Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Form Types (Shaped Refractories, Unshaped Refractories), By Product Types (Non-clay Refractory, Clay Refractory), By End-users (Iron & Steel, Cement, Non-Ferrous Metals, Glass, Others) And Competitive Landscape
Product Code: ETC056732 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Refractories Market is expected to register strong market proliferation in the coming time zone. Factors such as the rapidly increasing consumption of refractories in the iron & steel, power generation cement, and glass industries have led to an increased demand for Refractories in the Asia Pacific region. The increasing usage of these metals in structural applications requiring higher strength, reduced weight and resistance to chemical and atmospheric corrosion is anticipated to act as major growth driver for the Asia-Pacific refractories. Strict restrictions on the usage of refractories due to the rising environmental concerns will hamper the growth of the market, whereas the overdependence on the iron & steel industry will pose as a biggest challenge towards the Asia-Pacific refractories. Due to COVID-19, numerous countries were in lockdown, which significantly affected the Asia Pacific economy, the economic and industrial activities came to a temporary halt, and the refractories market also witnessed repercussion on account of both production and demand side factors from end-user industries, especially iron and steel and ceramics.
According to 6Wresearch, the Asia Pacific Refractories Market is likely to witness growth during 2021- 2027. China Refractories Market dominates the overall regional market owing to the increase in the travel demand which tend to require development of railways and roadways in the country along with the rising demand for non-ferrous metals for the manufacturing of castings. Rapid urbanization and industrialization in India have also boosted the Asia-Pacific refractories market growth rate. The rising government investments in the transport infrastructure and water conversation sector is expected to maintain the growth rates of the construction sector in the country. In addition to all this, the approval of “Green building evaluation standard” by the government boosted the green building market, hence benefitting the market for refractories market.
Based on product type, the Asia-Pacific refractories market is segmented into non-clay and clay. For alkalinity, the Asia-Pacific refractories market is segmented into acidic & neutral refractories and basic refractories. The Asia-Pacific refractories market is segmented into dry press process, fused cast, hand molded, formed, and unformed for manufacturing process. The increasing usage of these metals in structural applications requiring higher strength, reduced weight and resistance to chemical and atmospheric corrosion is anticipated to act as major growth driver for the Asia-Pacific refractories market.
The Asia Pacific Refractories Market report thoroughly covers the market by distribution channel, product type, and countries including China, India, Japan, Australia, Thailand, Indonesia and rest of Asia Pacific. Asia-Pacific refractories market outlook report provides an unbiased and detailed analysis of the ongoing Asia-Pacific refractories market opportunities/high growth area, trends, market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.
Asia Pacific Refractories Market is expected to register strong market proliferation in the coming time zone. Factors such as the rapidly increasing consumption of refractories in the iron & steel, power generation cement, and glass industries have led to an increased demand for Refractories in the Asia Pacific region. The increasing usage of these metals in structural applications requiring higher strength, reduced weight and resistance to chemical and atmospheric corrosion is anticipated to act as major growth driver for the Asia-Pacific refractories. Strict restrictions on the usage of refractories due to the rising environmental concerns will hamper the growth of the market, whereas the overdependence on the iron & steel industry will pose as a biggest challenge towards the Asia-Pacific refractories. Due to COVID-19, numerous countries were in lockdown, which significantly affected the Asia Pacific economy, the economic and industrial activities came to a temporary halt, and the refractories market also witnessed repercussion on account of both production and demand side factors from end-user industries, especially iron and steel and ceramics.
According to 6Wresearch, the Asia Pacific Refractories Market is likely to witness growth during 2021- 2027. China Refractories Market dominates the overall regional market owing to the increase in the travel demand which tend to require development of railways and roadways in the country along with the rising demand for non-ferrous metals for the manufacturing of castings. Rapid urbanization and industrialization in India have also boosted the Asia-Pacific refractories market growth rate. The rising government investments in the transport infrastructure and water conversation sector is expected to maintain the growth rates of the construction sector in the country. In addition to all this, the approval of “Green building evaluation standard” by the government boosted the green building market, hence benefitting the market for refractories market.
Based on product type, the Asia-Pacific refractories market is segmented into non-clay and clay. For alkalinity, the Asia-Pacific refractories market is segmented into acidic & neutral refractories and basic refractories. The Asia-Pacific refractories market is segmented into dry press process, fused cast, hand molded, formed, and unformed for manufacturing process. The increasing usage of these metals in structural applications requiring higher strength, reduced weight and resistance to chemical and atmospheric corrosion is anticipated to act as major growth driver for the Asia-Pacific refractories market.
