Magnesia Chrome Brick - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Magnesia Chrome Brick Market is accounted for $2.10 billion in 2019 and is expected to reach $3.20 billion by 2027 growing at a CAGR of 5.4% during the forecast period. Some of the factors such as high growth rate witnessed by the non-metallic minerals industry and growing demand for high-grade magnesia chrome bricks from the iron & steel industry are propelling the market growth. However, monopoly of china over raw material supply is hampering the market growth.
Magnesia chromes bricks are generally utilized in cement kilns and non-ferrous furnaces. Magnesite chrome brick consist of magnesium oxide and chromium oxide as the main component, periclase and spinel as most important mineral components of refractory products.
Based on the end user, the iron & steel segment is going to have a lucrative growth during the forecast period due to the rising demand for infrastructure development and mounting command for consumer goods such as automobiles.
By geography, Asia Pacific is estimated to have a lucrative growth due to the factors such as rapidly growing consumption of Magnesia chrome brick in the iron & steel, power generation cement, and glass industries in countries such as China, India, Japan, Australia and South Korea have led to a better command for Magnesia chrome brick in this region.
Some of the key players profiled in the Magnesia Chrome Brick Market include Calderys, Chosun Refractories Co. Ltd, Gita Refractories, Harbisonwalker International, KT Refractories, Magnezit Group, Mayerton, Minerex India, Qinghua Refractories co. Ltd, Resco Products, RHI Magnesita, RS Kiln Refractory Company, Ruitai Materials Technology, Shinagawa Refractories, and Vesuvius.
• Chemically Bonded
• Direct Bonded
• Fused Cast
Sales Channels Covered:
• Direct Sales
• Indirect Sales
End Users Covered:
• Iron & Steel
• Non-Ferrous Metals
• Power Generation
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2018, 2019 2020, 2024, and 2027
- 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
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