Refractories are made of ceramic, alumina, silica, magnesia, and other materials designed to resist the very high temperatures faced in modern manufacturing. More heat-resistant than metals, they are used to line the hot surfaces inside many industrial processes. The refractory products generally fall under preformed shapes or unformed compositions. Refractories are used to contain heat and protect processing equipment from intense temperatures. The variety of materials such as silica, alumina, and clay among others are utilized for the manufacturing of refractories and these refractories found extensive applications in several industries such as foundries, iron, and steel, glass, among others where they are exposed to extreme chemical and temperature conditions.
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Data Bridge Market Research analyses that the Asia-Pacific Refractories Market is expected to reach USD 25.66 billion by 2031 from USD 17.12 billion in 2023, growing with a CAGR of 5.3% in the forecast period of 2024 to 2031.
Key Findings of the Study
Rise in Infrastructural Growth in Emerging Economies
As emerging countries experience economic growth, there is a surge in construction activities, including the development of residential, commercial, and industrial infrastructure. This leads to a higher demand for refractories in industries such as cement and glass manufacturing, where these materials are used in kilns and furnaces. The steel industry is a major consumer of refractories. Growing infrastructure often translates to increased demand for steel in construction projects. As a result, the steel industry expands its production capacities, driving the need for refractories in the lining of blast furnaces, converters, and other high-temperature equipment. The construction of buildings, roads, and other infrastructure requires a substantial amount of cement. Refractories are essential in the cement manufacturing process, particularly in kilns where raw materials are heated to high temperatures.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Year
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Product Type (Clay and Non-Clay), Alkalinity (Acidic & Neutral Refractories and Carbon), Form Type (Bricks, Monolithic, and Others), Fusion Temperature (Normal Refractory (1580-1780°C), High Refractory (1780-2000°C), and Super Refractory (>2000°C)), Technology (Isostatics Pressing, Slide Gates Mechanism, and Others), Application (Iron & Steel, Cement & Lime, Energy & Chemicals, Glass, Non-Ferrous Metal, and Others)
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Countries Covered
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China, India, Japan, South Korea, Thailand, Indonesia, Philippines, Singapore, Malaysia, Australia, Hong Kong, Taiwan, New Zealand, and Rest of Asia-Pacific
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Market Players Covered
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Saint-Gobain Performance Ceramics & Refractories (PCR) (a subsidiary of Saint-Gobain) (France), TYK CORPORATION(Japan), Wuxi Nanfang Refractories Co.,Ltd (China), Coorstek (U.S.), Refratechnic (Germany), ALTEO (France), Almatis Gmbh (Germany), Allied Mineral Products, Inc. (U.S.), Minerals Technologies Inc. (U.S.), Puyang Refractories Group Co.,Ltd (China), Morgan Advanced Materials (U.K.), IFGL Refractories Limited (India), Krosaki Harima Corporation (Japan), SHINAGAWA REFRACTORIES CO.,LTD. (Japan), RHI Magnesita GmbH (Austria), Lhoist (Belgoum), Vesuvius (U.K.), and Imerys (France), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis
The Asia-Pacific refractories market is segmented into six notable segments which are based on product type, alkalinity, form type, fusion temperature, application, and technology.
- On the basis of product type, the market is segmented into clay and non-clay
In 2024, the clay segment is expected to dominate the Asia-Pacific Refractories Market
In 2024, the clay segment is expected to dominate the market with a market share of 61.04%, because of the cheaper price range of products and their durability and thermal resistance.
- On the basis of alkalinity, the market is segmented into acidic & neutral refractories and carbon.
In 2024, the acidic & neutral refractories segment is expected to dominate the Asia-Pacific Refractories Market
In 2024, the acidic & natural refractories segment is expected to dominate the market with a market share of 72.10%, due to their resistance to high temperature and acidic slag conditions along with widespread applicability market.
- On the basis of form type, the market is segmented into bricks, monolithic, and others. In 2024, the bricks segment is expected to dominate the market with a market share of 54.63%
- On the basis of fusion temperature, the market is segmented into normal refractory (1580-1780°C), high refractory (1780-2000°C), and super refractory (>2000°C). In 2024, the normal refractories (1580-1780°C) segment is expected to dominate the market with a market share of 53.06%
- On the basis of technology, the market is segmented into isostatics pressing, slide gates mechanism, and others. In 2024, the slide gates mechanism segment is expected to dominate the market with a market share of 66.79%
- On the basis of application, the market is segmented into iron & steel, cement & lime, energy & chemicals, glass, non-ferrous metal, and others. In 2024, the iron & steel segment is expected to dominate the market with a market share of 80.21%
Major Players
Data Bridge Market Research analyzes IFGL Refractories Limited (India), RHI Magnesita GmbH (Austria), Vesuvius (U.K.), Puyang Refractories Group Co.,Ltd (China), and SHINAGAWA REFRACTORIES CO.,LTD. (Japan) as major market players in this market.
Market Development
- In February 2024, Alteo became a part of the Limoges European Cluster of Ceramics. The purpose of this strategic partnership is to improve the business's reputation in important industries like aerospace, defense, electronics, energy, luxury products, and healthcare. With this collaboration, Alteo strengthens its position as a market leader by using innovative approaches and the knowledge of a remarkable network of partners. This action demonstrates the continued dedication to innovation and support of France's industrial growth to address the rising demand for specialty alumina on a worldwide scale
- In October 2023, RHI Magnesita GmbH acquired the Preiss-Daimler Group's refractory companies located in Slovenia, the Czech Republic, and Germany. P-D Refractories holds a prominent position in the glass and aluminium industries as a manufacturer of superior alumina-based refractories for industrial use in process industries. P-D Refractories offers a variety of products, including high-alumina specialty, bauxite, andalusite, silica, fireclay, and magnesite bricks
- In July 2023, IFGL Refractories leads the way in transforming refractory performance. With a constant dedication to pushing limits, the company unveils their newest innovation: the Single-Piece Precast EAF Delta Roof, crafted specifically for electric arc furnaces of all capacities. The Single-Piece Precast EAF Delta Roof reinforces IFGL Refractories' commitment to innovation and customer satisfaction, driving growth and success for the company
- In July 2023, Almatis announced that it has been awarded a Asia-Pacific Supplier Award by Novelis Inc., a prominent supplier of sustainable aluminum solutions and the industry leader in aluminum recycling and rolling. Almatis was chosen to receive an Alliance award for the services and products it gave Novelis. The Novelis Asia-Pacific Supplier Awards honor businesses for their exceptional collaboration and high standards of performance, which promote resilient supply chains and sustainable innovation
- In January 2021, Allied Mineral Products, LLC launched a new line of refractory products named, QUICK-FIRE. Quick fire is a two- component system that utilizes liquid phosphate bonding system
Country Analysis
Geographically, the countries covered in the Asia-Pacific refractories market report are China, India, Japan, South Korea, Thailand, Indonesia, Philippines, Singapore, Malaysia, Australia, Hong Kong, Taiwan, New Zealand, and rest of Asia-Pacific.
As per Data Bridge Market Research analysis:
China is expected to be the fastest and dominating region in the Asia-Pacific Refractories Market
China is expected to dominate the market because the enormous population that creates a large demand for steel in the building and automotive industry.
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