耐火物市場 : 2029年までの世界予測

Refractories Market - Global Forecast to 2029

耐火物市場 : 形態(定形耐火物、不定形耐火物)、アルカリ度(酸性&中性、塩基性)、最終用途産業(鉄鋼、非鉄金属、セメント、発電、ガラス)、地域別 - 2029年までの世界予測
Refractories Market by Form (Shaped Refractories, Unshaped Refractories), Alkalinity (Acidic & Neutral. Basic), End-Use Industry (Iron & Steel, Non-Ferrous Metals, Cement, Power Generation, Glass), and Region - Global Forecast to 2029
出版MarketsandMarkets
出版年月2024年6月
ページ数283
図表数378
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global refractories market size is projected to grow from USD 34.3 billion in 2024 to USD 42.4 billion by 2029, at a CAGR of 4.4% during the forecast period.

世界の耐火物市場規模は、予測期間中のCAGR 4.4%で、2024年の343億米ドルから2029年までに424億米ドルに成長すると予測されています。

耐火物市場 : 2029年までの世界予測

The refractories market is experiencing steady growth driven by increasing industrialization, particularly in emerging economies, and rising demand from key sectors such as steel, cement, and glass production. As infrastructure development projects surge globally, there is a growing need for refractory materials to withstand high temperatures and harsh conditions in industrial processes. Moreover, advancements in technology and manufacturing processes are enabling the development of innovative refractory solutions that offer enhanced performance and durability. Additionally, the growing focus on sustainability and environmental regulations is driving demand for eco-friendly refractories and recycling initiatives.

“By Alkalinity, Acidic & Neutral to account for major market share.”
The dominance of the Acidic & Neutral refractories segment in the market is underpinned by several key factors. Comprising materials like silica (SiO2) and alumina (Al2O3), Acidic & Neutral refractories exhibit exceptional resistance to both acidic and basic slags, rendering them highly versatile for a range of industrial applications. Industries such as glassmaking, ceramics, and cement manufacturing rely heavily on these refractories due to their ability to withstand harsh chemical environments while maintaining reliable performance under high temperatures. Acidic & Neutral refractories offer broader applicability and versatility, thereby solidifying their dominance in the market across both unshaped and shaped refractories segments.

耐火物市場 : 2029年までの世界予測 ecosystem

“By Form, Shaped refractories segment to account for major market share.”
Shaped refractories hold a dominant market position owing to their adaptability and suitability across various industrial settings. These prefabricated refractory products, encompassing bricks, tiles, and specialized shapes, offer robust structural integrity and precise fitting, making them an ideal choice for lining furnaces, kilns, and equipment with standardized configurations. Renowned for their ease of installation, consistent performance, and resilience in high-temperature conditions, shaped refractories impeccably meet the stringent demands of industries such as steelmaking, glass production, and cement manufacturing. Despite the flexibility and convenience offered by unshaped refractories in irregularly shaped areas, shaped refractories remain favoured for their reliability, mechanical robustness, and superior thermal insulation attributes, thereby sustaining their dominance within the refractories market.

“By End Use Industry, Iron & Steel segment to account for the highest market share during the forecast period.”
The dominance of the Iron & Steel segment in the refractories market, comprising around 60-70% of total demand, is attributed to several key factors. Firstly, the iron and steel industry’s extensive reliance on refractory materials across various critical processes, such as blast furnaces, converters, and ladles, drives substantial demand. These refractories play a fundamental role in withstanding extreme temperatures and corrosive environments inherent to steel production, ensuring operational efficiency and product quality. Additionally, the sheer scale of operations within the iron and steel sector, coupled with its continuous pursuit of technological advancements and process optimization, further amplifies the demand for high-performance refractory solutions.

“By region, Asia Pacific refractories market to dominate the market during the forecast period.”
In 2023, Asia Pacific asserted dominance in the refractories market due to robust industrial activities, particularly in steel, cement, and glass production, coupled with extensive infrastructure development initiatives across the region. Additionally, favourable government policies, investments in advanced manufacturing technologies, and a skilled workforce further propelled the growth of the refractories sector in Asia Pacific, solidifying its position as the leading market player.

耐火物市場 : 2029年までの世界予測 region
By Company: Tier1: 40%, Tier 2: 25%, Tier3: 4: 35%
By Designation: C-Level: 35%, Director Level: 30%, Others: 35%
By Region: North America: 25%, Europe: 20%, Asia Pacific: 45%, South America: 5%, and Middle East & Africa: 5%.

Companies Covered:
RHI Magnesita (Austria), Vesuvius (UK), Krosaki Harima Corporation (Japan), Imerys (France), Shinagawa Refractories Co., Ltd. (Japan), Saint-Gobain (France), and Calderys (France), and others are covered in the refractories market.

Research Coverage
The market study covers the refractories market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on alkalinity, form, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the refractories market.

Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall refractories market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Increasing demand for high-temperature-resistant materials in steel, cement, and glass industries), restraints (Volatility in raw material prices affecting production costs and pricing strategies), opportunities (Growing focus on sustainability driving demand for recycled refractories), and challenges (Monopoly of certain countries in the supply of critical raw materials) influencing the growth of the refractories market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the refractories market
• Market Development: Comprehensive information about lucrative markets – the report analyses the refractories market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the refractories market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like RHI Magnesita (Austria), Vesuvius (UK), Krosaki Harima Corporation (Japan), Imerys (France), Shinagawa Refractories Co., Ltd. (Japan), Saint-Gobain (France), and Calderys (France), among others in the refractories market. The report also helps stakeholders understand the pulse of the refractories market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            26

