Global refractories market by alkalinity, form, manufacturing process and end-user industry

The global refractories market size was estimated at USD 24,22 billion in 2022, USD 25,69 billion in 2023, growing at a CAGR of 6,17 % to reach USD 39,13 billion by 2030. The cumulative impact of COVID-19, the Russia-Ukraine conflict, and high inflation is expected to have significant long-term effects on the global refractories market.

The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading.

Additionally, the report addresses the impact of high inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

This research report categorizes the global refractories market in order to forecast the revenues and analyze trends in each of following sub-markets:

• Based on the alkalinity, the market is studied across acidic and neutral refractories as well as basic refractories. The acidic and neutral refractories bub-market is further studied across alumina refractories, carbon refractories, chromite refractories, fireclay refractories, silica refractories, and zirconia refractories. The basic refractories sub-market is further studied across dolomite refractories and magnesite refractories. The basic refractories sub-market is projected to witness significant market share during forecast period.
• Based on the form, the market is studied across shaped refractories and unshaped refractories. The shaped refractories sub-market is projected to witness significant market share during forecast period.
• Based on the manufacturing process, the market is studied across the dry press process, formed, fused cast, hand molded, and unformed. The formed sub-market is projected to witness significant market share during forecast period.
• Based on the end-use industry, the market is studied across cement, glass, iron and steel, non-ferrous metal, as well as power generation. The iron and steel sub-market is projected to witness significant market share during forecast period.
• Based on the region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East and Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and USA. USA is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East and Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and Great Britain. The Americas commanded largest market share of 38,75 % in 2022, followed by Europe, Middle East and Africa.