Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing the world market for refractories.
The report “World Refractories:
The 350 page report shows that growth will be supported by the increasing use of better performing, more expensive refractories, which will bolster demand in value terms. Advances will be dampened, however, by slowing steel production growth. The Asia/Pacific region is the leading consumer of refractories, and will also be the fastest-growing region in the world through 2012.
While China will account for much of the region's gains, India will also exhibit advances above the world average as well. Eastern Europe will also present opportunities, as steel manufacture increases to keep pace with the region's industrialisation.
Authors of the report note that iron and steel production is by far the largest market for refractories. Advances in this category have benefitted from increased iron and steel production in recent years compared to the late 1990s. However, the rate of refractory usage per ton of steel has continued to decline, dampening gains.
The report shows that this trend is expected to level off somewhat through 2012, improving the outlook for refractory suppliers. Refractory demand in the production of other metals will rise, benefitting from increased output of products like aluminium. Gains are also expected in the nonmetallic mineral products market, spurred by growth in the production of ceramics, cement and other mineral products, fuelling demand for associated refractories.
The report “World Refractories:
http://www.reportbuyer.com/
Report Buyer product ID: FED00263
