Global Refractories Market Analysis –Trends, Insights and Forecasts (2023-2030)

  • Publish Date
    July 16, 2023
  • No of Pages
  • SKU Code
    GIR 8052
  • Format

Report Overview

  • Understand the latest market trends and future growth opportunities for the Refractories industry globally with research from the Global Industry Reports team of in-country analysts – experts by industry and geographic specialization.
  • Key trends are clearly and succinctly summarized alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight, and confident growth projections.
  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Refractories Market” by various segments at a global and regional level for the 2010-2030 period, with 2010-2021 as historical data, 2022 as a base year, 2023 as an estimated year and 2023-2030 as forecast period.


  • In the changed post COVID-19 business landscape, the global market for Refractories estimated at US$25.4 Billion in the year 2022, is projected to reach a revised size of US$34 Billion by 2030, growing at a CAGR of 3.7% over the period 2022-2030.
  • Bricks & Shapes, one of the segments analyzed in the report, is projected to record 3.4% CAGR and reach US$18.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Monolithics & Others segment is readjusted to a revised 4.1% CAGR for the next 8-year period.
  • The Refractories market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.7 Billion by the year 2030 trailing a CAGR of 4.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 1.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Refractories Market 2023


  • Unit SalesAverage Selling PricesMarket Size & Growth Trends
  • COVID-19 Impact and Global Recession Analysis
  • Analysis of US inflation reduction act 2022
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Market Drivers & Limiters
  • Market Forecasts Until 2030, and Historical Data to 2015
  • Recent Mergers & Acquisitions
  • Company Profiles and Product Portfolios
  • Leading Competitors

The Report Includes:

  • The report provides a deep dive into details of the industry including definitions, classifications, and industry chain structure.
  • Analysis of key supply-side and demand trends.
  • Detailed segmentation of international and local products.
  • Historic volume and value sizes, company, and brand market shares.
  • Five-year forecasts of market trends and market growth.
  • Robust and transparent research methodology conducted in-country.
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
  • Provision of market value (USD Billion) data for each segment and sub-segment.
  • Analysis by geography, region, Country, and its states.
  • 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.
  • marketed segments on the basis of type, application, end users, region, and others.
  • Discussion of the current state, setbacks, innovations, and future needs of the market.
  • Examination of the market by application and by product sizes; utility-scale, medium scale and small-scale.
  • Country-specific data and analysis for the United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
  • Coverage of historical overview, key industrial development and regulatory framework.
  • Analysis of competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market.
  • A look at the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders.

Refractories Reports Scope and Segments:

Report Attribute Details
Market size value in 2022 USD 25.4 Billion
Revenue forecast in 2030 USD 34 Billion
Growth Rate CAGR of 3.7% from 2022 to 2030
Base year for estimation 2022
Historical data 2015 – 2021
Forecast period 2022 – 2030
Quantitative units Revenue in USD million and CAGR from 2022 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, trends, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, Overviews.

Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.

Segments covered Product, Type, Material, Technology, Application, Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East and Africa and rest of the world
Country scope United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
Key companies profiled Allied Minerals Products; Almatis GmbH; Alsey Refractories Co.; Alteo Holding; AluChem, Inc.; Aremco Products, Inc.; Beijing Lier High Temperature Materials Co., Ltd.; BNZ Materials, Inc.; Calderys Refractories Limited; Carborundum Universal Ltd.; CerCo Corporation; China Metallurgical Information and Standardization Institute (CMISI); China National BlueStar (Group) Co., Ltd.; Chosun Refractories Co., Ltd.; CoorsTek Inc.; Corning Incorporated; Dalmia Bharat Refractory; Harbisonwalker International (HWI) Inc.; IFGL Refractories Ltd.; Imerys S.A.; Insulcon BV; Intocast Group; IRONWORKS LLC; ITOCHU Corporation; Jinlong Group; Kaefer; Keith Co., Inc.; Krosaki Harima Corporation; Lanexis; Lhoist Group; Lier; LKAB Minerals AB; Magnesita Refratarios S.A.; Magnezit Group; Minerals Technologies Inc; Minteq International Inc.; Morgan Advanced Materials plc; Plibrico Company, LLC; Posco Chemical; Puyang Refractories Group Co., Ltd.; Qinghua Refractories Co., Ltd.; Refratechnik Holding GmbH; Resco Products, Inc.; RHI Magnesita GmbH; RuiTai Technology; Saint-Gobain S.A; Shinagawa Refractories Co. Ltd; Sujia; Vesuvius plc; Zhejiang Zili Advanced Materials Co., Ltd. and others
Customization scope Free report customization (equivalent up to 20 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Report Format PDF, PPT, Excel & Online User Account

