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Global Dense Shaped Refractory Product Market InsightDecember 31, 2021 Comments
The Dense Shaped Refractory Product is forecast to crazy increase over the next years. According to the World Knowledge Information (WKI) “Global Dense Shaped Refractory Product Professional Survey Report 2021, Forecast to 2026”, The steel industry, non-ferrous metal industry, cement industry and glass industry are expected to drive the growth of this market during the forecast period. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.07% base on WKI regression analysis model.
“The current refractory industry products are mainly concentrated in low-end products. In fact, high-performance refractories have more potential for use and development. Therefore, it is recommended that manufacturers invest more in scientific research.”said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.
The growth of the Dense Shaped Refractory Product market can be attributed to factors such as investment by major players to strengthen their position in the market and rising raw material prices. The cost-cutting measures taken by major players to maintain their competitive advantage will also boost demand for dense refractory products during the forecast period. Increased demand for steel, cement and glass products. In recent years, increased demand for other applications of these materials has also increased the growth rate of the industry. Other driving forces include population growth, urbanization, construction booms in China and other countries, and further increase in investment opportunities. For example, as per capita income increases, people spend money on higher-quality products.
In October 2017, the Ministry of Industry and Information Technology of China issued the “Industry Key Common Technology Development Guidelines (2017)”, which clarified the key manufacturing technology categories of refractory materials, mainly including refractory material production line automation and intelligent technology; refractory material in-service diagnosis and lining construction Maintenance integrated technology; new synthetic raw material research and development and industrialization technology; related technologies for a series of lightweight synthetic raw materials with micron, nanometer pore size, and closed-cell structure; new high-efficiency, safe, and environmentally friendly thermal insulation and refractory industrialization technology; structure and function integration Industrialization technology of functional refractory materials for intelligent continuous casting; refractory material configuration for new dry-process cement kilns and comprehensive chromium-free technology; integrated technology for green intelligent manufacturing of refractory materials.Major market players include: Shanhe Refractories, United Minerals, Binjiang Refractories, Morgan New Materials, Plibrico, Calderys, Christy Refactories, Alsey Refractories, BNZ Materials, Godo Ceramics, Shandong Refractories Group, Tsinghua Refractories, Sinosteel Refractories , Yixing Ruitai Refractories, Kuanhe Refractories, Jinlong Group.
Segmentation of Dense Shaped Refractory Product Market:
On the basis of types, the global compact refractory product market is subdivided into acidic refractories, neutral refractories, and alkaline refractories.Among them, acidic refractories account for a larger share of the market. Most manufacturers prefer the acid type because of its lower cost, but it has higher thermal conductivity than other substances. In the long run, this may cause heating equipment or Manufacturers of cooling systems make more money.According to application, the global compact refractory products market is subdivided into steel industry, non-ferrous metal industry, cement industry, glass industry, and other industries.Among them, it occupies a major market share in the cement industry, and it can more effectively produce high-quality clinker for different types of concrete products. The long life and the ability to withstand severe wear make it an ideal solution for the industry. They are not only energy-efficient, but also sustainable, because the recycling rate of cement plants is higher than that of other industries.
Dense Shaped Refractory Product Market: Regional Analysis
In terms of geography, the global Dense Shaped Refractory Product market has been segmented into:North America, Asia Pacific, Latin America, Europe, South America, and the Middle East and Africa.North America occupies a leading position in densely formed refractory products, contributing more and more to the total revenue generated by the industry. The densely formed refractory products market in North America will become the most profitable part of the industry, followed by Latin America.
Largest share area：North America
Largest share country：the Unite States