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

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR43670
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The refractory materials market share for steel industry is expected to increase by 5066.81 thousand tons from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.36%.

This refractory materials market research report for steel industry provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the refractories market segmentation for steel industry by type (brick and monolithic) and geography (APAC, Europe, North America, South America, and MEA). The refractory materials market report for steel industry also offers information on several market vendors, including Compagnie de Saint-Gobain SA, CoorsTek Inc., HarbisonWalker International Inc., Imerys S.A., Krosaki Harima Corp., Magnezit Group, Minerals Technologies Inc., Morgan Advanced Materials Plc, Refratechnik Holding GmbH, and RHI Magnesita GmbH among others.

What will the Refractory Materials Market Size for Steel Industry be During the Forecast Period?

Download the Free Report Sample to Unlock the Refractories Market Size for Steel Industry for the Forecast Period and Other Important Statistics

 

Refractory Materials Market for Steel Industry: Key Drivers and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for steel from the construction, infrastructure, automotive, and other sectors is notably driving the refractories market growth for steel industry, although factors such as fluctuation in the cost of refractory raw materials and high energy consumption may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the refractory materials market for steel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Refractory Materials Market Driver for Steel Industry

One of the key factors driving growth in the refractory materials market for steel industry is the increasing demand for steel from the construction, infrastructure, automotive, and other sectors. The growth of industries, including construction, infrastructure, automotive, and consumer durables, is driving the demand for steel across the world. The growth of the population in MEA, especially in Africa, and the hosting of mega-events in the Middle East, such as the FIFA World Cup 2022 in Qatar and Dubai Expo 2020, led to the surge in demand for infrastructural facilities, including transportation networks. The global automotive industry is also projected to grow at a stable pace. The increase in the production required to match the requirements of the customers will result in enhanced demand for steel. The increasing demand for steel from these sectors would result in the increased demand for refractory materials, which are essential for the production of crude steel. The rising demand for refractory materials to produce crude steel would bolster the growth of the refractory materials market for steel industry.

Key Refractory Materials Market Challenge for Steel Industry

The fluctuation in the cost of refractory raw materials and high energy consumption will be a major challenge for the refractory materials market for steel industry. 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 main refractory raw materials, including magnesite, alumina, bauxite, graphite, and zirconium, are observed to exhibit high volatility because of their fluctuating prices. Most refractory raw materials must undergo more than one energy-intensive firing procedure to accomplish the required results. The amount of energy essential for its manufacturing and the volume of materials used and sent for dumping are significant indicators of sustainability and have a high effect on both manufacturers and consumers.

This refractory materials market for steel industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

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

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Compagnie de Saint-Gobain SA
  • CoorsTek Inc.
  • HarbisonWalker International Inc.
  • Imerys S.A.
  • Krosaki Harima Corp.
  • Magnezit Group
  • Minerals Technologies Inc.
  • Morgan Advanced Materials Plc
  • Refratechnik Holding GmbH
  • RHI Magnesita GmbH

 

This statistical study of the refractory materials market for steel industry encompasses successful business strategies deployed by the key vendors. The refractories market for steel industry is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The refractory materials market for steel industry forecast report offers in-depth insights into 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 Steel Industry?

For more insights on the market share of various regions Request for a FREE sample now!

74% of the market’s growth will originate from APAC during the forecast period. China, India, Japan, and South Korea (Republic of Korea) are the key markets for refractory materials for steel industry in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increased crude steel production will facilitate the refractory materials market growth for steel industry in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

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

To gain further insights on the market contribution of various segments Request for a FREE sample

The refractory materials market share growth for steel industry by the brick segment will be significant during the forecast period. The most familiar shape is the rectangular brick, which is extensively used in the steel industry, especially in furnace-lining applications. For certain applications, such as kilns and furnaces, bricks with special shapes and dimensions are used and are generally hand-molded. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the refractories market size for steel industry and actionable market insights on post COVID-19 impact on each segment.

 

Refractory Materials Market Scope for Steel Industry

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.36%

Market growth 2021-2025

5066.81 th tons

Market structure

Fragmented

YoY growth (%)

3.14

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 74%

Key consumer countries

China, India, Japan, Russian Federation, US, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Compagnie de Saint-Gobain SA, CoorsTek Inc., HarbisonWalker International Inc., Imerys S.A., Krosaki Harima Corp., Magnezit Group, Minerals Technologies Inc., Morgan Advanced Materials Plc, Refratechnik Holding GmbH, and RHI Magnesita GmbH

Market dynamics

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

Request for a FREE sample

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

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

  • Market Overview
  • Overview

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

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

Market Segmentation by Type

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

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Compagnie de Saint-Gobain SA
  • CoorsTek Inc.
  • HarbisonWalker International Inc.
  • Imerys S.A.
  • Krosaki Harima Corp.
  • Magnezit Group
  • Minerals Technologies Inc.
  • Morgan Advanced Materials Plc
  • Refratechnik Holding GmbH
  • RHI Magnesita GmbH

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
Technavio

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
Technavio

TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The refractory materials market for steel industry market growth will increase by $5066.81 thousand tons during 2020-2025.
The refractory materials market for steel industry market is expected to grow at a CAGR of 3.36% during 2020-2025.
Technavio has segmented the refractory materials market for steel industry market by type volume (Brick and Monolithic) ,type (Brick, Monolithic, North America, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
Compagnie de Saint-Gobain SA, CoorsTek Inc., HarbisonWalker International Inc., Imerys S.A., Krosaki Harima Corp., Magnezit Group, Minerals Technologies Inc., Morgan Advanced Materials Plc, Refratechnik Holding GmbH, RHI Magnesita GmbH are a few of the key vendors in the refractory materials market for steel industry market.
APAC will register the highest growth rate of 73.99% among the other regions. Therefore, the refractory materials market for steel industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • India
  • Japan
  • Russian Federation
  • US
  • South Korea (Republic of Korea)
The key factors driving the refractory materials market for steel industry market growth are:
  • Increasing demand for steel from the construction, infrastructure, automotive, and other sectors
The refractory materials market for steel industry market vendors should focus on grabbing business opportunities from the brick segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Materials
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>