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Refractories
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Abi will answer all Refractories related
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Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Refractories to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Key Global Supplier Profiles
  • Cost Structure Analysis
  • KPI - Technical & Legal Parameters
  • Technology Advancements

Production Size

CAGR

3 - 4 Percent

Production Size North America

3.04 MMT

Production Size Asia Pacific (APAC)

42.10 MMT

Production Size EU

6.36 MMT

Table of contents

  1. Refractories Executive Summary
  2. Category Landscape
  3. Regional Market Outlook
  1. Refractories Market Analysis
  2. Market Overview
  3. Market Size and Trend
  4. Demand and Supply
  5. Regional Market Outlook
  6. Market Drivers and Constraints
  7. Global Porter's Five Force Analysis
  1. Refractories Cost and Pricing Analysis
  2. Cost Structure
  3. Price Trend
  4. Engagement models
  1. Refractories Procurement Best Practices
  2. Best Practices
  3. Key Performance Indicator
  4. Recent Technology Development
  5. Company News

 

  1. Procurement Insights
  2. COVID-19 Impact Analysis
  3. LCCS Analysis
  4. Sustainability Initiatives

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Global Outlook on Refractory Market

Refractories are materials resistant to decomposition by heat, pressure, or chemicals. The refractories industry uses non-metallic or ceramics materials that are inorganic, heterogenous, and porous. Refractories are oxides or non-oxides or silicon, aluminium, calcium, magnesium, and zirconium. The refractories industry also uses chromium, tungsten, rhenium, niobium, and tantalum. Fireclay refractories, silica brick, high alumina refractories, magnesite refractories, zirconia refractories, and other specialty refractories are the refractory materials used.

Refractories are used for furnace lining and acidic lining. They are used as kiln lining material and act as insulation to withstand high temperatures. Other refractory materials used include alpha-alumina, silicon dioxide bricks, aluminum oxide bricks, calcined alumina, white fused alumina, brown fused alumina, etc. Refractories like Silica bricks are used in glass melting furnaces, while Alumina Bricks are used in the Metals, minerals, and mining industry.

The refractories market is categorized based on form, composition, type, process, end-user,  and region. In terms of form, the market is segmented as monolithic and bricks & shape. By type, the market is segmented as acidic, basic, and neutral. Segmentation by the manufacturing process is dry press process, fused cast, hand-molded, formed, and unformed. The refractories market demand is boosted by end-users like iron & steel, glass, cement, non-ferrous metals, and non-metallic materials. Region-wise it is segmented as North America, South America, Europe, Asia Pacific, and Middle East Africa. 

  • The ongoing corona virus outbreak globally has lead to supply disruption of refractory raw materials globally. Logistics bottleneck offsets cautious market sentiment, resulting in pricing volatility. However this outbreak will be controlled in medium term and the supply will bound back to normal
  • Emerging countries, such as China, India, Brazil are making huge investment in large-scale infrastructure projects. Also, the non-metallic industries in such economies are growing at a high rate and thus are anticipated to further drive the refractories market
  • In APAC, the increasing production of chemicals is anticipated to generate opportunity for the growth of the refractories market in near future

Refractories - Global Demand

  • The ongoing corona virus outbreak globally has lead to supply disruption of refractory raw materials globally. Logistics bottleneck offsets cautious market sentiment, resulting in pricing volatility. However this outbreak will be controlled in medium term and the supply will bound back to normal
  • Emerging countries, such as China, India, Brazil are making huge investment in large-scale infrastructure projects. Also, the non-metallic industries in such economies are growing at a high rate and thus are anticipated to further drive the refractories market
  • In APAC, the increasing production of chemicals is anticipated to generate opportunity for the growth of the refractories market in near future

Regional Market Snapshot

This section of the refractory market report analyses each regional market individually. The regional market analysis includes information on the refractories market size, market share, growth rate, and demand. It also includes a demand forecast. The regional report divides the global market into Australia, Europe, APAC, and North America.

refractories market

 

Global Refractories Drivers and Constraints 

Drivers

Non-mining Sectors

Glass, ceramics, cement, silica brick, energy, and chemical sectors drive the demand for refractories. These sectors contributed to 40 per cent of the refractory demand. Growth in these sectors was expected to increase their net market share by 2–5 percent in 2020

Infrastructure/Demand for Cement

Demand for cement and lime is ever increasing, due to the infrastructure growth in emerging countries, which in turn drives the demand for refractories in cement processing.

