Industrial Refractory Materials Market  Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The industrial refractory materials market is expected to surge with a CAGR of 3.45% to achieve a market size of US$27.593 billion by 2025, from US$22.507 billion in 2019.The market is expected to propel in the forecast period owing to the immense utilization of refractory materials in various end-use industries. The major industries include steel and foundry industry, glass, and cement among others. The growing iron and steel industry is driving the growth of the global industrial refractory materials market in the forecast period. Refractory materials are resistant to heat and are used in providing linings for high-temperature furnace, reactors, and other processing units. The increasing construction activities worldwide along with the growing urbanization is further providing an impetus in fueling the demand for refractory materials driving the market growth. The growing global automotive industry is also contributing to the market growth in the forecast period.
Key Questions Answered By The Report What will be Industrial Refractory Materials Market from 2019 to 2024? How are the major drivers and restraints affecting the Industrial Refractory Materials Market? growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why? A comprehensive analysis of competitive landscape and key market participant’s behavior Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Industrial Refractory Materials Market are : By Composition •Clay-Based •Non-Clay Based
By Industry •Metallurgical •Glassmaking •Ceramics •Others
GEOGRAPHY North America USA Canada Mexico South America Brazil Argentina Others EuropeUK Germany France Others
GEOGRAPHY Middle East and Africa UAE Israel Saudi Arabia Others Asia Pacific Japan China India Australia Others
COMPANY PROFILES RHI Magnesita GmbH Saint-Gobain Shinagawa Refractories Co.,Ltd. Krosaki Harima Corporation HarbisonWalker International CoorsTek Inc. Morgan Advanced Materials plc Refractory Minerals Co., Inc. Allied Mineral Products, LLC
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