Global Refractories Market to Reach $30.2 Billion by 2027

Abstract: Global Refractories Market to Reach $30. 2 Billion by 2027. Amid the COVID-19 crisis, the global market for Refractories estimated at US$23.

New York, July 15, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Refractories Industry" - https://www.reportlinker.com/p092508/?utm_source=GNW
8 Billion in the year 2020, is projected to reach a revised size of US$30.2 Billion by 2027, growing at aCAGR of 3.4% over the period 2020-2027. 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, While China is Forecast to Grow at 4.1% CAGR

The Refractories market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.2 Billion by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. 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.

Select Competitors (Total 104 Featured)

• 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.