June 20, 2024

Refractories Market Size to Worth USD 51.46 Bn By 2033

The refractories market would grow at a CAGR of 4.60% over the predicted time frame. The market is expected to increase in value from US$ 32.98 billion in 2023 to US$ 51.46 billion by 2033.

Refractories Market Size 2024 To 2033

Key Takeaways

  • Asia Pacific contributed more than 49.28% of the market share in 2023.
  • North America is estimated to expand the fastest CAGR between 2024 and 2033.
  • By form, the bricks & shaped segment has held the largest market share of 55% in 2023.
  • By form, the monolithic & unshaped segment is anticipated to grow at a remarkable CAGR of 5.8% between 2024 and 2033.
  • By product, the clay segment generated over 66% of the market share in 2023.
  • By product, the non-clay segment is expected to expand at the fastest CAGR over the projected period.
  • By alkalinity, the basic segment generated over 59% of the market share in 2023.
  • By alkalinity, the acidic & neutral segment is expected to expand at the fastest CAGR over the projected period.
  • By end-use industry, the iron & steel segment generated over 36% of market share in 2023.
  • By end-use industry, the cement segment is expected to expand at the fastest CAGR over the projected period.

The on refractories Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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A recent report provides crucial insights along with application based and forecast information in the Global Refractories Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Refractories market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Refractories Market Scope

Report CoverageDetails
Global Market Size in 2023USD 32.98 Billion
Global Market Size by 2033USD 51.46 Billion
Asia-Pacific Market Size in 2023USD 16.25 Billion
Asia-Pacific Market Size by 2033USD 25.85 Billion
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Form, By Product, By Alkalinity, and By End-Use
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read Also: Sequencing Consumables Market Size to Attain USD 50.75 Bn By 2033

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Refractories market are included as given below:

Recent Developments in the Refractories Market

  • In June 2023, INTOCAST AG revealed its plan to acquire EXUS Refractories S.p.A, an Italian company, as part of its strategy to enhance its production facility with modern technological advancements. The acquisition is expected to fortify INTOCAST AG’s refractory product portfolio, positioning it for sustained growth.
  • In April 2023, RHI Magnesita announced its acquisition of the U.S., India, and Europe operations of seven refractories, non-basic monolithic specialists. With a recorded revenue of USD 110 million and PBT of USD 12 million in 2022, this strategic move aims to bring innovative product categories and technological advancements, providing a significant leap in consumer offerings on the global market.
  • In October 2021, Intocast expanded its presence in the Americas by acquiring Pyrol, a Mexican manufacturer and trader of refractory products and casting auxiliaries.
  • In September 2021, Plibrico Company, LLC completed the acquisition of Redline Industries, Inc., a pioneer in product innovation for high-temperature furnace protection, with a focus on promoting energy efficiency. This acquisition enhances Plibrico’s position in the competitive market, offering customers trusted refractory solutions and expanding its product portfolio.

Refractories Market Companies

  • INTOCAST AG
  • RHI Magnesita
  • Plibrico Company, LLC
  • EXUS Refractories S.p.A
  • Pyrol
  • Redline Industries, Inc.
  • Saint-Gobain
  • HarbisonWalker International
  • Vesuvius plc
  • Morgan Advanced Materials
  • Shinagawa Refractories Co., Ltd.
  • Resco Products, Inc.
  • Calderys
  • Krosaki Harima Corporation
  • Imerys Group

Segments covered in the report

By Form

  • Bricks & Shaped
  • Monolithic & Unshaped

By Product

  • Clay
  • Non-Clay
  • By Alkalinity:
  • Acidic & Neutral
  • Basic

By End-Use Industry

  • Iron & Steel
  • Non-Ferrous Metals
  • Glass
  • Cement
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Report Objectives

  • To define, describe, and forecast the global refractories market based on product, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
  • To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the refractories market

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Refractories Market 

5.1. COVID-19 Landscape: Refractories Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Refractories Market, By Form

8.1. Refractories Market Revenue and Volume Forecast, by Form, 2024-2033

8.1.1. Bricks & Shaped

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Monolithic & Unshaped

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Refractories Market, By Product

9.1. Refractories Market Revenue and Volume Forecast, by Product, 2024-2033

9.1.1. Clay

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Non-Clay

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Refractories Market, By Alkalinity 

10.1. Refractories Market Revenue and Volume Forecast, by Alkalinity, 2024-2033

10.1.1. Acidic & Neutral

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Basic

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Refractories Market, By End-Use 

11.1. Refractories Market Revenue and Volume Forecast, by End-Use, 2024-2033

11.1.1. Iron & Steel

11.1.1.1. Market Revenue and Volume Forecast (2021-2033)

11.1.2. Non-Ferrous Metals

11.1.2.1. Market Revenue and Volume Forecast (2021-2033)

11.1.3. Glass

11.1.3.1. Market Revenue and Volume Forecast (2021-2033)

11.1.4. Cervical

11.1.4.1. Market Revenue and Volume Forecast (2021-2033)

11.1.5. Cement

11.1.5.1. Market Revenue and Volume Forecast (2021-2033)

11.1.6. Others

11.1.6.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 12. Global Refractories Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.1.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.1.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.1.5.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.5.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.1.5.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.1.6.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.6.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.1.6.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.2.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.2.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.2.5.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.5.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.2.5.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.2.6.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.6.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.2.6.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.2.7.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.7.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.2.7.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.2.8.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.8.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.2.8.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.3.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.3.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.3.5.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.5.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.3.5.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.3.6.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.6.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.3.6.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.3.7.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.7.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.3.7.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.3.8.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.8.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.3.8.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.4.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.4.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.4.5.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.5.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.4.5.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.4.6.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.6.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.4.6.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.4.7.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.7.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.4.7.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.4.8.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.8.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.4.8.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.5.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.5.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.5.5.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.5.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.5.5.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Form (2021-2033)

12.5.6.2. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.6.3. Market Revenue and Volume Forecast, by Alkalinity (2021-2033)

12.5.6.4. Market Revenue and Volume Forecast, by End-Use (2021-2033)

Chapter 13. Company Profiles

13.1. INTOCAST AG

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. RHI Magnesita

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Plibrico Company, LLC

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. EXUS Refractories S.p.A

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Pyrol

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Redline Industries, Inc

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Saint-Gobain

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. HarbisonWalker International

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Vesuvius plc

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Morgan Advanced Materials

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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