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The amorphous refractory market relates to the use of non-crystalline substances in industries relating to ceramics, glass and fiberglass production, and metal casting. The market is growing due to a surge in the construction, automotive, and aerospace sectors, which widely use treated steel, petrochemicals, and cement that can withstand thermal shocks. Urbanization and industrial growth in emerging economies, and innovations in production processes are also contributing to this growth.
However, growth in the space is restricted by supply chain management issues and the time-consuming nature of the production processes. These factors, coupled with governments enforcing strict environmental regulations around production, are restricting growth in the market. Despite this, the market is expected to grow substantially in the coming years due to scaling and technological optimization of production that allows for the reuse of refractory materials.
Published by Deepa Pandey
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Stats ID: | 5246 |
Format: | Databook |
Published: | October 2024 |
Delivery: | Immediate |
Stats ID: | 5246 |
Format: | Databook |
Published: | October 2024 |
Delivery: | Immediate |
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