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Coronavirus Outbreak: Russia refractories market

This large scale Russia refractories market report underlines the moves of key market players like product launches, joint ventures, developments, mergers and acquisitions which is affecting the market and Chemical and Materials Industry as a whole and also affecting the sales, import, export, revenue and CAGR values. This market document takes into consideration diverse segments of the market analysis that today’s business ask for. The base year for calculation in the report is taken as 2019 whereas the historic year is 2018 which will tell how the Russia refractories market is going to perform in the forecast years by informing what the market definition, classifications, applications, and engagements are.

Russia refractories market survey endows key information about the Chemical and Materials industry, including very helpful and important facts and figures, expert opinions, and the latest developments across the globe. Moreover, this industry analysis report solves the purpose of validating the information that has been gathered through internal or primary research. This report helps to be there on the right track by making focus on the data and realities of the industry. It is a professional and comprehensive report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

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Russia Refractories Market, By Alkalinity (Acidic & Neutral Refractories, Basic Refractories), By Product Type (Clay, Non-clay), Form Type (Monolithic, Bricks, Others), By End User (Iron and Steel, Cement and Lime, Non-ferrous, Glass, Energy and Chemicals, Others), By Fusion Temperature (Normal Refractory, High Refractory, Super Refractory), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025

Russia Refractories Market is expected to reach USD 697.07 million by 2025 from USD 552.94 million in 2017, at a CAGR of 3.0% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

The major factors contributing to the growth of the market includes factors such as increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron & steel industry.

Market Segmentation: Russia Refractories Market

  • The Russia refractories market is segmented based on alkalinity into three notable segments; acidic & neutral refractories and basic refractories. Acidic & neutral refractories segment is sub segmented into fireclay, silica, alumina, chromite, zirconia and carbon. Basic refractories are further sub segmented into magnesite and dolomite. In 2018, acidic & neutral refractories market is likely to dominate market with 72.4% shares and is estimated to reach USD 510.08 million by 2025. It is growing at the highest CAGR of 3.2% in the forecast period.
  • The Russia refractories market is segmented based on form type into three notable segments; bricks, monolithic and others. Monolithic segment is sub segmented into castable, plastic, ramming, patching, coating, refractory mortars and insulating castables. In 2018, the bricks market is estimated to dominate market with 58.5%market share and will collect around USD 404.19 million by 2025, rising with a CAGR of 2.9%. However, the monolithic market is growing at the highest CAGR of 3.4% and is expected to reach USD 252.03 million by 2025 from  195.19 in 2017.
  • The Russia refractories market is segmented based on product type into two notable segments; clay and non-clay. Non-clay segment is sub segmented into silica bricks, magnesite bricks, chromite bricks, zirconia bricks and others. Clay segment is sub segmented into fire clay, high alumina and insulating. In 2018, the clay market is estimated to dominate market with 62.4% shares and will collect around USD 439.49 million by 2025, rising with the highest CAGR of 3.2%.
  • The Russia refractories market is segmented based on fusion temperature into three notable segments; Normal Refractory (1580-1780°C), High Refractory (1780-2000 °C) and Super Refractory (>2000 °C). In 2018, the normal refractory (1580-1780°C) market is estimated to dominate market with 54.0% shares and will collect around USD 383.17 million by 2025, rising with the highest CAGR of 3.3%.
  • The Russia refractories market is segmented based on end user into six notable segments; iron & steel, cement & lime, energy & chemicals, glass, non-ferrous metal and others. In 2018, the iron & steel market is estimated to dominate market with 85.3% shares and will collect around USD 597.73 million by 2025, rising with the highest CAGR of 3.1%.

Key Drivers: Russia Refractories Market

Some of the major factors driving the market for Russia refractories market are increasing prevalence for non-metallic minerals industry, growing infrastructure in emerging countries and demand of refractories from iron & steel industry.

On the other hand, the environmental issues due to refractories are hampering the growth of the market.

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Key Points: Russia Refractories Market

Vesuvias is going to dominate the Russia refractories market followed by RHI Magnesita and Saint Gobain S.A. Some of the major players operating in this market are Morgan Advanced Materials, Shinagawa Refractories Co., Ltd., COORSTEK, INC., Refratechnic, HARBISONWALKER INTERNATIONAL, IMERYS, KROSAKI HARIMA CORPORATION, Vesuvias, IFGL Refractories Ltd., among others.

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