Metals, Minerals and Mining Processing Output

Increasing steel, non-ferrous and mineral output processing, and beneficiation due to a growing demand for the commodities and mining consumables, drives the demand for refractory usage. Rising commodity prices of steel, aluminium, and other non-ferrous minerals impact the global mineral production, which in turn would help in increasing the value of demand for refractories.

Constraints

Reduction in Specific Consumption

The specific consumption of refractory was close to 15–20 kg to produce 1 ton of steel. With increasing cost pressure and the development of thermally-resistant refractories, the specific consumption is expected to reduce to as low as 5kg to produce 1 ton of steel.

Fragmented Market

Though the refractory market is close to 49.86 MMT, the supply market is fragmented with the top 15 players having close to 20 percent market share. The marginal differences in annual revenues of these suppliers increase the competition among them and may result in normalizing the price of refractories. Suppliers having a stable research and development facility are expected to be ahead of the competition.

Cost Structure

The major cost factors involved are raw materials and labor costs, which account for about 80 percent of the total cost. The cost structure analysis studies the impact of each of the cost components on the prices. This includes raw materials as well as labor and consumables. The report also details the cost structures for alumina, magnesia, and fire clay refractories in China and globally. It lists the break up of the costs and gives insights into the prevailing cost trends.

The major cost factors involved are raw materials and labor costs, which account for about 80 per cent of the total cost.The cost structure analysis studies the impact of each of the cost components on the prices. This includes raw materials as well as labor and consumables. The report also details the cost structures for alumina, magnesia, and fire clay refractories in China and globally. It lists the break up of the costs and gives insights into the prevailing cost trends.

The cost and pricing section of the refractory market report also describes the different engagement models in the industry. The regional practices and variations in the contract structures and payment practices are described.

Procurement Best Practices

This section provides key insights into refractory procurement and allied services. These facts and figures are vital to understanding the different nuances and technicalities of procurement in refractories. The report details the prevailing contract and bid practices. The report then analyses the pros and cons of these procurement practices. Some aspects of the contract favor suppliers while others are more advantageous to the buyers. The competitiveness also differs for the different contract types. An accurate estimation of the refractory requirements and procurement quantities prevents delays in the bid process as well as the operations of the refractory.

The different aspects that one must consider before selecting suppliers for refractory procurement are listed and analyzed in detail. The technical, as well as legal parameters of the components, are studied.

Technological Advancements

The industry has seen many great advances in technology that have optimized the refractories industry. Some of these advancements are used to improve the refractories process while others improve the end product. The latest technological advancements have minimized the adverse environmental impact of the industry. Certain advancements are common to the industry while others are proprietary solutions provided by companies.

Refractories Market Frequently Asked Questions

  1. Which refractories market regions have high market maturity and which ones have medium and low market maturity?
  2. From Beroe’s refractories market outlook and analysis reports, Asia, Europe, and North America have high market maturity, whereas Australia, South America, and Africa are the medium and low market maturity regions.
  1. Who are the top suppliers in the global refractories market?
  2. Vesuvius, Magnesita, RHI AG, Krosaki, and Shinagawa are the top suppliers in the global refractories market.
  1. What is the expected Chinese refractory production size in 2022?
  2. As per Beroe’s refractories market forecast for 2022, the Chinese refractory production is estimated to reach 27.46 MMT billion with an average growth rate of 3.70 percent during the 2019-2021 period driven by new plant establishments or restarting of existing plants.
  1. What are the factors that will drive the global demand for refractories?
  2. The global demand for refractories is expected to grow due to the following factors. · Increasing demand from steel, iron, non-ferrous, power, and glass industries · Rapid growth in infrastructure projects across the globe, especially the APAC region · Refractories drive the demand for furnace lining, acidic lining, kiln lining material, silicon dioxide bricks, aluminum oxide bricks, alumina bricks, and silica bricks
  1. What is the global scenario on the manufacturer’s refractories market share?
  2. The global refractories market is fragmented with major accounting for a combined market share of less than 25 percent. In China, there are more than 2000 refractory manufacturers each with annual revenue of RMB20 million. The Chinese market is huge because of the local availability of raw materials such as alumina and magnesite.

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