Radiant Insight Announce Addition of
New Report “Global Refractory Products Market 2015-2019”
Description
Market
outlook of the global refractory products market
Refractories
are construction materials that act as heat-resistant walls, coatings, or
linings to protect units from oxidation, corrosion, erosion, and heat damage.
These materials are widely used in the steel, non-ferrous metals, glass, power,
cement, petrochemicals, and waste incineration industries. As a result, the
refractory products market is expected to multiply and post a CAGR of close to
4% during the forecast period.
As
of 2014, APAC, Europe, and the Americas lead the global refractory materials market,
with APAC contributing the largest market share of over 70%. This growth in the
APAC region is due to high growth in the construction, mining, and
manufacturing industries in developing countries, namely, China, India, and
Indonesia. The growth in the manufacturing and infrastructure industries have
increased the need for iron, steel, and cement production, thus boosting the
demand for heat-resistant refractory materials for their construction purposes.
In 2014, China accounted for almost 60% of the total cement production,
followed by India.
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Segmentation of the refractory products
market by form type
Bricks
and others
Monolithic
Bricks
and other refractory materials dominate the market by form type, accounting for
a market share of close to 59% in 2014. The increasing demand for refractory
materials in downstream manufacturing, involving processing of materials
collected during the upstream stage into a finished product and energy
production industries drive the bricks and other refractories market.
Segmentation
of the refractory products market by material type
Clay
and others
Non-clay
Clay
and other refractory material varieties account for over 61% of the market
share and is expected to retain its leadership throughout the forecast period.
The APAC region holds the largest demand for clay refractories, wherein the
high growth is supported by rapid infrastructure and industrial development,
especially in China and India.
Refractory products market segmentation by
end-user
Iron
and steel
Non-metallic
materials
Other
metals
Others
Iron
and steel is the key end-user industry of refractory products. Refractory
materials are used in air and process gas heaters, reformers, and shaft furnaces
of the iron and steel industry. Also, the steel industry experiences an
increasing demand in future, thereby leading to continuous demand for
refractory materials used in its production process.
Competitive landscape and key vendors
The global refractory material market
is highly competitive with the presence of well-established international as
well as local players. The existence of robust competition coupled with high
price sensitivity of buyers limits the growth of the market. Thus, the market
growth significantly relies on the development of the steel, cement,
automotive, and other metal industries.
The key vendors in this market are -
Calderys
Magnesita
Refratrios
Minteq
International
RHI
Saint-Gobain
Other
prominent vendors included in this report are Chosun Refractories Co. Ltd.,
Krosaki Harima Corp., Minteq International Inc., Morgan Advanced Materials plc,
OCL India Ltd., Orient Abrasives Ltd., Orind Refractories Ltd., Refratechnik
Group, Saint-Gobain SA, and Vesuvius plc.
Key questions answered in the report
include
What
will the market size and the growth rate be in 2019
What
are the key factors driving the global refractory products market
What
are the key market trends impacting the growth of the global refractory
products market
What
are the challenges to market growth
Who
are the key vendors in the global refractory products market
What
are the market opportunities and threats faced by the vendors in the global
refractory products market
What
are the trending factors influencing the market shares of the APAC, Europe, the
Americas, and ROW
What
are the key outcomes of the five forces analysis of the global refractory
products market
Technavio
also offers customization on reports based on specific client requirement
About Us
Radiant
Insights is a market research and consulting company offering syndicated
research studies, customized reports, and consulting services. Our market
research studies are designed to facilitate strategic decision making, on the
basis of extensive and in-depth quantitative information, supported by
extensive analysis and industry insights. Using a patented and robust research
methodology, we publish exhaustive research reports covering a host of
industries such as Technology, Chemicals, Materials, and Energy. Radiant
Insights has a strong base of analysts, consultants and domain experts, with
global experience helping us deliver excellence in all research projects we
undertake
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