3 Key Insights on Competitive Landscape in Global Refractories Market REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite Presence of about ~500 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Global Refractories Market by Ken Research Refractory is a material that, at high temperatures, is resistant to decomposition by heat, pressure, or chemical attack and retains strength and form. Refractory materials can withstand heavy thermal, mechanical abrasion, and chemical corrosion at high temperatures. It is used for various industries like iron and steel, cement, glass, paper, and pulp industry. Ken Research shares 3 Key Insights on the Competitive Landscape of this high opportunity market from its latest research study. Global Players Constitute ~10% of the Total Number of Competitors, While Regional Companies Hold 30% Share in 2021. A comprehensive competitive analysis conducted during the Research Study found that the Global Refractories Market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in refractories manufacturing for multiple end-user industries. The country’s niche players in the refractories market mainly focus on strong R&D to identify and service small segments of the market in developing countries, especially in India, China, and South Asian countries. RHI Magnesita, IMERYS, and Puyang Refractories Group Co. Lt. are among the leading players in the refractories market globally. Acquisition and Mergers Drive the Major Players in formulating their key strategies Detailed comparative analysis of key competitors available within the Research Study shows that numerous companies such as IMERYS, Vesuvius PLC, Morgan Advanced Material, and more are highly focused on providing a significant number of refractories solutions and advanced techniques that can be used across end-user industries. Furthermore, Numerous companies and organizations are strategically going for multiple acquisitions and mergers. In Aug 2020, IMERYS, a company with a specialty in the mineral industry signed an agreement for the acquisition of the remaining 60% of Haznedar group, a Turkish-based high-grade monolithic refractories, and refractory bricks manufacturer. With this, it will expand into basic and acidic refractory bricks and extend its competitive production base in Turkey, strategically located between Europe, the Middle East, and Africa. In December 2021, Vesuvius PLC, a global leader in molten metal flow engineering and technology serving the steel and foundry industries acquired Universal Refractories, Inc. With this acquisition Vesuvius is likely to expand its presence amongst electric furnace steel producers, further strengthening its foundry business in North America. Covid-19 Pandemic Limited Refractories Growth, Affecting Manufacturing Plants Refractories product manufacturing declined during the Covid-19 pandemic. The initial spread of the virus led to the shutdown of iron and steel, cement, and glass manufacturing plants. The reduction of this material led to the shortage of refractories production, as the construction in various countries stopped. The manufacturing and construction industry also witnessed a shortage of employees, thus slowing down the production of cement and glass companies resulting in the decline of refractories products. According to the National Bureau of Statistics of China, in 2021, China’s investment in residential construction was valued at approx. US$ 1,745 million with a 6.4% increase compared to the previous year, thus indicating the rise in the construction industry post-pandemic, providing the growth opportunity for the refractories market. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDAx Government Initiatives, Strategies, and Investments Fueling Growth in Refractories Market The various initiatives and policies adopted by the government of India, which is likely to boost refractory manufacturing during the forecast period. As per the Indian Union Budget 2022-23, the allocation of US$ 18.84 billion in roads and US$ 26.74 billion in railways is likely to boost the demand for refractory products. Government Reforms such as “Aaatma Nirbhar Bharat” and “Make in India” programs, are expected to drive the refractories manufacturing. In July 2021, the Union cabinet approved the production-linked incentive (PLI) scheme for specialty steel. The scheme is expected to attract investment worth US$ 5.37 billion and expand specialty steel capacity by 25 million tons, to 42 million tons in FY27 from 18 million tons in FY21. For more information on the research report, refer to the below link: Top Leading Companies in Refractories Market Related Report – Global Natural Fiber Reinforced Composites Market Follow Us – LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 7 Tags: Africa Refractories Market, Asia-Pacific Refractories Market, Demand of Refractories Market, Emerging Companies in Refractories Market, Energy & Chemicals Refractories Market, Europe Refractories Market, Global Acidic Refractories Market, Global Basic Refractories Market, Global Bricks & Shaped Refractories Market, Global Cement Refractories Market, Global Ceramic Refractories Market, Global Chromite Brick Refractories Market, Global Clay Refractories Market, Global Glass Refractories Market, Global High Alumina Refractories Market, Global Magnesite Brick Refractories Market, Global Monolithic & Unshaped Refractories Market, Global Neutral Refractories Market, Global Non-Clay Refractories Market, Global Refractories Industry, Global Refractories Market, Global Refractories Market End Users, Global Refractories Market Manufacturers, Global Refractories Product Market, Global Refractories Sector, Global Silica Brick Refractories Market, Global Zirconia Brick Refractories Market, Iron & Steel Refractories Market, Key Competitors in Refractories Market, Leading Players in Refractories Market, Major Companies in Refractories Market, Middle East Refractories Market, Morgan Kaolite Monolithic Form Market, Non-Ferrous Metals Refractories Market, North America Refractories Market, Refractories Raw Material Production Companies, Refractories Raw Material Suppliers, RHI Magnesita Refractories Market, Saint-Gobain Refractories Market, Shinagawa Refractories Magnesia Brick Market, Top Leading Companies in Refractories Market, Worldwide Refractories Market