Refractories Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The refractories market was estimated at USD 26.05 billion in 2022 and is likely to grow at a CAGR of 3.73% during 2023-2028 to reach USD 32.62 billion in 2028. Growing product demand from aerospace, automotive, electrical, glass, cement industries, progress in iron and steel industry, and rising demand for more energy efficient techniques in steel making are some of the major factors boosting the progress of the market during the assessment period.