Increasing Demand from High-Temperature Furnaces, Boilers, and Cement Kilns Is Driving the Basic Refractories Market
The global refractories market size is estimated to grow from USD 23.2 billion in 2020 to USD 27.4 billion by 2025, at a CAGR of 3.4% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application in various end use industries of refractories ranging from iron & steel to the glass industry. Increasing demand from APAC will further drive the growth of the global refractories market.
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