shaped segment accounted for the larger market share, owing to increasing demand for plastic refractories in maintenance of blast furnace top-hole, plugging tubers, as linings for all kinds of heating furnace, soaking pit furnace, annealing furnace & sintering furnace along with high incorporation of additives during combustion process in furnaces or converters for the steel and glass production in South-Asian economies.

The fastest growing regional market is Asia-Pacific due to improving economic conditions and growing private construction operations in Australia & India. China represents one of the largest market and is already well-penetrated at developed market levels.

Scope of the report:

  • The report provides a comprehensive analysis of the global refractories market, segmented on the basis of form types i.e. Shaped & Un-shaped and Applications i.e. Steel, Energy & Cement, Non-ferrous Metals and others.
  • The major regional markets (Asia-Pacific, Europe and North America) have been analysed along with country coverage of China, India, US & Canada.
  • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players i.e. RHI Magnesita N.V., Vesuvius PLC, IFGL Refractories Ltd., Imerys S.A., Morgan Advanced Materials PLC and Minerals Technologies Inc. are also presented in detail.
Key Target Audience:
  • Refractories Manufacturers
  • Raw Material Suppliers
  • End Users
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
1.2 Classification
Table 1: Classification of Refractory
1.3 End Users and Applications
Table 2: Refractory End Users and Applications
1.4 Manufacturing Process
Table 3: Refractory Manufacturing Process
1.5 Supply Chain
Table 4: Refractory Supply Chain
2. Global Refractories Market Analysis
2.1 Global Refractories Market Value Forecast
Table 5: Global Refractories Market Value Forecast (2018-2023)
2.2 Global Refractories Market Value by Form Types
Table 6: Global Refractories Market Value by Form Types (2018)
2.2.1 Global Un-shaped Refractories Market Value Forecast
Table 7: Global Un-shaped Refractories Market Value Forecast (2018-2023)
2.2.2 Global Shaped Refractories Market Value Forecast
Table 8: Global Shaped Refractories Market Value Forecast (2018-2023)
2.3 Global Refractories Market Value by Applications
Table 9: Global Refractories Market Value by Applications (2018)
2.3.1 Global Steel Refractories Market Value Forecast
Table 10: Global Steel Refractories Market Value Forecast (2018-2023)
2.3.2 Global Energy and Chemicals Refractories Market Value Forecast
Table 11: Global Energy and Chemicals Refractories Market Value Forecast (2018-2023)
2.3.3 Global Non-ferrous Metal Refractories Market Value Forecast
Table 12: Global Non-ferrous Metal Refractories Market Value Forecast (2018-2023)
2.4 Global Refractories Market Value by Region
Table 13: Global Refractories Market Value by Region (2018)
2.5 Global Refractories Market Volume Forecast
Table 14: Global Refractories Market Volume Forecast (2018-2023)
2.6 Global Refractories Market Volume by Region
Table 15: Global Refractories Market Volume by Region (2018)
3. Regional Refractories Market Analysis
3.1 Asia-Pacific
3.1.1 Asia-Pacific Refractories Market Value Forecast
Table 16: Asia-Pacific Refractories Market Value Forecast (2018-2023)
3.1.2 Asia-Pacific Refractories Market Value by Form Types
Table 17: Asia-Pacific Refractories Market Value by Form Types (2018)
3.1.3 Asia-Pacific Shaped Refractories Market Value Forecast
Table 18: Asia-Pacific Shaped Refractories Market Value Forecast (2018-2023)
3.1.4 Asia-Pacific Un-shaped Refractories Market Value Forecast
Table 19: Asia-Pacific Un-shaped Refractories Market Value Forecast (2018-2023)
3.1.5 Asia-Pacific Refractories Market Value by Region
Table 20: Asia-Pacific Refractories Market Value by Region (2018)
3.1.6 China Refractories Market Value Forecast
Table 21: China Refractories Market Value Forecast (2018-2023)
3.1.7 India Refractories Market Value Forecast
Table 22: India Refractories Market Value Forecast (2018-2023)
3.1.8 India Refractories Market Value by Applications
Table 23: India Refractories Market Value by Applications (2018)
3.1.9 Asia-Pacific Refractories Market Volume Forecast
Table 24: Asia-Pacific Refractories Market Volume Forecast (2018-2023)
3.1.10 Asia-Pacific Refractories Market Volume by Region
Table 25: Asia-Pacific Refractories Market Volume by Region (2018)
3.1.11 China Refractories Market Volume Forecast
Table 26: China Refractories Market Volume Forecast (2018-2023)
3.1.12 India Refractories Market Volume Forecast
Table 27: India Refractories Market Volume Forecast (2018-2023)
3.2 Europe
3.2.1 Europe Refractories Market Value Forecast
Table 28: Europe Refractories Market Value Forecast (2018-2023)
3.2.2 Europe Refractories Market Value Forecast
Table 29: Europe Refractories Market Value Forecast (2018-2023)
3.2.3 Europe Shaped Refractories Market Value Forecast
Table 30: Europe Shaped Refractories Market Value Forecast (2018-2023)
3.2.4 Europe Un-shaped Refractories Market Value Forecast
Table 31: Europe Un-shaped Refractories Market Value Forecast (2018-2023)
3.2.5 Europe Refractories Market Volume Forecast
Table 32: Europe Refractories Market Volume Forecast (2018-2023)
3.3 North America
3.3.1 North America Refractories Market Value Forecast
Table 33: North America Refractories Market Value Forecast (2018-2023)
3.3.2 North America Refractories Market Value by Form Type
Table 34: North America Refractories Market Value by Form Type (2018)
3.3.3 North America Shaped Refractories Market Value Forecast
Table 35: North America Shaped Refractories Market Value Forecast (2018-2023)
3.3.4 North America Un-shaped Refractories Market Value Forecast
Table 36: North America Un-shaped Refractories Market Value Forecast (2018-2023)
3.3.5 North America Refractories Market Value by Region
Table 37: North America Refractories Market Value by Region (2018)
3.3.6 The U.S. Refractories Market Value Forecast
Table 38: The U.S. Refractories Market Value Forecast (2018-2023)
3.3.7 Canada Refractories Market Value Forecast
Table 39: Canada Refractories Market Value Forecast (2018-2023)
3.3.8 North America Refractories Market Volume Forecast
Table 40: North America Refractories Market Volume Forecast (2018-2023)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rising Demand for Electric Arc Furnace Steel
Table 41: Global Electric Arc Furnace Steel Market Volume (2018-2023)
4.1.2 Accelerating Economic Growth
Table 42: Global GDP per Capita (2014-2018)
4.1.3 Escalating Construction Expenditure
Table 43: Global Construction Expenditure (2018-2023)
4.1.4 Rapid Urbanization
Table 44: Global Urban Population (2014-2018)
4.1.5 Increasing Household Consumption Expenditure
Table 45: Global Household Consumption Expenditure (2014-2018)
4.2 Key Trends and Developments
4.2.1 Growing Demand for Neutral Refractories
Table 46: Global Neutral Refractories Industry (2018-2023)
4.2.2 Recycling of Refractory Materials
4.2.3 Increasing Consolidation of Market Players
Table 47: Global Refractories Market Consolidations (2017-2019)
4.2.4 Escalating Indian Refractory Products Exports Volume
Table 48: India Refractory Exports Volume (2014-2018)
4.3 Challenges
4.3.1 Increasing Raw Material Prices
Table 49: Raw Material used for Making Refractory (%)
Table 50: Key Refractory Raw Material Prices (2017/2018)
4.3.2 Presence of Stringent Regulations
5. Competitive Landscape
5.1 Global Refractories Market
5.1.1 Key Players – Market Share Comparison
Table 51: Key Players – Market Share Comparison (2018)
5.1.2 Key Players – Revenue Comparison
Table 52: Key Players – Revenue Comparison (2018)
5.1.3 Key Players – Market Cap Comparison
Table 53: Key Players – Market Cap Comparison (2019)
5.1.4 Key Players – Research & Development Expenditure Comparison
Table 54: Key Players – Research & Development Expenditure Comparison (2018)
5.1.5 Key Players – Glass Refractories Market Share Comparison
Table 55: Key Players – Global Glass Refractories Market Share Comparison (2018)
5.2 India Refractories Market
5.2.1 Key Players – Market Share Comparison
Table 56: Key Players – India Refractories Market Share Comparison (2018)
6. Company Profiles
6.1 RHI Magnesita N.V.
6.1.1 Business Overview
6.1.2 Financial Overview
Table 57: RHI Magnesita Revenues and Profit (Loss) (2014-2018)
Table 58: RHI Magnesita Revenues by Segments (2018)
Table 59: RHI Magnesita Revenues by Region (2018)
6.1.3 Business Strategies
6.2 Vesuvius PLC
6.2.1 Business Overview
6.2.2 Financial Overview
Table 60: Vesuvius Revenues and Profit (2014-2018)
Table 61: Vesuvius Revenues by Segment (2018)
Table 62: Vesuvius Revenues by Region (2018)
6.3 IFGL Refractories Ltd.
6.3.1 Business Overview
6.3.2 Financial Overview
Table 63: IFGL Revenues and Profit (2015-2019*)
Table 64: IFGL Revenues by Region (2019*)
6.4 Imerys S.A.
6.4.1 Business Overview
6.4.2 Financial Overview
Table 65: Imerys Revenues and Net Income (2014-2018)
Table 66: Imerys Revenues by Segment (2018)
Table 67: Imerys Revenues by Region (2018)
6.4.3 Business Strategies
6.5 Morgan Advanced Materials PLC
6.5.1 Business Overview
Table 68: Morgan Advanced Materials Segment Description
6.5.2 Financial Overview
Table 69: Morgan Advanced Materials Revenues and Profit (2014-2018)
Table 70: Morgan Advanced Materials Revenues by Segment (2018)
Table 71: Morgan Advanced Materials Revenues by Region (2018)
6.5.3 Business Strategies
6.6 Minerals Technologies Inc.
6.6.1 Business Overview
Table 72: Minerals Technologies Segment Description
6.6.2 Financial Overview
Table 73: Minerals Technologies Net Sales and Net Income (2014-2018)
Table 74: Minerals Technologies Net Sales by Segment (2018)
Table 75: Minerals Technologies Net Sales by Region (2018)
6.6.3 Business Strategies

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