Global Refractories Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Clay and Non-Clay.

By Form;

Shaped Refractories and Unshaped Refractories.

By Alkalinity;

Acidic & Neutral Refractories - Silica Refractories, Fireclay Refractories, Alumina Refractories, Zirconia Refractories, Chromite Refractories and Carbon Refractories, Basic Refractories - Magnesite Refractories and Dolomite Refractories.

By End User;

Iron & Steel, Power Generation, Non-Ferrous Metal, Cement, Glass, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn246244864 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Refractories Market (USD Million), 2021 - 2031

In the year 2024, the Global Refractories Market was valued at USD 31,992.32 million. The size of this market is expected to increase to USD 41,256.94 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.7%.

The Global Refractories Market is a critical sector within the materials industry, focused on the production and use of materials that are capable of withstanding high temperatures and other harsh conditions without breaking down. Refractories are essential in industries such as steel, cement, glass, and non-ferrous metals, where high temperatures and abrasive conditions are commonplace. The market is driven by increasing industrialization, particularly in emerging economies, where demand for steel and other metals is growing. Refractories are required to ensure efficient production processes, as they line the interiors of furnaces, kilns, reactors, and other high-temperature processing equipment, playing a vital role in maintaining the safety and integrity of industrial operations.

The market is segmented based on product types, including clay, silica, magnesia, alumina, and others, each having specific applications depending on the temperature and chemical conditions they are designed to withstand. Clay refractories are commonly used in the steel industry, while magnesia refractories are critical in environments exposed to basic slags and molten metals. The demand for refractories in the steel production sector remains the largest, as steel manufacturing involves continuous high temperatures, and refractories are essential for maintaining energy efficiency and product quality. In addition, refractories are also increasingly used in glassmaking, cement production, and the chemical industry, which are also experiencing growth in production capacities and the need for high-performance materials.

Regionally, the Asia-Pacific region dominates the refractories market, largely due to the rapid industrialization in countries such as China and India, which are among the largest producers of steel and other metals. China alone accounts for a significant portion of the global refractories demand, driven by its vast manufacturing base and infrastructure development. Other regions, such as North America, Europe, and Latin America, also contribute to market growth, particularly in advanced manufacturing processes and innovations in refractory technologies. The global market is witnessing a trend toward the development of more sustainable and energy-efficient refractories, driven by growing environmental concerns and regulations that demand lower emissions and improved resource utilization in high-temperature industrial processes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Form
    3. Market Snapshot, By Alkalinity
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Refractories Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Industrialization and Urbanization in Emerging Economies

        2. Growth in Steel Production and Metallurgical Industries

        3. Rising Demand for Energy-Efficient and Sustainable Materials

        4. Technological Advancements in Refractory Manufacturing

      2. Restraints
        1. Volatility in Raw Material Prices
        2. High Manufacturing Costs
        3. Environmental Concerns and Regulatory Compliance
        4. Limited Availability of High-Quality Raw Materials
      3. Opportunities
        1. Rising Demand for Refractories in Non-Metallic Industries (Cement, Glass)
        2. Advancements in Refractory Recycling and Waste Minimization
        3. Expansion of High-Temperature Technologies in Emerging Markets
        4. Development of Innovative and More Durable Refractory Products

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Refractories Market, By Product, 2021 - 2031 (USD Million)
      1. Clay
      2. Non-Clay
    2. Global Refractories Market, By Form, 2021 - 2031 (USD Million)
      1. Shaped Refractories
      2. Unshaped Refractories
    3. Global Refractories Market, By Alkalinity, 2021 - 2031 (USD Million)
      1. Acidic & Neutral Refractories
        1. Silica Refractories
        2. Fireclay Refractories
        3. Alumina Refractories
        4. Zirconia Refractories
        5. Chromite Refractories
        6. Carbon Refractories
      2. Basic Refractories
        1. Magnesite Refractories
        2. Dolomite Refractories
    4. Global Refractories Market, By End User, 2021 - 2031 (USD Million)
      1. Iron & Steel
      2. Power Generation
      3. Non-Ferrous Metal
      4. Cement
      5. Glass
      6. Others
    5. Global Refractories Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Rhi Magnesita
      2. Vesuvius
      3. Krosaki Harima
      4. Shinagawa Refractories
      5. Saint-Gobain
      6. Corning Incorporated
      7. Morgan Advanced Materials
      8. Coorstek Incorporated
      9. Harbisonwalker International
      10. Imerys
      11. Chosun Refractories
  7. Analyst Views
  8. Future Outlook of the Market