세계의 내화물 시장 예측(-2032년) : 유형별, 재료별, 형태별, 설치 방법별, 최종사용자별, 지역별 분석

According to Stratistics MRC, the Global Refractory Materials Market is accounted for $49.4 billion in 2025 and is expected to reach $91.0 billion by 2032 growing at a CAGR of 9.1% during the forecast period. Refractory materials are heat-resistant substances designed to withstand extremely high temperatures without degrading. They include clay, silica, magnesia, alumina, and zirconia-based products used in furnaces, kilns, reactors, and industrial processes. Available in forms such as bricks, castables, and coatings, refractories provide thermal insulation, mechanical strength, and chemical resistance. They are essential in industries like steel, cement, glass, and petrochemicals, ensuring safe and efficient operation under harsh conditions. Their durability supports continuous production in environments exceeding 1500-2000°C.

Market Dynamics:

Driver:

Growing steel and cement industry demand

Growing demand from the steel and cement industries is a major driver of the Refractory Materials market, as these sectors rely heavily on high-temperature resistant linings for furnaces, kilns, and reactors. Refractories are critical for improving thermal efficiency, extending equipment life, and reducing downtime in energy-intensive operations. Fueled by urbanization, infrastructure development, and capacity expansions in emerging economies, steel and cement production continues to scale, directly boosting refractory consumption across basic oxygen furnaces, blast furnaces, rotary kilns, and calcination units.

Restraint:

High production and energy consumption

High production costs and substantial energy consumption act as key restraints in the Refractory Materials market. Manufacturing refractory bricks, monolithics, and castables requires energy-intensive processes such as calcination and sintering at extremely high temperatures. Spurred by rising fuel prices, carbon emission regulations, and operational inefficiencies, production expenses remain elevated. These cost pressures impact pricing competitiveness and profit margins, particularly for small and mid-sized manufacturers, while also limiting adoption in cost-sensitive industrial applications across developing regions.

Opportunity:

Rising renewable energy infrastructure projects

Rising investments in renewable energy infrastructure present a promising opportunity for the Refractory Materials market. Refractories are increasingly used in biomass plants, waste-to-energy facilities, solar thermal power systems, and hydrogen production units that operate under high-temperature conditions. Driven by global decarbonization goals and government incentives for clean energy, demand for durable, corrosion-resistant refractory solutions is expanding. This trend creates opportunities for innovation in eco-friendly and high-performance refractory formulations tailored to renewable energy applications.

Threat:

Volatile raw material supply chain

Volatility in the raw material supply chain poses a significant threat to the Refractory Materials market. Key inputs such as bauxite, magnesite, alumina, and graphite are subject to price fluctuations, export restrictions, and geopolitical risks. Influenced by mining regulations, environmental constraints, and regional concentration of resources, supply instability can disrupt production planning. Such volatility leads to cost uncertainty, margin erosion, and increased procurement risks for manufacturers, impacting long-term contracts with steel, cement, and energy industry customers.

Covid-19 Impact:

The COVID-19 pandemic negatively impacted the Refractory Materials market during its initial phase due to shutdowns in steel plants, cement factories, and construction activities. Supply chain disruptions, labor shortages, and delayed industrial projects reduced short-term demand. However, recovery was supported by resumption of infrastructure development, industrial manufacturing, and stimulus-driven construction investments. Post-pandemic normalization of steel and cement production helped restore refractory demand, while efficiency upgrades and maintenance cycles further contributed to market stabilization.

The chemical bonded segment is expected to be the largest during the forecast period

The chemical bonded segment is expected to account for the largest market share during the forecast period, driven by its superior thermal stability, mechanical strength, and resistance to chemical corrosion. Fueled by extensive usage in steel, cement, and non-ferrous metal industries, these refractories offer longer service life and reduced maintenance costs. Additionally, their ability to perform under extreme temperatures and aggressive operating conditions is reinforcing widespread adoption across high-temperature industrial processes.