1.1         STUDY OBJECTIVES      26

1.2         MARKET DEFINITION   26

1.3         STUDY SCOPE  27

FIGURE 1           REFRACTORIES MARKET SEGMENTATION        27

1.3.1      YEARS CONSIDERED     27

1.3.2      REGIONS COVERED      28

1.4         INCLUSIONS AND EXCLUSIONS 28

1.5         CURRENCY CONSIDERED          29

1.6         LIMITATIONS   29

1.7         UNITS CONSIDERED     29

1.8         STAKEHOLDERS            30

1.9         SUMMARY OF CHANGES            30

2            RESEARCH METHODOLOGY     31

2.1         RESEARCH DATA           31

FIGURE 2           REFRACTORIES MARKET: RESEARCH DESIGN   31

2.1.1      SECONDARY DATA       32

2.1.1.1   Key data from secondary sources     32

2.1.2      PRIMARY DATA 32

2.1.2.1   Key data from primary sources         33

2.1.2.2   Key industry insights          34

2.1.2.3   Breakdown of primary interviews     34

2.2         MARKET SIZE ESTIMATION       35

FIGURE 3           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       35

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       36

2.3         DATA TRIANGULATION             37

FIGURE 5           REFRACTORIES MARKET: DATA TRIANGULATION         37

2.4         FACTOR ANALYSIS        38

2.5         IMPACT OF RECESSION 38

2.6         RESEARCH ASSUMPTIONS         39

2.7         LIMITATIONS   39

2.8         RISK ASSESSMENT         40

3            EXECUTIVE SUMMARY 41

FIGURE 6           IRON & STEEL INDUSTRY TO DOMINATE REFRACTORIES MARKET DURING FORECAST PERIOD   42

FIGURE 7           SHAPED REFRACTORIES TO DOMINATE OVERALL MARKET DURING FORECAST PERIOD     42

FIGURE 8           ACIDIC & NEUTRAL SEGMENT TO WITNESS HIGHER GROWTH DURING FORECAST PERIOD     43

FIGURE 9           ASIA PACIFIC TO BE LARGEST REFRACTORIES MARKET DURING FORECAST PERIOD     44

4            PREMIUM INSIGHTS      45

4.1         ASIA PACIFIC TO WITNESS HIGH GROWTH IN REFRACTORIES MARKET              45

FIGURE 10         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN REFRACTORIES MARKET           45

4.2         ASIA PACIFIC: REFRACTORIES MARKET, BY FORM AND ALKALINITY              45

FIGURE 11         SHAPED REFRACTORIES ACCOUNTED FOR LARGER MARKET SHARE IN 2023  45

4.3         ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY AND REGION             46

FIGURE 12         IRON & STEEL SEGMENT DOMINATED REFRACTORIES MARKET IN 2023             46

4.4         REFRACTORIES MARKET, BY COUNTRY 47

FIGURE 13         CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD              47

5            MARKET OVERVIEW     48

5.1         INTRODUCTION            48

5.2         MARKET DYNAMICS     48

FIGURE 14         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN REFRACTORIES MARKET      48

5.2.1      DRIVERS            49

5.2.1.1   Investments in infrastructure sector 49

FIGURE 15         INDUSTRY (INCLUDING CONSTRUCTION), VALUE ADDED (ANNUAL % GROWTH) 49

5.2.1.2   Increasing industrialization 50

TABLE 1             ANNUAL PERCENTAGE INCREASE IN INDUSTRIAL PRODUCTION (INCLUDES MANUFACTURING, MINING, AND CONSTRUCTION)              50

5.2.1.3   High growth of non-metallic minerals industry             51

5.2.1.4   Growing demand for high-grade refractories from iron & steel industry   51

FIGURE 16         WORLD CRUDE STEEL PRODUCTION, 2013−2021 (MILLION TONS)  52

5.2.2      RESTRAINTS     52

5.2.2.1   Restrictions on use of refractories due to growing environmental concerns              52

5.2.2.2   China’s monopoly on raw material supply      52

5.2.3      OPPORTUNITIES           53

5.2.3.1   Recycling of refractory materials      53

5.2.4      CHALLENGES   53

5.2.4.1   Raw material price fluctuations        53

5.2.4.2   Overdependence on iron & steel industry       53

5.3         TRENDS & DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS  54

FIGURE 17         REVENUE SHIFT FOR MANUFACTURERS IN REFRACTORIES MARKET            55

5.4         PRICING ANALYSIS        55

FIGURE 18         AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES      55

TABLE 2             AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES (USD/KG), 2023     56

FIGURE 19         AVERAGE SELLING PRICE TREND, BY REGION (USD/KG)              56

TABLE 3             AVERAGE SELLING PRICE TREND, BY REGION (USD/KG)              56

5.5         VALUE CHAIN ANALYSIS            57

FIGURE 20         REFRACTORIES MARKET: VALUE CHAIN ANALYSIS        57

5.6         ECOSYSTEM ANALYSIS 58

FIGURE 21         REFRACTORIES MARKET: ECOSYSTEM MAPPING           58

TABLE 4             REFRACTORIES MARKET: ROLE IN ECOSYSTEM 59

5.7         TECHNOLOGY ANALYSIS           60

5.7.1      KEY TECHNOLOGIES    60

5.7.2      COMPLEMENTARY TECHNOLOGIES     61

5.7.3      ADJACENT TECHNOLOGIES      61

5.8         PATENT ANALYSIS        61

5.8.1      INTRODUCTION            61

5.8.2      METHODOLOGY           62

FIGURE 22         TOP PATENT OWNERS IN REFRACTORIES MARKET (2014–2023)              62

TABLE 5             LIST OF MAJOR PATENTS FOR REFRACTORIES 63

5.9         TRADE ANALYSIS          66

FIGURE 23         EXPORT SCENARIO: HS CODE 6902 – REFRACTORY BRICKS, BLOCKS, TILES AND SIMILAR REFRACTORY CERAMIC CONSTRUCTIONAL GOODS (EXCL. THOSE OF SILICEOUS FOSSIL MEALS OR SIMILAR SILICEOUS EARTHS)           66

