Global Refractories Market Size & Outlook, 2026-2033
Global refractories market, 2021-2033 (US$M)
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Global refractories market highlights
- The global refractories market generated a revenue of USD 47,882.2 million in 2025 and is expected to reach USD 95,958.3 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 9.5% by 2033.
- In terms of segment, iron & steel accounted for a revenue of USD 34,104.8 million in 2025.
- Glass & Ceramics is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, India is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 47,882.2 million |
| Market revenue in 2033 | USD 95,958.3 million |
| Growth rate | 9.5% (CAGR from 2026 to 2033) |
| Largest segment | Iron & steel |
| Fastest growing segment | Glass & Ceramics |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cement & Lime, Iron & Steel, Non-Ferrous Metals, Glass & Ceramics |
Other key industry trends
- In terms of revenue, the North America accounted for 5.8% of the global refractories market in 2025.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 6,242.3 million by 2033.
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Refractories Market Scope
Refractories Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Vesuvius Media | View profile | 1-10 | Halifax, Nova Scotia, Canada, North America | https://www.vesuviusmedia.com/ |
| Shinagawa Refractories | View profile | 1001-5000 | Otemachi, Tokyo, Japan, Asia | https://www.shinagawa.co.jp/ |
| Krosaki Harima | View profile | 1001-5000 | Kitakyushu, Fukuoka, Japan, Asia | https://www.krosaki.co.jp/ |
| HarbisonWalker International | View profile | 1001-5000 | Pittsburgh, Pennsylvania, United States, North America | http://www.thinkHWI.com |
| Chosun Refractories | View profile | 501-1000 | Kwangyang, Cholla-namdo, South Korea, Asia | http://www.chosunref.co.kr |
| Saint-Gobain - Gyproc | View profile | 51-100 | Beveren, Oost-Vlaanderen, Belgium, Europe | https://www.gyproc.be |
| RHI Magnesita NV ADR | View profile | 14777 | Kranichberggasse 6, Vienna, Austria, 1120 | https://www.rhimagnesita.com |
| Imerys | View profile | 13909 | 43 quai de Grenelle, Paris, France, 75015 | https://www.imerys.com |
| Morgan Advanced Materials PLC | View profile | 8783 | Sheet Street, York House, Windsor, United Kingdom, SL4 1DD | https://www.morganadvancedmaterials.com |
| CoorsTek | View profile | 10001+ | Golden, Colorado, United States, North America | https://www.coorstek.com |
Global refractories market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to refractories market will help companies and investors design strategic landscapes.
Iron & steel was the largest segment with a revenue share of 71.23% in 2025. Horizon Databook has segmented the Global refractories market based on cement & lime, iron & steel, non-ferrous metals, glass & ceramics covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Refractories End Use Outlook (Revenue, USD Million, 2021-2033)
- Cement & Lime
- Iron & Steel
- Non-Ferrous Metals
- Others
- Glass & Ceramics
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Horizon Databook provides a detailed overview of global-level data and insights on the Global refractories market , including forecasts for subscribers. This global databook contains high-level insights into Global refractories market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global refractories market size, by regions, 2021-2033 (US$M)
Top 10 countries: Refractories market size, 2025 (US$M)
Global refractories market share, by end use, 2025 & 2033 (%, US$M)
Refractories market: Opportunity assessment by country
Global refractories market, by region, 2025 (US$M)
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