Refractories Market by Material (Alumina, Fireclays, Bauxite), by Chemical Composition (Acid, Basic, Neutral), by Application (Boilers, Furnaces), by End-Use (Steel & Metal, Energy), and by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2017 to 2024

Refractories Market: Summary

The Global Refractories Market is estimated to reach USD 37.3 Billion by 2024 at a CAGR of 4.3 %.

Refractories are the material that possess ability to withstand extremely high temperature i.e. around 3000°C without degrading. The refractory materials encompass of ceramics, minerals, and some super alloys which are used in modern manufacturing. These materials have higher capacity to resist heat than that of metals and thus can be used in various industrial application. Apart from high resistance to thermal stress, these materials have high capability to withstand the physical wear and corrosion caused by chemical agents. Owing to high ability to withstand high temperature condition, it is widely used in furnaces, ovens, kilns, and jet and rocket engines.

Refractories Market


Refractories Market: Drivers & Restraints

Market Drivers:

  • Growing Demand from the Manufacturing Sector

The refractories play vital role in manufacturing sector, especially for production of glass, cement, and mineral processing, lime, etc. which can be further used for multiple application. The market growth is fueled by rising demand for temperature resistant, stiff, durable, cost effective materials to cater the booming manufacturing sector. The growing demand for various automotive vehicle, industrial equipment, cement, metals to carry out different purpose in anticipated to boost the market in the following years.

  • Soaring Demand for Metals and Cement

Cement industry and metal especially steel industry operates in close proximity in order to minimize the production cost and imports of the respective country. The growth of the refractories market is projected to grow at a substantial pace owing to soaring demand for metals and cement. According to World Steel Association, demand for steel worldwide is anticipated to grow by 1.7% in 2020.  The rising construction spending, increasing demand for residential apartments owing to ongoing urbanization is projected to gain promising market growth in the years to follow.

Market Restraints:

  • Strict Environmental Regulation

Stringent environmental regulation imposed on emission of Hazardous Air Pollution (HAP) is projected to hinder the growth of this market. For instance, U.S Environment Protection Agency (EPA) has imposed regulation to meet the HAP emission standards on the refractory products manufacturing in order to minimize the air pollution and promote public health. Some of hazardous air pollutant emitted through refractories includes ethylene glycol, formaldehyde, hydrogen fluoride, methanol, phenol, and polycyclic organic matter among others.

Refractories Market: Key Segments

  • Key Segments by Material: Alumina, Fireclays, Bauxite, Chromite, Dolomite, Magnesite, Silicon Carbide and Zirconia
  • Key Segments by Chemical Composition: Acid Refractories, Basic Refractories and Neutral Refractories
  • Key Segments by Application: Boilers, Furnaces, Kilns, Ovens and Others
  • Key Segments by End Use: Steel and Metal Industry, Energy Industry, Chemical Industry, Glass Industry, Cement Industry, Petrochemical Industry, Waste Management and Others
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Refractories Market: Report Scope

The report on the Refractories market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million) Volume (Million Metric Tons)

Segments Included

Material, Chemical Composition, Application, End-Use

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa and South America

Key Companies Covered

  • RHI Magnesita N.V. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • HarbisonWalker International
  • Morgan Advanced Materials PLC
  • Magnesita Refratários S.A
  • Compagnie de Saint-Gobain S.A.
  • Vesuvius plc
  • Shinagawa Refractories Co., Ltd.
  • Imerys S.A
  • Corning Incorporated
  • Coorstek Incorporated
  • Other Key Companies

Refractories Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Refractories Market, by Material

  • Alumina
  • Fireclays
  • Bauxite
  • Chromite
  • Dolomite
  • Magnesite
  • Silicon Carbide
  • Zirconia

Refractories Market, by Chemical Composition

  • Acid Refractories
  • Basic Refractories
  • Neutral Refractories

Refractories Market, by Application

  • Boilers
  • Furnaces
  • Kilns
  • Ovens
  • Others

Refractories Market, by End-Use

  • Steel and Metal Industry         
  • Energy Industry
  • Chemical Industry
  • Glass Industry
  • Cement Industry
  • Petrochemical Industry
  • Waste Management
  • Others

Refractories Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key global players operating in the market?
  • How are the major players leveraging in the existing global market conditions?

