Refractory are characterized as various non-metallic, inorganic, porous and heterogeneous materials, which are designed to endure high industrial temperatures & pressures. Most common types of refractory materials include high alumina minerals, fireclay, silica, chromite, magnesite, etc. They consist of material-resistant materials because they are resistant to mechanical and thermal stress, corrosion from solids, liquids and gases, mechanical abrasion and the diffusion of gases. They are used in kettles and ovens to store heat and protect processing equipment from high temperatures. They come in a variety of shapes and sizes that can be pressed or molded to the dimensions required. Because of this, they are widely used in various sectors including energy, chemistry, iron & steel manufacturing, non-ferrous metals, cement, glass and ceramics.
It is expected that spray unshaped
refractory will be the fastest growing segment in the forecast period. Research
& Development (R&D) ongoing activities in this segment are attributed
to the rapid growth of the informal refractory segment. In addition,
availability of unshaped refractory in various compositions meets the specific
needs of various end-user industries, making it the fastest growing and most
preferred segment in the market.
Referring to the study, Global
Spray Unshaped Refractory Industry Research Report 2021 Segmented by Major
Market Players, Types, Applications and Countries Forecast to 2027 the key companies operating in the
global spray unshaped refractory market include Henan Rongjin High Temperature
Materials, Morgan Advanced Materials, Krosaki Harima, Harbison Walker
International, Puyang Refractories, Chosun Refractories, Magnezit,
Refratechnik, Luyang Energy-saving Materials, Saint-Gobain, Beijing Lier
High-temperature Materials, Yingkou Qinghua, Ruitai Materials, Zhejiang Zili,
Henan Rongjin High Temperature Materials, Minteq, Shinagawa Refractories and among
others. The leading market players are focusing on strengthening their sales
and distribution network in the refractory market. Key market players are also
focusing on the inorganic growth strategies for instance strategic acquisitions
supported by the organic growth strategies including manufacturing capacity
expansions across various regions to augment volume sales globally &
provide to the local demand as well.
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High growth rate witnessed by the
non-metallic minerals industry, followed by increase in infrastructural
development in emerging countries and rise in demand for high-grade refractory
from the iron & steel industry are some major factors, which are
responsible for growth of the spray unshaped refractory market. Apart from
this, monopoly of china over raw material supply and restrictions on the use of
refractory owing to growing environmental concerns may impact the market.
Moreover, recycling of refractory materials is a leading opportunity for
market.
Based on regional analysis, the
Asia-Pacific is a leading region in Global
Spray Unshaped Refractory Market owing to growth in steel, cement and
other heavy manufacturing industries across the region. The Europe and
North-America regions are estimated to witness higher growth rate due to growth
in utilization of aerospace, medical, automotive, electrical and construction
castings over the forecast period. It is projected that future of the global
spray unshaped refractory market will be bright on account of rise in
infrastructural activities coupled with growth in trend of recycling refractory
materials for manufacturing steel during the forecast period.
For More Information, refer to below link:-
Global
Spray Unshaped Refractory Market Forecast 2027
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