NEW YORK, Oct. 11, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
US demand to increase 8% annually through 2014
US demand for refractory products is projected to increase 8.0 percent annually to $3.0 billion in 2014. Gains in demand will be driven by recovery in US crude steel production, which plummeted significantly between 2004 and 2009, and in the production of nonmetallic mineral products such as glass and cement. Growth will also be supported by improvements in refractory technologies themselves, which promote the use of more technically sophisticated, better performing and higher priced products. These trends, which bolster demand in value terms, will cause volume growth to lag somewhat.
US increasingly becoming a net importer
During the historical period, the US has run both trade surpluses and trade deficits in refractories. In 2009, US refractory producers were forced to aggressively seek overseas markets for their products to combat recessionary demand levels domestically, accounting for a net trade surplus amounting to five percent of shipments by value. However, longer term trends indicate the US is increasingly becoming a net importer as supplies and sources for refractory products and minerals shift offshore and as the sophistication of imported foreign refractory products increases.
Nonclay refractory growth to outpace clay refractories
Of the two broad categories of refractory materials, nonclay refractories will account for 68 percent of demand by value in 2014. These materials are becoming the products of choice among refractory end users. A wide assortment of nonclay refractory formulations have been developed that are cost-effective in specific and general applications. Consequently, gains in nonclay refractory demand will be faster than for clay refractories. Nonetheless, clay refractories are still basic and viable commodities, important in many industrial processes requiring elevated temperatures. Their relatively low cost and performance help them maintain a significant market presence.
Bricks, shapes to remain dominant refractory form
Although all product forms are expected to benefit by recovery in major US refractory consuming markets, bricks and shapes will remain the dominant product form, expected to account for 56 percent of total demand by value in 2014. This product form is particularly bolstered by increases in demand for precast refractory product shapes, but it also offers users performance advantages and reduced heat-up time. Monolithics are expected to be the fastest growing product form as they offer end users the economic advantage of extending the time span between full refractory brick relinings.
Metals markets to dominate growth, market share
Metals markets, as they recover from extremely low levels of output in 2009, will dominate growth in US refractory demand. Through 2014, growth in refractory demand by value in these markets will average nearly 12 percent annually and account for 57 percent of refractories demand by value and 56 percent by volume. The manufacture of nonmetallic materials such as cement, glass and ceramics will remain the second largest end use market and account for 15 percent of refractory demand by value and 13 percent by tonnage.
Study coverage
These and other findings are contained in Refractories, presents historical demand data for the years 1999, 2004 and 2009, plus forecasts for 2014 and 2019 by refractory form, material and end-use market. The study also considers market environment factors, evaluates company market share data and profiles 26 competitors in the US industry. Copyright 2010 The Freedonia Group, Inc.
TABLE OF CONTENTS
INTRODUCTION viii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Trends 5
Capital Spending/Fixed Investment Trends 9
Manufacturing Sector Outlook 12
Durable Goods 15
Nondurable Goods 15
Refractory Technology 16
Basic Refractory Properties 18
Refractory Shapes & Forms 20
Refractory Materials 21
Other Technological Developments 23
Pricing Trends 23
Historical Market Trends 26
International Environment 29
World Supply & Demand 30
Trends in US Foreign Trade 33
Imports 35
Exports 38
III. FORMS 42
General 42
Refractory Supply & Demand by Value 43
Refractory Supply & Demand by Volume 45
Refractory Bricks & Shapes 48
Standard Bricks 50
Preformed Shapes 53
Monolithic Refractories 56
Castables 59
Gunning Mixes 61
Plastics & Ramming Mixes 63
Bonding & Other Mortars 65
Other Refractory Forms 67
IV. MATERIALS 70
General 70
Refractory Supply & Demand by Value 71
Refractory Supply & Demand by Volume 73
Nonclay Refractory Products 76
Magnesite & Chrome 80
Zircon & Zirconia 83
Extra-High-Alumina 86
Silicon Carbide 88
Ceramic Fibers 91
Graphite & Carbon 94
Silica 96
Mullite 99
Dolomite & Other Nonclay Refractories 101
Clay Refractory Products 104
High-Alumina 108
Fireclay 109
Insulating 112
V. MARKETS 115
General 115
Metals Industries 118
Outlook 119
Iron & Steel 121
Nonferrous Metals 122
Metal Casting & Fabrication 123
Refractory Market 124
Iron & Steel 126
Nonferrous Metals 131
Metal Casting & Fabrication 134
Nonmetallic Mineral Processing Industries 136
Outlook 137
Refractory Market 138
Ceramics 139
Glass 141
Cement, Lime & Other Mineral Processing 144
Engineering Contractors 147
Nonmanufacturing Refractory Market 148
Petroleum & Chemicals 150
Other Manufacturing Industries 152
VI. INDUSTRY STRUCTURE 155
General 155
Industry Composition & Restructuring 156
Market Share 160
Leading Refractory Producers 161
Significant Raw Material Suppliers 164
Product Development & Manufacturing 165
Marketing & Distribution 169
Mergers & Acquisitions 171
Company Profiles 173
Alcoa Incorporated 174
Allied Mineral Products Incorporated 175
Almatis GmbH 177
AluChem Incorporated 180
American Precast Refractories, see
Allied Mineral Products
ANH Refractories Company 181
Asbury Carbons Incorporated 186
BNZ Materials Incorporated 187
CALDERYS, see Imerys
C-E Minerals, see Imerys
CerCo LLC 189
Cookson Group plc 191
Corning Incorporated 194
Harbison-Walker Refractories, see ANH Refractories
Imerys SA 196
Kerneos, see Materis Holding Luxembourg
Kyanite Mining Corporation 201
Lhoist SA 203
LWB Refractories, see Magnesita
Magneco/Metrel Incorporated 204
Magnesita SA 206
Materis Holding Luxembourg SA 208
McDanel Advanced Ceramic Technologies LLC 210
Minerals Technologies Incorporated 211
Minteq International, see Minerals Technologies
Morgan Crucible Company plc 214
Morganite Crucible, see Morgan Crucible
North American Refractories, see ANH Refractories
Plibrico Company LLC 219
Resco Products Incorporated 221
RHI AG 224
Rio Tinto Group 227
Saint-Gobain 229
Thermal Ceramics, see Morgan Crucible
Timcal America, see Imerys
Treibacher Schleifmittel North America, see Imerys
TYK Corporation 233
Unifrax I LLC 234
United Refractories, see Resco Products
Vesuvius Group, see Cookson Group
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Nonresidential Fixed Investment 12
3 Manufacturers' Shipments 14
4 Selected Refractory Pricing 25
5 Refractory Market, 1999-2009 28
6 World Refractory Demand by Region 33
7 US Foreign Trade in Refractories 35
8 US Refractory Imports by Source 37
9 US Refractory Exports by Destination 40
SECTION III – FORMS
1 Refractory Supply & Demand by Form in Value Terms 44
2 Refractory Supply & Demand by Form in Volume Terms 47
3 Refractory Brick & Shape Supply & Demand 50
4 Standard Brick Refractory Shipments 53
5 Preformed Shape Refractory Shipments 56
6 Monolithic Refractory Supply & Demand 59
7 Castable Refractory Shipments 61
8 Gunning Mix Refractory Shipments 63
9 Plastics & Ramming Mix Refractory Shipments 65
10 Bonding & Other Mortar Refractory Shipments 67
11 Other Refractory Form Supply & Demand 69
SECTION IV – MATERIALS
1 Refractory Supply & Demand by Material in Value Terms 72
2 Refractory Supply & Demand by Material in Volume Terms 75
3 Nonclay Refractory Supply & Demand 78
4 Magnesite & Chrome Refractory Shipments 83
5 Zircon & Zirconia Refractory Shipments 86
6 Extra-High-Alumina Refractory Shipments 88
7 Silicon Carbide Refractory Shipments 90
8 Ceramic Fiber Refractory Shipments 94
9 Graphite & Carbon Refractory Shipments 96
10 Silica Refractory Shipments 98
11 Mullite Refractory Shipments 101
12 Dolomite & Other Nonclay Refractory Shipments 104
13 Clay Refractory Supply & Demand 106
14 High-Alumina Clay Refractory Products 109
15 Fireclay Refractory Shipments 112
16 Insulating Clay Refractory Products 114
SECTION V – MARKETS
1 Refractory Demand by Market 117
2 Metals Industry Indicators 120
3 Metals Industry Refractory Market 126
4 Iron & Steel Production Refractory Market 127
5 Nonferrous Metal Production Refractory Market 134
6 Metal Casting & Fabrication Refractory Market 136
7 Nonmetallic Mineral Product Shipments 138
8 Nonmetallic Mineral Product Refractory Market 139
9 Ceramic Refractory Market 141
10 Glass Refractory Market 144
11 Cement, Lime & Other Mineral Processing Refractory Market 146
12 Engineering Contractor Refractory Market 148
13 Nonmanufacturing Refractory Market 150
14 Petroleum & Chemical Refractory Market 152
15 Other Manufacturing Industries Refractory Market 154
SECTION VI -- INDUSTRY STRUCTURE
1 Revenue Data: Selected Refractory & Raw Materials Manufacturers, 2009 159
2 Capital Spending Patterns: Selected Refractory Manufacturers 169
3 Selected Acquisitions & Divestitures 172
LIST OF CHARTS
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
1 Melting Points of Industrial Materials & Refractories 19
2 Selected Refractory Pricing, 1999-2019 26
3 Refractory Market, 2000-2009 29
4 US Refractory Imports by Source, 2009 38
5 US Refractory Exports by Destination, 2009 41
SECTION III -- FORMS
1 Refractory Demand by Form in Value Terms, 1999-2019 45
2 Refractory Demand by Form in Volume Terms, 1999-2019 48
SECTION IV -- MATERIALS
1 Refractory Demand by Material in Value Terms, 1999-2019 73
2 Refractory Demand by Material in Volume Terms, 1999-2019 76
3 Nonclay Refractory Shipments by Material, 2009: Value vs. Volume 79
4 Clay Refractory Shipments by Material, 2009: Value vs. Volume 107
SECTION V -- MARKETS
1 Refractory Demand by Market, 2009 118
SECTION VI -- INDUSTRY STRUCTURE
1 US Refractory Market Share by Company, 2009 161
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