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Refractories Market Research Report 2022, Size, Share, Trends and Forecast to 2027

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According to IMARC Group’s latest report, titled “Refractories Market: Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027,” The global refractories market reached a value of US$ 24.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.7 Billion by 2027, exhibiting a CAGR of 4.4% during 2022-2027. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Refractories are non-metallic, porous, inorganic, and heterogeneous materials designed to withstand high industrial pressures and temperatures. These materials can be divided into several types, including fireclay, magnesite, chromite, high alumina minerals, silica, etc. Refractories are manufactured using substances that are adherent to corrosion from solids, liquids, gases, mechanical and thermal stress, abrasion, gas diffusion, etc. They are used in furnaces and boilers to contain heat and protect the processing equipment from intense temperatures. As a result, refractories find widespread applications across various sectors, such as iron, steel, energy, chemical, manufacturing, non-ferrous metals, glass, cement, ceramics, etc. Request Free Sample Report: https://www.imarcgroup.com/refractories-market/requestsample Market Trends The expanding steel sector across countries is one of the primary factors driving the refractories market. Besides this, the escalating utilization of refractories in the construction sector, on account of their high temperature resistance and convenience for installation, is further augmenting the market growth. Apart from this, the increasing infrastructural activities, especially in developing nations, are also catalyzing the global market. Moreover, the emerging trend of recycling these materials and the elevating technological advancements are acting as significant growth-inducing factors. Furthermore, the growing requirement for non-ferrous metals and the rising usage of automotive, aerospace, electrical, and medical castings are expected to propel the refractories market in the coming years. Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/refractories-market List of Key Companies Covered in this Market Report: The report has segmented on the basis of form, alkalinity, manufacturing process, composition, refractory mineral and geography Breakup by Form: Breakup by Alkalinity: Breakup by Manufacturing Process: Breakup by Composition: Breakup by Refractory Mineral: Breakup by Application: Breakup by Geography: Key highlights of the report: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US: IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Website: https://www.imarcgroup.com/ Email: sales@imarcgroup.com USA: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800 Follow us on twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group