Global Refractory Products Market 2015-2019: Market Is Expected to Multiply and Post a CAGR of Close to 4% During the Forecast Period

MarketResearchReports.Biz announces the addition of a new report to its vast repository of research studies. The report is titled “ Global Refractory Products Market 2015-2019”.

Logo

Albany, NY -- (SBWire) -- 12/11/2015 --Refractories are construction materials that act as heat-resistant walls, coatings, or linings to protect units from oxidation, corrosion, erosion, and heat damage. These materials are widely used in the steel, non-ferrous metals, glass, power, cement, petrochemicals, and waste incineration industries. As a result, the refractory products market is expected to multiply and post a CAGR of close to 4% during the forecast period.

As of 2014, APAC, Europe, and the Americas lead the global refractory materials market, with APAC contributing the largest market share of over 70%. This growth in the APAC region is due to high growth in the construction, mining, and manufacturing industries in developing countries, namely, China, India, and Indonesia. The growth in the manufacturing and infrastructure industries have increased the need for iron, steel, and cement production, thus boosting the demand for heat-resistant refractory materials for their construction purposes. In 2014, China accounted for almost 60% of the total cement production, followed by India.

Download Sample Copy of this Report at http://www.marketresearchreports.biz/sample/sample/477001

Segmentation of the refractory products market by form type

Bricks and others
Monolithic
Bricks and other refractory materials dominate the market by form type, accounting for a market share of close to 59% in 2014. The increasing demand for refractory materials in downstream manufacturing, involving processing of materials collected during the upstream stage into a finished product and energy production industries drive the bricks and other refractories market.

Segmentation of the refractory products market by material type

Clay and others
Non-clay
Clay and other refractory material varieties account for over 61% of the market share and is expected to retain its leadership throughout the forecast period. The APAC region holds the largest demand for clay refractories, wherein the high growth is supported by rapid infrastructure and industrial development, especially in China and India.

Refractory products market segmentation by end-user

Iron and steel
Non-metallic materials
Other metals
Others
Iron and steel is the key end-user industry of refractory products. Refractory materials are used in air and process gas heaters, reformers, and shaft furnaces of the iron and steel industry. Also, the steel industry experiences an increasing demand in future, thereby leading to continuous demand for refractory materials used in its production process.

Competitive landscape and key vendors

The global refractory material market is highly competitive with the presence of well-established international as well as local players. The existence of robust competition coupled with high price sensitivity of buyers limits the growth of the market. Thus, the market growth significantly relies on the development of the steel, cement, automotive, and other metal industries.

The key vendors in this market are -

Calderys
Magnesita Refratrios
Minteq International
RHI
Saint-Gobain
Other prominent vendors included in this report are Chosun Refractories Co. Ltd., Krosaki Harima Corp., Minteq International Inc., Morgan Advanced Materials plc, OCL India Ltd., Orient Abrasives Ltd., Orind Refractories Ltd., Refratechnik Group, Saint-Gobain SA, and Vesuvius plc.

Key questions answered in the report include

What will the market size and the growth rate be in 2019
What are the key factors driving the global refractory products market
What are the key market trends impacting the growth of the global refractory products market
What are the challenges to market growth
Who are the key vendors in the global refractory products market
What are the market opportunities and threats faced by the vendors in the global refractory products market
What are the trending factors influencing the market shares of the APAC, Europe, the Americas, and ROW
What are the key outcomes of the five forces analysis of the global refractory products market

Related reports

United States Refractory Material Industry 2015
Global Welding Equipment Market 2015-2019
Global Thermal Spray Industry 2014

About MarketResearchReports.Biz
MarketResearchReports.biz is the most comprehensive collection of market research reports, supporting clients' market intelligence needs with over 100,000 market research reports, company profiles, data books, and regional market profiles in its repository. We also offer consulting support for custom market research needs.

Our document database is updated by the hour, which means that our customers always have access to fresh data spanning over 300 industries. From Fortune 500 companies to SMEs, MarketResearchReports.biz has built a veritable reputation for fulfilling the most exacting market research needs.

Contacts

MarketResearchReports.biz
Nachiket Ghumare, +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
sales@marketresearchreports.biz
http://www.marketresearchreports.biz

Media Relations Contact

Pramode Dige
Business Head
MarketResearchReports
1-518-621-2074
http://www.marketresearchreports.biz/

View this press release online at: http://rwire.com/648831