Market Research Reports, Inc. has announced the addition of “Refractory Materials Market for GCC Steel Industry 2017 - 2021” research report to their website www.MarketResearchReports.com

Lewes, DE -- (SBWire) -- 01/16/2018 --Report forecast the refractory materials market for GCC steel industry to grow at a CAGR of 3.23% during the period 2017-2021.

Refractory materials are inorganic, nonmetallic, porous, and heterogeneous materials with high melting points and other properties that make them appropriate to act as heat-resistant barriers between high and low-temperature zones. They are extensively used in constructing high-temperature areas, particularly in furnaces or boilers, as they minimize heat loss through the structure.

The report covers the present scenario and the growth prospects of the refractory materials market for GCC steel industry for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of refractory materials market for GCC steel industry.

The market is divided into the following segments based on geography:
- KSA
- UAE
- Qatar
- Others

According to the report, one of the major drivers for this market is Mounting demand from construction and infrastructure sector. GCC is exhibiting an increased demand for steel, and it is expected to rise during the upcoming years. This rising demand for steel is mainly driven by the developmental activities taking place in the construction and infrastructural sectors. The construction sector boom led by the petrodollars and the diversification of oil-based companies has turned GCC into a favored business spot for many international investors. The consumption of steel has increased significantly by the demand from these sectors. The main factors include expanding construction activities; increasing expenditure in railway, infrastructure, and road projects; and inexpensive and reliable energy supplies.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating cost of refractory materials and high energy consumption. There has been high volatility in the price of refractory materials in the previous few years. The cost of refractory materials is a determining factor of their end uses. The cost of a refractory product involves three main factors: Cost of raw materials, production cost, and cost to design and product testing.

Refractory Materials Market for GCC Steel Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the refractory materials market for GCC steel industry: Calderys, Magnesita Refratários, RHI, Saint-Gobain, and Vesuvius.

Other Prominent Vendors in the market are: Arabian Refractories Factory, Chosun Refractories, HarbisonWalker International, IFGL Refractories, Krosaki Harima, Magnezit Group, Minteq International, Morgan Advanced Materials and its affiliates, OCL India, Puyang Refractories Group, Refractarios ALFRAN, Refratechnik Steel, Rescoproducts, Saudi Refractory Industries, and SHINAGAWA REFRACTORIES.

Market driver
- Mounting demand from construction and infrastructure sector
- For a full, detailed list, view our report

Market challenge
- Fluctuating cost of refractory materials and high energy consumption
- For a full, detailed list, view our report

Market trend
- Rising popularity of monolithic refractories over shaped refractories
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 94 pages "Refractory Materials Market for GCC Steel Industry 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Segmentation By Form Type, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Key Vendor Analysis, Appendix.

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