The report “Refractories Market by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic & Neutral. Basic), End-Use Industry (Iron & Steel, Power Generation, Non-Ferrous Metals, Cement, Glass), and Region – Global Forecast To 2025″, The global refractories market size is expected to grow from USD 23.2 billion in 2020 to USD 27.4 billion by 2025, at a CAGR of 3.4% during the forecast period. Refractories are used across industries, such as Iron & Steel, Power generation, Non-Ferrous metals, Cement and Glass. In the refractories market, iron & steel is the key end-use industry owing to the wide applications of these refractories.
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• 253 Market data Tables
• 20 Figures
• 240 Pages and in-depth TOC on “Refractories Market – Global Forecast to 2025”
Some of the prominent key players are:
· Saint-Gobain (France)
· RHI Magnesita (Austria)
· Corning Incorporated (US)
· Morgan Advanced Materials (UK)
· Shinagawa Refractories (Japan)
Opportunity: Recycling of refractory materials
The used refractory materials, which are further recycled to form secondary raw materials, are known as refractory grogs. There are two types of refractories—high-quality refractories and low-quality refractories. The usage of recycled refractories depends on the quality of the actual refractory; 100% of the high-quality recycled refractories can be used in other processes, but only 0–30% of the recycled refractories can be used which are obtained from low-quality refractories. The need for recycling of refractory products has increased owing to the increase in the cost of raw materials and freight and environmental pressures that have compelled the companies to look for more sustainable alternatives for refractory applications.
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