Refractory Materials Market For Steel Industry 2024-2028
The refractory materials market for steel industry is forecasted to grow by USD 2369.4 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the refractory materials market for steel industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for steel from construction, infrastructure, automotive, and other sectors, increasing research and development activities by vendors, and increasing capacity developments in steel industry.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.2%
CAGR
4.5%
Incremental Value
$2369.4 mn
Technavio's refractory materials market for steel industry is segmented as below:
By Product
Brick
Monolithic
By Type
Acidic and neutral
Basic
By Geographical Landscape
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the rising popularity of monolithic refractories over shaped refractories as one of the prime reasons driving the refractory materials market for steel industry growth during the next few years. Also, launch of novel products and environment-friendly refractories and increased use of steel in industrial applications will lead to sizable demand in the market.
The report on the refractory materials market for steel industry covers the following areas:
Refractory Materials Market For Steel Industry sizing
Refractory Materials Market For Steel Industry forecast
Refractory Materials Market For Steel Industry industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading refractory materials market for steel industry vendors that include Allied Mineral Products LLC, Chosun Refractories ENG Co. Ltd., Compagnie de Saint-Gobain S.A., HarbisonWalker International Inc., Imerys S.A., Krosaki Harima Corp., Magnezit Group, Minerals Technologies Inc., Morgan Advanced Materials Plc, Puyang Refractories Group Co. Ltd., Refractarios Alfran S.A, Refractory Minerals Co. Inc., Refratechnik Holding GmbH, RHI Magnesita GmbH, Saudi Refractory Industries, Shinagawa Refractories Co. Ltd., Unifrax I LLC, and Vesuvius Plc. Also, the refractory materials market for steel industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Refractory Materials Market For Steel Industry 2018 - 2022
Historic Market Size - Data Table on Global Refractory Materials Market For Steel Industry 2018 - 2022 ($ million)