Refractories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global refractories market is undergoing a phase of robust expansion. This growth trajectory is set to continue, driven by a steady compound annual growth (CAGR). A surge in demand from various industries, including steel, mining, and cement, is a key factor propelling this growth.

Market Dynamics Across Regions The Asian markets, particularly India, are witnessing substantial growth due to increasing industrial activities. India is projected to register one of the highest CAGR figures, a reflection of its burgeoning infrastructure and industrial sectors. Likewise, China, Japan, South Korea, and ASEAN countries are also experiencing significant boosts in demand. These increases are primarily spurred by heavy capital investments in infrastructure, alongside the steel, mining, and cement industries. The glass industry's expansion across these regions is further amplifying the demand for refractories.

China and Europe emerge as crucial regions, given their extensive industrial bases. The ongoing growth in these regions is expected to unveil new prospects for market expansion. However, the industry faces challenges, such as the high dependency on raw material imports, particularly from China. This dependency poses potential risks and growth limitations.

Segmentation and Market Insights The market is segmented into two primary product forms: monolithic & other unshaped, and bricks & other shapes. Both segments are anticipated to hold nearly equal shares by the end of the forecast period, with monolithic & other unshaped refractories expected to see relatively higher growth.

The steel industry continues to be a significant end-use segment within the market. It is projected to generate substantial incremental opportunities due to ongoing industrial and infrastructural developments. The cement industry, too, is forecasted to witness noteworthy growth. The glass industry is another key segment, expected to register a significant CAGR, driven by escalating demand for glass in construction and automotive sectors.

Competitive Analysis

The refractories market is characterized by the presence of prominent players such as Vesuvius plc, RHI Magnesita, and Krosaki Harima Corporation. These companies are focusing on strengthening their sales and distribution networks to enhance their market position. Strategic acquisitions and capacity expansions are among the organic and inorganic growth strategies they are adopting to cater to increasing global demands.

Other notable players in the market include Compagnie de Saint-Gobain S.A., Shinagawa Refractories, Calderys Refractories Limited, Morgan Advanced Materials plc, Minerals Technologies Inc., and HarbisonWalker International. These companies are actively pursuing growth strategies to solidify their presence in the global market.

Market Opportunities and Future Outlook

In the refractory minerals segment, bauxite holds a dominant position, expected to continue through the forecast period. The demand for alumina and magnesia-based refractories is also projected to be high due to their extensive application in various high-temperature industrial processes.

Market Segmentation

By Product Form: Highlighting monolithic & other unshaped forms alongside bricks & other shapes.

By Refractory Mineral: Including bauxite, alumina, kaolin, magnesia, graphite, and zircon.
By End-Use Industry: Detailing segments such as steel, cement, nonferrous metals, glass, and others.
By Region: Covering North America, Latin America, Europe, China, India, Japan, South East Asia & Pacific, and the Middle East & Africa.

1. Executive Summary

1.1. Global Refractories Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2024

3.1. Global Refractories, Production Output, by Region, 2018 - 2024
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Global Refractories Market Outlook, 2018 - 2031

4.1. Global Refractories Market Outlook, by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Monolithic & Other Unshaped
  - 4.1.1.2. Bricks & Other Shapes
4.2. Global Refractories Market Outlook, by Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Bauxite
  - 4.2.1.2. Alumina
  - 4.2.1.3. Kaolin
  - 4.2.1.4. Magnesia
  - 4.2.1.5. Graphite
  - 4.2.1.6. Zircon
4.3. Global Refractories Market Outlook, by End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. Steel
  - 4.3.1.2. Cement
  - 4.3.1.3. Nonferrous Metals
  - 4.3.1.4. Glass
  - 4.3.1.5. Others
4.4. Global Refractories Market Outlook, by Region, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.4.1. Key Highlights
  - 4.4.1.1. North America
  - 4.4.1.2. Europe
  - 4.4.1.3. Asia Pacific
  - 4.4.1.4. Latin America
  - 4.4.1.5. Middle East & Africa

5. North America Refractories Market Outlook, 2018 - 2031

5.1. North America Refractories Market Outlook, by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Monolithic & Other Unshaped
  - 5.1.1.2. Bricks & Other Shapes
5.2. North America Refractories Market Outlook, by Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Bauxite
  - 5.2.1.2. Alumina
  - 5.2.1.3. Kaolin
  - 5.2.1.4. Magnesia
  - 5.2.1.5. Graphite
  - 5.2.1.6. Zircon
5.3. North America Refractories Market Outlook, by End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Steel
  - 5.3.1.2. Cement
  - 5.3.1.3. Nonferrous Metals
  - 5.3.1.4. Glass
  - 5.3.1.5. Others
5.4. North America Refractories Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. U.S. Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.2. U.S. Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.3. U.S. Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.4. Canada Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.5. Canada Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.4.1.6. Canada Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Refractories Market Outlook, 2018 - 2031

