Refractory Materials: The Global Market, The Global Industry

World demand for refractory products—heat-resisting ceramic materials used in metal refining, glass making, and other high-temperature industrial applications—will be slowing down considerably from an annual rate of 10.8 percent during 2002—07 to 3.5 percent during 2007—12. Such slower growth reflec...

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Bibliographic Details
Published in:Business economics (Cleveland, Ohio) Ohio), 2010-10, Vol.45 (4), p.288-295
Main Authors: Deneen, Michael A., Gross, Andrew C.
Format: Article
Language:English
Subjects:
Aluminum
Bricks
Business and Management
Ceramic fibers
Ceramics
Clay
Consumption
Continuous casting
Customer relationship management
Economic aspects
Economic conditions
Economics
Economics and Finance
Focus on Industries and Markets
Forecasts and trends
Furnaces
Glass
Growth industries
Heat
International economic relations
International trade
Manufacturing
Market demand
Market trend/market analysis
Materials
Metals
Nonmetallic minerals
Political Economy/Economic Systems
Prices
Raw materials
Refractories industry
Refractory materials
Repair & maintenance
Silicon carbide
Steel industry
Steel production
Steelmaking
Steels
Studies
Supply & demand
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Summary:World demand for refractory products—heat-resisting ceramic materials used in metal refining, glass making, and other high-temperature industrial applications—will be slowing down considerably from an annual rate of 10.8 percent during 2002—07 to 3.5 percent during 2007—12. Such slower growth reflects many factors, but is due primarily to: unsettled economic conditions; better efficiencies in steelmaking (which accounts for about half of all end uses of refractories); and the preference of end-users for maintenance rather than new facilities. The four key markets or end uses for refractory materials are: iron and steelmaking; other metal-making; nonmetallic materials such as glass; and an all-other category. In 2007, world refractory demand was 38.1 million metric tons valued at $22.9 billion; the corresponding figures for 2012 are projected at about 45.2 million metric tons valued at $28.5 billion. The Asia-Pacific region accounted for about 45 percent of total weight in 2007; its share by 2012 should rise to about 69 percent, with China becoming the dominant producer and consumer of refractory materials.
ISSN:0007-666X
1554-432X
DOI:10.1057/be.2010.30