Global Refractories Market to Reach $29.3 Billion by 2026

SAN FRANCISCO, May 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Refractories - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 18; Released: May 2021
Executive Engagements: 5949
Companies: 117? Players covered include Allied Minerals Products; Almatis GmbH; Alteo Holding; AluChem, Inc.; CerCo Corporation; Chosun Refractories Co., Ltd.; Compagnie de Saint-Gobain S.A.; CoorsTek, Inc.; Harbisonwalker International; IFGL Refractories Ltd.; Imerys S.A.; Krosaki Harima Corporation; Lhoist Group; Qinghua Refractories Co., Ltd.; Magnezit Group; Minteq International Inc.; Morgan Advanced Materials plc; Puyang Refractories Group Co., Ltd.; Refratechnik Holding GmbH; Resco Products, Inc.; RHI Magnesita GmbH; Ruitai Materials Technology Co., Ltd.; Shinagawa Refractories Co., Ltd.; Vesuvius plc; Zhejiang Zili Advanced Materials Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Form (Bricks & Shapes, Monolithics & Others); Material (Clay Refractories, Non-Clay Refractories); End-Use (Iron & Steel, Non-Metallic Materials, Non-Ferrous Metals, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; India; Rest of Asia-Pacific; Latin America; Brazil; Rest of Latin America; Rest of World.

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ABSTRACT-

Global Refractories Market to Reach $29.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Refractories estimated at US$23.8 Billion in the year 2020, is projected to reach a revised size of US$29.3 Billion by 2026, growing at a CAGR of 3.4% over the analysis period. Bricks & Shapes, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$16.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Monolithics & Others segment is readjusted to a revised 3.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $16.6 Billion by 2026
The Refractories market in the U.S. is estimated at US$1.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.6 Billion by the year 2026 trailing a CAGR of 4.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR. 

Clay Refractories Market Segment to Reach $15.9 Billion by 2026
Global market for Clay Refractories segment is estimated at US$13.2 Billion in 2020, and is projected to reach US$15.9 Billion by 2026 reflecting a compounded annual growth rate of 3.1% over the analysis period 2020-2027. China constitutes the largest regional market for Clay Refractories segment, accounting for 58.7% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 3.7% over the analysis period, to reach US$10 Billion by the year 2027. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: [email protected]

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