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Magnesia Chrome Brick Market

Magnesia Chrome Brick - Global Market Outlook (2019 -2027)

4.6 (37 reviews)
Published: October 2020 ID: SMRC20045
4.6 (37 reviews)
Published: October 2020 ID: SMRC20045

This report covers the impact of COVID-19 on this global market

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 Chrome Brick - Global Market Outlook (2019 -2027)

 

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.

Types Covered:
• Chemically Bonded 
• Direct Bonded 
• Fused Cast 
• Fused/Rebonded 

Sales Channels Covered:
• Direct Sales
• Indirect Sales

End Users Covered:
• Cement 
• Glass 
• Iron & Steel 
• Non-Ferrous Metals 
• Power Generation 

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 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

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

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