Refractory Materials Market Report 2025 (Global Edition)

Global Refractory Materials Market Report 2025 Market Size Split by Form Outlook: (Shaped, Unshaped), by Chemical Composition Outlook: (Alumina, Silica, Magnesia, Fireclay, Others), by Chemistry Outlo...

Refractory Materials Market Report Description

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Refractory Materials Market Insights Video

Competitive Landscape of the Refractory Materials Market

The market for refractory materials is extremely competitive, with major companies emphasizing technological improvements, sustainability, and innovation. Major corporations through broad product portfolios, acquisitions, and strategic alliances. By providing affordable solutions, emerging companies in the Asia-Pacific region influence market dynamics. Additionally, the steel, cement, and glass sectors’ need for high-performance materials fuels competition, pushing businesses to create long-lasting and environmentally friendly refractories in order to hold market share./p> In October 2024, MIRECO extends its industrial footprint to Italy by acquiring Refrattari Trezzi, an expert in refractory recycling from Italy. RHI Magnesita, the global leader in refractories, and its joint venture, MIRECO, the top refractory recycling platform in Europe, are taking a significant step toward their decarbonization goals with the acquisition of Refrattari Trezzi. (Source: https://www.rhimagnesita.com/mireco-acquires-italian-refractory-recycling-specialist-refrattari-trezzi-and-expands-production-footprint-to-italy/) In October 2024, HWI, a division of Calderys, one of the top providers of refractory goods and services in the US, revealed plans to build a new facility for producing lightweight Monolithics at its Rotary Kiln complex in Fulton, Missouri. The modern facility, which is expected to open in mid-2025, is a significant investment in Calderys Group’s expansion plan for the Americas. (Source: https://calderys.com/news-and-media/hwi-member-calderys-announces-construction-new-state-art-lightweight-monolithics In July 2023, IFGL Refractories is pleased to announce that the establishment of a new continuous casting refractories production plant has been approved by the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL). With an installed capacity of 240,000 pieces annually, the new Odisha facility is consistent with our overarching plan to accommodate the anticipated expansion of the domestic Indian steel industry. (Source: https://ifglgroup.com/media/news/ifgl-gets-approval-for-new-continuous-casting-refractories-manufacturing-facility-at-odisha/

Top Companies Market Share in Refractory Materials Industry: (In no particular order of Rank)

• Calderys
• Krosaki Harima Corporation
• SHINAGAWA REFRACTORIES CO.
• LTD.
• Morgan Advanced Materials plc
• RHI Magnesita GmbH
• Saint-Gobain
• Lanexis Enterprises (P) Ltd.
• IFGL Refractories Limited.
• Vitcas
• AGC Inc.
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Refractory Materials Market

Which Region Dominates the Refractory Materials Market in 2024?

According to Cognitive Market Research, North America currently dominates the refractory materials market, and the region is expected to have significant growth during the projected period. This is because of its sophisticated industrial infrastructure, robust cement and steel industries, and increased emphasis on energy-efficient technologies. Additionally, innovation in recyclable and environmentally friendly refractory materials is fueled by the region’s emphasis on sustainability. Significant market growth is also anticipated to be fueled by investments in industrial expansion and infrastructure development over the forecast period.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) as a result of major infrastructure developments, fast industrialization, and rising demand from the glass, cement, and steel industries. Significant investments in manufacturing, urbanization, and the development of energy-efficient technology in nations like China and India fuel growth. Furthermore, helping the market boom in the area are technical developments in refractory materials tools.

The current report Scope analyzes Refractory Materials Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Refractory Materials

According to Cognitive Market Research, the global refractory materials market size was estimated at USD 21524.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 8609.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Refractory materials market with a market size of USD 6793.13 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. The U.S. market's stringent governmental regulations.
• The Canada Refractory materials market had a market share of USD 1033.18 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada’s technological development in the steel industry.
• The Mexico Refractory materials market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 783.49 million in 2024.

Europe Refractory Materials

According to Cognitive Market Research, the global Refractory materials market size was estimated at USD 21524.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 6457.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• The United Kingdom Refractory materials market had a market share of USD 1084.83 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. In the UK, Refractory materials sales witness an upswing due to the increasing industrialization.
• The France Refractory materials market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 594.08 million in 2024.
• According to Cognitive Market Research, the German Refractory materials market size was valued at USD 1278.56 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. In Germany, refractory materials surged due to the major market players.
• The Italy Refractory materials market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 555.33 million in 2024.
• The Russian refractory materials market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 1000.89 million in 2024.
• The Spain Refractory materials market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 529.50 million in 2024
• The Luxembourg Refractory materials market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 200.18 million in 2024.
• The Portugal Refractory materials market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 135.60 million in 2024.
• The Greece Refractory materials market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 77.49 million in 2024.
• The Rest of Europe's Refractory materials market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 1000.89 million in 2024.

