Magnesia Chrome Bricks Market Overview Highlighting Major Drivers, Trends, Growth and Demand Report 2020- 2027

February 15 16:07 2021
Increasing demand for magnesia chrome bricks from the iron & steel industry is one of the significant factors influencing the market growth

The escalating adoption of robust and reliable products in the construction industry to build exceptional structures has enhanced the need for magnesia chrome bricks. The combination of magnesite and spinel as raw material, magnesium, and chromium oxide bricks are seeing widespread adoption in the iron and steel industry. The global magnesia chrome bricks market was valued at USD 2,190.7 Million in 2019 and is expected to grow at a CAGR of 2.8% to reach a valuation of USD 2,742.9 Million by 2027. 

Growth of the construction industry is one of the key factors boosting the demand for magnesia chrome bricks. Increasing population in developing nations, infrastructure development, surging demand for residential homes, and rising investments in the telecom sector are among the factors boosting the construction activities.

Download Free Sample PDF Copy Of This Report: https://www.emergenresearch.com/request-sample/448

Market Drivers

The continually evolving infrastructure in developing nations, increasing usage in glass, non-ferrous metal, and power generation industry are the main driving forces to the market. Robust material and increased durability allow the utilization of magnesium chrome bricks to protect steel kiln frames from exposure to an extremely high temperature beyond maximum tolerance. The presence of these bricks also promotes refraction of heat and reduces abrasion with a decrease in heat dispersion.

Key market participants include Calderys, Resco Products, RHI Magnesita NV, KT Refractories, Mayerton, Vesuvius, Chosun Refractories Co. Ltd., HarbisonWalker International Inc., Magnezit Group Ltd., and Lanexis

The growing production of cement worldwide will also affect the consumption of magnesia chrome bricks as the government initiatives to build long bridges and tunnels continues to increase. 

Emergen Research has segmented the global magnesia chrome bricks market in terms of product type, application, and region:

  • Product Type Outlook (Revenue, USD Million; 2017–­­­2027)
    • Common Magnesite Chrome Brick
    • Direct Bonded Magnesia Chrome Brick
    • Fused Rebonded Magnesite Chrome Brick
    • Chemically Bonded Magnesium Brick
    • Fused Cast Magnesite Chrome Brick
  • Application Outlook (Revenue, USD Million; 2017–­­­2027)
    • Iron & Steel
    • Non-ferrous Metals
    • Power Generation
    • Glass
    • Cement
    • Others

Make an Enquiry: https://www.emergenresearch.com/purchase-enquiry/448

Regional Analysis

The Asia Pacific held the largest share of 53.0% in the market and is expected to grow significantly in the forecast period due to rising investments in infrastructure development by India and China. The unmatchable presence of the native iron and steel industry, power generation sector, and cement manufacturers will promote the region’s overall production and export of magnesia chrome bricks to other countries.

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Magnesia Chrome Bricks Market Segmentation & Impact Analysis

    4.1. Magnesia Chrome Bricks Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Increasing demand from the iron & steel industry

                    4.2.2.2. Rise in infrastructure development activities

                    4.2.2.3. Growth of the cement industry

                    4.2.2.4. High demand in the APAC region

          4.2.3. Market restraints analysis

                    4.2.3.1. Strict legislative policies

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Magnesia Chrome Bricks Market By Product Type Insights & Trends, Revenue (USD Million) 

    5.1. Product Type Dynamics & Market Share, 2019 & 2027

          5.1.1. Common Magnesite Chrome Brick

          5.1.2. Direct Bonded Magnesia Chrome Brick

          5.1.3. Fused Rebonded Magnesite Chrome Brick

          5.1.4. Chemically Bonded Magnesium Brick

          5.1.5. Fused Cast Magnesite Chrome Brick

Chapter 6. Magnesia Chrome Bricks Market By Application Insights & Trends Revenue (USD Million) 

    6.1. Application Dynamics & Market Share, 2019 & 2027

          6.1.1. Iron & Steel

          6.1.2. Non-Ferrous Metals

          6.1.3. Power Generation

          6.1.4. Glass

          6.1.5. Cement

          6.1.6. Others

Chapter 7. Magnesia Chrome Bricks Market Regional Outlook

    7.1. Magnesia Chrome Bricks Market share By Region, 2019 & 2027

    7.2. North America

          7.2.1. Market By Product Type, Market Estimates and Forecast, USD Million

                    7.2.1.1. Common Magnesite Chrome Brick

                    7.2.1.2. Direct Bonded Magnesia Chrome Brick

                    7.2.1.3. Fused Rebonded Magnesite Chrome Brick

                    7.2.1.4. Chemically Bonded Magnesium Brick

                    7.2.1.5. Fused Cast Magnesite Chrome Brick

          7.2.2. Market By Application, Estimates and Forecast, USD Million

                    7.2.2.1. Iron & Steel

                    7.2.2.2. Non-Ferrous Metals

                    7.2.2.3. Power Generation

                    7.2.2.4. Glass

                    7.2.2.5. Cement

                    7.2.2.6. Others

          7.2.3. Market By Country, Estimates and Forecast, USD Million

                    7.2.3.1. US

                    7.2.3.2. Canada

                    7.2.3.3. Mexico

Continue…!

Quick Buy– Magnesia Chrome Bricks Market: https://www.emergenresearch.com/select-license/448

Media Contact
Company Name: Emergen Research
Contact Person: Eric Lee
Email: Send Email
Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
City: Surrey
State: British Columbia
Country: Canada
Website: https://www.emergenresearch.com/industry-report/magnesia-chrome-bricks-market