The high-alumina refractories segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the high-alumina refractories segment is predicted to witness the highest growth rate, supported by rising demand from high-temperature and high-load applications. Propelled by rapid growth in steelmaking, glass manufacturing, and petrochemical industries, these refractories offer excellent thermal shock resistance and corrosion protection. Furthermore, increasing adoption in advanced industrial processes and energy-efficient furnace designs is accelerating growth across global markets.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, attributed to strong industrialization and expanding manufacturing capacity. Driven by large-scale steel production, infrastructure development, and cement manufacturing in countries such as China and India, the region benefits from abundant raw materials and cost-effective production. Additionally, supportive government initiatives are sustaining high demand for refractory materials.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR associated with increasing investments in industrial modernization and energy-efficient technologies. Fueled by refurbishment of aging furnaces and growing adoption of advanced refractories in metal processing and petrochemical sectors, the region is witnessing accelerated demand. Moreover, strong focus on sustainability and emission reduction is further supporting market expansion.

Key players in the market

Some of the key players in Refractory Materials Market include RHI Magnesita, Vesuvius plc, Morgan Advanced Materials, Saint-Gobain, HarbisonWalker International, Calderys, Krosaki Harima, IFGL Refractories, Shinagawa Refractories, CoorsTek, Refratechnik Group, Toyo Tanso, Puyang Refractories Group, Resco Products, Chosun Refractories, and Magnezit Group.

Key Developments:

In December 2025, Morgan Advanced Materials issued a strategy update reinforcing innovation and sustainability, investing in advanced ceramics and refractories to support energy transition and industrial efficiency across multiple sectors.

In November 2025, Vesuvius announced stable performance amid weak steel and foundry demand, highlighting growth in advanced refractories and continued focus on circular economy initiatives and waste reduction strategies.

In July 2025, RHI Magnesita reported resilient H1 2025 results despite industrial project delays, emphasizing strategic actions to counter margin pressures and maintain leadership in high-grade refractory solutions globally.

Types Covered:

• Bonding Type
• Resistance Type

Material Types Covered:

• Clay Refractories
• Non-Clay Refractories
• High-Alumina Refractories
• Silica Refractories
• Magnesia Refractories
• Zirconia Refractories

Forms Covered:

• Bricks
• Monolithics
• Castables
• Ramming Mixes
• Mortars & Coatings

Installation Methods Covered:

• Precast Shapes
• Gunning
• Troweling
• Pump Casting
• Vibration Casting

End Users Covered:

• Metal Producers
• Cement Manufacturers
• Glass Companies
• Petrochemical Refineries
• Industrial Furnaces Operators

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Refractory Materials Market, By Type

• 5.1 Introduction
• 5.2 Bonding Type
  • 5.2.1 Chemical Bonded
  • 5.2.2 Ceramic Bonded
  • 5.2.3 Resin Bonded
  • 5.2.4 Hydraulic Bonded
• 5.3 Resistance Type
  • 5.3.1 Alkaline Resistance
  • 5.3.2 Thermal Shock Resistance

6 Global Refractory Materials Market, By Material Type

• 6.1 Introduction
• 6.2 Clay Refractories
• 6.3 Non-Clay Refractories
• 6.4 High-Alumina Refractories
• 6.5 Silica Refractories
• 6.6 Magnesia Refractories
• 6.7 Zirconia Refractories

7 Global Refractory Materials Market, By Form

• 7.1 Introduction
• 7.2 Bricks
• 7.3 Monolithics
• 7.4 Castables
• 7.5 Ramming Mixes
• 7.6 Mortars & Coatings

8 Global Refractory Materials Market, By Installation Method

• 8.1 Introduction
• 8.2 Precast Shapes
• 8.3 Gunning
• 8.4 Troweling
• 8.5 Pump Casting
• 8.6 Vibration Casting

9 Global Refractory Materials Market, By End User

• 9.1 Introduction
• 9.2 Metal Producers
• 9.3 Cement Manufacturers
• 9.4 Glass Companies
• 9.5 Petrochemical Refineries
• 9.6 Industrial Furnaces Operators

10 Global Refractory Materials Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 RHI Magnesita
• 12.2 Vesuvius plc
• 12.3 Morgan Advanced Materials
• 12.4 Saint-Gobain
• 12.5 HarbisonWalker International
• 12.6 Calderys
• 12.7 Krosaki Harima
• 12.8 IFGL Refractories
• 12.9 Shinagawa Refractories
• 12.10 CoorsTek
• 12.11 Refratechnik Group
• 12.12 Toyo Tanso
• 12.13 Puyang Refractories Group
• 12.14 Resco Products
• 12.15 Chosun Refractories
• 12.16 Magnezit Group