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 str...