FIGURE 24         IMPORT SCENARIO: HS CODE 6902 – REFRACTORY BRICKS, BLOCKS, TILES AND SIMILAR REFRACTORY CERAMIC CONSTRUCTIONAL GOODS (EXCL. THOSE OF SILICEOUS FOSSIL MEALS OR SIMILAR SILICEOUS EARTHS)           67

FIGURE 25         EXPORT SCENARIO: HS CODE 3816 – REFRACTORY CEMENTS, MORTARS, CONCRETES, AND SIMILAR COMPOSITIONS (EXCLUDING PREPARATIONS BASED ON GRAPHITE OR OTHER CARBONACEOUS SUBSTANCES)  68

FIGURE 26         IMPORT SCENARIO: HS CODE 3816 – REFRACTORY CEMENTS, MORTARS, CONCRETES, AND SIMILAR COMPOSITIONS (EXCLUDING PREPARATIONS BASED ON GRAPHITE OR OTHER CARBONACEOUS SUBSTANCES)  68

5.10       KEY CONFERENCES AND EVENTS          69

TABLE 6             REFRACTORIES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024-2025         69

5.11       TARIFF AND REGULATORY LANDSCAPE            70

5.11.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          70

TABLE 7             NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         71

TABLE 8             EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         71

5.11.2    AVERAGE TARIFF RATES            71

TABLE 9             TARIFF RELATED TO PRODUCT: 6902 – REFRACTORY BRICKS, BLOCKS, TILES AND SIMILAR REFRACTORY CERAMIC CONSTRUCTIONAL GOODS (EXCL. THOSE OF SILICEOUS FOSSIL MEALS OR SIMILAR SILICEOUS EARTHS)           71

5.11.3    REGULATIONS IN REFRACTORIES MARKET       72

5.11.3.1 ISO standards for refractories          72

TABLE 10           SPECIFICATIONS RELATED TO REFRACTORY PRODUCTS              72

5.11.3.2 ASTM STANDARDS FOR REFRACTORIES             73

TABLE 11           ASTM SPECIFICATIONS RELATED TO REFRACTORY PRODUCTS       73

5.12       PORTER’S FIVE FORCES ANALYSIS         74

FIGURE 27         PORTER’S FIVE FORCES ANALYSIS: REFRACTORIES MARKET              74

TABLE 12           REFRACTORIES MARKET: PORTER’S FIVE FORCES ANALYSIS              74

5.12.1    THREAT OF NEW ENTRANTS    75

5.12.2    BARGAINING POWER OF SUPPLIERS     75

5.12.3    THREAT OF SUBSTITUTES         75

5.12.4    BARGAINING POWER OF BUYERS           76

5.12.5    INTENSITY OF COMPETITIVE RIVALRY 76

5.13       KEY STAKEHOLDERS AND BUYING CRITERIA    77

5.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         77

FIGURE 28         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 77

TABLE 13           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP-THREE END-USE INDUSTRIES        77

5.13.2    BUYING CRITERIA         78

FIGURE 29         KEY BUYING CRITERIA FOR REFRACTORIES IN KEY END-USE INDUSTRIES      78

TABLE 14           KEY BUYING CRITERIA FOR REFRACTORIES IN TOP THREE END-USE INDUSTRIES  78

5.14       CASE STUDY ANALYSIS 79

5.14.1    CASE STUDY 1: IMPROVEMENT OF FURNACE LINING USED       79

5.14.2    CASE STUDY 2: SUPPLY OF RE-DESIGNED AND IMPROVED EAF FLOOR BRICK   79

5.14.3    CASE STUDY 3: REDESIGN AND SUPPLY OF REFRACTORIES FOR KILN ROASTING STIBNITE (ANTIMONY SULPHIDE)  80

5.15       INVESTMENT AND FUNDING SCENARIO            80

FIGURE 30         INVESTMENT AND FUNDING SCENARIO            80

5.16       MACROECONOMIC INDICATORS           81

5.16.1    INTRODUCTION            81

5.16.2    GDP TRENDS AND FORECASTS 81

TABLE 15           WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)        81

6            REFRACTORIES MARKET, BY FORM       82

6.1         INTRODUCTION            83

FIGURE 31         SHAPED REFRACTORIES TO DOMINATE MARKET BETWEEN 2024 AND 2029  83

TABLE 16           REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)              83

TABLE 17           REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)              83

TABLE 18           REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)              84

TABLE 19           REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)              84

6.2         SHAPED REFRACTORIES            84

6.2.1      INCREASING DEMAND FROM BOILERS, NUCLEAR REACTORS, AND CEMENT KILNS TO DRIVE DEMAND      84

6.3         UNSHAPED REFRACTORIES      85

6.3.1      OFFERS EASE-OF-USE AND BETTER VOLUME STABILITY           85

7            REFRACTORIES MARKET, BY ALKALINITY          86

7.1         INTRODUCTION            87

FIGURE 32         ACIDIC & NEUTRAL REFRACTORIES TO DOMINATE MARKET BETWEEN 2024 AND 2029           87

TABLE 20           REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)          87

TABLE 21           REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)       88

TABLE 22           REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          88

TABLE 23           REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       88

7.2         ACIDIC & NEUTRAL       89

7.2.1      INCREASING DEMAND FROM STEEL, NON-FERROUS METALS, AND CEMENT INDUSTRIES TO DRIVE DEMAND        89

7.2.2      SILICA REFRACTORIES 89

7.2.3      FIRECLAY REFRACTORIES         89

7.2.4      ALUMINA REFRACTORIES         89

7.2.5      ZIRCONIA REFRACTORIES         90

7.2.6      CHROMITE REFRACTORIES       90

7.2.7      CARBON REFRACTORIES           90

7.3         BASIC REFRACTORIES  91

7.3.1      HIGH USAGE IN HIGH-TEMPERATURE FURNACES, BOILERS, AND CEMENT KILNS TO DRIVE MARKET       91

7.3.2      MAGNESITE REFRACTORIES     91

7.3.3      DOLOMITE REFRACTORIES      91

8            REFRACTORIES MARKET, BY END-USE INDUSTRY          92

8.1         INTRODUCTION            93

FIGURE 33         IRON & STEEL INDUSTRY TO BE LARGEST END USER OF REFRACTORIES DURING FORECAST PERIOD     93

TABLE 24           REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 94

TABLE 25           REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)       94

TABLE 26           REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 94

TABLE 27           REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       95

8.2         IRON & STEEL  95

8.2.1      DEMAND FROM MAJOR STEEL-MAKING COUNTRIES TO DRIVE MARKET            95

8.3         NON-FERROUS METAL 95

8.3.1      RISING DEMAND IN AUTOMOTIVE AND AVIATION INDUSTRIES TO DRIVE DEMAND             95

8.4         CEMENT            96

8.4.1      INFRASTRUCTURAL DEVELOPMENTS IN EMERGING ECONOMIES TO FUEL DEMAND 96

8.5         POWER GENERATION   96

8.5.1      DEMAND FOR REFRACTORIES FROM POWER GENERATION INDUSTRY WITNESSING SLOW GROWTH   96

8.6         GLASS  97

8.6.1      GROWING RESIDENTIAL AND COMMERCIAL CONSTRUCTION IN EMERGING ECONOMIES TO SUPPORT MARKET GROWTH         97

8.7         OTHER END-USE INDUSTRIES  98

8.7.1      GROWING CHEMICAL AND AEROSPACE INDUSTRIES TO DRIVE DEMAND FOR REFRACTORIES  98

9            REFRACTORIES MARKET, BY MANUFACTURING PROCESS         99

9.1         INTRODUCTION            99

9.2         DRY PRESS PROCESS     99

9.3         FUSED CAST     99

9.4         HAND MOLDING           99

9.5         FORMED AND UNFORMED        99

10          REFRACTORIES MARKET, BY PRODUCT              100

10.1       INTRODUCTION            100

10.2       CASTABLES & MORTAR 100

10.2.1    REFRACTORY CASTABLES         100

10.2.2    REFRACTORY MORTAR 100

10.3       CERAMIC FIBERS & FIREBRICKS 101

10.3.1    REFRACTORY CERAMIC FIBERS (RCF)   101

10.3.2    FIRE BRICK        101

10.4       GRAPHITE BLOCKS       101

10.5       INSULATION FIRE BRICKS          101

11          REFRACTORIES MARKET, BY REGION    102

11.1       INTRODUCTION            103

FIGURE 34         CHINA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD              103

FIGURE 35         ASIA PACIFIC TO DOMINATE REFRACTORIES MARKET DURING FORECAST PERIOD     104

TABLE 28           REFRACTORIES MARKET, BY REGION, 2022–2029 (USD MILLION)          104

TABLE 29           REFRACTORIES MARKET, BY REGION, 2022–2029 (KILOTON)              104

11.2       ASIA PACIFIC    105

11.2.1    IMPACT OF RECESSION 105

FIGURE 36         ASIA PACIFIC: REFRACTORIES MARKET SNAPSHOT       106

TABLE 30           ASIA PACIFIC: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)     106

TABLE 31           ASIA PACIFIC: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)             107

TABLE 32           ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION) 107

TABLE 33           ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)       107

TABLE 34           ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION) 107

TABLE 35           ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       108

TABLE 36           ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)     108

TABLE 37           ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)             108

TABLE 38           ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)     108

TABLE 39           ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)             108

TABLE 40           ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)   109

TABLE 41           ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)          109

TABLE 42           ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   109

TABLE 43           ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          110

11.2.2    CHINA  110

11.2.2.1 Increasing demand for iron and steel in construction sector to drive market              110

TABLE 44           CHINA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          110

TABLE 45           CHINA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       111

TABLE 46           CHINA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 111

TABLE 47           CHINA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       111

TABLE 48           CHINA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          111

TABLE 49           CHINA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   112

11.2.3    JAPAN  112

11.2.3.1 High demand from automotive industry to drive market            112

TABLE 50           JAPAN: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          112

TABLE 51           JAPAN: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       113

TABLE 52           JAPAN: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 113

TABLE 53           JAPAN: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       113

TABLE 54           JAPAN: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          113

TABLE 55           JAPAN: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   114

11.2.4    INDIA   114

11.2.4.1 Growth of iron & steel, glass, and power generation sectors to drive demand              114

TABLE 56           INDIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          114

TABLE 57           INDIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       115

TABLE 58           INDIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 115

TABLE 59           INDIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       115

TABLE 60           INDIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)     115

TABLE 61           INDIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             116

11.2.5    SOUTH KOREA 116

11.2.5.1 Electronic & home entertainment industries fueling demand for glass      116

TABLE 62           SOUTH KOREA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION) 116

TABLE 63           SOUTH KOREA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       116

TABLE 64           SOUTH KOREA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          117

TABLE 65           SOUTH KOREA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)   117

TABLE 66           SOUTH KOREA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   117

TABLE 67           SOUTH KOREA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          118

11.2.6    AUSTRALIA       118

11.2.6.1 High demand for iron and steel in construction sector to support market growth              118

TABLE 68           AUSTRALIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION) 118

