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Global Refractories Market to 2028: Rise in Demand for Iron and Steel in the Construction Industry Drives Growth

Global Industry Analysts Predicts the World Refractories Market to Reach $29 4 Billion by 2026

Global Refractories Market to Reach $29 3 Billion by 2026

Global Refractories Market to Reach $29.3 Billion by 2026 Amid the COVID-19 crisis, the global market for Refractories estimated at US$23.8 Billion in the year 2020, is projected to reach a revised size of US$29.3 Billion by 2026, growing at a CAGR of 3.4% over the analysis period. Bricks & Shapes, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$16.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Monolithics & Others segment is readjusted to a revised 3.8% CAGR for the next 7-year period.

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