6.1. Europe Refractories Market Outlook, by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Monolithic & Other Unshaped
  - 6.1.1.2. Bricks & Other Shapes
6.2. Europe Refractories Market Outlook, by Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Bauxite
  - 6.2.1.2. Alumina
  - 6.2.1.3. Kaolin
  - 6.2.1.4. Magnesia
  - 6.2.1.5. Graphite
  - 6.2.1.6. Zircon
6.3. Europe Refractories Market Outlook, by End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Steel
  - 6.3.1.2. Cement
  - 6.3.1.3. Nonferrous Metals
  - 6.3.1.4. Glass
  - 6.3.1.5. Others
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Europe Refractories Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. Germany Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.2. Germany Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.3. Germany Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.4. U.K. Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.5. U.K. Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.6. U.K. Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.7. France Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.8. France Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.9. France Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.10. Italy Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.11. Italy Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.12. Italy Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.13. Turkey Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.14. Turkey Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.15. Turkey Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.16. Russia Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.17. Russia Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.18. Russia Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.19. Rest of Europe Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.20. Rest of Europe Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.4.1.21. Rest of Europe Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Refractories Market Outlook, 2018 - 2031

7.1. Asia Pacific Refractories Market Outlook, by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Monolithic & Other Unshaped
  - 7.1.1.2. Bricks & Other Shapes
7.2. Asia Pacific Refractories Market Outlook, by Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Bauxite
  - 7.2.1.2. Alumina
  - 7.2.1.3. Kaolin
  - 7.2.1.4. Magnesia
  - 7.2.1.5. Graphite
  - 7.2.1.6. Zircon
7.3. Asia Pacific Refractories Market Outlook, by End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Steel
  - 7.3.1.2. Cement
  - 7.3.1.3. Nonferrous Metals
  - 7.3.1.4. Glass
  - 7.3.1.5. Others
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Asia Pacific Refractories Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. China Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.2. China Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.3. China Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.4. Japan Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.5. Japan Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.6. Japan Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.7. South Korea Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.8. South Korea Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.9. South Korea Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.10. India Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.11. India Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.12. India Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.13. Southeast Asia Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.14. Southeast Asia Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.15. Southeast Asia Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.16. Rest of Asia Pacific Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.17. Rest of Asia Pacific Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.4.1.18. Rest of Asia Pacific Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Refractories Market Outlook, 2018 - 2031

8.1. Latin America Refractories Market Outlook, by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Monolithic & Other Unshaped
  - 8.1.1.2. Bricks & Other Shapes
8.2. Latin America Refractories Market Outlook, by Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3. Latin America Refractories Market Outlook, by End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Steel
  - 8.3.1.2. Cement
  - 8.3.1.3. Nonferrous Metals
  - 8.3.1.4. Glass
  - 8.3.1.5. Others
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Latin America Refractories Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. Brazil Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.2. Brazil Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.3. Brazil Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.4. Mexico Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.5. Mexico Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.6. Mexico Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.7. Argentina Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.8. Argentina Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.9. Argentina Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.10. Rest of Latin America Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.11. Rest of Latin America Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.4.1.12. Rest of Latin America Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Refractories Market Outlook, 2018 - 2031

9.1. Middle East & Africa Refractories Market Outlook, by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Monolithic & Other Unshaped
  - 9.1.1.2. Bricks & Other Shapes
9.2. Middle East & Africa Refractories Market Outlook, by Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Bauxite
  - 9.2.1.2. Alumina
  - 9.2.1.3. Kaolin
  - 9.2.1.4. Magnesia
  - 9.2.1.5. Graphite
  - 9.2.1.6. Zircon
9.3. Middle East & Africa Refractories Market Outlook, by End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Steel
  - 9.3.1.2. Cement
  - 9.3.1.3. Nonferrous Metals
  - 9.3.1.4. Glass
  - 9.3.1.5. Others
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
9.4. Middle East & Africa Refractories Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.4.1. Key Highlights
  - 9.4.1.1. GCC Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.2. GCC Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.3. GCC Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.4. South Africa Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.5. South Africa Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.6. South Africa Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.7. Egypt Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.8. Egypt Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.9. Egypt Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.10. Nigeria Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.11. Nigeria Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.12. Nigeria Refractories Market End Use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.13. Rest of Middle East & Africa Refractories Market by Product Form, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.4.1.14. Rest of Middle East & Africa Refractories Market Refractory Mineral, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. End Use Industry vs Refractory Mineral Heatmap
10.2. Manufacturer vs Refractory Mineral Heatmap
10.3. Company Market Share Analysis, 2024
10.4. Competitive Dashboard
10.5. Company Profiles
- 10.5.1. RHI Magnesita
  - 10.5.1.1. Company Overview
  - 10.5.1.2. Product Portfolio
  - 10.5.1.3. Financial Overview
  - 10.5.1.4. Business Strategies and Development
- 10.5.2. Krosaki Harima Corporation
- 10.5.3. Compagnie de Saint-Gobain S.A.
- 10.5.4. Shinagawa Refractories
- 10.5.5. Calderys Refractories Limited
- 10.5.6. Morgan Advanced Materials plc
- 10.5.7. Minerals Technologies Inc.
- 10.5.8. Qinghua Refractories
- 10.5.9. HarbisonWalker International
- 10.5.10. IFGL Refractories Limited
- 10.5.11. Chosun Refractories ENG Co., Ltd.
- 10.5.12. Magnezit Group
- 10.5.13. Refratechnik Holding GmbH
- 10.5.14. Carboundum Universal Limited
- 10.5.15. Sibelco
- 10.5.16. Vesuvius plc

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations