Global steel refractory materials market size to record considerable growth over 2020-2025

6 October 2020

As per credible estimates, global steel refractory materials market share was worth USD 22110.32 million in the year 2019 and is expected to record substantial growth during 2020-2025. The growth is attributable to rapid industrialization and urbanization, especially in emerging countries like China and India, leading to notable investments for construction of commercial and residential buildings.

As per the given report, global steel refractory materials market is studied with respect to product type, manufacturing process, and regional landscape. Besides, the document acknowledges the competitive landscape of this business sphere while highlighting product offerings and market share held by each leading organization. It also offers insights about collaborations planned by major contenders to gain competitive edge in this industry vertical. In addition, the study also takes into consideration the impact of COVID-19 on the industry growth.

It is to be noted that China, being on of the fastest-growing economy in the world, has escalated demand for travel requiring constant construction of railways and roads. Hence, investments towards infrastructural development projects will boost the demand for refractories in cement and iron & steel industries, augmenting the industry forecasts.

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Surging sales of household appliances like furniture, cutlery, microwave ovens, dishwashers, and washing machines has in turn increased the demand for steel from end-user industries, propelling global steel refractory materials market size expansion.

On the other hand, in 2019, geopolitical problems and trade disputes among nations negatively impacted steel demand, leading to economic instability across the globe. This was especially noticed in construction, manufacturing, and automotive sectors, hence plunging the demand for steel. The demand-supply gap for steel in automotive sector restrained global refractory materials market remuneration. However, this shortfall will soon be recovered in the coming years, thereby facilitating the business scenario.

Market segmentations:

Based on product type, global steel refractory materials industry is divided into bricks & shapes, and monolithics & others. Speaking of manufacturing process, the marketplace is bifurcated into electric arc furnace, blast oxygen furnace, and others.

Analyzing regional landscape:

As per the industry experts, Asia Pacific currently holds considerable share of worldwide steel refractory materials market and is poised to grow further during 2020-2025. The region is home to leading iron and steel producers, with China accounting for half of overall steel production. Abundance of raw materials in the region coupled with presence of appropriate facilities for growth of mining sector, and low labor cost will stimulate steel refractory materials market forecasts in Asia Pacific.

Meanwhile, steel refractory materials industry in Europe and Americas is also reckoned to grow substantially and amass notable revenues by the year 2025.

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Global Steel Refractory Materials Market Growth by Product Type (Revenue, USD Million, 2015-2025)

  • Bricks & Shapes
  • Monolithics & Others

Global Steel Refractory Materials Market Outlook by Manufacturing Process (Revenue, USD Million, 2015-2025)

  • Electric Arc Furnace
  • Blast Oxygen Furnace
  • Others

Global Steel Refractory Materials Market Share Regional Landscape (Revenue, USD Million, 2015-2025)

Americas

  • Canada
  • United States
  • Mexico
  • Brazil

Europe

  • Russia
  • Italy
  • Germany

Asia Pacific

  • India
  • Japan
  • China

Global Steel Refractory Materials Market Competitive Hierarchy (Revenue, USD Million, 2015-2025)

  • Orient Refractories Ltd.
  • Refratechnik Holding GmbH
  • Magnezit Group
  • IFGL Refractories Ltd.
  • Vesuvius
  • CoorsTek Inc.
  • Shinagawa Refractories Co. Ltd.
  • Morgan Advanced Materials
  • RHI Magnesita N.V.
  • Calderys

Table of Content:

1. Report Scope and Methodology

1.1 Scope of the Report

1.2 Research Methodology

1.3 Executive Summary

2. Strategic Recommendations

3. Global Steel Refractory Materials Market: Sizing and Forecast

3.1 Market Size, By Value, Year 2015-2025

3.2 Impact of COVID-19 on Global Steel Refractory Materials Market

4. Global Steel Refractory Materials Market Segmentation By Product Type

4.1 Competitive Scenario of Global Steel Refractory Materials: By Product Type

4.2 Bricks & Shapes- Market Size and Forecast (2020-2025)

4.3 Monolithics & Others- Market Size and Forecast (2020-2025)

5. Global Steel Refractory Materials Market Segmentation By Manufacturing Process

5.1 Competitive Scenario of Global Steel Refractory Materials: By Manufacturing Process

5.2 Blast oxygen furnace- Market Size and Forecast (2020-2025)

5.3 Electric arc furnace- Market Size and Forecast (2020-2025)

5.4 Others- Market Size and Forecast (2020-2025)

6. Global Steel Refractory Materials Market: Regional Analysis

6.1 Competitive Scenario of Global Steel Refractory Materials: By Region, By Value

7. Americas Steel Refractory Materials Market: Segmentation By Product Type, Manufacturing Process (2020-2025)

7.1 Americas Steel Refractory Materials Market: Size and Forecast (2020-2025), By Value

7.2 Market Segmentation By Product Type(Bricks & Shapes, Monolithics & Others)

7.3 Market Segmentation By Manufacturing Process(Blast oxygen furnace, Electric arc furnace, Others)

7.4 Americas Steel Refractory Materials Market: Country Analysis

7.5 Competitive Scenario of Americas Steel Refractory Materials: By Country, By Value

8. Europe Steel Refractory Materials Market: Segmentation By Product Type, Manufacturing Process (2020-2025)

8.1 Europe Steel Refractory Materials Market: Size and Forecast (2020-2025), By Value

8.2 Market Segmentation By Product Type(Bricks & Shapes, Monolithics & Others)

8.3 Market Segmentation By Manufacturing Process(Blast oxygen furnace, Electric arc furnace, Others)

8.4 Europe Steel Refractory Materials Market: Country Analysis

8.5 Competitive Scenario of Europe Steel Refractory Materials: By Country

9. Asia Pacific Steel Refractory Materials Market: Segmentation By Product Type, Manufacturing Process (2020-2025)

9.1 Asia Pacific Steel Refractory Materials Market: Size and Forecast (2020-2025), By Value

9.2 Market Segmentation By Product Type(Bricks & Shapes, Monolithics & Others)

9.3 Market Segmentation By Manufacturing Process(Blast oxygen furnace, Electric arc furnace, Others)

9.4 Asia Pacific Steel Refractory Materials Market: Country Analysis

9.5 Competitive Scenario of Asia Pacific Steel Refractory Materials: By Country, By Value

10. Global Steel Refractory Materials Market Dynamics

10.1 Global Steel Refractory Materials Market Drivers

10.2 Global Steel Refractory Materials Market Restraints

10.3 Global Steel Refractory Materials Market Trends

11. Market Attractiveness

11.1 Market Attractiveness Chart of Global Steel Refractory Materials Market - By Product Type, By Value

11.2 Market Attractiveness Chart of Global Steel Refractory Materials Market - By Manufacturing Process, By Value

11.3 Market Attractiveness Chart of Global Steel Refractory Materials Market - By Region, By Value

12. Competitive Landscape

Related Report:

Structural Steel Market Size, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Structural Steel market size is estimated to grow at over 7.5% CAGR between 2019 and 2026, as per new research report. Increasing residential & non-residential construction activities and rising demand of steel products as construction materials will foster the industry growth. Structural steel comprises a broad range of low carbon and manganese steels that are used for marine and civil engineering applications. These are manufactured in section as well as plate shapes and are generally used in ships, buildings, pipelines, and bridges. From a regional frame of reference, the Latin America structural steel market focuses on strengthening the value of regional integration, as well as technological innovation. This region accounted for a market revenue of $3.73 Bn in 2019. The Middle East region accounted for nearly 3.8% of the global structural steel market.

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