Pune, India -- (SBWire) -- 06/26/2018 --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. The market is further segmented into Alkalinity, Product Type, Form type, End User, Fusion Temperature
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.
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North America Industry Segmentation:
North America refractories market is expected to reach USD 6,226.43 million by 2025 from USD 4,781.99 million in 2017, at a CAGR of 3.5% in the forecast period 2018 to 2025.
Alkalinity: Acidic & neutral refractories market is likely to dominate market with 70.1% shares and is estimated to reach USD 4,431.97 million by 2025. It is growing at the highest CAGR of 3.7% in the forecast period.
Product Type: Bricks market is estimated to dominate market with 52.2% market share and will collect around USD 3,199.39 million by 2025, rising with a CAGR of 3.2%. However, the monolithic market is growing at the highest CAGR of 3.9% and is expected to reach USD million 2,490.04 by 2025 from USD 1,851.60 million in 2017.
Form type: Clay market is estimated to dominate market with 59.2% shares and will collect around USD 3,776.22 million by 2025, rising with the highest CAGR of 3.8%.
End User: Normal refractory (1580-1780°C) market is estimated to dominate market with 46.8%shares and will collect around USD 3,020.49 million by 2025, rising with the highest CAGR of 4.0%.
Europe Industry Segmentation:
Europe refractories market is expected to reach USD 8,993.26 million by 2025 from USD 6,582.62 million in 2017, at a CAGR of 4.1% in the forecast period 2018 to 2025.
Alkalinity: acidic & neutral refractories market is likely to dominate market with 70.9% shares and is estimated to reach USD 6,433.12 million by 2025. It is growing at the highest CAGR of 4.2% in the forecast period.
Product Type: Bricks market is estimated to dominate market with 55.6%market share and will collect around USD 4,908.00 million by 2025, rising with a CAGR of 3.8%. However, the monolithic market is growing with the highest CAGR of 4.6% and is expected to reach USD 3,431.74 million in 2025 from USD 2,415.74 million in 2017.
Form type: Clay market is estimated to dominate market with 61.1% shares and will collect around USD 5,634.92 million by 2025, rising with the highest CAGR of 4.5%.
End User: Normal refractory (1580-1780°C) market is estimated to dominate market with 50.7% shares and will collect around USD 4,704.11 million by 2025, rising with the highest CAGR of 4.5%.
Fusion Temperature: Iron & steel market is estimated to dominate market with 81.2% shares and will collect around USD 7,384.31 million by 2025, rising with the highest CAGR of 4.2%.
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Asia-Pacific Industry Segmentation:
Asia-Pacific refractories market is expected to reach USD 18,539.39 million by 2025 from USD 13,165.24 million in 2017, at a CAGR of 4.5% in the forecast period 2018 to 2025.
By Alkalinity: Acidic & neutral refractories market is likely to dominate market with 71.3% shares and is estimated to reach USD 13,318.38 million by 2025. It is growing at the highest CAGR of 4.6% in the forecast period.
By Product Type: Bricks market is estimated to dominate market with 57.5% market share and will collect around USD 10,523.99 million by 2025, rising with the highest CAGR of 4.3%. However, monolithic market is growing with the highest CAGR of 4.8% and is estimated to reach USD 6,768.07 million by 2025 from USD 4,681.32 million in 2017.
By Form type: Clay market is estimated to dominate market with 61.1% shares and will collect around USD 11,467.77 million by 2025, rising with the highest CAGR of 4.7%.
By End User: Iron & steel market is estimated to dominate market with 81.8% shares and will collect around USD 15,313.31 million by 2025, rising with the highest CAGR of 4.6%.
By Fusion Temperature: Normal refractory (1580-1780°C) market is estimated to dominate market with 53.3% shares and will collect around USD 10,064.95 million by 2025, rising with the highest CAGR of 4.8%.
Russia Industry Segmentation:
Russia refractories market is expected to reach USD 697.07 million by 2025 from USD 552.94 million in 2017, at a CAGR of 3.0% in the forecast period 2018 to 2025.
By Alkalinity: Acidic & neutral refractories market is likely to dominate market with 72.4% shares and is estimated to reach USD 510.08 million by 2025. It is growing at the highest CAGR of 3.2% in the forecast period.
By Product Type: Bricks market is estimated to dominate market with 58.5%market share and will collect around USD 404.19 million by 2025, rising with a CAGR of 2.9%. However, the monolithic market is growing at the highest CAGR of 3.4% and is expected to reach USD 252.03 million by 2025 from 195.19 in 2017.
By Form type: Clay market is estimated to dominate market with 62.4% shares and will collect around USD 439.49 million by 2025, rising with the highest CAGR of 3.2%.
By End User: Iron & steel market is estimated to dominate market with 85.3% shares and will collect around USD 597.73 million by 2025, rising with the highest CAGR of 3.1%.
By Fusion Temperature: Normal refractory (1580-1780°C) market is estimated to dominate market with 54.0% shares and will collect around USD 383.17 million by 2025, rising with the highest CAGR of 3.3%.
Key market players for global refractories market are listed below:
- RHI Magnesita
- Saint Gobain
- Morgan Advanced Materials
- Shinagawa Refractories Co., Ltd.,
- COORSTEK, INC.,
- Refratechnic
- HARBISONWALKER INTERNATIONAL
- IMERYS,
- KROSAKI HARIMA CORPORATION
- IFGL Refractories Ltd.
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Refractories Market Have Made USD 29,518.47 Million in 2017 with Industry Players Like COORSTEK, INC., Refratechnic, HARBISONWALKER, IMERYS and More
Refractories Market Analysis 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