GERMANY ACID PROOF LINING MARKET ANALYSIS
The Germany acid proof lining market is projected to reach US$ 8.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.0% during the forecast period (2019 to 2027).
Figure 1. Germany Acid Proof Lining Market, Revenue Share (%), By Metallurgy, 2018
Figure 3. Germany Acid Proof Lining Market, Revenue Share (%), By Material Type, in 2018
On the basis of material type, in 2018, ceramic brick lining accounted the largest market share of 45.9% in terms of revenue, followed by carbon black lining and tile lining, respectively.
Market Trends
Key players in the Germany acid proof lining market are engaged in offering turnkey solutions to customers for maintaining a competitive edge in the market. In this, all the required material for installation is supplied with the placing of the acid proof lining. Moreover, manufacturer in the Germany acid proof lining is providing turnkey solutions, which also includes estimation, consulting, lining, and maintenance. This trend is expected to accelerate the growth of Germany acid proof lining market.
The growing automotive industry in Germany is another major factor expected to propel the market growth of acid proof lining. The automotive sector in Germany country is one of the largest industries and is considered as the most competitive market in the world, and has the third-highest car production in the world. Therefore, Germany is the largest market of automotive in the world is expected to raise the demand for acid proofing and thus fueling market growth.
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