US refractory demand to reach $2.3 billion in 2009.
Refractory demand is projected to increase 1.0 percent annually to $2.3 billion in 2009, continuing a strong turnaround which began in late 2003. Gains will be supported by both the improved economic fundamentals going forward and, particularly, the newfound stability in iron and steel following that industry's collapse starting in late 1997.
Among refractory forms, demand for preformed shapes and certain monolithics will see the strongest gains going forward while from a materials perspective, both clay and nonclay materials will perform near the industry average. However, among both clay and nonclay refractories, the switch to better performing products will continue, with the best opportunities expected for zircon and zirconia and silicon carbide refractories among nonclay refractories and high alumina clays in that segment. Despite the positive outlook, most refractory materials will not recover to 1999 levels until well after 2009.
Among the various refractories markets, the best growth opportunities in percentage terms will continue to be found in less traditional end uses such as waste-to-energy generation and restaurants with in-house bakeries and stone ovens. However, while providing new opportunities, the small size of these markets means that their impact on aggregate refractory demand will be minimal. Much more critical to the overall health of the refractories industry will be the turnaround in US steel production, because the iron and steel market represents nearly half of refractory demand and will continue to do so for the foreseeable future.
Refractories (published 08/2005, 281 pages) is available for $4,200 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail email@example.com. Information may also be obtained through www.freedoniagroup.com.
For Immediate Release
REFRACTORY DEMAND (million dollars) % Annual Growth Item 1999 2004 2009 04/99 09/04 Refractory Demand 2470 2155 2260 -2.7 1.0 Bricks & Shapes 1394 1209 1260 -2.8 0.8 Monolithics 676 598 633 -2.4 1.1 Other Forms 400 348 367 -2.7 1.1 [c] 2005 by The Freedonia Group, Inc.
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|Publication:||Research Studies - Freedonia Group|
|Date:||Sep 23, 2004|
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