Refractories Report Segmented by:

Based On Form Based On Material Based On End-Use Based On Region
Shaped Refractories Clay Refractories

·        High Alumina

·        Fireclay

·        Insulating

Iron & Steel North America
Unshaped Refractories Non-Clay Refractories

·        Magnesite Brick (Dead Burned Magnesia, Fused Magnesia, and Caustic Calcined Magnesia)

·        Zirconia Brick

·        Silica Brick

·        Chromite Brick

·        Other Product Types (Carbides, Silicates)

Non-Metallic Materials Europe
Bricks Non-Ferrous Metals Asia Pacific
Monolithics Power Generation Middle East & Africa
Beams Energy and Chemicals Latin America
Cement Rest Of The World
Paper & pulp
Other End Use Industries

Major Companies Covered in Refractories Market Report:

Allied Minerals Products Kaefer
Almatis GmbH Keith Co., Inc.
Alsey Refractories Co. Krosaki Harima Corporation
Alteo Holding Lanexis
AluChem, Inc. Lhoist Group
Aremco Products, Inc. Lier
Beijing Lier High Temperature Materials Co., Ltd. LKAB Minerals AB
BNZ Materials, Inc. Magnesita Refratarios S.A.
Calderys Refractories Limited Magnezit Group
Carborundum Universal Ltd. Minerals Technologies Inc
CerCo Corporation Minteq International Inc.
China Metallurgical Information and Standardization Institute (CMISI) Morgan Advanced Materials plc
China National BlueStar (Group) Co., Ltd. Plibrico Company, LLC
Chosun Refractories Co., Ltd. Posco Chemical
CoorsTek Inc. Puyang Refractories Group Co., Ltd.
Corning Incorporated Qinghua Refractories Co., Ltd.
Dalmia Bharat Refractory Refratechnik Holding GmbH
Harbisonwalker International (HWI) Inc. Resco Products, Inc.
IFGL Refractories Ltd. RHI Magnesita GmbH
Imerys S.A. RuiTai Technology
Insulcon BV Saint-Gobain S.A
Intocast Group Shinagawa Refractories Co. Ltd
ITOCHU Corporation Vesuvius plc
Jinlong Group Zhejiang Zili Advanced Materials Co., Ltd.

After Sales Support

  • Every updated edition of the report and full data stack will be provided at no extra cost for 24 months.
  • Latest 2022 base year report.
  • Free Updated edition of 2023 every quarter without any hidden cost.
  • No user limitation for the report. Unlimited access within the organization.
  • Unrestricted post-sales support at no additional cost
  • Free report customization (equivalent up to 10 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
  • Global Industry Reports will support your post-purchase for a period of 24 months to answer any of your queries related to the following market and to provide you any more data needed, for your analysis.
  • Option to purchase regional or some selected Chapters from the report.

Key questions that are answered in this report

  • How big is the Refractories market?
  • What is the Refractories market growth?
  • Which segment accounted for the largest Refractories market share?
  • Who are the key players in the Refractories market?
  • What are the factors driving the Refractories market?


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+.


  • Discussion guide
  • Available customizations
  • Related reports


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 ?