Dry Ramming Mass Market
Industry
Advanced Materials
Format:
No. of Pages:
350
Published Date:
06-2023
Licence Type:
Global dry ramming mass market was valued at US$ 2.2 billion in 2022 and is likely to reach US$ 5.6 billion by 2032, registering a CAGR of 9.3% over the forecast period of 2023-2032.
The dry ramming is an advanced process within refractory materials. It involves applying a specific dry mixture in powdered form, known as dry ramming mass, skilfully compacted into furnace linings. This creates a solid and robust barrier in environments with extreme temperatures. This process is essential in industries like steel, foundry, and glass manufacturing, where maintaining the integrity of furnace linings is crucial. Dry ramming excels in offering thermal insulation, resistance to wear, and protection against corrosive effects, ensuring top-notch performance and longevity of industrial furnaces.
Globally, the increasing demand for steel production is anticipated to positively impact the dry ramming mass market. As a foundational material in numerous industries, steel is extensively used in construction, automotive, infrastructure, and manufacturing. This drives a notable increase in steel production, subsequently heightening the demand for reliable and high-performance refractory materials like dry ramming mass. Dry ramming mass plays a crucial role, especially in electric arc furnaces (EAFs), integral to the steelmaking process. EAFs demand linings capable of withstanding extreme temperatures, resisting corrosive effects from molten metal and slag, and providing optimal thermal insulation. Dry ramming mass meets these stringent requirements, offering a robust solution for the challenging environments within EAFs.
The building sector, a massive user of metallic elements, is presently undergoing a worldwide upswing owing to urban growth, the expansion of infrastructure, and an uptick in population. This swell in construction undertakings directly results in heightened requests for metallic elements, triggering a chain response in the necessity for heat-resistant materials. The dry ramming mass, with its proficiency in forming robust and heat-efficient inner linings for furnaces, becomes indispensable in guaranteeing the effectiveness and lastingness of equipment used in producing metallic elements. Furthermore, the car industry, yet another substantial user of metallic elements, is observing sustained expansion linked to the escalating global desire for automobiles. The creation of vehicles heavily leans on high-calibre metallic elements, urging the demand for proficient and consistent procedures in producing metallic elements.
Dry ramming mass, with its thermal resistance and resistance to wear, becomes a strategic choice for ensuring the integrity of furnace linings in steel production facilities catering to the automotive industry. As economies, both emerging and established, undergo industrialization and manufacturing upgrades, the demand for steel, and consequently for dry ramming mass, is expected to remain robust. The symbiotic relationship between steel production and the dry ramming mass market underscores the critical role this refractory material plays in sustaining and advancing key industries worldwide.
Source: Secondary Research, Primary Research, MRP Database and Analyst Review
The dynamic landscape of the dry ramming mass market places it at the forefront of innovation, reaping substantial benefits from the continual evolution of manufacturing processes. As industries globally push the boundaries of efficiency and performance, the demand for refractory materials tailored to modern manufacturing needs has experienced a noteworthy surge. Dry ramming mass, with its distinct properties and adaptability, is garnering recognition as the preferred choice in this era of advanced manufacturing technologies.
In the realm of contemporary manufacturing processes, characterized by elevated temperatures, heightened precision, and a focus on energy efficiency, there's an escalating need for refractories capable of withstanding these challenging conditions. Dry ramming mass seamlessly meets these requirements, delivering exceptional thermal resistance, durability, and the ability to endure the strains of advanced manufacturing techniques. Its versatility across various industrial applications positions it as a flexible solution for furnaces in sectors ranging from steel and foundry to non-ferrous metal production. Beyond this, the pursuit of sustainable practices and energy efficiency in manufacturing has spurred the adoption of technologies optimizing resource utilization. Dry ramming mass, contributing to the energy efficiency of furnace operations, aligns seamlessly with these sustainability goals. Its capacity to withstand high temperatures without compromising on performance makes it an environmentally conscious choice for industries committed to reducing their carbon footprint.
The integration of advanced materials science and manufacturing techniques empowers the formulation of dry ramming mass with enhanced properties, including improved thermal shock resistance and reduced maintenance requirements. Consequently, industries striving to remain at the forefront of technological innovation are increasingly turning to dry ramming mass to elevate the efficiency and reliability of their furnace linings. In summary, technological advancements in manufacturing processes propel the dry ramming mass market forward by adeptly addressing the evolving needs of modern industries. The harmonious amalgamation of cutting-edge manufacturing technologies and the distinctive properties of dry ramming mass positions it as a foundational element in the drive towards more efficient, sustainable, and high-performance industrial processes.
