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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