Refractories Market Size | Trending Report, Industry Share, Global Trends, Growth Potential Analysis, Key Players Positioning
Market Highlights The latest report by Market Research Future (MRFR) states that the global Refractories Market Size is expected to surge at a CAGR of 4.08% during the forecast period (2018–2025), backed by the strong growth of iron and steel production in developing countries as well as the increasing production of non-ferrous materials. The market size can expand to USD 30,820.1 million by 2025. Emerging economies such as Russia, China, Mexico, and South Africa are making massive investments in large-scale infrastructure projects, which will provide a significant boost to the iron and steel industry. The steel production in China had risen to 81,127 thousand metric ton from 76,698 thousand metric ton in May 2018 from April 2018. Also, the steel production in China was calculated to approximately 31,329.71 thousand metric tons from 1990 till 2018, an all-time high value achieved in May 2018. On that note, the consistently expanding construction sector is one of the major factors d