Global Refractory Material Market 2014-2018 New Research Report Added to Sandlerresearch.org
Dallas, Texas (PRWEB) June 20, 2014 -- One of the major trends in the Global Refractory Material market is the increasing number of mergers and acquisitions. The market is witnessing a large number of mergers and acquisitions and other strategic alliances, with many large players and emerging vendors considering this lucrative strategy to acquire a larger share in the market. This approach also enhances the vendors' distribution channels and improves their market reach. Thus, the growing number of mergers and acquisitions will help the market vendors remain competitive while consolidating their position at the same time.
Refractory materials are used in the refractory lining of furnaces, kilns, incinerators, and reactors. These materials have a high melting point (greater than 2768 degrees Fahrenheit). They are subjected to various conditions such as high temperature, abrasion and chemical corrosion, slag attack, and chemical reactions when they are used in refractory linings. Hence, they must be able to endure these conditions with minimal wear and tear and high reliability. The Steel industry is one of the major end-users of refractory materials.
According to the report, one of the major drivers in this Refractory Material market is the growth being witnessed in emerging markets such as China and Brazil. This in turn has increased the demand for refractory material over the past few years.
The Global Refractory Material market can be divided into two segments: Bricks and Monolithics.
Global Refractory Material Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, the EMEA region, North America, and Latin America; it also covers the Global Refractory Material market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Global Refractory Material Market: Krosaki Harima Corp, Magnesita Refratários SA, RHI AG, Vesuvius plc, Chosun Refractories Co. Ltd., Minteq International Inc, Morgan Advanced Materials plc, OCL India Ltd., Orient Abrasives Ltd., Orind Refractories Ltd, Refratechnik Group, Saint-Gobain SA.
Purchase report at http://www.sandlerresearch.org/purchase?rname=17779.
Key Market Driver
• Growth of Emerging Markets.
Key Market Challenge
• Increasing Cost of Raw Materials.
Key Market Trend
• Increasing Mergers and Acquisitions.
Further, the report states that the increasing cost of raw materials is one of the major challenges faced by the market. Raw materials account for more than 35 percent of the total cost of the manufacturing of refractory materials.
Key Questions Answered in this Report
• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Ritesh Tiwari, Sandlerresearch.org, http://www.sandlerresearch.org/, +1 (888) 391-5441, [email protected]
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