Report Audience

  • Refractories Market Providers
  • Refractories Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Refractories Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms



1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations


2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation



4.1       Introduction

4.2       Drivers

                                 4.2.1.    Growing Demand from the Manufacturing Sector

                                 4.2.2.    Soaring Demand for Metals and Cement

4.3       Restraints

                                 4.3.1.    Strict Environmental Regulation

4.4       Opportunities

                                 4.4.1.    Increasing Adoption of Digitization, Artificial Intelligence, And Automation in Refractories

4.5       Challenges

                                  4.5.1    Fluctuation in Trading of Raw Material


5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      REFRACTORIES MARKET BY MATERIAL, Market Size in USD Million and Million Metric Tons (2017—2024)

6.1       Introduction

6.2       Alumina

6.3       Fireclays

6.4       Bauxite

6.5       Chromite

6.6       Dolomite

6.7       Magnesite

6.8       Silicon Carbide

6.9       Zirconia

7      REFRACTORIES MARKET BY CHEMICAL COMPOSITION, Market Size in USD Million and Million Metric Tons (2017—2024)

7.1       Introduction

7.2       Acid Refractories

7.3       Basic Refractories

7.4       Neutral Refractories

8      REFRACTORIES MARKET BY APPLICATION, Market Size in USD Million and Million Metric Tons (2017—2024)

8.1       Introduction

8.2       Boilers

8.3       Furnaces

8.4       Kilns

8.5       Ovens

8.6       Others

9      REFRACTORIES MARKET BY END-USE, Market Size in USD Million and Million Metric Tons (2017—2024)

9.1       Introduction

9.2       Steel and Metal Industry         

9.3       Energy Industry

9.4       Chemical Industry

9.5       Glass Industry

9.6       Cement Industry

9.7       Petrochemical Industry

9.8       Waste Management

9.9       Others (Pulp and Paper)

10   REFRACTORIES MARKET BY REGION, Market Size in USD Million (2017—2024)

10.1     North America

                                 8.1.1.    US

                                 8.1.2.    Canada

                                 8.1.3.    Mexico

10.2     Europe

                                 8.2.1.    Germany

                                 8.2.2.    France

                                 8.2.3.    Italy

                                 8.2.4.    UK

                                 8.2.5.    Spain

                                 8.2.6.    The Netherlands

                                 8.2.7.    Rest of Europe

10.3     Asia-Pacific

                                 8.3.1.    China

                                 8.3.2.    Japan

                                 8.3.3.    India

                                 8.3.4.    South Korea

                                 8.3.5.    Taiwan

                                 8.3.6.    Rest of Asia-Pacific

10.4     Middle East & Africa

                                 8.4.1.    Saudi Arabia

                                 8.4.2.    UAE

                                 8.4.3.    Rest of Middle East

10.5     South America

                                 8.5.1.    Brazil

                                 8.5.2.    Argentina

                                 8.5.3.    Rest of South America


11.1     Introduction

11.2     Market Ranking/Share Analysis of Key Companies

11.3     Company Benchmarking


12.1     RHI Magnesita N.V.

                                12.1.1    Company Overview

                                12.1.2    Financial Overview

                                12.1.3    Products/Solutions/Services Offered

                                12.1.4    Key Developments

                                12.1.5    SWOT Analysis

12.2     HarbisonWalker International

12.3     Morgan Advanced Materials PLC

12.4     Magnesita Refratários S.A

12.5     Compagnie de Saint-Gobain S.A.

12.6     Vesuvius plc

12.7     Shinagawa Refractories Co., Ltd.

12.8     Imerys S.A

12.9     Corning Incorporated

12.10  Coorstek Incorporated

12.11  Other Key Companies


13.1     Key Industry Expert Insights

13.2     Primary Discussion Guide

13.3     Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain



Rep Id : CM 031

Published : January, 2020

Related Reports


Ready To Make a Real Change?