TABLE 69           AUSTRALIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       119

TABLE 70           AUSTRALIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)     119

TABLE 71           AUSTRALIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)             119

TABLE 72           AUSTRALIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          119

TABLE 73           AUSTRALIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   120

11.2.7    REST OF ASIA PACIFIC  120

TABLE 74           REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          120

TABLE 75           REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)   120

TABLE 76           REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 121

TABLE 77           REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       121

TABLE 78           REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   121

TABLE 79           REST OF ASIA PACIFIC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          122

11.3       EUROPE             122

11.3.1    IMPACT OF RECESSION 122

FIGURE 37         EUROPE: REFRACTORIES MARKET SNAPSHOT  123

TABLE 80           EUROPE: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 123

TABLE 81           EUROPE: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)       124

TABLE 82           EUROPE: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)          124

TABLE 83           EUROPE: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)       124

TABLE 84           EUROPE: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          124

TABLE 85           EUROPE: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       125

TABLE 86           EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION) 125

TABLE 87           EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)       125

TABLE 88           EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 125

TABLE 89           EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       125

TABLE 90           EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)          126

TABLE 91           EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)   126

TABLE 92           EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          126

TABLE 93           EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   127

11.3.2    RUSSIA 127

11.3.2.1 Infrastructural development and growing urbanization to support market growth              127

TABLE 94           RUSSIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          127

TABLE 95           RUSSIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       128

TABLE 96           RUSSIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 128

TABLE 97           RUSSIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       128

TABLE 98           RUSSIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          128

TABLE 99           RUSSIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   129

11.3.3    GERMANY         129

11.3.3.1 Growth of construction industry boosting demand for refractories           129

TABLE 100         GERMANY: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          129

TABLE 101         GERMANY: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       130

TABLE 102         GERMANY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)     130

TABLE 103         GERMANY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)             130

TABLE 104         GERMANY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          130

TABLE 105         GERMANY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   131

11.3.4    ITALY   131

11.3.4.1 Growth in iron & steel sector to drive refractories market          131

TABLE 106         ITALY: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          131

TABLE 107         ITALY: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       131

TABLE 108         ITALY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 132

TABLE 109         ITALY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       132

TABLE 110         ITALY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)     132

TABLE 111         ITALY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             133

11.3.5    FRANCE             133

11.3.5.1 Non-ferrous metal sector to be fastest-growing end-use industry             133

TABLE 112         FRANCE: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          133

TABLE 113         FRANCE: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       133

TABLE 114         FRANCE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 134

TABLE 115         FRANCE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       134

TABLE 116         FRANCE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          134

TABLE 117         FRANCE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   135

11.3.6    SPAIN   135

11.3.6.1 Increased export of iron & steel boosting demand for refractories            135

TABLE 118         SPAIN: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          135

TABLE 119         SPAIN: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       135

TABLE 120         SPAIN: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 136

TABLE 121         SPAIN: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       136

TABLE 122         SPAIN: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)     136

TABLE 123         SPAIN: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             137

11.3.7    UK         137

11.3.7.1 Rising demand from glass and iron & steel industries to drive market       137

TABLE 124         UK: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          137

TABLE 125         UK: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)              137

TABLE 126         UK: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          138

TABLE 127         UK: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       138

TABLE 128         UK: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)     138

TABLE 129         UK: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             139

11.3.8    REST OF EUROPE           139

TABLE 130         REST OF EUROPE: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)     139

TABLE 131         REST OF EUROPE: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)             139

TABLE 132         REST OF EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          140

TABLE 133         REST OF EUROPE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)   140

TABLE 134         REST OF EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   140

TABLE 135         REST OF EUROPE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          141

11.4       NORTH AMERICA          141

11.4.1    IMPACT OF RECESSION 141

TABLE 136         NORTH AMERICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          141

TABLE 137         NORTH AMERICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)   142

TABLE 138         NORTH AMERICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)     142

TABLE 139         NORTH AMERICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)             142

TABLE 140         NORTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)     142

TABLE 141         NORTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)             143

TABLE 142         NORTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)          143

TABLE 143         NORTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)   143

TABLE 144         NORTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          143

TABLE 145         NORTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)   144

TABLE 146         NORTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)   144

TABLE 147         NORTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)          144

TABLE 148         NORTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   145

TABLE 149         NORTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          145

11.4.2    US         145

11.4.2.1 Increased demand for iron and steel boosting market growth     145

TABLE 150         US: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          146

TABLE 151         US: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)              146

TABLE 152         US: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          146

TABLE 153         US: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       146

TABLE 154         US: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)     147

TABLE 155         US: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             147

11.4.3    CANADA            147

11.4.3.1 Construction industry boosting demand for refractories             147

TABLE 156         CANADA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          147

TABLE 157         CANADA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       148

TABLE 158         CANADA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 148

TABLE 159         CANADA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       148

TABLE 160         CANADA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          148

TABLE 161         CANADA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   149

11.4.4    MEXICO             149

11.4.4.1 Increased demand for automobiles fueling market growth          149

TABLE 162         MEXICO: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          149

TABLE 163         MEXICO: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       149

TABLE 164         MEXICO: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 150

TABLE 165         MEXICO: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       150

TABLE 166         MEXICO: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          150

TABLE 167         MEXICO: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   151

11.5       MIDDLE EAST & AFRICA             151

11.5.1    RECESSION IMPACT      151

TABLE 168         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)    152

TABLE 169         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)           152

TABLE 170         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)          152

TABLE 171         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)   153

TABLE 172         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          153

TABLE 173         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)   153

TABLE 174         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION) 153

TABLE 175         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)       154

