Mexico Refractories Market Size & Outlook, 2026-2033
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Mexico refractories market highlights
- The Mexico refractories market generated a revenue of USD 400.1 million in 2025 and is expected to reach USD 658.7 million by 2033.
- The Mexico market is expected to grow at a CAGR of 6.8% from 2026 to 2033.
- In terms of segment, iron & steel was the largest revenue generating end use in 2025.
- Glass & Ceramics is the most lucrative end use segment registering the fastest growth during the forecast period.
Refractories market data book summary
| Market revenue in 2025 | USD 400.1 million |
| Market revenue in 2033 | USD 658.7 million |
| Growth rate | 6.8% (CAGR from 2026 to 2033) |
| Largest segment | Iron & steel |
| Fastest growing segment | Glass & Ceramics |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cement & Lime, Iron & Steel, Non-Ferrous Metals, Glass & Ceramics |
| Key market players worldwide | Chosun Refractories, CoorsTek, HarbisonWalker International, Imerys, Krosaki Harima, Morgan Advanced Materials PLC, RHI Magnesita NV ADR, Saint-Gobain - Gyproc, Shinagawa Refractories, Vesuvius Media |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.8% of the global refractories market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. refractories market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 593.9 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 |
Mexico 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 65.88% in 2025. Horizon Databook has segmented the Mexico 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.
In the last decade, Mexico has developed into an attractive production hub for the United States Mexico Canada Agreement (USMCA) free trade zone (formerly NAFTA).
The country’s GDP growth is attributed to several factors, such as its strategic location; attractive investment framework; skilled, low-cost labor; robust infrastructure; and being historically positioned as a manufacturing economy.
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Our clientele includes a mix of refractories market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico refractories market , including forecasts for subscribers. This country databook contains high-level insights into Mexico refractories market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Mexico refractories market size, by end use, 2021-2033 (US$M)
Mexico Refractories Market Outlook Share, 2025 & 2033 (US$M)
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