Global Refractories Market is expected to reach USD 40,007.33 million by 2025 from USD 29,518.47 million in 2017, at a CAGR of 4.0% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Segmentation:

Global Refractories Market– Industry Trends and Forecast to 2025

· By Alkalinity (Acidic & Neutral Refractories, Basic Refractories),

· By Product Type (Clay, Non-clay),

· Form Type (Monolithic, Bricks, Others),

· By End User (Iron and Steel, Cement and Lime, Non-ferrous, Glass, Energy and Chemicals, Others),

· By Fusion Temperature (Normal Refractory, High Refractory, Super Refractory),

· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Drivers:

The major factors contributing to the growth of the market includes factors such as increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron & steel industry.

INCREASING PREVALENCE FOR NON-METALLIC MINERALS INDUSTRY

· Non-metallic minerals include cement, ceramics, glass, and lime. The end products of non-metallic minerals range from bricks and tiles to glass and tableware. The construction industry is the main user of non-metallic mineral products like cement, concrete, clay products and plaster and also is a prominent customer for lime, glass and ceramic goods (such as sanitary ware and tiles).

· According to United States Geological Survey, it has been estimated that, nonmetallic industrial minerals represent the largest sector of domestic nonfuel minerals industry in terms of both production and their contribution to gross national product.

GROWING INFRASTRUCTURE IN EMERGING COUNTRIES

· In order to expedite economic growth, to respond to demographic and urbanization pressures, and to meet sustainable development goals emerging countries are exhibiting substantial increase in infrastructure investment in the upcoming years. According to World Bank Group, in April, 2017, it has been estimated that infrastructure investment amounts to approximately USD 1.00 trillion per year.

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Major Players:

Some of the major players operating in this market are

· Vesuvias,

· RHI Magnesita,

· Saint Gobain S.A.,

· Morgan Advanced Materials,

· Shinagawa Refractories Co., Ltd.,

· COORSTEK, INC.,

· Refratechnic,

· HARBISONWALKER INTERNATIONAL,

· IMERYS,

· KROSAKI HARIMA CORPORATION,

· Vesuvias,

· IFGL Refractories Ltd.,

· Among others

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