Global Refractories Market Report 2015-2020 – Market is Expected to Reach $54.8 Billion by 2020 – Research and Markets
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/rw2kgd/global) has announced the addition of the “Global Refractories Market – Segmented by Product Type, End-User Industry, and Geography – Trends and Forecasts (2015-2020)” report to their offering.
Global Refractories market is currently valued at $40.9 billion in 2014 and is expected to reach $54.8 billion by 2020, showing a Compound Annual Growth Rate (CAGR) of 5%
In terms of tonnage, the global market was at 39.8 million metric tons in 2014 and is expected to reach 48.6 million metric tons by 2020. China will maintain its top position among countries, with a market share of more than 50%, in the refractories market.
The gains registered in recent years because of a moderation in raw material costs and refractories prices were not as strong. The iron and steel market will reportedly continue to dominate global refractories sales, accounting for more than three-fifths of all 2020 product-demand in volume terms.
The volume of refractories consumed is projected to rise in the U.S., Western Europe, and Japan following an extended period of decline, as economic conditions strengthen in these areas and output of ferrous metals and other refractories-using products rebounds. Output gains in these areas are more likely to result in higher refractories demand because the manufacturing techniques used are already so efficient that it will be much difficult to reduce refractories consumption on a per unit output basis than in less developed countries. Due to their greater use of more costly, high-quality products, the U.S., Western Europe, and Japan will account for a larger share of the world refractories market in dollar terms in 2020 than they will in tonnage.
The world average consumption of refractories per tonne crude steel was 15kg/t in 2014, while China’s average was 20kg/t. The growing demand for refractories in the Asia-Pacific region is the major driving factor of the market.
Companies profiled in the refractories market report include Vesuvius, RHI, Morgan, ANH, Magnezit, Shinagawa, Krosaki and Imerys among others.
Key Topics Covered:
2. Executive Summary
3. Refractories Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis (Market size, growth and forecast)
7. Competitive Landscape
8. Company Profiles
- Stee Morgan
For more information visit http://www.researchandmarkets.com/research/rw2kgd/global
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