The analysts forecast global refractory materials market for steel industry to grow at a CAGR of 3.49% during the period 2018-2022. The latest trend gaining momentum in the market is rising popularity of monolithic refractories over shaped refractories.
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The monolithic refractories, which are distinct mixes or blends of dry granular or cohesive plastic materials with an indefinite form, are expected to observe high popularity over shaped refractories during the forecast period with a high growth rate.
These refractories are likely to witness increased demand for almost every application including the steel industry.
Major key players in the global refractory materials market for steel industry: Calderys, Morgan Advanced Materials and its affiliates, RHI Magnesita, Saint-Gobain, and Vesuvius.
According to the refractory materials market report, one of the major drivers for this market is Increasing demand for steel from the construction, infrastructure, automotive, and other sectors. Steel, being one of the world’s most indispensable resources, plays an important role in various applications ranging from infrastructure, construction, and transportation to the tin-plated steel container that preserves food.
It is a vital tool in the development of an economy. The demand for or consumption (per capita) of steel is considered as an important indicator in the socio-economic development and standard of living of an economy.
Further, the refractory materials market report states that one of the major factors hindering the growth of this market is Fluctuation in the cost of refractory raw materials and high energy consumption. There has been high volatility in the price of refractory raw materials in the last few years.
The cost involved in the production of the raw materials is a determining factor toward the end use of these materials, i.e., the production of refractory materials. The cost of a refractory product involves three main factors, such as the cost of refractory raw materials, production cost, and cost to design and test the product.
Key questions answered in this report:
What will the market size be in 2022 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?
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Few Points from List of Exhibits:
Exhibit 01: Parent Market
Exhibit 02: Global Refractory Market Segmentation by End-User Industries 2016 (% Share)
Exhibit 03: Common Properties For Selecting A Refractory Material
Exhibit 04: Classification of Refractory Materials Based On Chemical Behavior
Exhibit 05: Classification of Refractory Materials Based On Physical Form
Exhibit 06: Value-Added Products of Magnesite
Exhibit 07: Process Description of Dbm
Exhibit 08: Value Chain of Dbm
Exhibit 09: Process Description of Fm
Exhibit 10: Value Chain of Fm
Exhibit 11: Global Steel Production by Manufacturing Process (% Share)
Exhibit 12: Global Crude Steel Production (Million Tons)
Exhibit 13: Global Refractory Materials Market
Exhibit 14: Market Characteristics
Exhibit 15: Market Segments
Exhibit 16: Market Definition - Inclusions and Exclusions Checklist
Exhibit 17: Market Size 2017
Exhibit 18: Validation Techniques Employed For Market Sizing 2017
Exhibit 19: Global Refractory Materials Market For Steel Industry Market Size and Forecast 2017-2022 (Kilotons)
Exhibit 20: Global Refractory Materials Market For Steel Industry Year-Over-Year Growth 2018-2022 (%)