Multiple factors are expected to boost demand in the refractories market.
March 1, 2017
The total global production of refractories is expected to cross 55 million tons by 2020. The growth of end-user industries and increasing demand for high-performance furnaces have been driving the global market. Key end-user industries for refractories include iron and steel, non-ferrous metals, non-metallic minerals, and non-metallic materials such as glass. However, due to increasing equipment efficiencies, overall consumption of refractories has been declining.
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Despite sluggish overall demand, the market for advanced refractories will provide some opportunities.
September 1, 2015
Demand for refractories in the U.S. is forecast to increase 3.3% per year through 2019 to $3.1 billion, representing a deceleration from robust 2009-2014 gains as iron and steel production in the U.S. slows.