Chemicals Industry Today

Refractory Materials for GCC Steel Market Growth Opportunities and Industry Outlook 2018

Refractory Materials for GCC Steel Market Competitive Analysis, Trends and Forecast till 2021, with free sample copy of the report.
Published 01 August 2018
“Global Refractory Materials for GCC Steel Market 2018-2021” The report covers the present scenario and the growth prospects of the refractory materials market for GCC steel industry for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of refractory materials market for GCC steel industry.

Our analysts forecast the Global Refractory Materials for GCC Steel market to grow at a CAGR of 3.23% during the period 2017-2021

Refractory materials are inorganic, nonmetallic, porous, and heterogeneous materials with high melting points and other properties that make them appropriate to act as heat-resistant barriers between high and low-temperature zones. They are extensively used in constructing high-temperature areas, particularly in furnaces or boilers, as they minimize heat loss through the structure.

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Competitive landscape and key vendors  

The refractory materials market in GCC steel industry consists of limited refractory materials manufacturers who are involved in the production of refractories. Most of these vendors manufacture both bricks and monolithic refractories. Nearly all the key vendors cater to the same industries such as iron and steel, cement, glass, non-ferrous metals, ceramics, and power generation. However, steel is the major focus industry for almost all the players.

Essential points covered in Global Refractory Materials for GCC Steel Market 2018 Research are:-
  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the Global Refractory Materials for GCC Steel market?
  • What are the key market trends impacting the growth of the Global Refractory Materials for GCC Steel market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Global Refractory Materials for GCC Steel market?
  • What are the market opportunities and threats faced by the vendors in the Global Refractory Materials for GCC Steel market?
  • What are the key outcomes of the five forces analysis of the Global Refractory Materials for GCC Steel market?
This independent 94 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Refractory Materials for GCC Steel market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

Furthermore, the report provides a detailed analysis of the Global Refractory Materials for GCC Steel market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.

The market is divided into the following segments based on geography: APAC, Europe, North America, ROW

Companies Mentioned are: Calderys, Magnesita Refratários, RHI, Saint-Gobain, and Vesuvius.
   
Other prominent vendors: Arabian Refractories Factory, Chosun Refractories, HarbisonWalker International, IFGL Refractories, Krosaki Harima, Magnezit Group, Minteq International, Morgan Advanced Materials and its affiliates, OCL India

Segmentation by form type and analysis of the refractory materials market for GCC steel industry- Bricks, Monolithic

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IndustryDataAnalytics Announces the Publication of its Research Report: Global Refractory Materials for GCC Steel Market 2018-2021

Commenting on the report, an analyst from IndustryDataAnalytics team said: The latest trend gaining momentum in the market is Rising popularity of monolithic refractories over shaped refractories. Monolithic refractories, being distinct mixes or blends of dry granular or cohesive plastic materials with indefinite form, are likely to experience an increased demand over shaped refractories at a rapid growth rate, during the upcoming years. These refractories are likely to witness a surge in demand from almost every application, including the steel industry.

Market challenge

Fluctuating cost of refractory materials and high energy consumption
For a full, detailed list, view our report          

Market trend

Rising popularity of monolithic refractories over shaped refractories
For a full, detailed list, view our report  
           
According to the report, one of the major drivers for this market is Mounting demand from construction and infrastructure sector. GCC is exhibiting an increased demand for steel, and it is expected to rise during the upcoming years. This rising demand for steel is mainly driven by the developmental activities taking place in the construction and infrastructural sectors. The construction sector boom led by the petrodollars and the diversification of oil-based companies has turned GCC into a favored business spot for many international investors. The consumption of steel has increased significantly by the demand from these sectors. The main factors include expanding construction activities; increasing expenditure in railway, infrastructure, and road projects; and inexpensive and reliable energy supplies.

Browse Full Report at:
https://www.industrydataanalytics.com/refractory-materials-market-for-gcc-steel-industry-2017-to-2021-tech01398-p.php

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About us:
Industrydataanalytics provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. Industrydataanalytics has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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