The Asia Pacific Refractories Market report thoroughly covers the market by distribution channel, product type, and countries including China, India, Japan, Australia, Thailand, Indonesia and rest of Asia Pacific. Asia-Pacific refractories market outlook report provides an unbiased and detailed analysis of the ongoing Asia-Pacific refractories market opportunities/high growth area, trends, market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.
The Asia Pacific (APAC) titanium market is growing due to increasing demand for higher thermal efficiency in various industrial applications, including power generation and heating, as well as the growth in new construction projects. Additionally, the market will be driven by the increasing demand for refractories from the steel and other metal industries, as well as from other industrial sectors such as cement, fertilizer, and glass. Further, the Asia Pacific region is expected to be the fastest-growing region in the refractories market during the forecast period. This is due to high growth rates in China and India, which are key players in this market. Moreover, the increasing demand for Refractories in power and aluminum industries is one of the key drivers of the market growth. The increased use of these industries has led to an increase in the production of Refractories. Moreover, technological advancements are also fueling the demand for Refractories as they offer improved performance over traditional methods. Additionally, rising global temperatures are necessitating an increase in the production of Refractories, owing to their ability to withstand high temperatures. Additionally, the key factors driving this growth are increasing demand for thermal energy in various industrial sectors, growing installed capacity of thermal power plants, and increasing government spending on renewable energy. However, the refractories market faces several challenges such as high raw material prices, low efficiency levels of existing plants, and environmental concerns.
Markets Covered
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Refractories Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Refractories Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Refractories Market - Industry Life Cycle |
3.4 Asia Pacific Refractories Market - Porter's Five Forces |
3.5 Asia Pacific Refractories Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Refractories Market Revenues & Volume Share, By Form Types, 2020 & 2027F |
3.7 Asia Pacific Refractories Market Revenues & Volume Share, By Product Types, 2020 & 2027F |
3.8 Asia Pacific Refractories Market Revenues & Volume Share, By End-users, 2020 & 2027F |
4 Asia Pacific Refractories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Refractories Market Trends |
6 Asia Pacific Refractories Market, 2017 - 2027 |
6.1 Asia Pacific Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
6.2 Asia Pacific Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
6.3 Asia Pacific Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
7 China Refractories Market, 2017 - 2027 |
7.1 China Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
7.2 China Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
7.3 China Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
8 India Refractories Market, 2017 - 2027 |
8.1 India Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
8.2 India Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
8.3 India Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
9 Japan Refractories Market, 2017 - 2027 |
9.1 Japan Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
9.2 Japan Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
9.3 Japan Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
10 Australia Refractories Market, 2017 - 2027 |
10.1 Australia Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
10.2 Australia Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
10.3 Australia Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
11 Indonesia Refractories Market, 2017 - 2027 |
11.1 Indonesia Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
11.2 Indonesia Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
11.3 Indonesia Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
12 Philippines Refractories Market, 2017 - 2027 |
12.1 Philippines Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
12.2 Philippines Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
12.3 Philippines Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
13 Thailand Refractories Market, 2017 - 2027 |
13.1 Thailand Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
13.2 Thailand Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
13.3 Thailand Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
14 Malaysia Refractories Market, 2017 - 2027 |
14.1 Malaysia Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
14.2 Malaysia Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
14.3 Malaysia Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
15 Singapore Refractories Market, 2017 - 2027 |
16 Rest of Asia Refractories Market, 2017 - 2027 |
16.1 Rest of Asia Refractories Market, Revenues & Volume, By Form Types, 2017 - 2027 |
16.2 Rest of Asia Refractories Market, Revenues & Volume, By Product Types, 2017 - 2027 |
16.3 Rest of Asia Refractories Market, Revenues & Volume, By End-users, 2017 - 2027 |
17 Asia Pacific Refractories Market Key Performance Indicators |
18 Asia Pacific Refractories Market - Opportunity Assessment |
18.1 Asia Pacific Refractories Market Opportunity Assessment, By Countries, 2020 & 2027F |
18.2 Asia Pacific Refractories Market Opportunity Assessment, By Form Types, 2020 & 2027F |
18.3 Asia Pacific Refractories Market Opportunity Assessment, By Product Types, 2020 & 2027F |
18.4 Asia Pacific Refractories Market Opportunity Assessment, By End-users, 2020 & 2027F |
19 Asia Pacific Refractories Market - Competitive Landscape |
19.1 Asia Pacific Refractories Market Revenue Share, By Companies, 2020 |
19.2 Asia Pacific Refractories Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |