Refractory materials market size to grow by USD 6.55 billion between 2022 and 2027; APAC to account for 62% of the market growth - Technavio

NEW YORK, May 8, 2023 /PRNewswire/ -- The refractory materials market size is expected to grow by USD 6.55 billion during 2022 and 2027, progressing at a CAGR of 4.84% during the forecast period. APAC will account for 62% of the market growth during the forecast period. The growth of the regional market is driven by factors such as the increasing demand for refractory materials in the region. This is mainly due to the presence of several emerging and developed countries in the region. Several industrial, commercial, and residential projects are under development in countries such as China, Indonesia, South Korea, and India, complementing the demand for steel products such as slabs, plates, rebars, and sheet piles in the region. Such factors will increase the market growth in this region during the forecast period. For more key insights on market size - Request the Sample Report

Refractory materials market: Segmentation Analysis

Technavio has segmented the refractory materials market by product type (clay and others, and non-clay), application (iron and steel, non-metallic materials, non-ferrous metals, and others), type (shaped and monolithic), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The report provides actionable insights and estimates the contribution of all segments to the growth of the global refractory materials market.

• The market growth in the clay and others segment will be significant over the forecast period. Clay refractory materials include fireclay, high-alumina, and mullite ceramics. Fire clay refractory products, being the most common refractory, are used in almost every end-user industry that involves high heat processing operations, including iron and steel, cement, non-ferrous metals, glass, ceramics, petrochemicals, and sugar. As most of these refractory materials are consumed in the iron and steel industry, the demand for these refractories is dependent on the growth of the global iron and steel industry. Such factors will increase segment growth during the forecast period.

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Key factor driving market growth

The increasing production capacity developments in the steel industry is notably driving market growth. Factors such as the new investment plans that are taking place in several parts of the world will increase the production capacity of steel industry. Moreover, with the rising crude steel production capacities globally, the production of steel has also surged in the past few years. Many regions around the world will be exposed to the increased production capacity of steel. In addition, numerous capacity-addition projects are planned in APAC as well. Meanwhile, the economies that constitute the Commonwealth of Independent States (CIS) and the African market are also susceptible to a slight increase in capacity additions. The increasing crude steel production capacities in several regions across the world would certainly result in the growth of the global refractories market.

Leading trends influencing the market

The shift of refractory type from shaped to monolithic is the key trend in the refractory materials market. The monolithic refractories are distinct mixes or blends of dry granular or cohesive plastic materials with an indefinite form. They have benefits over refractory bricks in different kinds of furnaces. Monolithic refractories are vital in the maintenance of furnaces since considerable maintenance can be completed with the least loss of time and, even during operations. They are rapidly replacing conventionally shaped refractories in several applications. These refractories are likely to witness increased demand for almost every application, including in the steel industry, and therefore expected to observe high popularity over shaped refractories during the forecast period, with a high growth rate.

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Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, growth in market share, among others, Buy the Report

What are the key data covered in this gas station equipment market report?

• The refractory materials market size is expected to accelerate at a CAGR of almost 4.84% during the forecast period.
• The refractory materials market is segmented by Application (Iron and steel, Non-metallic materials, Non-ferrous metals, and Others), Type (Shaped and Monolithic), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
• The market is fragmented due to the presence of many established vendors holding significant market share.
• The research report offers information on several market vendors, including Alsey Refractories Co., Carborundum Universal Ltd., Chosun Refractories ENG Co. Ltd., Compagnie de Saint Gobain SA, Corning Inc., HarbisonWalker International Inc., IFGL Refractories Ltd., Imerys S.A., INTOCAST AG, KAEFER SE and Co. KG, Krosaki Harima Corp., Magnezit Group, Minerals Technologies Inc., Morgan Advanced Materials Plc, POSCO, Refratechnik Holding GmbH, RHI Magnesita GmbH, SCR Sibelco NV, Shinagawa Refractories Co. Ltd., and Vesuvius Plc.

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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Table of contents:

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global solder materials market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global solder materials market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End User Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End User Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Wire - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Wire - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Wire - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Wire - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Wire - Year-over-year growth 2022-2027 (%)

• 6.4 Bar - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Bar - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Bar - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Bar - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Bar - Year-over-year growth 2022-2027 (%)

• 6.5 Paste - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Paste - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Paste - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Paste - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Paste - Year-over-year growth 2022-2027 (%)

• 6.6 Flux - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Flux - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Flux - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Flux - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Flux - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ million)
• Exhibit 55: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 56: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 57: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 58: Chart on Comparison by End-user
• Exhibit 59: Data Table on Comparison by End-user

• 7.3 Consumer electronics - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)

