내화물 시장 : 규모, 점유율, 성장 분석, 형상별, 제품별, 알칼리별, 최종 이용 산업별, 지역별 산업 예측(2025-2032년)

Global Refractories Market size was valued at USD 52.1 billion in 2023 and is poised to grow from USD 54.65 billion in 2024 to USD 80.13 billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).

The global refractories market is witnessing robust expansion, fueled by rising construction activities and industrial development across various sectors such as iron, steel, glass, and cement. The demand for refractories is further augmented by the growth of energy production and advancements in the petrochemical industry. Essential for the operation of furnaces, reactors, and kilns, these materials are increasingly sought after in developing economies, where manufacturing growth drives metal production needs. Notably, both monolithic and shaped refractories are gaining traction due to infrastructure expansion initiatives. Innovations in refractories, including new ceramics, ultra-high temperature materials, and nanotechnology, are enhancing thermal and mechanical properties while promoting sustainability through eco-friendly manufacturing practices, thereby aligning with stricter environmental standards and cost efficiency objectives.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Refractories market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Refractories Market Segments Analysis

Global Refractories Market is segmented by Form, Product, Alkalinity, End-Use Industry and region. Based on Form, the market is segmented into Bricks & Shaped and Monolithic & Unshaped. Based on Product, the market is segmented into Clay and Non-Clay. Based on Alkalinity, the market is segmented into Acidic & Neutral and Basic. Based on End-Use Industry, the market is segmented into Iron & Steel, Non-Ferrous Metals, Glass, Cement and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Refractories Market

The growing global appetite for steel and cement, fueled by significant infrastructure development and urban expansion, is propelling the need for high-temperature materials. These sectors are major consumers of refractories, significantly contributing to the expansion of the global refractories market. Furthermore, ongoing investments in industrial projects within emerging economies are increasing the demand for durable and heat-resistant lining materials, adding to the market's growth momentum. As urbanization accelerates and infrastructure projects proliferate, the reliance on refractories is expected to persist, creating a strong foundation for sustained market development in the coming years.

Restraints in the Global Refractories Market

The Global Refractories market faces significant challenges due to strict environmental regulations concerning emissions, mining practices, and waste management. Compliance with these rigorous standards often incurs additional costs associated with adopting cleaner production techniques, which can disproportionately affect smaller manufacturers and hinder their growth, particularly in regions with stringent regulations. Furthermore, project timelines are frequently disrupted by delays in obtaining necessary environmental clearances, which can diminish competitiveness within the market. As a result, these constraints can limit expansion opportunities and innovation, creating a challenging landscape for companies operating in the refractories sector.

Market Trends of the Global Refractories Market

The Global Refractories market is witnessing a significant trend towards sustainability and the use of recyclable materials, driven by heightened environmental awareness and regulatory frameworks. Industries, particularly cement and steel, are increasingly prioritizing green refractories that offer longevity and reduced ecological impact. This shift is not only a response to consumer demands for eco-friendly products but also aligns with corporate initiatives focusing on low-carbon manufacturing and the circular economy. As companies innovate and invest in sustainable practices, the refractories market is evolving to meet the dual challenge of performance excellence and environmental responsibility, reshaping competitive dynamics across the sector.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Refractories Market Size by Form & CAGR (2025-2032)

• Market Overview
• Bricks & Shaped
• Monolithic & Unshaped

Global Refractories Market Size by Product & CAGR (2025-2032)

• Market Overview
• Clay
• Non-Clay

Global Refractories Market Size by Alkalinity & CAGR (2025-2032)

• Market Overview
• Acidic & Neutral
• Basic

Global Refractories Market Size by End-Use Industry & CAGR (2025-2032)

• Market Overview
• Iron & Steel
• Non-Ferrous Metals
• Glass
• Cement
• Others

Global Refractories Market Size & CAGR (2025-2032)

• North America (Form, Product, Alkalinity, End-Use Industry)
  • US
  • Canada
• Europe (Form, Product, Alkalinity, End-Use Industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Form, Product, Alkalinity, End-Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Form, Product, Alkalinity, End-Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Form, Product, Alkalinity, End-Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• RHI Magnesita (Austria)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Vesuvius plc (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saint-Gobain (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Imerys (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Krosaki Harima Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shinagawa Refractories Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HarbisonWalker International (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Morgan Advanced Materials (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Puyang Refractories Group (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Calderys (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chosun Refractories Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• IFGL Refractories Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Minerals Technologies Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CoorsTek, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Refratechnik Holding GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Resco Products, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Intocast AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Magnezit Group (Russia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zhengzhou Rongsheng Refractory Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Orient Refractories Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations