Pune, India -- (SBWire) -- 09/30/2016 --The report "FRP Rebar Market by Resin Type, by Fiber Type, by Application (Highways, Bridges, & Buildings, Marine Structures & Waterfronts, Water Treatment Plants, and Others) - Global Forecasts to 2021", The global fiber reinforced polymer (FRP) rebars market is projected to reach USD 91.00 Million by 2021, registering a CAGR of 11.4% between 2016 and 2021. This growth is fueled by the increasing demand for the renovation and strengthening of new and existing structurally deficient bridges, and growing application of FRP rebars in other applications such as marine structures & water fronts, and water treatment plants globally.
Browse 81 market data tables with 60 figures spread through 155 pages and in-depth TOC on "Refractories Market - Trends & Forecasts to 2020"
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The Global Refractories Market is projected to reach USD 33.7 Billion by 2020, registering a CAGR of 3.9% between 2015 and 2020.
Shaped refractories: The largest form of refractories
Owing to the ability to withstand high temperatures, high mechanical strength, high abrasion resistance, and sensible porosity, shaped refractories are used in various industries, majorly in glass, iron & steel, and cement industries. The major applications of these refractories are, as linings in high temperature furnaces, boilers, nuclear reactors, cement kilns, and rotators used in various manufacturing industries such as iron & steel, glass, cement and many more among others, which are expected to drive the market. The growing infrastructural development all across the globe is expected to significantly boost the consumption of shaped refractories in coming future.
Iron & Steel: The largest end-use industry for refractories
The iron & steel industry is the largest end-use industry of refractories globally. As refractories are characterized with lightweight, high temperature sustainability, and robustness, therefore they are ideal for linings and insulation of the high temperature furnaces used in iron & steel industry. Additionally, the increasing infrastructure and construction activities in the developing economies such as India, Brazil, Mexico, Russia, and other economies worldwide are contributing abundantly to the steel consumption and henceforth increasing refractories usage.
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Asia-Pacific: The largest market for refractories
Asia-Pacific is the global forerunner in refractories market, in terms of value and volume, and the trend is expected to continue till 2020. The countries in this region such as China and India are the fastest-growing markets for refractories, due to significantly increasing usage of refractories in iron & steel, cement, glass, non-ferrous metals, and other industries. South East Asia, with countries including Indonesia, Malaysia, Thailand, and Vietnam, is also a rapidly growing market for refractories. This growth is mainly due to the increasing demand for cement, iron & steel, cement and glass mainly in construction, automotive and other manufacturing sectors in Asia-Pacific.
Major players such as Corning Incorporated (U.S.), CoorsTek Incorporated (U.S.), Magnesita Refratarios S.A (Brazil), Morgan Advanced Materials Plc (U.K.), RHI AG (Austria), Saint-Gobain S.A. (France), Shinagawa Refractories Co. Ltd (Japan), and Vesuvius Plc. (U.K.) have been profiled in the research report.
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This report covers the market by value and volume for refractories and forecasts the market size till 2020. The report includes the market segmentation by form, by chemical composition, by application, and by region. It also includes company profiles and competitive strategies adopted by the major market players in the global refractories market.
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Refractories Market Expected Value Up to 33.7 Billion USD by 2020
The global refractories market size, in terms of value, is projected to reach USD 33.7 Billion by 2020, at a CAGR of 3.9% between 2015 and 2020. The increasing demand from the iron & steel industry, increasing global demand for high grade refractories and continuous expansion by existing players are some of the key market drivers for the growth of the global market.