TABLE 176         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 154

TABLE 177         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       154

TABLE 178         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)         154

TABLE 179         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)  155

TABLE 180         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)         155

TABLE 181         MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)  155

11.5.2    GCC COUNTRIES           156

TABLE 182         GCC COUNTRIES: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)     156

TABLE 183         GCC COUNTRIES: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)             156

TABLE 184         GCC COUNTRIES: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          156

TABLE 185         GCC COUNTRIES: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)   156

TABLE 186         GCC COUNTRIES: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   157

TABLE 187         GCC COUNTRIES: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          157

11.5.2.1 SAUDI ARABIA  157

11.5.2.1.1            Government initiatives to boost economic growth to drive demand for refractories          157

TABLE 188         SAUDI ARABIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION) 158

TABLE 189         SAUDI ARABIA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       158

TABLE 190         SAUDI ARABIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          158

TABLE 191         SAUDI ARABIA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)   158

TABLE 192         SAUDI ARABIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   159

TABLE 193         SAUDI ARABIA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          159

11.5.2.2 UAE      159

11.5.2.2.1            Government’s investments and recovery in construction industry to drive demand 159

TABLE 194         UAE: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          160

TABLE 195         UAE: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)              160

TABLE 196         UAE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          160

TABLE 197         UAE: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       160

TABLE 198         UAE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)     161

TABLE 199         UAE: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)             161

11.5.2.3 Rest of GCC        161

TABLE 200         REST OF GCC: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION) 161

TABLE 201         REST OF GCC: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       162

TABLE 202         REST OF GCC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)     162

TABLE 203         REST OF GCC: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)             162

TABLE 204         REST OF GCC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   162

TABLE 205         REST OF GCC: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          163

11.5.3    TURKEY             163

11.5.3.1 Increasing constructional activities to augment demand for refractories   163

TABLE 206         TURKEY: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          163

TABLE 207         TURKEY: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       164

TABLE 208         TURKEY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 164

TABLE 209         TURKEY: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       164

TABLE 210         TURKEY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          164

TABLE 211         TURKEY: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   165

11.5.4    SOUTH AFRICA 165

11.5.4.1 Growth of construction sector to support market growth            165

TABLE 212         SOUTH AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION) 165

TABLE 213         SOUTH AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       166

TABLE 214         SOUTH AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          166

TABLE 215         SOUTH AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)   166

TABLE 216         SOUTH AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   166

TABLE 217         SOUTH AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          167

11.5.5    REST OF MIDDLE EAST & AFRICA           167

TABLE 218         REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)           167

TABLE 219         REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)     167

TABLE 220         REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 168

TABLE 221         REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       168

TABLE 222         REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 168

TABLE 223         REST OF MIDDLE EAST & AFRICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)       169

11.6       SOUTH AMERICA           169

11.6.1    SOUTH AMERICA: RECESSION IMPACT 169

TABLE 224         SOUTH AMERICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          170

TABLE 225         SOUTH AMERICA: REFRACTORIES MARKET, BY COUNTRY, 2022–2029 (KILOTON)   170

TABLE 226         SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (USD MILLION)     170

TABLE 227         SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2018–2021 (KILOTON)             170

TABLE 228         SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)     171

TABLE 229         SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)             171

TABLE 230         SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (USD MILLION)          171

TABLE 231         SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2018–2021 (KILOTON)   171

TABLE 232         SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)          171

TABLE 233         SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)   172

TABLE 234         SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)   172

TABLE 235         SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2018–2021 (KILOTON)          172

TABLE 236         SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)   173

TABLE 237         SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)          173

11.6.2    BRAZIL 173

11.6.2.1 Brazil to dominate refractories market in South America            173

TABLE 238         BRAZIL: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          174

TABLE 239         BRAZIL: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       174

TABLE 240         BRAZIL: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 174

TABLE 241         BRAZIL: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       174

TABLE 242         BRAZIL: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          175

TABLE 243         BRAZIL: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   175

11.6.3    ARGENTINA      175

11.6.3.1 Increased demand from construction sector to support refractories market              175

TABLE 244         ARGENTINA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION) 176

TABLE 245         ARGENTINA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)       176

TABLE 246         ARGENTINA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION)     176

TABLE 247         ARGENTINA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)             176

TABLE 248        ARGENTINA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)          177

TABLE 249        ARGENTINA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)   177

11.6.4    REST OF SOUTH AMERICA         177

TABLE 250         REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (USD MILLION)          178

TABLE 251         REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY FORM, 2022–2029 (KILOTON)   178

TABLE 252         REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (USD MILLION) 178

TABLE 253         REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY ALKALINITY, 2022–2029 (KILOTON)       178

TABLE 254         REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)         179

