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World Refractories

Abstract

World demand to rise 3.4% per annum through 2016

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Global refractory demand is projected to grow at a 3.4 percent annual rate through 2016 to 46.3 million metric tons, an improvement over the 2006-2011 period. Product sales will climb 5.3 percent per year in value terms to $46.5 billion in 2016, not as strong as gains registered in recent years because of a moderation in raw material costs and refractory prices.

There are three main factors that impact the world refractory market total: output levels in major end use markets, the manufacturing methods used in these industries, and the nature of the refractory products utilized. Increases in refractory demand through 2016 will be stimulated by an acceleration in construction and other fixed investment activity as economic conditions continue to improve, leading to stepped up output of steel, aluminum, cement, and other goods made using refractories. A pickup in personal consumption expenditures will also result in higher demand for everything from glass containers to motor vehicles, contributing to growth in refractory sales as industry production levels rise.


Increased use of refractories in chemicals manufacturing, incinerators, and a variety of other small volume markets will also help bolster overall product sales. However, the manufacturing methods utilized in key end use industries will continue to become more efficient, refractory technologies will improve further, and demand for longer lasting, higher end refractories will climb. This will lead to reduced intensity of usage and limit global market advances.

Global iron & steel market to dominate refractory sales

The iron and steel market will continue to dominate refractory sales worldwide, accounting for almost three-fifths of all 2016 product demand in volume terms. Gains will come primarily from a pickup in global steel output. The market for refractories used in nonferrous metals production will climb at about the same pace for similar reasons.

China to account for 72% of volume gains worldwide

Refractory sales will expand most quickly in developing areas, reflecting an ongoing shift in metals and other heavy industry production to countries with low cost structures. The Asia/Pacific region, in particular, will post the largest tonnage increases, followed by the Africa/Mideast region, Central and South America, and Eastern Europe. China alone will account for 72 percent of all refractory volume gains between 2011 and 2016, due both to additional growth in its huge steel, cement, and other heavy manufacturing industries, and the use of less sophisticated production methods in steelmaking and other important markets than those used in economically advanced nations.

The volume of refractories consumed will also rise in the US, Western Europe, and Japan following an extended period of decline, as economic conditions grow stronger in these areas and output of ferrous metals and other refractory-using products rebounds. Output gains in these areas are more likely to result in higher refractory demand because the manufacturing techniques utilized are already so efficient that it will be much more difficult to reduce refractory consumption on a per unit output basis than in less developed countries. Due to their greater use of more costly, high quality products, the US, Western Europe, and Japan will account for a somewhat larger share of the world refractory market total in dollar terms (19 percent in 2016) than they will in tonnage (14 percent).

Study coverage

This upcoming Freedonia industry study, World Refractories, presents historical demand data (2001, 2006, 2011) plus forecasts for 2016 and 2021 by form, material, and market in six regions and 23 countries. The study also assesses key market environment factors, evaluates company market share and profiles 50 industry competitors worldwide.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • World Macroeconomic Overview
    • Recent Historical Trends
    • World Economic Outlook
  • World Fixed Investment Trends
  • World Manufacturing Outlook
  • World Crude Steel Outlook
  • World Glass Outlook
    • Container Glass
    • Flat Glass
  • World Cement Outlook
  • Pricing Trends
  • Technology
    • Basic Refractory Properties
    • Refractory Shapes & Forms
    • Refractory Materials
    • Other Technological Developments

III. OVERVIEW

  • Overall
  • Regional Overview
    • Demand
    • Production
    • International Trade
  • Demand by Market
    • Iron & Steel
      • Steelmaking Technology
      • Steel Refractory Manufacturers & Products
  • Nonferrous Metals
  • Nonmetallic Minerals
  • Other
  • Demand by Form
    • Bricks & Shapes
    • Monolithics & Other
  • Demand by Material
    • Clay
    • Nonclay

IV. NORTH AMERICA

  • North America: General
  • North America: Refractory Supply & Demand
  • North America: Refractory Outlook & Suppliers
  • United States
  • Canada
  • Mexico

V. WESTERN EUROPE

  • Western Europe: General
  • Western Europe: Refractory Supply & Demand
  • Western Europe: Refractory Outlook & Suppliers
  • Germany
  • Italy
  • France
  • Spain
  • United Kingdom
  • Other Western Europe
    • Belgium
    • Austria
    • All Other

VI. ASIA/PACIFIC

  • Asia/Pacific: General
  • Asia/Pacific: Refractory Supply & Demand
  • Asia/Pacific: Refractory Outlook & Suppliers
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Australia
  • Other Asia/Pacific

