Refractories Market is forecasted to grow at a CAGR of 5.3% with factors such as increasing consumption of refractories in the glass industry. Refractories market has shown an exceptional penetration in countries such as China, Japan and India. Growing usage of refractories is increasing the penetration in developed countries. In developing countries, increasing shift from consumption of bricks to monolithic is creating opportunity for the Asia-Pacific refractories market.
The increasing usage of these metals in structural applications requiring higher strength, reduced weight and resistance to chemical and atmospheric corrosion is anticipated to act as major growth driver for the Asia-Pacific refractories market over the forecast period of 2020 to 2027. The rising prevalence for non-metallic minerals industry, increasing demand for high-grade refractories from the iron & steel industry, rise in infrastructural growth in emerging countries along with the high demand for non-ferrous metals used for the manufacturing castings for the automotive, aerospace, medical, construction and electrical industries will also flourish the growth of the market. In addition, recycling of refractory materials and consolidation of the market will create ample new opportunities that will boost the growth of the Asia-Pacific refractories market in the above mentioned forecast period. Strict restrictions on the usage of refractories due to the rising environmental concerns will hamper the growth of the market, whereas the overdependence on the iron & steel industry will pose as a biggest challenge towards the Asia-Pacific refractories market in the above mentioned forecast period.
Asia-Pacific Refractories Market By Product Type (Non-Clay, Clay), Alkalinity (Acidic & Neutral Refractories, Basic Refractories), Manufacturing Process (Dry Press Process, Fused Cast, Hand Molded, Formed, Unformed), Fusion Temperature (Normal Refractory (1580-1780 0C), High Refractory (1780-2000 0C), Super Refractory (>2000 0C)), Form (Shaped, Unshaped) End User (Iron and Steel, Cement and Lime, Non-Ferrous Metal, Glass, Energy and Chemicals, Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2027 This Asia-Pacific refractories market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Asia-Pacific refractories market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Asia-Pacific Refractories Market Country Level Analysis:
Asia-Pacific refractories market is analyzed and market size, volume information is provided by country, product type, alkalinity, manufacturing process, fusion temperature, form and end user as referenced above.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. The countries covered in the market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).China dominates the Asia-Pacific refractories market due to the increasing travel demand which requires constant development of railways and roadways in the country along with the rising demand for non-ferrous metals for the manufacturing of castings. Rapid urbanization and industrialization in India has also boosted the Asia-Pacific refractories market growth rate.
Global Asia-Pacific Refractories Market Scope and Market Size:
Asia-Pacific refractories market is segmented on the basis of product type, alkalinity, manufacturing process, fusion temperature, form, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of product type, the Asia-Pacific refractories market is segmented into non-clay and clay. Based on alkalinity, the Asia-Pacific refractories market is segmented into acidic & neutral refractories and basic refractories. On the basis of manufacturing process, the Asia-Pacific refractories market is segmented into dry press process, fused cast, hand molded, formed and unformed. On the basis of manufacturing process, the Asia-Pacific refractories market is segmented into normal refractory (1580-1780 0c), high refractory (1780-2000 0c) and super refractory (>2000 0c).Based on form, the Asia-Pacific refractories market is segmented into shaped and unshaped. The end user segment for Asia-Pacific refractories market includes iron and steel, cement and lime, non-ferrous metal, glass, energy and chemicals, and others.
The major players covered in the Asia-Pacific refractories market report are RHI Magnesita, Krosaki Harima Corporation, Changxing Refractory Inc., Chosun Refractories Co. Ltd., Liaoning Qinghua Refractories Co. Ltd., Puyang Refractories Group Co. Ltd., Ruitai Materials Technology Co., Ltd., Harbison Walker International, IFGL Refractories Ltd., Zhejiang Zili Advanced Materials Co. Ltd., and Shinagawa Refractories Co. Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
MAJOR TOC OF THE REPORT:
Chapter One: Asia-Pacific Refractories Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Asia-Pacific Refractories Market Competition, by Players
Chapter Four: Asia-Pacific Refractories Market Size by Regions
Chapter Five: Asia-Pacific Refractories Market Revenue by Countries
Chapter Six: Asia-Pacific Refractories Market Revenue by Type
Chapter Seven: Asia-Pacific Refractories Market Revenue by Application
Chapter Eight: Asia-Pacific Refractories Market Revenue by Industries
Chapter Nine: Asia-Pacific Refractories Market Revenue by Deployment Model
Chapter Ten: Asia-Pacific Refractories Market Revenue by End User
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