The iron & steel end-use industry is expected to register the highest CAGR in the global Magnesia Chrome Brick market till 2025

The global Magnesia Chrome Brick market size is expected to grow from USD 2.2 billion in 2020 to USD 2.6 billion by 2025, at a CAGR of 3.0% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application in various end use industries ranging from iron & steel to the glass industry. Increasing demand from APAC will further drive the growth of the global magnesia chrome brick market.

RHI Magnesita (Austria) is the largest player in the magnesia chrome brick market, globally. In 2016, RHI AG, merged with Magnesita Refractories S.A. to form the world’s leading refractories manufacturer, RHI Magnesita N.V. The company has a good geographical presence with operations in more than 180 countries and 70 sales offices. The company has a strong product portfolio of magnesia chrome brick, which caters to various end-use industries such as glass, lime, foundry, and metallurgy. As a part of its growth strategy, the company is actively engaged in mergers & acquisitions. The company has recently announced the merger of its Indian subsidiaries (RHI India, RHI Clasil, and Orient Refractories).

Vesuvius (UK) is the second-largest player of the magnesia chrome brick market, globally. It offers its refractory products through the steel and foundry segments. The company is focused on new product developments and geographical expansions. It also invests in R&D activities. In 2017, the company inaugurated its new R&D center in Visakhapatnam, India. This R&D facility is dedicated to advanced refractories. Vesuvius has a strong product portfolio, which includes products such as magnesia chrome brick, coatings, filtration and gating system, metallurgical and pouring control systems, feeding systems, die dressings and coatings, melt treatment products, crucibles, and ceramics.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163417919

The iron & steel end-use industry is expected to register the highest CAGR in the global Magnesia Chrome Brick market during the forecast period.

The iron & steel industry will continue to lead the Magnesia Chrome Brick market. This was due to the increasing demand for infrastructure development and mounting demand for consumer goods such as automobiles. The increasing preference for high-cost, high-performance magnesia chrome brick is driven by its applications in the lining of various furnaces, ladles, and vessels, which are governed by the operating conditions at each stage in the process of manufacturing steel. Furthermore, magnesia chrome bricks are widely used for linings and insulation of the high-temperature furnaces in this industry.

APAC is expected to hold the largest market share in the global magnesia chrome brick market during the forecast period.

Asia Pacific accounted for the largest share of the magnesia chrome brick market in 2020. Factors such as the rapidly increasing consumption of magnesia chrome Brick in the iron & steel, power generation cement, and glass industries in countries such as China, Japan, India, South korea and Australia have led to an increased demand for magnesia chrome brick in the Asia Pacific region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

Imerys S.A. (France) and Omya AG (Switzerland) are the Key Players in the Calcite Market

In terms of value, the global Calcite Market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on "Calcite Market”. Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=50319659 Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK Company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate...

Who are the key manufacturers in the Ammonia Refrigerants Market?

The ammonia refrigerants market is projected to reach USD 86.5 million by 2030, at a CAGR of 5.7% from USD 55.5 million in 2022. Ammonia is one of the most efficient refrigerants available and has a wide range of uses at different temperature and capacity. In addition to being natural the use of ammonia opens up the possibility of reduced energy consumption and secures long-term costs efficiency and sustainability. Ammonia is most commonly used for air conditioning systems and refrigeration systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254343156 Market Dynamics Driver: Eco-friendly aspect to drive the market One of the biggest advantages of ammonia gas as the refrigerant is that it is safe to the environment and does not cause any depletion of the ozone layer. Due to this it won’t have to be replaced with any alternative refrigerants as is the case with number of chlorofluorocarbons (CFCs). Ammonia is the oldest of all the refri...

Digitally Printed Wallpaper Market Statistics, Trends, Growth and Demand Report 2022- 2027

The global digitally printed wallpaper market size in 2022 is estimated at USD 4.7 billion and is projected to reach USD 13.1 billion by 2027, at a CAGR of 22.4% from 2022 to 2027. The major drivers for the market include an growth in urbanization and increasing construction activities. However, rivalry from paint & coating producers limits the market growth. Moreover, the ever-increasing growth in commercial and marketing sectors is projected to boost the market for digitally printed wallpaper. Browse 162 market data Tables and 28 Figures spread through 152 Pages and in-depth TOC on "Digitally Printed Wallpaper Market by Printing Technology (Inkjet, Electrophotography), Substrate (Nonwoven, Vinyl, Paper), End-Use Sector (Non-Residential, Residential, Automotive & Transportation) and Region - Global Forecast to 2027 " Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=81489419 Key companies such as A.S. Création T...

Research Industry Expert

Search This Blog