GITNUX MARKETDATA REPORT 2024

Refractories Industry Statistics

The refractories industry statistics provide insights into market size, production, consumption, and trade trends for materials used in high-temperature applications such as steelmaking and glass manufacturing.

Statistic 1

"The market share for the basic refractories like magnesia and dolomite is projected to grow due to their application versatility."

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Statistic 2

"The Indian refractories market is expected to grow at a CAGR of 7%, due mostly to steel and cement production."

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Statistic 3

"The steel industry accounts for over 60% of the demand for refractories."

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Statistic 4

"Refractory materials are primarily composed of alumina, silica, and magnesia."

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Statistic 5

"Japan holds approximately 5% of the global refractories market share."

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Statistic 6

"The European refractories market is projected to reach USD 6.7 billion by 2026."

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Statistic 7

"The demand for non-clay refractories is expected to expand faster than clay-based refractories at a CAGR of 4.2% through 2028."

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Statistic 8

"The market is anticipated to grow at a compound annual growth rate (CAGR) of 3.4% from 2021 to 2028."

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Statistic 9

"Advanced ceramic refractory materials are gaining traction, with demand projected to increase by 12% by 2025."

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Statistic 10

"The global market for magnesite refractories alone generated about USD 2.1 billion in 2020."

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Statistic 11

"The glass manufacturing industry consumed approximately 7.5% of the total refractories market in 2020."

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Statistic 12

"Refractories account for roughly 2% of the manufacturing cost of steel."

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Statistic 13

"By 2026, demand for refractories in the cement industry is expected to grow by 2.5% annually."

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Statistic 14

"The environmental regulations in developed nations are pushing towards adoption of eco-friendly refractories materials."

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Statistic 15

"Market growth in the Asia-Pacific region is driven largely by increased construction activities."

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Statistic 16

"Innovations in nanotechnology for refractory applications are expected to drive industry transformation."

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Statistic 17

"The global refractories market size was valued at approximately USD 23.5 billion in 2020."

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Statistic 18

"In 2021, the monolithic and shaped refractories split almost equally in terms of market revenue."

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Statistic 19

"China is the largest producer and consumer of refractories in the world."

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Statistic 20

"Recycling of refractories is becoming more prevalent, representing an estimated 10% of the market in Europe."

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