Press Release
Refractories Market to Surpass USD 58.6 Billion by 2035 Amid Industrial Growth
Pune, December 30, 2025 – Global Data Route Analytics announces the release of its latest study titled “Global Refractories Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2035.” The global refractories market is projected to expand from USD 38.94 billion in 2024 to USD 58.65 billion by 2035, growing at a CAGR of 5.1%, underscoring its critical role in high-temperature industrial processes.
Refractories are vital to operational continuity and efficiency in sectors such as steel, cement, glass, non-ferrous metals, and power generation. The rise in global infrastructure development, energy demands, and advanced manufacturing activities is propelling demand for durable and high-performance refractory materials.
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Key Growth Drivers:
• Industrialization in emerging markets
• Expansion in steel and cement production
• Rising investments in glass and power sectors
• Development of eco-friendly and cost-effective refractory solutions
Market Segmentation:
• By Type: Acidic Refractories, Basic Refractories, Neutral Refractories
• By Material: Fireclay, High Alumina, Silica, Magnesite, Chrome, Zirconia, Others
• By Application: Steel, Cement, Glass, Non-Ferrous Metals, Power Generation, Others
• By End-Use Industry: Steel Manufacturing, Cement Industry, Glass Industry, Metallurgical Industry, Power Plants
• By Region: North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of MEA), South America (Brazil, Argentina, Rest of South America)
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Key Players:
• RHI Magnesita N.V.
• Vesuvius PLC
• HarbisonWalker International, Inc.
• Morgan Advanced Materials PLC
• Calderys
• Shinagawa Refractories Co., Ltd.
• Imerys
• ANH Refractories Co., Ltd.
• Saint-Gobain S.A.
• Lhoist Group
• Magnezit Group
• Corhart Refractories Inc.
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The Asia-Pacific region leads the market, with China, India, and Japan at the forefront of industrial expansion. North America and Europe are also contributing through sustainable innovations and stringent thermal process requirements.
About Global Data Route Analytics
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.
Media Contact:
Srushti Tungar
Global Data Route Analytics