VII. OTHER REGIONS

  • Central & South America
    • Refractory Supply & Demand
    • Refractory Outlook & Suppliers
    • Brazil
    • Other Central & South America
  • Eastern Europe
    • Refractory Supply & Demand
    • Refractory Outlook & Suppliers
    • Russia
    • Ukraine
    • Poland
    • Other Eastern Europe
  • Africa/Mideast
    • Refractory Supply & Demand
    • Refractory Outlook & Suppliers
    • Turkey
    • Iran
    • South Africa
    • Other Africa/Mideast

VIII. INDUSTRY STRUCTURE

  • General
  • Market Share
    • Leading Refractory Producers
    • Leading Raw Material Suppliers
  • Product Development & Manufacturing
  • Marketing & Distribution
  • Cooperative Agreements
  • Financial Issues & Requirements
  • Mergers, Acquisitions, & Industry Restructuring

COMPANY PROFILES

  • Alcoa Incorporated
  • Allied Mineral Products Incorporated
  • Almatis GmbH
  • Alteo Holding
  • AluChem Incorporated
  • American Precast Refractories, see Allied Mineral Products
  • ANH Refractories Company
  • Bosai Minerals Group Company Limited
  • BURTON GmbH & Company KG
  • Calderys, see Imerys
  • Calucem GmbH
  • Carborundum Universal Limited
  • C-E Minerals, see Imerys
  • Chamottes Europe BU, see Imerys
  • China GengSheng Minerals Incorporated
  • China National Bluestar Group Company Limited
  • Chosun Refractories Company Limited
  • Clayburn Industrial Group Limited
  • CoorsTek Incorporated
  • Corning Incorporated
  • DAMREC sas, see Imerys
  • DSF Refractories & Minerals Limited
  • Dyson Group plc
  • Elkem, see China National Bluestar Group
  • ESK-SiC GmbH
  • Guizhou Kaifeng Mining, see Bosai Minerals Group
  • Haicheng Houying Corporation Limited
  • Harbison-Walker Refractories, see ANH Refractories
  • Imerys SA
  • Jiachen Group
  • Kerneos, see Materis Holding Luxembourg
  • Krosaki Harima Corporation
  • Krosaki Magnesita Refractories, see Krosaki Harima and Magnesita Refratários
  • Kümaş Manyezit Sanayi AŞ
  • Kyanite Mining Corporation
  • Lhoist SA
  • Liaoning Jinding Magnesite Group Company Limited
  • Magnesita Refratários SA
  • Materis Holding Luxembourg SA
  • Metallurgica, see Vesuvius
  • Minerals Technologies Incorporated
  • Minteq International, see Minerals Technologies
  • Morgan Crucible Company plc
  • North American Refractories, see ANH Refractories
  • OCL India Limited
  • Orkla ASA
  • Puyang Refractories Group Company Limited
  • Qinghua Refractories Company Limited
  • Rath AG
  • Refractory Specialties, see Unifrax I
  • Refratechnik Holding GmbH
  • Resco Products Incorporated
  • RHI AG
  • Rio Tinto Group
  • Saffil, see Unifrax I
  • Saint-Gobain
  • SANAC SpA
  • Shandong Luyang Share Company Limited
  • Shandong Refractories Group Company Limited
  • Shinagawa Refractories Company Limited
  • Shin-Nippon Thermal Ceramics, see Krosaki Harima and Morgan Crucible
  • Sinosteel Refractory Company Limited
  • Specialty Ceramics, see Unifrax I
  • Timcal, see Imerys
  • Treibacher Schleifmittel, see Imerys
  • TYK Corporation
  • Unifrax I LLC
  • United Company RUSAL
  • VacuForm, see Unifrax I
  • Vesuvius plc
  • Xiyang Group Company Limited
  • Other Companies Mentioned in Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • 1 World Gross Domestic Product by Region
  • 2 World Gross Fixed Investment by Region
  • 3 World Manufacturing Value Added by Region
  • 4 World Crude Steel Production by Region
  • 5 World Container Glass Demand by Region
  • 6 World Flat Glass Production by Region
  • 7 World Cement Production by Region
  • 8 World Refractory Prices

SECTION III -- OVERVIEW

  • 1 World Refractory Volume Demand by Region
  • 2 World Refractory Value Demand by Region
  • 3 World Refractory Shipments by Region
  • 4 World Refractory Net Exports by Region
  • 5 World Refractory Demand by Market
  • 6 World Iron & Steel Refractory Demand by Region
  • 7 World Nonferrous Metals Refractory Demand by Region
  • 8 World Nonmetallic Minerals Refractory Demand by Region
  • 9 World Other Markets Refractory Demand by Region
  • 10 World Refractory Demand by Form
  • 11 World Brick & Shape Refractory Demand by Region
  • 12 World Monolithics & Other Refractory Demand by Region
  • 13 World Refractory Demand by Material
  • 14 World Clay Refractory Demand
  • 15 World Nonclay Refractory Demand

