Refractories Market: Industry Insights, Trends And Forecast To 2032

Market Size, Trends and Global Forecast

2023-2032

Refractories Market Definition

Refractories refer to ceramic materials that are resistant to extremely high temperatures and endure physical wear and corrosion produced by chemical agents. Refractories are made from natural and artificial materials, mainly non-metallic or mixtures of compounds and minerals. Since they are more heat resistant than metals, they are used to line the hot surfaces found within many industrial processes, including the manufacturing of petrochemical goods and the refining of gasoline.

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Refractories Market Characteristics:

The global refractories market size grew from $26.55 billion in 2022 to $27.91 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The refractories market size is expected to grow to $31.25 billion in 2027 at a CAGR of 2.9%.

Global Refractories Market Size

Forecast To 2032

26.55

27.91

31.25

2022 2023 2027

Key Market Drivers And Trends

Drivers Trends

Growing demand for iron and steel is driving the refractories market.

Technological advancement is a key trend in the refractory market.

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Refractories Global Market Segments:

The report covers the refractories market’s segments-

By Form

Shaped Refractories, Unshaped Refractories

By Alkalinity

Acidic And Neutral, Basic

By Refractory Mineral

Bauxite, Alumina, Kaolin, Magnesia, Graphite, Zircon

Iron And Steel, Power

Generation, Non-

Ferrous Metals, Cement, Glass

Major companies in the market include

Key Market Players

RHI Magnesita

Shinagawa Refractories

Saint-Gobain

Chosun Refractories

Imerys

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