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Bharat Book Bureau Publishes World Refractories Market Prospects and its Opportunities - Bharatbook.com added a new report on
Bharat Book Bureau Publishes World Refractories Market Prospects and its Opportunities

 

NewswireToday - /newswire/ - Navi Mumbai, Maharashtra, India, 2013/04/04 - Bharatbook.com added a new report on "World Refractories to 2016" assesses key market environment factors, evaluates company market share and profiles of 50 industry competitors worldwide - BharatBook.com.

   
 
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World demand to rise 3.4% per annum through 2016

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.

 
 
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Bharat Book Bureau Publishes World Refractories Market Prospects and its Opportunities

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