This acquisition has strengthened Saint-Gobain’s high-performance materials operations which further allowed the group to expand its service to customers in the healthcare market. North America refractories market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.7% in the forecast period of 2021 to 2028 and expected to reach USD 10,497,185.48 thousand by 2028. In April 2018, Saint-Gobain Performance Ceramics & Refractories (PCR) (a division of Saint-Gobain) acquired the pharmaceutical business of Micro Hydraulics, an Irish-based supplier and manufacturer of single-use fluid handling components and systems in high-performance plastics for high purity applications in the pharmaceutical and biopharmaceutical industries.
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Market Analysis and Insights
Refractories are available in all shapes and size. Bricks are one of the traditional forms of refractories and have accounted for the majority of refractory production earlier but now monolithic refractories are being widely used due to low cost, durability and easy installation procedure. Refractories market has its wide applicability in industries such as iron and steel, cement & ceramics, non-ferrous metals and others. Increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron & steel industry are the factors which will boost the refractories market. Some companies are expanding their production capacities in different regions to grow their market for these products.
Refractories are made of ceramic, alumina, silica, magnesia and other materials designed aiming 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.
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North America Refractories Market Scope
Refractories market segmented into six notable segments which are based on alkalinity, product type, form type, fusion temperature, application and technology. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of form type, the refractories market is segmented into bricks, monolithic and others. In 2021, bricks segment is expected to dominate the market because of its temperature and sound insulating properties along with resistance to high temperature which helps to boost its demand in the forecast year.
- On the basis of on product type, the refractories market is segmented into clay and non-clay. In 2021, clay segment is expected to dominate the market because of the cheaper price range of products and their durability and thermal resistance. Further, the easy availability of raw materials also helps to boost its demand in the forecast year.
- On the basis of fusion temperature, the refractories market is segmented into normal refractory (1580-1780°C), high refractory (1780-2000°C) and super refractory (>2000°C). In 2021, normal refractories are expected into dominate the market because of the widespread applicability and durability along with the extensive amount of chemical and thermal process carried out utilizing normal refractories which helps to boost its demand in the forecast year.
Competitive Landscape and North America Refractories Market Share Analysis
Refractories market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to refractories market.
The major players covered in the Military Truck Marketreport are
- Saint-Gobain Performance Ceramics & Refractories (PCR) (a division of Saint-Gobain),
- Almatis Gmbh, ALTEO,
- Coorstek, Imerys,
- Allied Mineral Products, Inc.,
- RHI Magnesita GmbH,
- Puyang Refractories Group Co.,Ltd,
- Refratechnic, HARBISONWALKER INTERNATIONAL,
- Wuxi Nanfang Refractories Co.,Ltd. ,
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