Global demand for refractories is projected to rise 5.3 percent annually through 2014. China will remain the largest national market and continue to comprise the majority of global demand. Above-average growth will also occur in India. Demand gains for bricks and shapes will lag those of monolithics.

This study analyzes the 31.5 million metric ton world refractory industry. It presents historical demand data for the years 1999, 2004 and 2009, and forecasts for 2014 and 2019 by market (e.g., iron and steel, other metals, nonmetallic minerals), form, material, world region and for 23 countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 47 industry competitors, including RHI, Cookson Group and Magnesita.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							      XI

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		World Macroeconomic Overview					       5
		   Recent Historical Trends					       5
		   World Economic Outlook					       7
		World Fixed Investment Trends					      11
		World Manufacturing Output					      13
		World Crude Steel Production					      15
		World Flat Glass Production					      17
		World Cement Production						      19
		Pricing Trends							      21
		Technology							      23
		   Basic Refractory Properties					      25
		   Refractory Shapes & Forms					      27
		   Refractory Materials						      28
		   Other Technological Developments				      30

	III.	OVERVIEW							      31
		Overall								      31
		World Refractory Demand						      32
		   Demand by Market						      36
		      Iron & Steel						      36
			Steelmaking Technology					      38
			Steel Refractory Manufacturers & Products		      40
		      Other Metals						      41
		      Nonmetallic Minerals					      43
		      Other							      46
		   Demand by Form & Material					      47
		World Refractory Production					      50
		International Trade Flows					      52

	IV.	NORTH AMERICA							      54
		General								      54
		   Refractory Supply & Demand					      55
		   Refractory Outlook & Suppliers				      56
		United States							      58
		Canada								      64
		Mexico								      69

	V.	WESTERN EUROPE							      75
		General								      75
		   Refractory Supply & Demand					      76
		   Refractory Outlook & Suppliers				      78
		Germany								      80
		Italy								      84
		Spain								      89
		France								      94
		United Kingdom							      99
		Belgium								     104
		Austria								     108
		Other Western Europe						     113

	VI.	ASIA/PACIFIC							     119
		General								     119
		   Refractory Supply & Demand					     120
		   Refractory Outlook & Suppliers				     122
		China								     124
		India								     131
		Japan								     136
		South Korea							     142
		Taiwan								     147
		Australia							     152
		Other Asia/Pacific						     157

	VII.	OTHER REGIONS							     163
		Central & South America						     163
		   Brazil							     167
		   Other Central & South America				     172
		Eastern Europe							     177
		   Russia							     182
		   Ukraine							     187
		   Poland							     192
		   Other Eastern Europe						     197
		Africa/Mideast							     202
		   Turkey							     207
		   Iran								     212
		   South Africa							     217
		   Other Africa/Mideast						     222

