Albany, NY (PRWEB) December 16, 2014
The report is an attempt to present an in-depth analysis of the global refractory materials market based upon a micro analysis of various market elements and a macro analysis of the major broad segments of the market. A detailed study of end-use of refractory materials in different industry sectors is also included in the report.
The report assesses the major opportunities and underlying trends in the market, along with a thorough study of factors that are currently driving the market and will drive it during the forecast period which is 2014 to 2019.
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The report segments the global refractory materials market based upon three chief factors: types of refractory materials, major applications of refractory materials and chief regional markets across the globe for refractory materials.
The report also presents a detailed overview of manufacturing processes of refractory materials, and covers details such as the melting points of pure compounds and key materials.
Global Refractory Materials Market: Executive Summary
The report states that the global refractory materials market is growing at a steady pace currently, but it has immense growth potential in the future years through wider acceptance and robust pace of innovation. Refractory materials such as ceramics and refractories, capable of withstanding high temperatures, are porous, nonmetallic, heterogenous and inorganic substances composed of a binder phase, thermally stable mineral aggregate materials and additives. The chief end-users of refractory materials are the glass, steel, non-ferrous and iron industries.
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The report states that a number of factors play important role in allowing the global refractory materials market to hold the position it currently boasts. These include the global rise in production volumes of crude steel, growth of refractory materials market in developing countries such as India and China, and robust expansion of many end-products markets.
However, the market could observe a downward thrust due to certain factors such as rising prices of raw materials in the European Union, technological changes, and low adoption rate of refractory materials from certain end-use segments.
Looking at these facts, the report forecasts that the global refractory materials market has vast growth potential for the future years. While the demand for refractory materials in countries such as will India, China, South Africa, Russia and Brazil will dominate the global market, demand for refractory materials from developed countries will remain constant during the forecast period.
A comprehensive overview of financial strategies, market shares and prospects of major businesses operating in the market is also discussed in the report, through which you can identify major competitors and potential partners in the market.
The chief businesses operating in the global refractory materials market, which are profiled in the report, include Saint Gobain, RHI AG, and Vesuvius plc., amongst others.
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