U.S. demand for refractory products to reach $3 billion in 2014

U.S. demand for refractory products is forecast to advance 8.0 percent annually to $3.0 billion in 2014, reflecting a rebound in steel manufacturing from dismal 2009 levels, according to a Jan. 4 release from The Freedonia Group Inc., Cleveland. Of the nearly $1 billion total gain in refractory demand by value between 2009 and 2014, the metals industry will account for more than 75 percent.These and other trends are presented in Refractories, a new study from The Freedonia Group, an industry market research firm.

US REFRACTORY DEMAND

(million dollars)

% Annual Growth

Item

2004

2009

2014

2004-09

2009-14

Refractory demand

1992

2070

3045

0.8

8.0

Bricksand shapes

1115

1155

1690

0.7

7.9

Monolithics

555

580

860

0.9

8.2

Other forms

322

335

495

0.8

8.1

Refractories is available for $4,800 from The Freedonia Group Inc., 767 Beta Drive, Cleveland, OH 44143-2326.For further details, contact Corinne Gangloff by phone 440/684-9600, fax 440/646-0484 or e-mail pr@freedoniagroup.com.