Refractory Market To Reach $40 Bn By 2018, According To Report

The global market for refractories is set to reach US$ 40BN in revenues by 2018, according to a new report released in October. A revival in demand from Asia, coupled with an increase in new end-market applications is expected to boost refractory sales in the next six years, according to Global Industry Analysts Inc (GIA), a US-based market intelligence firm in its new report - Refractories, A Global Strategic Business Report. Bricks, shapes, monolithics and materials (clay and non-clay) are expected to experience increased demand in the medium-term from key end-markets including steel, cement, ceramics and glass.