• 7.4 Automotive - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 7.5 Industrial - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 7.6 Building - Market size and forecast 2022-2027 
• Exhibit 72: Chart on Building - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Data Table on Building - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Chart on Building - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Building - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 76: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 79: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 80: Market opportunity by End-user ($ million)
• Exhibit 81: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 83: Chart on Market share by geography 2022-2027 (%)
• Exhibit 84: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 85: Chart on Geographic comparison
• Exhibit 86: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 91: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 103: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 111: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 119: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 120: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 121: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 122: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 123: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 124: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 125: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 126: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 127: Market opportunity by geography ($ million)
• Exhibit 128: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 129: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 130: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 131: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 132: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 133: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 134: Matrix on vendor position and classification

• 12.3 Belmont Metals Inc.
• Exhibit 135: Belmont Metals Inc. - Overview
• Exhibit 136: Belmont Metals Inc. - Product / Service
• Exhibit 137: Belmont Metals Inc. - Key offerings

• 12.4 Deoksan Hi Metal
• Exhibit 138: Deoksan Hi Metal - Overview
• Exhibit 139: Deoksan Hi Metal - Product / Service
• Exhibit 140: Deoksan Hi Metal - Key offerings

• 12.5 Element Solutions Inc. 
• Exhibit 141: Element Solutions Inc. - Overview
• Exhibit 142: Element Solutions Inc. - Business segments
• Exhibit 143: Element Solutions Inc. - Key offerings
• Exhibit 144: Element Solutions Inc. - Segment focus

• 12.6 Fusion Inc.
• Exhibit 145: Fusion Inc. - Overview
• Exhibit 146: Fusion Inc. - Product / Service
• Exhibit 147: Fusion Inc. - Key offerings

• 12.7 GENMA Europe GmbH
• Exhibit 148: GENMA Europe GmbH - Overview
• Exhibit 149: GENMA Europe GmbH - Product / Service
• Exhibit 150: GENMA Europe GmbH - Key offerings

• 12.8 Handy and Harman Manufacturing Singapore Pte. Ltd. 
• Exhibit 151: Handy and Harman Manufacturing Singapore Pte. Ltd. - Overview
• Exhibit 152: Handy and Harman Manufacturing Singapore Pte. Ltd. - Product / Service
• Exhibit 153: Handy and Harman Manufacturing Singapore Pte. Ltd. - Key offerings

• 12.9 Harima Chemicals Group Inc. 
• Exhibit 154: Harima Chemicals Group Inc. - Overview
• Exhibit 155: Harima Chemicals Group Inc. - Business segments
• Exhibit 156: Harima Chemicals Group Inc. - Key offerings
• Exhibit 157: Harima Chemicals Group Inc. - Segment focus

• 12.10 Indium Corp.
• Exhibit 158: Indium Corp. - Overview
• Exhibit 159: Indium Corp. - Product / Service
• Exhibit 160: Indium Corp. - Key offerings

• 12.11 INVENTEC PERFORMANCE CHEMICALS SAS 
• Exhibit 161: INVENTEC PERFORMANCE CHEMICALS SAS - Overview
• Exhibit 162: INVENTEC PERFORMANCE CHEMICALS SAS - Product / Service
• Exhibit 163: INVENTEC PERFORMANCE CHEMICALS SAS - Key offerings

• 12.12 KOKI Co. Ltd.
• Exhibit 164: KOKI Co. Ltd. - Overview
• Exhibit 165: KOKI Co. Ltd. - Product / Service
• Exhibit 166: KOKI Co. Ltd. - Key offerings

• 12.13 Qualitek International Inc. 
• Exhibit 167: Qualitek International Inc. - Overview
• Exhibit 168: Qualitek International Inc. - Product / Service
• Exhibit 169: Qualitek International Inc. - Key offerings

• 12.14 Senju Metal Industry Co. Ltd. 
• Exhibit 170: Senju Metal Industry Co. Ltd. - Overview
• Exhibit 171: Senju Metal Industry Co. Ltd. - Product / Service
• Exhibit 172: Senju Metal Industry Co. Ltd. - Key offerings

• 12.15 STANNOL GMBH and Co. KG 
• Exhibit 173: STANNOL GMBH and Co. KG - Overview
• Exhibit 174: STANNOL GMBH and Co. KG - Product / Service
• Exhibit 175: STANNOL GMBH and Co. KG - Key offerings

• 12.16 Tamura Corp.
• Exhibit 176: Tamura Corp. - Overview
• Exhibit 177: Tamura Corp. - Product / Service
• Exhibit 178: Tamura Corp. - Key offerings

• 12.17 Warton Metals Ltd.
• Exhibit 179: Warton Metals Ltd. - Overview
• Exhibit 180: Warton Metals Ltd. - Product / Service
• Exhibit 181: Warton Metals Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 182: Inclusions checklist
• Exhibit 183: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 184: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 185: Research methodology
• Exhibit 186: Validation techniques employed for market sizing
• Exhibit 187: Information sources

• 13.5 List of abbreviations 
• Exhibit 188: List of abbreviations

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SOURCE Technavio