Europe Refractories Market to Rise at a CAGR of 4.1% Due to Growing Infrastructure in Emerging Countries

The expanding amount of infrastructural expansion projects in rising economies such as Brazil, China, and India and the huge swelling scale followed by the non-metallic minerals trade are the key factors driving the global refractories market. This progression has added thrust to the market growth which is expected to deliver USD 40,007.33 million business by 2025. Successive rate of infrastructure advancement in the emerging economies of Asia-Pacific (APAC) is prime definer of the refractories market and is growing at the annual growth rate of 4.0% during the anticipated period of 2018 to 2025.
Europe Refractories Market is expected to reach USD 8,993.26 million by 2025 from USD 6,582.62 million in 2017, at a CAGR of 4.1% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors contributing to the growth of the market includes factors such as increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron & steel industry.

Key Drivers: Europe Refractories Market

Some of the major factors driving the market for Europe refractories market are increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron & steel industry.
On the other hand, the environmental issues due to refractories are hampering the growth of the market.

Key Points: Europe Refractories Market

Vesuvias is going to dominate the Europe refractories market followed by RHI Magnesita and Saint Gobain S.A. Some of the major players operating in this market are Shinagawa Refractories Co., Ltd., and others.
  • The form type segment is dominating the Europe refractories market.
  • The Castable segment is expected to grow with the highest CAGR of 5.1% in the forecast period 2018 to 2025.

Market Segmentation: Europe Refractories Market

  • The Europe refractories market is segmented based on alkalinity into three notable segments; acidic & neutral refractories and basic refractories. Acidic & neutral refractories segment is sub segmented into fireclay, silica, alumina, chromite, zirconia and carbon. Basic refractories are further sub segmented into magnesite and dolomite. In 2018, acidic & neutral refractories market is likely to dominate market with 70.9% shares and is estimated to reach USD 6,433.12 million by 2025. It is growing at the highest CAGR of 4.2% in the forecast period.
  • The Europe refractories market is segmented based on form type into three notable segments; bricks, monolithic and others. Monolithic segment is sub segmented into castable, plastic, ramming, patching, coating, refractory mortars and insulating castables. In 2018, the bricks market is estimated to dominate market with 55.6%market share and will collect around USD 4,908.00 million by 2025, rising with a CAGR of 3.8%. However, the monolithic market is growing with the highest CAGR of 4.6% and is expected to reach USD 3,431.74 million in 2025 from USD 2,415.74 million in 2017.
  • The Europe refractories market is segmented based on product type into two notable segments; clay and non-clay. Non-clay segment is sub segmented into silica bricks, magnesite bricks, chromite bricks, zirconia bricks and others. Clay segment is sub segmented into fire clay, high alumina and insulating. In 2018, the clay market is estimated to dominate market with 61.1% shares and will collect around USD 5,634.92 million by 2025, rising with the highest CAGR of 4.5%.
  • The Europe refractories market is segmented based on fusion temperature into three notable segments; Normal Refractory (1580-1780°C), High Refractory (1780-2000 °C) and Super Refractory (>2000 °C). In 2018, the normal refractory (1580-1780°C) market is estimated to dominate market with 50.7% shares and will collect around USD 4,704.11 million by 2025, rising with the highest CAGR of 4.5%.
  • The Europe refractories market is segmented based on end user into six notable segments; iron & steel, cement & lime, energy & chemicals, glass, non-ferrous metal and others. In 2018, the iron & steel market is estimated to dominate market with 81.2% shares and will collect around USD 7,384.31 million by 2025, rising with the highest CAGR of 4.2%.
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