Refractory Materials: The Global Market, The Global Industry
Michael A. Deneen and Andrew C. Gross
Vol. 45, No. 4 (October 2010), pp. 288-295
Published by: Palgrave Macmillan Journals
Stable URL: https://www.jstor.org/stable/23491791
Page Count: 8
You can always find the topics here!Topics: Refractory materials, Steels, Market demand, Raw materials, Bricks, Furnaces, Glass, Steelmaking
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World demand for refractory products—heat-resisting ceramic materials used in metal refining, glass making, and other high-temperature industrial applications—will be slowing down considerably from an annual rate of 10.8 percent during 2002—07 to 3.5 percent during 2007—12. Such slower growth reflects many factors, but is due primarily to: unsettled economic conditions; better efficiencies in steelmaking (which accounts for about half of all end uses of refractories); and the preference of end-users for maintenance rather than new facilities. The four key markets or end uses for refractory materials are: iron and steelmaking; other metal-making; nonmetallic materials such as glass; and an all-other category. In 2007, world refractory demand was 38.1 million metric tons valued at $22.9 billion; the corresponding figures for 2012 are projected at about 45.2 million metric tons valued at $28.5 billion. The Asia-Pacific region accounted for about 45 percent of total weight in 2007; its share by 2012 should rise to about 69 percent, with China becoming the dominant producer and consumer of refractory materials.
Business Economics © 2010 Palgrave Macmillan Journals