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Refractory Materials Market for GCC Steel Industry by Form Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR45682
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The refractory materials market for GCC steel industry has the potential to grow by 37.78 MT during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.41%.

The refractory materials market for GCC steel industry report extensively covers market segmentation by form type (bricks and monolithic) and geography (Saudi Arabia, the UAE, Qatar, and Rest of GCC) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Refractory Materials Market Size for GCC Steel Industry be in 2021?

Refractory-Materials-Market-For-GCC-Steel-Industry-Market-Size-2020-2025

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Refractory Materials Market for GCC Steel Industry: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The mounting demand from the construction and infrastructure sector is notably driving the refractory materials market for GCC steel industry growth, although factors such as fluctuating cost of refractory materials and high energy consumption may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the refractory materials market for GCC steel industry get your FREE report sample now.

This post-pandemic refractory materials market for GCC steel industry report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Refractory Materials Market for GCC Steel Industry Vendors?

The refractory materials market for GCC steel industry forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:

 

  • Chosun Refractories ENG Co. Ltd.
  • Compagnie de Saint-Gobain SA
  • Dalmia Bharat Group
  • Imerys SA
  • Krosaki Harima Corp.
  • Refractarios ALFRAN SA
  • RHI Magnesita GmbH
  • Saudi Refractory Industries
  • Shinagawa Refractories Co. Ltd.
  • Vesuvius Plc

 

The refractory materials market for GCC steel industry analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The refractory materials market for GCC steel industry is fragmented and is expected to provide a favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post-pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

Download a free sample of the refractory materials market for GCC steel industry forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Refractory Materials Market for GCC Steel Industry?

Refractory-Materials-Market-For-GCC-Steel-Industry-Market-Share-by-Region-2020-2025

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The refractory materials market for GCC steel industry size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 62% of the market’s growth will originate from Saudi Arabia during the forecast period. 

The report offers an up-to-date analysis of the geographical composition of the market. Saudi Arabia has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increasing capacity of steel production will facilitate the refractory materials market for GCC steel industry growth in Saudi Arabia over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Form Type Segments in the Refractory Materials Market for GCC Steel Industry?

Refractory-Materials-Market-For-GCC-Steel-Industry-Market-Share-by-Form Type-2020-2025

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The refractory materials market for GCC steel industry share growth by the bricks segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the refractory materials market size for GCC steel industry.

 

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What are the Key Factors Covered in this Refractory Materials Market for GCC Steel Industry Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive refractory materials market growth for GCC steel industry during the next five years
  • Precise estimation of the refractory materials market size for GCC steel industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the refractory materials market for GCC steel industry across Saudi Arabia, UAE, Qatar, and Rest of GCC 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of refractory materials market vendors for GCC steel industry 

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Refractory Materials Market For GCC Steel Industry Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

37.78 MT

Market structure

Fragmented

YoY growth (%)

2.72

Regional analysis

Saudi Arabia, UAE, Qatar, and Rest of GCC

Performing market contribution

Saudi Arabia at 62%

Key consumer countries

Saudi Arabia, UAE, Qatar, and Rest of Middle East

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Chosun Refractories ENG Co. Ltd., Compagnie de Saint-Gobain SA, Dalmia Bharat Group, Imerys SA, Krosaki Harima Corp., Refractarios ALFRAN SA, RHI Magnesita GmbH, Saudi Refractory Industries, Shinagawa Refractories Co. Ltd., and Vesuvius Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five Forces Analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Form Type

  • Market segments
  • Comparison by Form Type
  • Bricks - Market size and forecast 2020-2025
  • Monolithic - Market size and forecast 2020-2025
  • Market opportunity by Form Type

Market Segmentation by Geography

  • Market segments
  • Comparison by Geography
  • Saudi Arabia - Market size and forecast 2020-2025
  • UAE - Market size and forecast 2020-2025
  • Qatar - Market size and forecast 2020-2025
  • Rest of GCC - Market size and forecast 2020-2025
  • Market opportunity by Geography

Customer landscape

  • Overview
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Chosun Refractories ENG Co. Ltd.
  • Compagnie de Saint-Gobain SA
  • Dalmia Bharat Group
  • Imerys SA
  • Krosaki Harima Corp.
  • Refractarios ALFRAN SA
  • RHI Magnesita GmbH
  • Saudi Refractory Industries
  • Shinagawa Refractories Co. Ltd.
  • Vesuvius Plc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The refractory materials market for gcc steel industry market growth will increase by $28.96 MT during 2019-2024.
The refractory materials market for gcc steel industry market is expected to grow at a CAGR of 3.37% during 2019-2024.
Technavio has segmented the refractory materials market for gcc steel industry market by other1 (Bricks and Monolithic) ,other2 (Saudi Arabia, UAE, Qatar, and Others) , and geographic (Saudi Arabia, UAE, Qatar, and Rest of Middle East).
Chosun Refractories ENG Co. Ltd., Compagnie de Saint-Gobain SA, Dalmia Bharat Group, Imerys SA, Krosaki Harima Corp., Refractarios ALFRAN SA, RHI Magnesita GmbH, Saudi Refractory Industries, Shinagawa Refractories Co. Ltd., Vesuvius Plc are a few of the key vendors in the refractory materials market for gcc steel industry market.
Saudi Arabia will register the highest growth rate of 61.60% among the other regions. Therefore, the refractory materials market for gcc steel industry market in Saudi Arabia is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the refractory materials market for gcc steel industry market growth are:
  • Mounting demand from construction and infrastructure sector
The refractory materials market for gcc steel industry market vendors should focus on grabbing business opportunities from the bricks segment as it accounted for the largest market share in the base year.
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