Asia Pacific Refractory Materials

According to Cognitive Market Research, the global Refractory materials market size was estimated at USD 21524.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 4950.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Refractory materials market size was valued at USD 2227.79 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Refractory materials surged in China due to the presence of major market players.
• The Japan Refractory materials market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 683.19 million in 2024.
• The India Refractory materials market had a market share of USD 594.08 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. India's rising population.
• The South Korean Refractory materials market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 495.06 million in 2024.
• The Australian Refractory materials market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 257.43 million in 2024.
• The Southeast Asia Refractory materials market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 341.59 million in 2024.
• The Rest of Asia Pacific Refractory materials market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 351.50 million in 2024.

South America Refractory Materials

According to Cognitive Market Research, the global Refractory materials market size was estimated at USD 21524.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1076.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Refractory materials market size was valued at USD 460.62 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Refractory materials flourished in Brazil due to advancements in manufacturing activities.
• Argentina's Refractory materials market had a market share of USD 180.81 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. Argentina's rising refractory material activities .
• Colombia’s Refractory materials market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 95.78 million in 2024.
• Peru’s Refractory materials market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 88.25 million in 2024.
• Chile’s Refractory materials market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 77.49 million in 2024.
• The Rest of Latin America's Refractory materials market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 173.27 million in 2024.

Middle East and Africa Refractory Materials

According to Cognitive Market Research, the global Refractory materials market size was estimated at USD 21524.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 430.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031..

• The GCC Countries Refractory materials market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 184.25 million in 2024. Refractory materials sales flourish due to the presence of major market players.
• The Egypt Refractory materials market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 45.20 million in 2024.
• The South African Refractory materials market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 68.02 million in 2024. Refractory materials sales flourished in South Africa due to innovations in refractory material and regulatory support.
• The Turkey Refractory materials market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 37.02 million in 2024.
• The Nigeria Refractory materials market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 45.20 million in 2024.
• The Rest of the MEA Refractory materials market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 50.80 million in 2024.

Refractory Materials Market Analysis

How are Segments Performing in the Global Refractory Materials Market?

Refractory Materials Market Form Segment Analysis

According to Cognitive Market Research, shaped is likely to dominate the refractory materials market over the forecast period because it’s widely used in high-temperature settings like kilns, furnaces, and reactors in the steel, cement, and glass industries. Additionally, because of their exceptional durability, ease of installation, and ability to be customized for particular uses, shaped refractories are a popular option in industrial operations all over the world.

Unshaped is the fastest-growing segment in the refractory materials market because it’s affordable, flexible, and simple to install. Moreover, ramming mixtures are examples of materials that provide exceptional heat resistance and versatility for intricate designs and repairs. Additionally, their increasing demand in sectors including petrochemicals, steel, and cement contributes to the segment’s rapid expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Refractory Materials Industry. Request a Free Sample PDF!

Refractory Materials Market Chemical Composition Segment Analysis

According to Cognitive Market Research, the silica segment holds the largest share of the market because it’s affordable and has great heat resistance. Silica is perfect for use in foundries, steel mills, and glass making because of its high melting point and durability. Moreover, it is a leading material in the industry because of its broad availability and adaptability for high-temperature situations, maintaining its market growth.

In the refractory materials market, magnesia has been expanding at a rapid pace because of its high melting point, excellent endurance in challenging conditions, and remarkable heat resistance. Additionally, magnesia is becoming more and more popular in the steel, cement, and glass industries due to its resistance to chemical corrosion and high temperatures, which makes it essential for refractory materials industrial systems.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Refractory Materials Chemistry Outlook: Segment Analysis

Refractory Materials Market Chemistry Segment Analysis

According to Cognitive Market Research, the basic segment dominates the market because of its exceptional resistance to chemical corrosion and high temperatures, which makes it perfect for demanding applications in the cement and steel industries. Additionally, commonly utilized materials in this sector, such as dolomite and magnesia, guarantee efficiency and durability, which propels their broad market position, maintaining its market growth.

The neutral is projected to be the fastest-growing segment in the refractory materials market because of its adaptability and resistance to both basic and acidic environments. Moreover, the steel, glass, and cement industries employ materials like alumina and chromite extensively because of their exceptional thermal stability and durability, which make them perfect for a variety of refractory material applications in different industrial sectors.

• Acidic
• Basic
• Neutral

Refractory Materials End-Use Outlook: Segment Analysis

Refractory Materials Market End-Use Segment Analysis

According to Cognitive Market Research, the steel segment holds the largest share of the market because of the great need for refractory materials in steelmaking equipment, including converters, furnaces, and ladles. Moreover, the demand for strong, heat-resistant materials to endure high temperatures and corrosive conditions, which guarantees productivity and lifespan in steel production processes, is what propels the segment’s growth.

In the refractory materials market, metals and metallurgy have been expanding at a rapid pace because of the growing need for high-performance materials in the operations of casting, smelting, and refining. Additionally, refractories’ widespread use in sectors including copper, aluminium, and non-ferrous metal production is fueled by their capacity to tolerate high temperatures and chemical corrosion, all of which are essential for effective refractory materials operations.

• Metals and Metallurgy
• Steel
• Ferrous and Non-Ferrous
• Cement
• Glass and Ceramics
• Power Generation
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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