Global Refractories Market to Cross $26 billion by 2010 According to New Report



According to a recent released report published by Global Industry Analysts, Inc., the global refractories market (http://www.strategyr.com/MCP-1125.asp) is projected to cross 41 million metric tons in terms of volume and US$26 billion in value by 2010. Refractory materials are ceramic, corrosive, and non-metallic products that tolerate extreme temperatures, physical wear, and corrosion released by chemical agents. The materials' resistance to heat makes them ideal for usage in kiln furniture, ceramics, foundries, boiler combustion chambers, mission control scrubbers, and incinerators.

The global refractories market (http://www.strategyr.com/MCP-1125.asp) is being mainly driven by the rapid industrialization of regions such as Asia-Pacific, Latin America, and Eastern Europe. The steel industry forms a major end-use segment for refractories. Rapidly industrializing economies of Asia-Pacific, particularly China and India, is fuelling a major proportion of growth. According to research published by Global Industry Analysts, Inc. "Asia-Pacific, the largest refractories market in the world, is projected to reach 25.5 million metric tons in volume terms and US$14.7 billion by 2009." Refractory materials play an important role in the manufacture of steel, cement, glass and ceramics, and in petrochemical processes. Advanced castables with low, ultra-low and no-cement types and other monolithic refractories have become the preferred refractory type in most industrialized countries. Performance of the refractory industry hinges upon the dynamics in the iron & steel industry. Steel industry consumption of refractories varies from 50-80% of total annual consumption depending upon the country. The increasing severity in operating conditions such as high temperature, chemical attacks, and lengthy exposure time has catapulted the ladles market in the steel industry. Approximately 90% of the steel manufacturers prefer ladle metallurgy.

With development of high quality and durable refractories, a strong market orientation is seen towards value-based growth as against production-based growth. Significant growth potential is witnessed in Zircon/zirconia, silicon carbide extra-high alumina, and other more specialized refractory materials that offer strong performance in specific applications. By form type, bricks & shapes market (http://www.strategyr.com/MCP-1125.asp) represent the leading segment in the global refractories market and is projected to cross 22 million metric tons in volume terms and US$14 billion in value terms by the year 2008.

The report titled Refractories: A Global Strategic Business Report provides a comprehensive review of the factors influencing the market, trends & issues, end-use markets, recent technological developments, product introductions, and M&A activity. The study also provides market data and analytics in value and volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following types - by form (Bricks & Shapes, and Monolithics), by material type (Clay Refractories, and Non-Clay Refractories), and by end-use segment (Iron & Steel, Cement, Ceramics & Glass, and Others).

Major players dominating the global refractories market (http://www.strategyr.com/MCP-1125.asp) include Acera Technology, ANH Refractories Company, C-E Minerals, Ferro Corporation, Imerys, Keravit, McDanel Advanced Ceramic Technologies, MINTEQ International, Morgan Crucible Company, RHI AG, Saint-Gobain Ceramics & Plastics, Shinagawa Refractories, Tata Refractories, and Vesuvius Group.

For more details on this research report, please visit www.strategyr.com/MCP-1125.asp

About the company

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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Global Refractories Market to Cross $26 billion by 2010 According to New Report