REFRACTORIES MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Apart from steel, refractory materials are critical to several other high temperature metal manufacturing processes. Non-ferrous metals like aluminum, copper, zinc, nickel and titanium have wide end-use applications ranging from transportation, packaging to machinery. Their production typically involves complex metallurgical reactions at high temperatures well above 1,000 degrees Celsius. Under such harsh operating conditions, refractory linings are indispensable to shield the core processing equipment.

Aluminum production has been on an upward growth path supported by the exponential increase in its usage across different sectors over the last decade. Stringent environmental regulations are also inducing shift towards aluminum from other metals. On the other hand, consumption of copper continues to be driven by electrical industry, construction, and consumer electronics.