Global Refractories Market Analysis–Trends, Insights and Forecasts (2021-2027)

  • Publish Date
    March 28, 2022
  • No of Pages
  • SKU Code
    GIR 8052
  • Format

Global Refractories market – Overview

  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global Refractories market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Refractories market – Introduction

  • Refractory materials are substances that are resistant to decomposition by chemical attack, heat, and pressure. They can withstand high temperatures that make them suitable for thermal insulation and heat stabilization applications in various end-use industries such as iron & steel, cement manufacturing, glass production, petrochemicals, and others. They are polycrystalline, inorganic, non-metallic, and heterogeneous that makes them capable for manufacturing internal structures of furnaces, kilns, incinerators, reactors, and other high temperature equipment.
  • Rapid infrastructure development and increasing demand from the automotive sector has lead to rise in iron & steel production in both developed and developing economies such as the U.S., China, and India where refractory material are widely used for thermal insulation purposes.

Report Includes

  • The report provides a basic overview of the industry including definitions, classifications and industry chain structure.
  • A brief overview of the commercial potential of products, technologies and applications.
  • Company profiles of leading market participants dealing in products category.
  • Description of properties and manufacturing processes.
  • To analyze and forecast the market size in terms of volume and value
  • Discussion of the current state, setbacks, innovations, and the future needs of the market.
  • Detailed discussion regarding impact of product on demand
  • Up-to-date analyses of market trends and technological improvements in the market
  • Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • Coverage of historical overview, key industrial development and regulatory framework.
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market

Global Refractories market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By  Form
Shaped and Unshaped.
By Material
Clay Refractories and Non-Clay Refractories.
By End-Use
Iron & Steel, Non-Metallic Materials, Non-Ferrous Metals, Power Generation and Others.
Companies covered Allied Minerals Products; Almatis GmbH; Alteo Holding; AluChem, Inc.; CerCo Corporation; Chosun Refractories Co., Ltd.; Calderys Refractories Limited; Compagnie de Saint-Gobain S.A.; CoorsTek, Inc.; Corning Incorporated; Dalmia Bharat Refractory; Harbisonwalker International; IFGL Refractories Ltd.; Imerys S.A.; Krosaki Harima Corporation; Lhoist Group; Lanexis; Qinghua Refractories Co., Ltd.; Magnezit Group; Minteq International Inc.; Morgan Advanced Materials plc; Puyang Refractories Group Co., Ltd.; Refratechnik Holding GmbH; Resco Products, Inc.; RHI Magnesita GmbH; Ruitai Materials Technology Co., Ltd.; Saint Gobain; Shinagawa Refractories Co., Ltd.; Vesuvius plc; Zhejiang Zili Advanced Materials Co., Ltd.and Others.

Segments Covered in Global Refractories market

  • The global Refractories market is divided into different segments on the basis of form, material, end-use and region. The Refractories market segment on the basis of form Shaped and Unshaped. On the basis of material, the Refractories market segment comprises a Clay Refractories and Non-Clay Refractories.
  • The global Refractories market segment by the end-use involves Iron & Steel, Non-Metallic Materials, Non-Ferrous Metals, Power Generation and Others and many other sectors.
  • By end-use, the metals & metallurgy end use segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 4.8% during the forecast period. This is attributed to the increasing demand for iron & steel in automotive, construction infrastructure, industrial, railways, and others where refractory materials are widely used to withstand high temperatures.
  • The global Refractories market segment on the basis of region includes Europe, Asia-Pacific, North America, and other parts of the world.

Covid-19 Impact on the Global Refractories market

  • Industry experts believe that COVID-19 would have a impact on refractories market as there is an increase in demand for refractories in various industries such as cement, iron and glass. Furthermore, they also believe that the market will rebound in Q4 in 2020.
  • The global Refractories market includes major Tier I and II suppliers like as Saint-Gobain (France), RHI Magnesita (Austria), Corning Incorporated (US), Morgan Advanced Materials (UK), and Shinagawa Refractories (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.
  • These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for refractories is expected to decline in 2020.
  • Several countries have temporarily stopped trade of unnecessary products, which has hampered the demand-supply chain of refractory material amid the COVID-19 situation.