TABLE 255         REST OF SOUTH AMERICA: REFRACTORIES MARKET, BY END-USE INDUSTRY, 2022–2029 (KILOTON)  179

12          COMPETITIVE LANDSCAPE       180

12.1       OVERVIEW        180

12.2       OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS              180

12.3       REVENUE ANALYSIS      182

FIGURE 38         REVENUE ANALYSIS FOR KEY PLAYERS IN REFRACTORIES MARKET            182

12.4       MARKET SHARE ANALYSIS         182

FIGURE 39         RHI MAGNESITA LED REFRACTORIES MARKET IN 2023 182

TABLE 256         REFRACTORIES MARKET: DEGREE OF COMPETITION   183

12.4.1    MARKET RANKING ANALYSIS   183

FIGURE 40         RANKING OF TOP FIVE PLAYERS IN REFRACTORIES MARKET              183

12.5       COMPANY VALUATION AND FINANCIAL METRICS        185

FIGURE 41         COMPANY VALUATION (USD BILLION) 185

FIGURE 42         FINANCIAL MATRIX: EV/EBITDA RATIO             185

12.6       PRODUCT/BRAND COMPARISON          186

FIGURE 43         REFRACTORIES MARKET: PRODUCT COMPARISON       186

12.7       COMPANY EVALUATION MATRIX          187

12.7.1    STARS  187

12.7.2    EMERGING LEADERS    187

12.7.3    PERVASIVE PLAYERS     187

12.7.4    PARTICIPANTS 187

FIGURE 44         REFRACTORIES MARKET: COMPANY EVALUATION MATRIX, 2023      188

12.7.5    COMPANY FOOTPRINT: KEY PLAYERS  189

FIGURE 45         REFRACTORIES MARKET: COMPANY OVERALL FOOTPRINT              189

TABLE 257         REFRACTORIES MARKET: REGION FOOTPRINT (21 COMPANIES)    190

TABLE 258         REFRACTORIES MARKET: FORM FOOTPRINT (21 COMPANIES)              191

TABLE 259         REFRACTORIES MARKET: ALKALINITY FOOTPRINT (21 COMPANIES)    192

TABLE 260         REFRACTORIES MARKET: END-USE INDUSTRY FOOTPRINT (21 COMPANIES)    193

12.8       START-UPS/SMES EVALUATION MATRIX, 2023  194

12.8.1    PROGRESSIVE COMPANIES       194

12.8.2    RESPONSIVE COMPANIES          194

12.8.3    DYNAMIC COMPANIES 194

12.8.4    STARTING BLOCKS       194

FIGURE 46         REFRACTORIES MARKET: START-UPS/SMES EVALUATION MATRIX, 2023    195

12.9       COMPETITIVE BENCHMARKING            196

TABLE 261         REFRACTORIES MARKET: DETAILED LIST OF KEY STARTUPS/SMES           196

TABLE 262         REFRACTORIES MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]           196

12.10     COMPETITIVE SITUATION AND TRENDS           197

12.10.1  PRODUCT LAUNCHES  197

TABLE 263         REFRACTORIES MARKET: PRODUCT LAUNCHES, JANUARY 2019−APRIL 2024           197

12.10.2  DEALS  198

TABLE 264         REFRACTORIES MARKET: DEALS, JANUARY 2019−APRIL 2024              198

12.10.3  EXPANSIONS    205

TABLE 265         REFRACTORIES MARKET: EXPANSIONS, JANUARY 2019−APRIL 2024      205

12.10.4  OTHER DEVELOPMENTS           208

TABLE 266         REFRACTORIES MARKET: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024           208

13          COMPANY PROFILES    210

13.1       KEY PLAYERS   210

(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*

13.1.1    RHI MAGNESITA            210

TABLE 267         RHI MAGNESITA: COMPANY OVERVIEW             210

FIGURE 47         RHI MAGNESITA: COMPANY SNAPSHOT            211

TABLE 268         RHI MAGNESITA: DEALS, JANUARY 2019−APRIL 2024     212

TABLE 269         RHI MAGNESITA: EXPANSIONS, JANUARY 2019−APRIL 2024              214

TABLE 270         RHI MAGNESITA: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024           215

13.1.2    VESUVIUS          217

TABLE 271         VESUVIUS: COMPANY OVERVIEW          217

FIGURE 48         VESUVIUS: COMPANY SNAPSHOT          218

TABLE 272         VESUVIUS: DEALS, JANUARY 2019−APRIL 2024  220

TABLE 273         VESUVIUS: EXPANSIONS, JANUARY 2019−APRIL 2024     220

13.1.3    KROSAKI HARIMA CORPORATION         222

TABLE 274         KROSAKI HARIMA CORPORATION: COMPANY OVERVIEW              222

FIGURE 49         KROSAKI HARIMA CORPORATION: COMPANY SNAPSHOT              223

TABLE 275         KROSAKI HARIMA CORPORATION: DEALS, JANUARY 2019−APRIL 2024           224

TABLE 276         KROSAKI HARIMA CORPORATION: EXPANSIONS, JANUARY 2019−APRIL 2024           224

TABLE 277         KROSAKI HARIMA CORPORATION: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024        225

13.1.4    IMERYS 226

TABLE 278         IMERYS: COMPANY OVERVIEW 226

FIGURE 50         IMERYS: COMPANY SNAPSHOT 227

TABLE 279         IMERYS: PRODUCT LAUNCHES, JANUARY 2019−APRIL 2024              229

TABLE 280         IMERYS: DEALS, JANUARY 2019−APRIL 2024      229

TABLE 281         IMERYS: EXPANSIONS, JANUARY 2019−APRIL 2024         230

TABLE 282         IMERYS: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024              230

13.1.5    SHINAGAWA REFRACTORIES CO., LTD. 232

TABLE 283         SHINAGAWA REFRACTORIES CO., LTD.: COMPANY OVERVIEW              232

FIGURE 51         SHINAGAWA REFRACTORIES CO., LTD.: COMPANY SNAPSHOT              233

TABLE 284         SHINAGAWA REFRACTORIES CO., LTD.: DEALS, JANUARY 2019−APRIL 2024           235

TABLE 285         SHINAGAWA REFRACTORIES CO., LTD.: EXPANSIONS, JANUARY 2019−APRIL 2024        236

13.1.6    SAINT-GOBAIN 238

TABLE 286         SAINT-GOBAIN: COMPANY OVERVIEW 238

FIGURE 52         SAINT-GOBAIN: COMPANY SNAPSHOT 239

TABLE 287         SAINT-GOBAIN: PRODUCT LAUNCHES, JANUARY 2019−APRIL 2024      241

TABLE 288         SAINT GOBAIN: DEALS, JANUARY 2019−APRIL 2024       241

TABLE 289         SAINT GOBAIN: EXPANSIONS, JANUARY 2019−APRIL 2024              242

TABLE 290         SAINT GOBAIN: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024           242