SECTION IV -- NORTH AMERICA

  • 1 North America: Refractory Supply & Demand
  • 2 North America: Refractory Demand by Form, Material, & Market
  • 3 United States: Refractory Supply & Demand
  • 4 United States: Refractory Demand by Form, Material, & Market
  • 5 Canada: Refractory Supply & Demand
  • 6 Canada: Refractory Demand by Form, Material, & Market
  • 7 Mexico: Refractory Supply & Demand
  • 8 Mexico: Refractory Demand by Form, Material, & Market

SECTION V -- WESTERN EUROPE

  • 1 Western Europe: Refractory Supply & Demand
  • 2 Western Europe: Refractory Demand by Form, Material, & Market
  • 3 Germany: Refractory Supply & Demand
  • 4 Germany: Refractory Demand by Form, Material, & Market
  • 5 Italy: Refractory Supply & Demand
  • 6 Italy: Refractory Demand by Form, Material, & Market
  • 7 France: Refractory Supply & Demand
  • 8 France: Refractory Demand by Form, Material, & Market
  • 9 Spain: Refractory Supply & Demand
  • 10 Spain: Refractory Demand by Form, Material, & Market
  • 11 United Kingdom: Refractory Supply & Demand
  • 12 United Kingdom: Refractory Demand by Form, Material, & Market
  • 13 Other Western Europe: Refractory Supply & Demand
  • 14 Other Western Europe: Refractory Demand by Form, Material, & Market
  • 15 Other Western Europe: Refractory Supply & Demand by Country

SECTION VI -- ASIA/PACIFIC

  • 1 Asia/Pacific: Refractory Supply & Demand
  • 2 Asia/Pacific: Refractory Demand by Form, Material, & Market
  • 3 China: Refractory Supply & Demand
  • 4 China: Refractory Demand by Form, Material, & Market
  • 5 India: Refractory Supply & Demand
  • 6 India: Refractory Demand by Form, Material, & Market
  • 7 Japan: Refractory Supply & Demand
  • 8 Japan: Refractory Demand by Form, Material, & Market
  • 9 South Korea: Refractory Supply & Demand
  • 10 South Korea: Refractory Demand by Form, Material, & Market
  • 11 Taiwan: Refractory Supply & Demand
  • 12 Taiwan: Refractory Demand by Form, Material, & Market
  • 13 Australia: Refractory Supply & Demand
  • 14 Australia: Refractory Demand by Form, Material, & Market
  • 15 Other Asia/Pacific: Refractory Supply & Demand
  • 16 Other Asia/Pacific: Refractory Demand by Form, Material, & Market

SECTION VII -- OTHER REGIONS

  • 1 Central & South America: Refractory Supply & Demand
  • 2 Central & South America: Refractory Demand by Form, Material, & Market
  • 3 Brazil: Refractory Supply & Demand
  • 4 Brazil: Refractory Demand by Form, Material, & Market
  • 5 Other Central & South America: Refractory Supply & Demand
  • 6 Other Central & South America: Refractory Demand by Form, Material, & Market
  • 7 Eastern Europe: Refractory Supply & Demand
  • 8 Eastern Europe: Refractory Demand by Form, Material, & Market
  • 9 Russia: Refractory Supply & Demand
  • 10 Russia: Refractory Demand by Form, Material, & Market
  • 11 Ukraine: Refractory Supply & Demand
  • 12 Ukraine: Refractory Demand by Form, Material, & Market
  • 13 Poland: Refractory Supply & Demand
  • 14 Poland: Refractory Demand by Form, Material, & Market
  • 15 Other Eastern Europe: Refractory Supply & Demand
  • 16 Other Eastern Europe: Refractory Demand by Form, Material, & Market
  • 17 Africa/Mideast: Refractory Supply & Demand
  • 18 Africa/Mideast: Refractory Demand by Form, Material, & Market
  • 19 Turkey: Refractory Supply & Demand
  • 20 Turkey: Refractory Demand by Form, Material, & Market
  • 21 Iran: Refractory Supply & Demand
  • 22 Iran: Refractory Demand by Form, Material, & Market
  • 23 South Africa: Refractory Supply & Demand
  • 24 South Africa: Refractory Demand by Form, Material, & Market
  • 25 Other Africa/Mideast: Refractory Supply & Demand
  • 26 Other Africa/Mideast: Refractory Demand by Form, Material, & Market

SECTION VIII -- INDUSTRY STRUCTURE

  • 1 Finished Refractory Sales by Company, 2011
  • 2 Selected Cooperative Agreements
  • 3 Selected Acquisitions & Divestitures
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