The Refractories Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Refractories Market?
The market size of refractories has seen consistent growth over the years. The market, which was valued at $28.41 billion in 2024, is projected to increase to $29.49 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Refractories Industry?
By 2029, the global refractories market is anticipated to reach a forecasted size of $34.62 billion, growing at a compound annual growth rate (CAGR) of 4.1%.
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What are the Key Growth Drivers Fueling the Refractories Market?
The key drivers in the refractories market are:
• Surge in infrastructure development
• Innovations in refractory design and application techniques
• Market penetration in emerging economies
• Adoption of high-temperature materials and shift towards sustainable refractories
Global Market Segmentation: Identifying Major Refractories Industry Segments
The refractories market covered in this report is segmented –
1) By Form: Shaped Refractories, Unshaped Refractories
2) By Alkalinity: Acidic And Neutral, Basic
3) By Refractory Mineral: Bauxite, Alumina, Kaolin, Magnesia, Graphite, Zircon
4) By End-Use Industry: Iron And Steel, Power Generation, Non-Ferrous Metals, Cement, Glass, Other End-Users
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What are the Emerging Trends Shaping the Future of the Refractories Market?
The key trends in the refractories market are:
• There's a growing trend of utilizing High-temperature materials in the refractory industry.
• Technological advancements in refractory materials are increasingly shaping the market.
• The demand for refractories in the steel and cement industries is on the rise.
• The refractory market is witnessing expansion in developing economies.
Who Are the Top Competitors & Leading Players in the Refractories Market?
Major companies in the refractories market are:
• Saint-Gobain SA
• Kyocera
• Imerys
• RHI Magnesita GmbH
• Vesuvius
• Minerals Technologies Inc.
• Shinagawa Refractories Co Ltd.
• Morgan Advanced Materials
• Calderys
• CoorsTek
• Puyang Refractories Group Co Ltd.
• Harbisonwalker International
• Dalmia-OCL
• Resco Products Inc.
• Intocast AG
• Allied Mineral Products
• Zircar Refractories Ltd.
• Chosun Refractories
• Magnezit Group
• IFGL Refractories Ltd.
• Krosaki Harima Corporation
• Orient Refractories Limited
• Refratechnik
• Refractarios Alfran
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the refractories market in 2024
