Refractories Market Banking on South East Asia to be Key Future Growth Drivers

The Refractories Market deals with the development of materials which exhibit properties that make them ideal for structures or as parts of systems that are easily exposed to tough environments. Refractory materials are used in linings for heaters, furnaces, incinerators and reactors.

Refractory products are additionally used to create storage units and moulds for glass and metals and are likewise used for surfacing flame deflectors in rocket launch units. Refractory components like high temperature cement must be physically and chemically stable at extreme temperatures. Contingent upon the surrounding conditions, they should be impervious to thermal shock, stay unreactive upon exposure to chemicals, and additionally have particular scopes of thermal conductivity and of the coefficient of expansion. Hence, the Refractories Market is well-placed to register solid growth over the next few years.

 Scope & Regional Forecast of the Refractories Market:

There are essentially two classes of refractories developed by refractory manufacturers, as far as he form is concerned, monolithic and shaped. The bricks and shapes held the biggest share in the Refractories Market in 2016. Be that as it may, monolithic refractory products are foreseen to develop at a more prominent rate during the period between 2016-2021. The development of iron and steel organizations with regards to the procurement of new crude material destinations or expanding the quantity of processing facilities are creating new growth opportunities for the market.

Asia-Pacific is the main region in the Refractories Market, as far as value and volume go, and the pattern is relied upon to hold steady till 2020. The nations in this locale, for example, China and India are the quickest developing markets for refractories, because of their expanding usage in press and steel, concrete, glass, non-ferrous metals, and different ventures. South East Asia, with nations including Indonesia, Malaysia, Thailand, and Vietnam, is additionally a quickly developing business sector for refractories.

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Segmentations & Key Players Involved in the Refractories Market :

According to IndustryARC findings, the Refractories Market can be broken down into various segmentations on the basis of –

 

  • Form: Shaped Refractories, Monolithic Refractories and Others.

  • Chemical Composition: Acidic & Neutral Refractories and Basic Refractories.

  • End Use Industries: Crude Iron & Steel, Cement & Lime, Glass, Non-Ferrous Metals and Others.

  • Material: Chromite, Graphite, High Alumina, Magnesite, Silica, Zirconia and Others.

  • Geography: Americas, Europe, Asia-Pacific and Rest of the World.

 

Some of the key players involved in the Refractories Market according to IndustryARC are as follows:

  • Everkem Diversified Products

  • F.S. Sperry Company Inc.

  • Fabrication Specialties, Inc.

  • Fedmet Resources Corporation

  • Harbisonwalker International (HWI) Inc.

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