Refractories Market Worth 36.17 Billion USD by 2022

PUNE, India, May 29, 2017 /PRNewswire/ --

The report "Refractories Market by Form (Shaped, Unshaped), Alkalinity (Acidic & Neutral, Basic), End-Use Industry (Iron & Steel, Glass, Cement, Non Ferrous Metal), and Region (Asia-Pacific, North America, Western Europe) - Global Forecast to 2022", published by MarketsandMarkets™, the global market is projected to reach USD 36.17 Billion by 2022, at a CAGR of 3.89% between 2017 and 2022. By volume, it is projected to reach 56.83 Million tons by 2022, at a CAGR of 3.45%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 100 market data tables and 40 figures spread through 154 pages and in-depth TOC on "Refractories Market"

http://www.marketsandmarkets.com/Market-Reports/refractories-market-222632393.html
Early buyers will receive 10% customization on this report.

This growth is attributed to the increase in infrastructural developments in developing countries such as China, India, and Brazil and high growth rate witnessed by the non-metallic minerals industry. The growing demand for high-grade refractories from iron & steel industries is also an important factor driving the refractories market.

Request for Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=222632393

Unshaped refractories: The largest segment of refractories market by form 

Unshaped refractories was the largest segment of the global refractories market, by form in 2016, followed by shaped refractories. The demand for unshaped refractories is driven due to its effective and substantial usage in cement, glass, and ceramic industries. Its availability in various compositions and morphologies is expected to drive its demand globally.

Acidic & Neutral refractories: The largest segment of refractories market, by alkalinity 

Acidic & neutral refractories was the largest segment, of the global refractories market, by alkalinity in 2016. Acidic refractories are rich in silica and alumina content and are mainly used in the glass and ceramics industry, which is expected to drive the market of acidic & neutral refractories. Acidic & neutral refractories are inexpensive, which further fuels their demands globally. The usage of acidic & neutral and basic refractories majorly depends on the kind of end-use industry it is required in.