Refractories Market size worth $ 27.02 Billion, Globally, by 2028 at 2.47% CAGR: Verified Market Research®

Some of the major factors that are anticipated to drive the growth of the Refractories Market are the increasing number of infrastructural development in the developing regions.

JERSEY CITY, N.J., Nov. 17, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Refractories Market" By Form (Shaped Refractories, Unshaped Refractories), By End-Use Industry (Iron & Steel, Power Generation, Non-Ferrous Metal, Glass), and By Geography. According to Verified Market Research, the Global Refractories Market size was valued at USD 22.24 Billion in 2020 and is projected to reach USD 27.02 Billion by 2028, growing at a CAGR of 2.47% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=6559

Browse in-depth TOC on "Refractories Market"
202 - Pages
126 – Tables
37 – Figures

Global Refractories Market Overview

The rise in demand for Refractories is owing to its superior properties and increasing infrastructure developments in the developing regions. The growth in industrialization such as in the developing countries India and China contributed to significant market growth. The increasing investments in the construction of commercial and residential buildings are one of the major factors to fuels the growth of the market.

In accordance with the Global Construction Perspective and Oxford Economics, the global construction market will grow by 85% to USD 15.55 trillion worldwide by 2030, with three countries China, India, and the US accounting for 57% of the global growth. In addition, the rise in the constant travel demands for the development of railways and roadways is expected to introduce a lucrative market growth. Furthermore, one of the major applications of the material is in the iron and steel industry that is in the internal lining of the furnace.

Particularly in furnaces for heating steel before further processing steps, in vessels for holding and transporting metal and slag, in the flues or stacks through which hot gases are conducted, and other more applications. These factors are contributing to accelerating market growth. However, the concerns regarding environmental degradation and other regulatory mandates are expected to hamper the market growth.

Key Developments

• In June 2020, Morgan Advanced Materials company acquired Carbo San Luis (Buenos Aires, ARG), to serve the purpose of geographical expansion in Argentina, Chile, and Peru.
• In June 2020, Vesuvius, under its brand Foseco, developed its new product named "KALPUR". It serves the purpose of Direct Pouring Application on an Automatic High-Pressure Green Sand Moulding Line.

Key Players

The major players in the market are Corning Incorporated, Morgan Advanced Materials, Coorstek Incorporated, Harbisonwalker International, Imerys, Chosun Refractories, Rhi Magnesita, Vesuvius, Kurosaki Harima, Shinagawa Refractories, Saint-Gobain.

Verified Market Research has segmented the Global Refractories Market On the basis of Form, End-Use Industry, and Geography.

• Refractories Market, By Form
• Shaped Refractories
• Unshaped Refractories
• Refractories Market, By End-Use Industry
• Iron & Steel
• Power Generation
• Non-Ferrous Metal
• Glass
• Others
• Refractories Market by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Smart Electric Meter Market By Phase (Single Phase, Three Phase), By Communication Technology Type (Power Line Communication, Radio Frequency), By End-User (Residential, Commercial, Industrial), By Geography, Forecast, 2021-2028

Solid Oxide Fuel Cell Market By Application (Combined Heat And Power, Military, Power Generation), By Type (Planar, Tubular), By End User (Telecom Tower, Residential, Data Centers), By Geography, Forecast, 2021-2028

Power Plant Boiler Market By Fuel Type (Coal, Natural gas, Nuclear, Petroleum), By Technology (Ultra-Critical, Supercritical, Subcritical), By Process (Fluidized Bed Combustion and Pulverized Fuel Combustion), By Geography, Forecast, 2021-2028

Powder Metallurgy Market By Material (Ferrous, Non-Ferrous), By Application (Aerospace, Automotive, Electrical and Electronics, Industrial Machinery), By Geography, Forecast, 2021-2028

World's Top 10 Uninterruptible Power Supply Manufacturers saving dollars by saving electrical appliances

Visualize Refractories Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com 
Web: https://www.verifiedmarketresearch.com/ 
Follow Us: LinkedIn | Twitter

Logo:  https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg