Dry Ramming Mass Market
Dry Ramming Mass Market Forecasts to 2030 - Global Analysis By Type (Silica-based, Magnesia-based, Alumina-based, Chromite-based, Zirconia-based and Other Types), Function (Lining, Patching, Repairing and Other Functions), Technology, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2.74 BN |
|
Projected Year Value (2030) |
US $4.89 BN |
|
CAGR (2023 - 2030) |
8.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Dry Ramming Mass Market is accounted for $2.74 billion in 2023 and is expected to reach $4.89 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Dry Ramming Mass is a refractory material crucial in the steel and iron industry. Composed of granular refractory aggregates and bonding agents, it is applied as a dry mix and then compacted in various high-temperature applications like furnaces and ladles. Its primary function is to form a protective lining, resisting extreme heat, chemical corrosion, and mechanical wear. Dry Ramming Mass ensures optimal performance in metallurgical processes, enhancing the durability and efficiency of industrial furnaces.
According to a study published by the India Brands Equity Foundation, 230 metric tons (MT) of finished steel would be used in India by 2030–31, rising from 93.43 tons (MT) in 2020–21.
Market Dynamics:
Driver:
Growing infrastructure projects
Growing infrastructure projects drive the demand for steel, a key material in construction. This surge in steel production, in turn, propels the dry ramming mass sector, as it is essential for lining furnaces in steel manufacturing. Dry ramming mass ensures optimal performance in high-temperature environments, enhancing the durability and efficiency of industrial furnaces. The robustness of this refractory material makes it indispensable for maintaining furnace integrity during the intense heat generated in steel production. Consequently, the rising need for dry ramming mass becomes integral to supporting the infrastructure boom by facilitating the reliable and continuous operation of steel manufacturing processes.
Restraint:
Complex installation process
The complex installation process of dry ramming mass stems from precise application requirements, involving skilled labor and adherence to specific procedures. Industries may opt for alternative refractory materials with simpler application processes, potentially slowing the adoption of dry ramming mass. Additionally, the intricate installation may deter potential users, particularly in regions or industries where ease of application is prioritized, adversely impacting the market's expansion and limiting its competitive advantage in certain applications.
Opportunity:
Increasing investments in foundries
Foundries extensively use dry ramming mass for lining furnaces and crucibles in metal casting processes. As foundry capacities expand, the requirement for high-quality refractories escalates, creating opportunities for dry ramming mass suppliers. Its ability to withstand extreme temperatures and provide superior performance in foundry applications positions it as a preferred choice, directly benefiting from the surge in investments within the foundry sector and fostering overall market growth.
Threat:
High cost of raw materials
Premium-quality refractory materials, that are crucial for optimal performance, contribute significantly to the overall manufacturing cost. Fluctuations in raw material prices pose challenges, making it difficult for manufacturers to maintain competitive pricing. This cost burden may deter potential buyers, compelling them to explore more cost-effective alternatives. Consequently, the market growth for dry ramming mass is hindered as the pricing constraints limit its competitiveness in comparison to other refractory materials, impacting its widespread adoption in various industrial applications.
Covid-19 Impact
The covid-19 pandemic has impacted the dry ramming mass market by disrupting global supply chains, causing production delays, and affecting demand in various industries. Lockdowns, travel restrictions, and reduced economic activities have led to a slowdown in construction and industrial projects, impacting the demand for refractory materials. Additionally, fluctuations in raw material prices and labor shortages have added challenges to the production process. The overall uncertainty and economic downturn have restrained investments, affecting the dry ramming mass market's growth during the pandemic.
The specialized dry ramming mass technologies segment is expected to be the largest during the forecast period
The specialized dry ramming mass technologies segment is estimated to have a lucrative growth, due to its advanced formulations and manufacturing processes tailored for specific high-temperature applications. These technologies focus on optimizing the refractory properties of the material, enhancing its resistance to extreme conditions. The development of specialized technologies in dry ramming mass enhances its performance in critical applications such as steel production, foundries, and non-ferrous metal industries, contributing to increased efficiency and longevity in refractory linings.
The ceramic industry segment is expected to have the highest CAGR during the forecast period
The ceramic industry segment is anticipated to witness the highest CAGR growth during the forecast period. In the ceramic industry, high-temperature resistance and excellent thermal shock properties of dry ramming mass makes it ideal for creating durable linings that withstand extreme conditions during ceramic production. The material provides a stable environment for firing processes, ensuring consistent and high-quality ceramic products. It contributes to the efficiency of ceramic manufacturing by offering reliable refractory solutions, prolonging equipment life, and maintaining optimal conditions for the production of various ceramic materials and products.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the robust industrialization, particularly in the steel and metal industries. Rising infrastructure projects, rapid urbanization, and increased manufacturing activities in countries like China and India contribute to the escalating demand for refractory materials. The burgeoning construction sector and expansion of foundries further fuel market growth. Overall, the Asia-Pacific Dry Ramming Mass market is poised for expansion, aligning with the region's dynamic economic development and industrial progress.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the presence of well-established steel, automotive, and manufacturing industries. The region's emphasis on technological advancements and adherence to stringent environmental standards boosts the adoption of high-performance refractories like dry ramming mass. Additionally, the shift towards sustainable practices and alternative materials poses challenges. Despite these factors, the European Dry Ramming Mass market benefits from a stable industrial base and a focus on quality in manufacturing processes.
Key players in the market
Some of the key players profiled in the Dry Ramming Mass Market include Vesuvius PLC, RHI Magnesita, HarbisonWalker International, Morgan Advanced Materials, Imerys, Resco Products, Saint Gobain, Dense Refractories Limited, Imperial World Trade Private Limited, Vishva Vishal Refractory Limited, Refcast Corporation, Gita Refractories Private Limited and Shenghe Refractories.
Key Developments:
In May 2022, Saint-Gobain, a global leader in building materials and construction solutions, announced collaboration with Imerys to develop next-generation refractory materials, including dry ramming mass, for the steelmaking industry. This collaboration aims to leverage the expertise of both companies to develop innovative and sustainable refractory solutions.
In January 2022, Imerys, a global leader in mineral-based solutions, acquired Kerneos, a French manufacturer of refractory products, including dry ramming mass. This acquisition strengthened Imerys' position in the refractory market and expanded its product portfolio to include a wider range of dry ramming mass solutions.
Types Covered:
• Silica-based
• Magnesia-based
• Alumina-based
• Chromite-based
• Zirconia-based
• Other Types
Functions Covered:
• Lining
• Patching
• Repairing
• Other Functions
Technologies Covered:
• Traditional Dry Ramming Mass Technology
• Advanced Refractory Technologies
• Specialized Dry Ramming Mass Technologies
• Other Technologies
Applications Covered:
• Boilers
• Containment Vessels
• Furnaces
• Ladles
• Other Applications
End Users Covered:
• Ceramic Industry
• Glass Industry
• Non-Ferrous Metal Industry
• Steel Industry
• Petrochemical Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Dry Ramming Mass Market, By Type
5.1 Introduction
5.2 Silica-based
5.3 Magnesia-based
5.4 Alumina-based
5.5 Chromite-based
5.6 Zirconia-based
5.7 Other Types
6 Global Dry Ramming Mass Market, By Function
6.1 Introduction
6.2 Lining
6.3 Patching
6.4 Repairing
6.5 Other Functions
7 Global Dry Ramming Mass Market, By Technology
7.1 Introduction
7.2 Traditional Dry Ramming Mass Technology
7.3 Advanced Refractory Technologies
7.4 Specialized Dry Ramming Mass Technologies
7.5 Other Technologies
8 Global Dry Ramming Mass Market, By Application
8.1 Introduction
8.2 Boilers
8.3 Containment Vessels
8.4 Furnaces
8.5 Ladles
8.6 Other Applications
9 Global Dry Ramming Mass Market, By End User
9.1 Introduction
9.2 Ceramic Industry
9.3 Glass Industry
9.4 Non-Ferrous Metal Industry
9.5 Steel Industry
9.6 Petrochemical Industry
9.7 Other End Users
10 Global Dry Ramming Mass Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Vesuvius PLC
12.2 RHI Magnesita
12.3 HarbisonWalker International
12.4 Morgan Advanced Materials
12.5 Imerys
12.6 Resco Products
12.7 Saint Gobain
12.8 Dense Refractories Limited
12.9 Imperial World Trade Private Limited
12.10 Vishva Vishal Refractory Limited
12.11 Refcast Corporation
12.12 Gita Refractories Private Limited
12.13 Shenghe Refractories
List of Tables
1 Global Dry Ramming Mass Market Outlook, By Region (2021-2030) ($MN)
2 Global Dry Ramming Mass Market Outlook, By Type (2021-2030) ($MN)
3 Global Dry Ramming Mass Market Outlook, By Silica-based (2021-2030) ($MN)
4 Global Dry Ramming Mass Market Outlook, By Magnesia-based (2021-2030) ($MN)
5 Global Dry Ramming Mass Market Outlook, By Alumina-based (2021-2030) ($MN)
6 Global Dry Ramming Mass Market Outlook, By Chromite-based (2021-2030) ($MN)
7 Global Dry Ramming Mass Market Outlook, By Zirconia-based (2021-2030) ($MN)
8 Global Dry Ramming Mass Market Outlook, By Other Types (2021-2030) ($MN)
9 Global Dry Ramming Mass Market Outlook, By Function (2021-2030) ($MN)
10 Global Dry Ramming Mass Market Outlook, By Lining (2021-2030) ($MN)
11 Global Dry Ramming Mass Market Outlook, By Patching (2021-2030) ($MN)
12 Global Dry Ramming Mass Market Outlook, By Repairing (2021-2030) ($MN)
13 Global Dry Ramming Mass Market Outlook, By Other Functions (2021-2030) ($MN)
14 Global Dry Ramming Mass Market Outlook, By Technology (2021-2030) ($MN)
15 Global Dry Ramming Mass Market Outlook, By Traditional Dry Ramming Mass Technology (2021-2030) ($MN)
16 Global Dry Ramming Mass Market Outlook, By Advanced Refractory Technologies (2021-2030) ($MN)
17 Global Dry Ramming Mass Market Outlook, By Specialized Dry Ramming Mass Technologies (2021-2030) ($MN)
18 Global Dry Ramming Mass Market Outlook, By Other Technologies (2021-2030) ($MN)
19 Global Dry Ramming Mass Market Outlook, By Application (2021-2030) ($MN)
20 Global Dry Ramming Mass Market Outlook, By Boilers (2021-2030) ($MN)
21 Global Dry Ramming Mass Market Outlook, By Containment Vessels (2021-2030) ($MN)
22 Global Dry Ramming Mass Market Outlook, By Furnaces (2021-2030) ($MN)
23 Global Dry Ramming Mass Market Outlook, By Ladles (2021-2030) ($MN)
24 Global Dry Ramming Mass Market Outlook, By Other Applications (2021-2030) ($MN)
25 Global Dry Ramming Mass Market Outlook, By End User (2021-2030) ($MN)
26 Global Dry Ramming Mass Market Outlook, By Ceramic Industry (2021-2030) ($MN)
27 Global Dry Ramming Mass Market Outlook, By Glass Industry (2021-2030) ($MN)
28 Global Dry Ramming Mass Market Outlook, By Non-Ferrous Metal Industry (2021-2030) ($MN)
29 Global Dry Ramming Mass Market Outlook, By Steel Industry (2021-2030) ($MN)
30 Global Dry Ramming Mass Market Outlook, By Petrochemical Industry (2021-2030) ($MN)
31 Global Dry Ramming Mass Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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