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Report Overview
The global market for boiler refractory material is expected to grow at a CAGR of about 3.50% in the forecast period of 2025-2034, owing to the growing subsea drilling activities.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
Compound Annual Growth Rate
Value in USD Billion
3.5%
2025-2034
Boiler Refractory Material Market Outlook
*this image is indicative*
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Asia Pacific to be a Dominant Regional Market for Boiler Refractory Material
Asia Pacific is anticipated to be a dominant region for boiler refractory material market. Countries such as China and India in the region are the fastest-growing markets for boiler refractory material due to the increase in usage of refractories in cement, iron and steel, glass, non-ferrous metals, and other industries. The market in other countries in Southeast Asia such as Indonesia, Malaysia, Thailand, and Vietnam have also been expanding rapidly due to the rise in demand for iron and steel, cement, and glass. The proliferating demand for iron and steel from various end-use sectors such as industrial, construction infrastructure, automotive, and others, have led the iron and steel manufacturers to increase their production capacities where refractory material are widely used for temperature stability purposes. According to a report published by India Brands Equity Foundation (IBEF), India’s finished steel consumption is anticipated to increase to 230 metric tonnes by 2030-2031 from 86.3 metric tonnes in FY22 (till January). In addition to this, China's cement manufacturing sector is increasing rapidly which has forced the refractory material manufacturers to produce high quality refractory material for high temperature applications in kilns, furnaces, and incinerators.
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Market Segmentations
Refractory materials are those that are resistant to decomposition due to heat, pressure, or chemicals. Non-metallic or ceramic materials that are inorganic, heterogeneous, and porous, are used in the refractories sector. Refractories are used to line furnaces and acidic linings. They are used as kiln lining materials and as insulation to withstand high temperatures. Alpha-alumina, silicon dioxide bricks, aluminium oxide bricks, calcined alumina, white fused alumina, brown fused alumina, and other refractory materials are also used.
Based on chemical nature, the market can be divided into:
- Acidic
- Base or Alkaline
- Neutral
The various types of boiler refractory materials in the boiler refractory material market are:
- Fireclay Refractories
- High-Alumina Refractories
- Silica Refractories
- Basic Refractories
- Insulating Refractories
- Others
The regional markets for boiler refractory material can be divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Increase in the Number of Power Plants Augmenting the Market Growth
The increasing demand for electricity worldwide has triggered a high demand for new power plants. An increasing number of conventional power plants around the world are stimulating high growth in the global boiler refractory material market. Technological advancements in material sciences and chemical sciences have positively influenced the global material market in the past few years. Integration and adoption of new and emerging technologies, such as artificial intelligence (AI) and machine learning (MI), to aid in the manufacturing and distribution processes, is also anticipated to add to the market growth in the years to come. Other factors complementing the upward trajectory of the global market include rising urbanisation, increasing globalisation, and increasing demands from emerging and developing economies. Further, the growth of end-user industries such as iron and steel and the increase in demand for high-performance furnaces and boilers are expected to drive the global boiler refractory material market in the coming years.
Key Players in the Global Boiler Refractory Material Market
The report gives a detailed analysis of the following key players in the global boiler refractory material market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Green India Technologies
- TRL Krosaki
- Delta Refractories, Inc.
- Resco Products, Inc.
- CALDERYS France S.A.S.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global boiler refractory material market is projected to grow at a CAGR of 3.50% between 2025 and 2034.
The major drivers of the market include the growing manufacturing sector, technological advancements in material sciences and chemical sciences, rising urbanisation, increasing globalisation, increasing demands from emerging and developing economies, and increase in demand for high-performance furnaces and boilers.
An increase in the number of power plants and the growth of end-user industries such as iron and steel are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on chemical nature, the market includes acidic, base or alkaline, and neutral.
The various types of boiler refractory materials in the market are fireclay refractories, high-alumina refractories, silica refractories, basic refractories, and insulating refractories, among others.
The major players in the industry are Green India Technologies, TRL Krosaki, Delta Refractories, Inc., Resco Products, Inc., and CALDERYS France S.A.S., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Chemical Nature |
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| Breakup by Type |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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