Global refractory market will reach 42.5 million tons in 2022

Emerging market infrastructure drives the recovery of the steel and cement industry and then drives the?refractory?industry slow growth. It is expected that by 2022, the global refractory market will reach 42.5 million tons. Despite China's economic slowdown, but China as a refractory power consumption, still occupies a pivotal position. Developed countries, such as the United States, Japan and Europe are very different, they use more efficient advanced production technology.

Although the current steel industry is still the main application areas of refractory industry. But the next few years, non-ferrous metals and minerals and minerals will become the mainstay of the refractory industry. Unstable castables and preforms will receive increasing attention due to their high performance and flexibility. Zirconium / zirconia, silicon carbide, ultra-high alumina and other special?refractory materials?will become increasingly popular because of their high performance applications in special fields.
Article source: Global refractory market will reach 42.5 million tons in 2022