Recent Developments in Global Refractories market

  • In June 2020, Morgan Advanced Materials acquired of Carbo San Luis (Buenos Aires, ARG), to suooprt andgrow the network in Argentina, Chile and Peru.
  • In June 2020, Vesuvius, under its brand Foseco, launched its new product—KALPUR. It is a Direct Pouring Application on an Automatic High-Pressure Green Sand Moulding Line, advantages of direct pouring, are improved yield and directional solidifcation can be realised on moulding lines where access to the cope is not possible.

Key Market Players in Global Refractories market

  • The major players in the Global Refractories market are Allied Minerals Products; Almatis GmbH; Alteo Holding; AluChem, Inc.; CerCo Corporation; Chosun Refractories Co., Ltd.; Calderys Refractories Limited; Compagnie de Saint-Gobain S.A.; CoorsTek, Inc.; Corning Incorporated; Dalmia Bharat Refractory; Harbisonwalker International; IFGL Refractories Ltd.; Imerys S.A.; Krosaki Harima Corporation; Lhoist Group; Lanexis; Qinghua Refractories Co., Ltd.; Magnezit Group; Minteq International Inc.; Morgan Advanced Materials plc; Puyang Refractories Group Co., Ltd.; Refratechnik Holding GmbH; Resco Products, Inc.; RHI Magnesita GmbH; Ruitai Materials Technology Co., Ltd.; Saint Gobain; Shinagawa Refractories Co., Ltd.; Vesuvius plc; Zhejiang Zili Advanced Materials Co., Ltd. and Others.
  • The key market players are focusing on strengthening their sales & distribution network in the refractories market. Some of the market players are also focusing on inorganic growth strategies such as strategic acquisitions supported by organic growth strategies such as manufacturing capacity expansions across regions to augment volume sales globally & cater to the local demand as well.
  • Also, the Refractories market 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.

Objectives of the Global Refractories market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Refractories market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Refractories market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Refractories market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.



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Objectives of the study

Global Refractories market definition

Global Refractories market scope

Global Refractories market Stakeholders

Global Refractories market Limitations

Summary of changes


Research data

Secondary data

Primary data

Global Refractories market size estimation

Global Refractories market breakdown & data triangulation

Global Refractories market share analysis

Global Refractories market Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario




Market dynamics

Market drivers

Increase in infrastructural development in emerging countries


Market restraints

Restrictions on the use of refractories due to the growing environmental concerns


Recycling of refractory materials


Overdependence on the iron & steel industry



Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis






Clay Refractories

Non-Clay Refractories


Iron & Steel

Non-Metallic Materials

Non-Ferrous Metals

Power Generation




North America








Rest of Europe

Asia Pacific




Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa



Footprint analysis of the top players in the global Refractories market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario


(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. RHI Magnesita
  2. Krosaki Harima Corporation
  3. Compagnie de Saint-Gobain S.A.
  4. Shinagawa Refractories
  5. Calderys Refractories Limited
  6. Morgan Advanced Materials plc
  7. Minerals Technologies Inc.
  8. Qinghua Refractories
  9. HarbisonWalker International
  10. IFGL Refractories Limited
  11. Chosun Refractories ENG Co., Ltd.
  12. Magnezit Group
  13. Refratechnik Holding GmbH
  14. Carboundum Universal Limited
  15. Sibelco
  16. Vesuvius plc
  17. Others 70+.


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Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?


Metals & metallurgy industry is projected to increase the demand of refractory material market.

Refractories are largely used in the cement applications by the construction industries, power generation and iron & steel end-use industries.

The report includes an analysis of the UK, Germany, Italy, and rest of European countries.

Increase in iron & steel production and escalating demand from glass industry are the other major growth factors in the refractory material market.

Rapid infrastructure development and increase in demand from the automotive sector has increased iron & steel production in both developed and developing economies such as the U.S., China, and India, where refractory materials are widely used for thermal insulation purposes in kilns, furnaces, incinerators, and other high temperature equipment used in steel manufacturing units. Moreover, the growing modern theme-based building & construction sector has led to rise in demand for glass used in manufacturing windowpanes, doors, and other building parts where refractory materials being widely used in kilns and furnaces for thermal insulation purposes in glass manufacturing units.