COVID-19 Economic Impact Report: Global Refractories

The global refractories industry is facing a number of challenges as it deals with the impact of the COVID-19 pandemic. How has the macroeconomic environment changed and what does it mean for the global refractories industry going forward?


COVID-19 Economic Impact Report: Global Refractories looks at how the expected impact of the pandemic on the current macroeconomic environment compares to other major events since 2000, including the bursting of technology bubble, the SARS outbreak, the 2009 global downturn, and the European financial crisis. It also provides a historical view of global industry sales since 2000, a look at how the industry is being currently impacted, and estimates for global sales through 2023.

Refractories are defined according to the ASTM International definition: “nonmetallic minerals having those chemical and physical properties that make them application for structures, or as components of systems, that are exposed to environments above 538 degrees Celsius (1,000 degrees Fahrenheit)”. Materials that are resistant to lower temperatures are excluded.

Refractory markets discussed in the report include:

  • iron and steel production
  • nonmetallic minerals production
  • nonferrous metals production
  • other markets, including metal fabrication, chemicals, and petroleum refining

Refractory forms covered in the report include:

  • bricks and precast shapes
  • monolithics

Refractory demand is also segmented into clay and nonclay types.

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