Refractory resins are used in furnaces and boilers that process glass, steel, cement as well as incinerators that operate at high temperatures. Various binders are used to during manufacturing of refractories. Among all these binders, phenolic binders are widely used owing to their excellent adhesion and green body strength.
Increase in demand for cement in construction industry which is expected to increase the demand for refractory resins during this forecast period. For instance, Construction activities are increased in recent years, according to Bureau of Labor Statistics, the construction industry in Europe is fastest growing industry in 2020, and hence demand for refractory resins in cement is expected to fuel the market growth over the forecast period. Also, growing advancements in refractory resin properties is expected to drive the market growth.
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However, growing environmental concerns is the major restraining factor which is expected to hamper the global refractory resins market growth.
Global Refractory Resins Market is segmented into type such as Furan Resin, Phenol Resin, and Others, by form such as Powders, and Liquids. Further market is segmented into end users such as Glass, Cement, Steel, and Others.
Also, Global Refractory Resins Market is segmented into five regions such as five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as SI Group, Inc, Sumitomo Bakelite Co., Ltd, Kolon Industries, Inc., Dujodwala Paper Chemicals Ltd, Hitachi Chemical Co., Ltd., BASF SE, DIC Corporation, Shandong Laiwu Runda New Material Co., Ltd, and Fenolit d.d
- Furan Resin
- Phenol Resin
By End User
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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