	VIII.	INDUSTRY STRUCTURE						     228
		General								     228
		Market Share							     231
		   Leading Refractory Producers					     231
		   Leading Raw Material Suppliers				     234
		Product Development & Manufacturing				     235
		Marketing & Distribution					     238
		Financial Issues & Requirements					     240
		Cooperative Agreements						     241
		Mergers, Acquisitions & Industry Restructuring			     246
		Company Profiles						     249
		   Alcoa Incorporated						     250
		   Allied Mineral Products Incorporated				     251
		   Almatis GmbH							     254
		   AluChem Incorporated						     257
		   ANH Refractories Company					     258
		   Bosai Minerals Group Company Limited				     263
		   BURTON GmbH & Company KG					     264
		   C-E Minerals, see Imerys
		   Calderys, see Imerys
		   Calucem GmbH							     266
		   China GengSheng Minerals Incorporated			     268
		   Chamottes Europe BU, see Imerys
		   Chosun Refractories Company Limited				     270
		   Clayburn Industries Limited					     272
		   Cookson Group plc						     275
		   CoorsTek Incorporated					     281
		   Corning Incorporated						     283
		   DSF Refractories & Minerals Limited				     285
		   Dyson Group plc						     287
		   Elkem Silicon Materials, see Orkla
		   ESK-SiC GmbH							     289
		   Ghana Bauxite, see Bosai Minerals Group
		   Haicheng Houying Corporation Limited				     290
		   Harbison-Walker Refractories, see ANH Refractories
		   Imerys SA							     291
		   Istra Cement, see Calucem
		   JFE Refractories, see Shinagawa Refractories
		   Jiachen Group						     301
		   Kerneos, see Materis Holding Luxembourg
		   Krosaki Harima Corporation					     302
		   Kyanite Mining Corporation					     305
		   Lhoist SA							     306
		   Liaoning Jinding Magnesite Group Company Limited		     307
		   LWB Refractories, see Magnesita Refratários
		   Magnesita Refratários SA					     309
		   Materis Holding Luxembourg SA				     313
		   Minerals Technologies Incorporated				     316
		   Minteq International, see Minerals Technologies
		   Morgan Crucible Company plc					     319
		   North American Refractories, see ANH Refractories
		   OCL India Limited						     326
		   Orkla ASA							     328
		   Puyang Refractories Group Company Limited			     331
		   Qinghua Refractories Company Limited				     332
		   Rath AG							     334
		   Refratechnik Holding GmbH					     338
		   Resco Products Incorporated					     341
		   RHI AG							     343
		   Rio Tinto Group						     348
		   Saint-Gobain							     351
		   SANAC SpA							     356
		   Shandong Luyang Share Company Limited			     358
		   Shandong Refractories Company Limited			     360
		   Shinagawa Refractories Company Limited			     362
		   Sinosteel Refractory Company Limited				     364
		   Thermal Ceramics, see Morgan Crucible
		   TIMCAL, see Imerys
		   Treibacher Schleifmittel, see Imerys
		   TYK Corporation						     365
		   Unifrax I LLC						     367
		   United Company RUSAL						     370
		   Vesuvius Group, see Cookson Group
		   World Minerals, see Imerys
		   Xiyang Group							     371

				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	World Gross Domestic Product by Region				      11
	2	World Gross Fixed Investment by Region				      13
	3	World Manufacturing Value Added by Region			      15
	4	World Crude Steel Production by Region				      17
	5	World Flat Glass Production by Region				      19
	6	World Cement Production by Region				      20
	7	Selected Refractory Pricing					      22

		SECTION III -- OVERVIEW
	1	World Refractory Volume Demand by Region			      33
	2	World Refractory Value Demand by Region				      35
	3	World Refractory Demand by Market				      36
	4	World Iron & Steel Refractory Demand by Region			      37
	5	World Other Metals Refractory Demand by Region			      43
	6	World Nonmetallic Minerals Refractory Demand by Region		      45
	7	World Other Markets Refractory Demand by Region			      47
	8	World Refractory Demand by Form & Material			      50
	9	World Refractory Production by Region				      51
	10	World Refractory Net Exports by Region				      53

		SECTION IV -- NORTH AMERICA
	1	North America: Refractory Supply & Demand			      56
	2	North America: Refractory Demand by Form, Material 
		   & Market							      58
	3	United States: Refractory Supply & Demand			      62
	4	United States: Refractory Demand by Form, Material & Market	      64
	5	Canada: Refractory Supply & Demand				      67
	6	Canada: Refractory Demand by Form, Material & Market		      69
	7	Mexico: Refractory Supply & Demand				      72
	8	Mexico: Refractory Demand by Form, Material & Market		      74

		SECTION V -- WESTERN EUROPE
	1	Western Europe: Refractory Supply & Demand			      77
	2	Western Europe: Refractory Demand by Form, Material 
		   & Market							      79
	3	Germany: Refractory Supply & Demand				      82
	4	Germany: Refractory Demand by Type, Material & Market		      84
	5	Italy: Refractory Supply & Demand				      87
	6	Italy: Refractory Demand by Form, Material & Market		      89
	7	Spain: Refractory Supply & Demand				      92
	8	Spain: Refractory Demand by Form, Material & Market		      94
	9	France: Refractory Supply & Demand				      97
	10	France: Refractory Demand by Form, Material & Market		      99
	11	United Kingdom: Refractory Supply & Demand			     102
	12	United Kingdom: Refractory Demand by Type, Material
		   & Market							     104
	13	Belgium: Refractory Supply & Demand				     106
	14	Belgium: Refractory Demand by Form, Material & Market		     108
	15	Austria: Refractory Supply & Demand				     111
	16	Austria: Refractory Demand by Form, Material & Market		     113
	17	Other Western Europe: Refractory Supply & Demand		     116
	18	Other Western Europe: Demand by Form, Material & Market		     118

