World refractories demand is to rise 3.4% yearly through 2016
Zhengzhou,China (PRWEB) February 15, 2014
iAbrasive, an international B2B trade platform for abrasives, abrasive products, diamond tools and super-abrasives, recently implies in a survey that the world refractories demand is to increase 3.4% yearly through 2016 according to the data from 2006 to 2011.
As it showed in the survey, Global refractory demand is projected to expand at a 3.4 percent annual rate through 2016 to 46.3 million metric tons, an improvement over 2006-2011 market performance. Product sales will climb 5.3 percent annually in value terms to $46.5 billion in 2016, not as strong as gains registered in recent years because of a moderation in raw material costs and refractory prices. (according to the data on http://www.freedoniagroup.com/industry-study/2985/world-refractories.htm)
Increases in refractory demand will be stimulated by an acceleration in construction and other fixed investment activity as economic conditions continue to improve, leading to stepped up output of steel, aluminum, cement, and other refractory-made goods.
A pickup in personal consumption expenditures will also result in higher demand for everything from glass containers to motor vehicles, contributing to growth in refractory sales as industry production levels rise. Greater use of refractories in chemicals manufacturing, incinerators, and a variety of other small volume markets will also help bolster overall product sales.
iAbrasive is a professional business to business trade platform for abrasives and abrasive products only. It concentrates on building up an information bridge to link domestic sellers and overseas buyers together. Here, they can exchange both information and goods without the geographical limitations.