Selbyville, DE -- (SBWIRE) -- 06/03/2019 -- According to this study, over the next five years the Industrial Refractory Materials market will register a 1.3% CAGR in terms of revenue, the global market size will reach US$ 42500 million by 2024, from US$ 39300 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Industrial Refractory Materials business, shared in Chapter 3.

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Refractories are heat-resistant materials that constitute the linings for high-temperature furnaces and reactors and other processing units. In addition to being resistant to thermal stress and other physical phenomena induced by heat, refractories must also withstand physical wear and corrosion by chemical agents. ASTM C71 defines refractories as "non-metallic materials having those chemical and physical properties that make them applicable for structures, or as components of systems, that are exposed to environments above 1,000 ?F (811 K; 538 ?C)".

Steel and non-ferrous metals, glass, cement and energy such as electricity and gases are important factors necessary to support economic activities and social life. Manufacturer plays a key role as these cannot be produced without advanced refractories and related facilities.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Industrial Refractory Materials production will show a trend of steady growth. In 2023 the production of Industrial Refractory Materials is estimated to be 50503.4 K MT. On product prices, the slow downward trend in recent years will maintain in the future.

A brief run-through of the industry segmentation encompassed in the Industrial Refractory Materials market report:

Competitive landscape:
Companies involved: RHI Magnesita, VESUVIUS, KROSAKI, SHINAGAWA, Imerys, HWI, MORGAN CRUCIBLE, SAINT-GOBAIN, Minteq, Resco, Qinghua, Puyang Refractory, Sinosteel, Lier, Jinlong and Sujia

Vital pointers enumerated:
- Sales area
- Distribution
- Company profile
- Company overview
- Products manufactured
- Price patterns
- Revenue procured
- Gross margins
- Product sales

The Industrial Refractory Materials market report provides an outline of the vendor landscape that includes companies such as RHI Magnesita, VESUVIUS, KROSAKI, SHINAGAWA, Imerys, HWI, MORGAN CRUCIBLE, SAINT-GOBAIN, Minteq, Resco, Qinghua, Puyang Refractory, Sinosteel, Lier, Jinlong and Sujia. Parameters such as the distribution and sales area, alongside other pivotal details such as the firm profiling and overview have also been mentioned.

The study mentions the products manufactured by these esteemed companies as well the product price prototypes, profit margins, valuation accrued, and product sales.

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Geographical landscape:
Regions involved: USA, Europe, Japan, China, India, South East Asia

Vital pointers enumerated:
- Product consumption patterns
- Valuation that each of these regions account for in the industry
- Market share which every region holds
- Consumption market share across the geographies
- Product consumption growth rate
- Geographical consumption rate

Segmented into USA, Europe, Japan, China, India, South East Asia, as per the regional spectrum, the Industrial Refractory Materials market apparently covers most of the pivotal geographies, claims the report, which compiles a highly comprehensive analysis of the geographical arena, including details about the product consumption patterns, revenue procured, as well as the market share that each zone holds.

The study presents details regrading the consumption market share and product consumption growth rate of the regions in question, in tandem with the geographical consumption rate with regards to the products and the applications.

Product landscape
Product types involved: Shaped Industrial Refractory Materials and Unshaped Industrial Refractory Materials

Vital pointers enumerated:
- Market share held by the product
- Projected valuation of each type
- Individual product consumption as per value and growth rate
- Sales value

The Industrial Refractory Materials market report enumerates information with respect to every product type among RHI Magnesita, VESUVIUS, KROSAKI, SHINAGAWA, Imerys, HWI, MORGAN CRUCIBLE, SAINT-GOBAIN, Minteq, Resco, Qinghua, Puyang Refractory, Sinosteel, Lier, Jinlong and Sujia, elaborating on the market share accrued, projected remuneration of each type, and the consumption rate of each product.

Application landscape:
Application sectors involved: Iron & Steel, Cement/Lime, Nonferrous Metals, Glass, Ceramics and Other Industries

Vital pointers enumerated:
- Market share held by each application segment
- Forecast valuation of each application
- Consumption patterns

The Industrial Refractory Materials market report, with respect to the application spectrum, splits the industry into Iron & Steel, Cement/Lime, Nonferrous Metals, Glass, Ceramics and Other Industries, while enumerating details regarding the market share held by each application and the projected value of every segment by the end of the forecast duration.

The Industrial Refractory Materials market report also includes substantial information about the driving forces impacting the commercialization landscape of the industry as well as the latest trends prevailing in the market. Also included in the study is a list of the challenges that this industry will portray over the forecast period.

Other parameters like the market concentration ratio, enumerated with reference to numerous concentration classes over the projected timeline, have been presented as well, in the report.

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