Ceramic Industry News

World Demand for Refractories Expected to Exceed 45 mmt in 2012 (posted 3/25/09)

According to “World Refractories,” a new study from The Freedonia Group, Inc., world demand for refractories is forecast to rise 3.5% annually through 2012 to 45.2 million metric tons (mmt). Market value will rise 4.5% (including price increases), reaching $28.5 billion.

In the short term, refractory demand will be negatively impacted by the effects of the global economic downturn that began in the latter half of 2008, with declining manufacturing activity and global trade pushing demand below 2007 levels in most countries. However, recovery is expected by 2012, restoring gains for the refractory industry. Longer-term growth will be supported by the increasing use of better performing, more expensive refractories.

China is the dominant consumer of refractories, with over 50% of the world market in 2007, due to the nation’s strong rise in industrial production. In 2007, the country manufactured 36% of the world’s steel, 49% of the world’s cement and 44% of world flat glass. In addition, China utilizes a higher rate of refractories per ton of steel than developed nations, due to its less efficient manufacturing processes. Over 80% of new demand in 2012 will be attributable to China.

Due primarily to China, Asia will continue to be the fastest-growing region in the world through 2012. While China will account for much of the region’s gains, India will exhibit advances above the world average as well. Eastern Europe will have solid growth prospects due to its rising steel production. Multinational manufacturers have shifted production of steel-consuming goods such as household appliances and motor vehicles to Eastern Europe, creating demand for steel. Opportunities will also exist in Latin America and the Africa/Mideast region.

Iron and steel production is by far the largest market for refractories. Advances in this market have benefitted from increased production in recent years compared to the late 1990s. However, the rate of refractory usage per ton of steel has continued to decline, holding back gains. This trend is expected to continue, adversely affecting the outlook for refractory suppliers.

For more information, visit www.freedoniagroup.com.


Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!