Global refractories market is currently valued at USD 40,9 billion in 2014 and is expected to reach USD 54,8 billion by 2020, showing a Compound Annual Growth Rate (CAGR) of 5 %.ChangXing Refractory is a Chinese leading refractory and oil fracturing proppant manufacturer & supplier with a wide range industries in high temperature field . From a refractory bricks manufacturing factory, Changxing has become a professional manufacture with various refractory materials and oil fracturing proppant both?in domestic and international market during 30+ years, whose customers covering North America, Middle East, South Asia, Africa, etc.

The world average consumption of refractories per tonne crude steel was 15 kg/t in 2014, while China‘s average was 20 kg/t. The growing demand for refractories in the Asia-Pacific region is the major driving factor of the market. Twenty years ago, glass consumed 11–13 kg/t of refractories, a figure that has dropped to 4,5–5,5?kg/t today. Steel, on the other hand, has reduced consumption from 30 kg/t in 1980 to 10 kg/t today. Strong growth in emerging markets is the main driving force for the refractories market. In addition, high demand from the glass industry is also expected. Globally glass industry consumes 0,75–1?Mt/a of refractories, far less than steel. The demand for higher-performance refractories such as magnesia-zircon is increasing. Over 95 % of refractories used in the glass industry are shaped. Monolithics are used in combination with shapes. Environmental concerns prove to be the major restraint for the refractories market. Moreover, because of moderation in raw material costs and refractories prices, growth is restricted.?

Lastly, the report is divided by geography – North America, Europe, Asia-Pacific (APAC), South America and Middle-East and Africa (MEA); where in the market share of each region is analyzed and estimates are provided for the next 6 years.

ChangXing has a production line, which is base on oil & gas applied ceramic proppant, and also with 3 factories focusing on all kinds of refractory materials used for iron & steel casting, cement, glass petrochemical and ceramics industries. With abundant sources and professional techniques, we would like to build a reliable and efficient platform for customers all over the world.

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