Market Attributes
Details
Market Size in 2022
US$ 2.2 billion
Market Size in 2032
US$ 5.6 billion
Forecast Period
2023-2032
CAGR
9.3%
Market Dynamics
· Drivers
o Growing Demand in Steel Production
o Focus on Energy Efficiency
· Restraints
o Raw Material Price Volatility
o Stringent Environmental Regulations
· Opportunities
o Advancements in Nanotechnology
o Digitalization and Industry 4.0 Integration
Segments Covered in the report
· By Type
o Alumina Ramming Mass
o Silica Ramming Mass
o Others
· By Application
o Steel Manufacturing
o Foundry and Metal Casting
o Glass Industry
o Others
Regions Covered in the Report
· North America
o U.S.
o Canada
o Mexico
· Latin America
o Brazil
o Argentina
o Rest of Latin America
· Europe
o Germany
o UK
o France
o Russia
o Italy
o Spain
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
· Middle East & Africa
o Israel
o UAE
o Saudi Arabia
o Iran
o Rest of MEA
Companies
· Chosun Refractories Co., Ltd.
· HarbisonWalker International
· Imerys
· Magnesita Refratários S.A.
· Morgan Advanced Materials
· Resco Products, Inc.
· RHI Magnesita
· Saint-Gobain
· Shinagawa Refractories Co., Ltd.
· Vesuvius plc
1: Introduction
1.1 Report Description
1.2 Overview of Dry Ramming Mass
1.3 Evolution and Advancements in Dry Ramming Mass
1.4 Market Segmentation and Scope
1.5 Research Methodology
2: Executive Summary
2.1 Key Findings
2.2 Market Trends and Insights
2.3 Key Market Players
2.4 Future Outlook
3: Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
3.3 Market Opportunities
3.4 Porter's Five Forces Analysis
3.5 Value Chain Analysis
3.6 Impact of COVID-19 on the Dry Ramming Mass Market
4: Dry Ramming Mass Market, by Type
4.1 Overview
4.2 Alumina Ramming Mass
4.2.1 Key Market Trends
4.2.2 Market Size, 2022-2032
4.3 Silica Ramming Mass
4.3.1 Key Market Trends
4.3.2 Market Size, 2022-2032
4.4 Others
4.4.1 Key Market Trends
4.4.2 Market Size, 2022-2032
5: Dry Ramming Mass Market, by Application
5.1 Steel Manufacturing
5.1.1 Key Market Trends
5.1.2 Market Size, 2022-2032
5.2 Foundry and Metal Casting
5.2.1 Key Market Trends
5.2.2 Market Size, 2022-2032
5.3 Glass Industry
5.3.1 Key Market Trends
5.3.2 Market Size, 2022-2032
5.4 Others
5.4.1 Key Market Trends
5.4.2 Market Size, 2022-2032
6: Regional Analysis
6.1 North America
6.1.1. U.S.
6.1.1. Canada
6.1.2. Mexico
6.2. Latin America
6.2.1 Brazil
6.2.2 Argentina
6.2.3 Rest of Latin America
6.3. Europe
6.3.1. Germany
6.3.2. UK
6.3.3. France
6.3.4. Russia
6.3.5. Italy
6.3.6. Spain
6.3.7. Rest of Europe
6.4. Asia-Pacific
6.4.1. China
6.4.2. Japan
6.4.3. India
6.4.4. South Korea
6.4.5. Australia
6.4.6. Rest of Asia-Pacific
6.5. Middle East & Africa
6.5.1. Israel
6.5.2. UAE
6.5.3. Saudi Arabia
6.5.4. Iran
6.5.5. Rest of MEA
7: Competitive Landscape
7.1 Chosun Refractories Co., Ltd.
7.1.1 Overview
7.1.2 Product Portfolio
7.1.3 Financial Performance
7.1.4 Recent Developments
7.2 HarbisonWalker International
7.2.1 Overview
7.2.2 Product Portfolio
7.2.3 Financial Performance
7.2.4 Recent Developments
7.3 Imerys
7.3.1 Overview
7.3.2 Product Portfolio
7.3.3 Financial Performance
7.3.4 Recent Developments
7.4 Magnesita Refratários S.A.
7.4.1 Overview
7.4.2 Product Portfolio
7.4.3 Financial Performance
7.4.4 Recent Developments
7.5 Morgan Advanced Materials
7.5.1 Overview
7.5.2 Product Portfolio
7.5.3 Financial Performance
7.5.4 Recent Developments
7.6 Resco Products, Inc.
7.6.1 Overview
7.6.2 Product Portfolio
7.6.3 Financial Performance
7.6.4 Recent Developments
7.7 RHI Magnesita
7.7.1 Overview
7.7.2 Product Portfolio
7.7.3 Financial Performance
7.7.4 Recent Developments
7.8 Saint-Gobain
7.8.1 Overview
7.8.2 Product Portfolio
7.8.3 Financial Performance
7.8.4 Recent Developments
7.9 Shinagawa Refractories Co., Ltd.
7.9.1 Overview
7.9.2 Product Portfolio
7.9.3 Financial Performance
7.9.4 Recent Developments
7.10 Vesuvius plc
7.10.1 Overview
7.10.2 Product Portfolio
7.10.3 Financial Performance
7.10.4 Recent Developments
8: Investment Analysis
9: Market Opportunity and Trends
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1. Defining Research Objectives
2. Conduct Literature Review
3. Formulate Research Questions
4. Choose Appropriate Data Collection Methods
5. Sample Selection
6. Data Collection
7. Data Analysis
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