13.1.7    CALDERYS        244

TABLE 291         CALDERYS: COMPANY OVERVIEW         244

TABLE 292         CALDERYS: DEALS, JANUARY 2019−APRIL 2024 245

TABLE 293         CALDERYS: EXPANSIONS, JANUARY 2019−APRIL 2024    246

TABLE 294         CALDERYS: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024      247

13.1.8    IFGL REFRACTORIES LIMITED  248

TABLE 295         IFGL REFRACTORIES LIMITED: COMPANY OVERVIEW   248

FIGURE 53         IFGL REFRACTORIES LIMITED: COMPANY SNAPSHOT  248

TABLE 296         IFGL REFRACTORIES LIMITED: PRODUCT LAUNCHES, JANUARY 2019−APRIL 2024        249

TABLE 297         IFGL REFRACTORIES LIMITED: DEALS, JANUARY 2019−APRIL 2024      250

TABLE 298         IFGL REFRACTORIES LIMITED: EXPANSIONS, JANUARY 2019−APRIL 2024           250

TABLE 299         IFGL REFRACTORIES LIMITED: OTHER DEVELOPMENTS, JANUARY 2019−APRIL 2024        251

13.1.9    ELKEM 252

TABLE 300         ELKEM: COMPANY OVERVIEW  252

FIGURE 54         ELKEM: COMPANY SNAPSHOT 252

13.1.10  POSCO FUTURE M         254

TABLE 301         POSCO FUTURE M: COMPANY OVERVIEW         254

FIGURE 55         POSCO CHEMICAL CO., LTD. AND ITS SUBSIDIARIES: COMPANY SNAPSHOT  255

13.2       OTHER PLAYERS           257

13.2.1    COORSTEK, INC.            257

TABLE 302         COORSTEK, INC.: COMPANY OVERVIEW             257

13.2.2    PUYANG REFRACTORIES GROUP CO., LTD.       258

TABLE 303         PUYANG REFRACTORIES GROUP CO., LTD.: COMPANY OVERVIEW        258

13.2.3    RESCO PRODUCTS        259

TABLE 304         RESCO PRODUCTS: COMPANY OVERVIEW         259

13.2.4    REFRATECHNIK HOLDING GMBH          260

TABLE 305         REFRATECHNIK HOLDING GMBH: COMPANY OVERVIEW              260

13.2.5    PLIBRICO COMPANY, LLC         261

TABLE 306         PLIBRICO COMPANY, LLC: COMPANY OVERVIEW          261

13.2.6    RUITAI MATERIALS TECHNOLOGY CO., LTD.    262

TABLE 307         RUITAI MATERIALS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW        262

13.2.7    CHOSUN REFRACTORIES           263

TABLE 308         CHOSUN REFRACTORIES: COMPANY OVERVIEW            263

13.2.8    MAGNEZIT GROUP       264

TABLE 309         MAGNEZIT GROUP: COMPANY OVERVIEW        264

13.2.9    KAEFER SE & CO. KG     265

TABLE 310         KAEFER SE & CO. KG: COMPANY OVERVIEW      265

13.2.10  ALMATIS GMBH             266

TABLE 311         ALMATIS GMBH: COMPANY OVERVIEW 266

13.2.11  ALLIED MINERALS PRODUCTS, INC.      267

TABLE 312         ALLIED MINERALS PRODUCTS, INC.: COMPANY OVERVIEW              267

13.3       START-UPS IN REFRACTORIES MARKET/ADJACENT MARKET    268

13.3.1    S1SEVEN            268

TABLE 313         S1SEVEN: COMPANY OVERVIEW             268

13.3.2    H2 GREEN STEEL           269

TABLE 314         H2 GREEN STEEL: COMPANY OVERVIEW            269

13.3.3    ELECTRASTEEL INCORPORATED           270

TABLE 315         ELECTRASTEEL INCORPORATED: COMPANY OVERVIEW              270

13.3.4    CARBON RE       271

TABLE 316         CARBON RE: COMPANY OVERVIEW       271

13.3.5    GREENWAY STEEL        271

TABLE 317         GREENWAY STEEL: COMPANY OVERVIEW         271

*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

14          ADJACENT & RELATED MARKET            272

14.1       INTRODUCTION            272

14.2       IRON & STEEL MARKET 272

14.2.1    MARKET DEFINITION   272

14.2.2    MARKET OVERVIEW     272

14.3       IRON & STEEL MARKET, BY TYPE           273

TABLE 318         IRON & STEEL MARKET, BY TYPE, 2020–2027 (USD BILLION)              273

TABLE 319         IRON & STEEL MARKET, BY TYPE, 2020–2027 (MILLION TON)              273

14.4       IRON & STEEL MARKET, BY END-USE INDUSTRY            273

TABLE 320         IRON & STEEL MARKET, BY END-USE INDUSTRY, 2020–2027 (USD BILLION) 273

TABLE 321         IRON & STEEL MARKET, BY END-USE INDUSTRY, 2020–2027 (MILLION TON)             274

14.5       IRON & STEEL MARKET, BY REGION      274

TABLE 322         IRON & STEEL MARKET, BY REGION, 2020–2027 (USD BILLION)              274

TABLE 323         IRON & STEEL MARKET, BY REGION, 2020–2027 (MILLION TON)              274

15          APPENDIX         275

15.1       DISCUSSION GUIDE      275

15.2       CUSTOMIZATION OPTIONS      279

15.3       RELATED REPORTS       279

15.4       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             280

15.5       AUTHOR DETAILS         282