“Rising infrastructural developments, high potential from the non-metallic minerals industry, and increasing global demand for high grade refractory is driving the refractories market”
The market size for refractories is projected to reach USD 33.7 billion by 2020, registering a CAGR of 3.9% between 2015 and 2020. With modernization, emerging economies have invested significantly in the infrastructural development. With increasing industrialization in some major economies, such as India, China, Germany, Italy, and France, the market is expected to boost further. The high potential from non-metallic minerals industry is another major driver boosting the growth of refractories, globally. Cement, ceramics, glass, and lime are majorly used non-metallic minerals in infrastructural and construction sectors, thus using refractories in their production processes.
Complete report on global Refractories Market spread across 158 pages, profiling 10 companies and supported with 81 tables and 67 figures is now available at http://www.rnrmarketresearch.com/refractories-market-by-type-shaped-and-unshaped-refractories-by-chemical-composition-acidic-neutral-and-basic-refractories-by-end-use-industry-iron-steel-cement-glass-non-ferrous-metals-by-region-trends-forecasts-to-2020-market-report.html .