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific: Refractory Supply & Demand			     122
	2	Asia/Pacific: Refractory Demand by Form, Material 
		   & Market							     124
	3	China: Refractory Supply & Demand				     128
	4	China: Refractory Demand by Type, Material & Market		     131
	5	India: Refractory Supply & Demand				     134
	6	India: Refractory Demand by Form, Material & Market		     136
	7	Japan: Refractory Supply & Demand				     140
	8	Japan: Refractory Demand by Form, Material & Market		     142
	9	South Korea: Refractory Supply & Demand				     145
	10	South Korea: Refractory Demand by Form, Material 
		   & Market							     147
	11	Taiwan: Refractory Supply & Demand				     150
	12	Taiwan: Refractory Demand by Form, Material & Market		     152
	13	Australia: Refractory Supply & Demand				     155
	14	Australia: Refractory Demand by Form, Material & Material	     157
	15	Other Asia/Pacific: Refractory Supply & Demand			     160
	16	Other Asia/Pacific: Refractory Demand by Form, Material 
		   & Market							     162

		SECTION VII -- OTHER REGIONS
	1	Central & South America: Refractory Supply & Demand		     165
	2	Central & South America: Refractory Demand by Form, 
		   Material & Market						     167
	3	Brazil: Refractory Supply & Demand				     170
	4	Brazil: Refractory Demand by Form, Material & Market		     172
	5	Other Central & South America: Refractory Supply & Demand	     175
	6	Other Central & South America: Refractory Demand 
		   by Form, Material & Market					     177
	7	Eastern Europe: Refractory Supply & Demand			     180
	8	Eastern Europe: Refractory Demand by Form, Material 
		   & Market							     182
	9	Russia: Refractory Supply & Demand				     185
	10	Russia: Refractory Demand by Form, Material & Market		     187
	11	Ukraine: Refractory Supply & Demand				     190
	12	Ukraine: Refractory Demand by Form, Material & Market		     192
	13	Poland: Refractory Supply & Demand				     195
	14	Poland: Refractory Demand by Form, Material & Market		     197
	15	Other Eastern Europe: Refractory Supply & Demand		     200
	16	Other Eastern Europe: Refractory Demand by Form, Material 
		   & Market							     202
	17	Africa/Mideast: Refractory Supply & Demand			     205
	18	Africa/Mideast: Refractory Demand by Form, Material 
		   & Market							     207
	19	Turkey: Refractory Supply & Demand				     210
	20	Turkey: Refractory Demand by Form, Material & Market		     212
	21	Iran: Refractory Supply & Demand				     215
	22	Iran: Refractory Demand by Form, Material & Market		     217
	23	South Africa: Refractory Supply & Demand			     220
	24	South Africa: Refractory Demand by Form, Material 
		   & Market							     222
	25	Other Africa/Mideast: Refractory Supply & Demand		     225
	26	Other Africa/Mideast: Refractory Demand by Form, Material 
		   & Market							     227

		SECTION VIII -- INDUSTRY STRUCTURE
	1	Finished Refractory Sales by Company, 2009			     230
	2	Selected Cooperative Agreements					     244
	3	Selected Acquisitions & Divestitures				     248

				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION II -- MARKET ENVIRONMENT
	1	Melting Points of Industrial Minerals & Refractories		      26

		SECTION III -- OVERVIEW
	1	World Refractory Demand by Region, 2009				      34
	2	World Refractory Production by Region, 2009			      52

		SECTION VIII -- INDUSTRY STRUCTURE
	1	World Refractory Market Share by Company, 2009			     231