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Global Dry Ramming Mass Market to reach USD 3.64 billion by the end of 2030

Global Dry Ramming Mass Market Size Study & Forecast, by Type (Alumina ramming mass, Silica ramming mass, Magnesia based ramming mass, Others), by Function (Lining, Repairing, Patching, Others), by Application (Foundries, Blast furnace, Electric arc furnace, Steel, Non steel, Others), and Regional Analysis, 2023-2030

Product Code: OIRIME-32147387
Publish Date: 20-01-2024
Page: 200

Global Dry Ramming Mass Market is valued at approximately USD 2.15 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.8% during the forecast period 2023-2030. Dry ramming mass is a flexible and pre-mixed refractory material that is widely used in a variety of sectors, such as steelmaking, power generation, cement manufacture, and petrochemical production. It is designed to withstand extremely high temperatures encountered in steelmaking processes to construct furnaces, ladles, boilers, containment vessels, and other essential equipment. The ongoing urbanization and industrialization trend, surge in infrastructure development projects, and growing investments in the steel and metal industries are the key driving factors for the market demand during the estimated period.

Additionally, the rapid growth of the steel industry is exhibiting a positive influence on the market growth across the globe. According to the World Steel Association AISBL, in 2021, it was estimated that the crude steel production globally was accounted for 1,951 million tons, which is an increase from 1,879 million tons in 2020. The robust expansion of the steel industry, driven by increasing construction and infrastructure projects globally, fuels the demand for dry ramming mass. This material is essential for lining furnaces and other steelmaking equipment. For instance, the Indian government unveiled a comprehensive National Infrastructure Pipeline (NIP) with an investment commitment of INR 111 lakh crore (USD 1.5 trillion) for the fiscal years 2019-2025. Originally planned for 6,835 projects, the portfolio expanded to 7,400 by the end of 2021, encompassing diverse sectors such as roads, housing, urban development, railroads, renewable energy, conventional power, and irrigation. Also, in the Philippines, the government pursued an infrastructure-centric economic revival in 2021, allocating USD 6.5 billion from the national budget to the Department of Public Works and Highways. This funding was dedicated to bridge construction, flood management, asset preservation, and the development of transportation networks, reflecting a strategic emphasis on infrastructure initiatives for economic recovery. Thus, these aforementioned factors are propelling the growth of the Dry Ramming Mass Market at a substantial rate. Moreover, the growing investment in technological advancements, as well as increasing focus on cost and operational efficiency across end-user industries present various lucrative opportunities over the forecast years. However, the high initial investment and limited availability of raw materials, along with stringent environmental regulations are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Dry Ramming Mass Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the widespread application of dry ramming mass across diverse industries. The increasing need for refractory linings with enhanced energy efficiency has driven the formulation of dry ramming mass, witnessing improved thermal conductivity and insulation properties. This advancement aids in curtailing energy consumption during industrial processes, contributing to the growing demand for such refractory solutions. Whereas, Asia Pacific is also expected to grow at the highest CAGR over the forecast years. The expansion of key industries such as steel, non-ferrous metals, and foundries in nations such as China, India, Japan, and South Korea has resulted in a growing requirement for refractory materials, specifically dry ramming mass. China is the world’s largest steel producer, and the substantial output in its steel industry significantly propels the demand for dry ramming mass, offering the industry’s substantial reliance on refractories, which propels the market demand across the region.

Major market players included in this report are:
Saint-Gobain (France)
Dense Refractories Co., Ltd. (China)
Imperial World Trade Private Limited (India)
Vishva Vishal Refractory Limited (India)
Refcast Corporation (India)
Henan Xinmi Changxing Refractory Material Co., Ltd. (China)
Casco Specialty Products, Inc. (US)
Gita Refractories Private Limited (India)
Shenghe Refractories (China)
RHI Magnesita N.V. (Austria)

Recent Developments in the Market:
Ø In 2022, Saint-Gobain, a prominent global provider of building materials and construction solutions, revealed a partnership with Imerys to advance next-generation refractory materials, specifically dry ramming mass, catering to the steelmaking sector. The partnership aims to leverage the combined expertise of both entities to pioneer innovative and sustainable refractory solutions for the industry.
Ø In 2022, Imerys, a leading global provider of mineral-based solutions, completed the acquisition of Kerneos, a French company specializing in refractory products, including dry ramming mass. This strategic move bolstered Imerys’ standing in the refractory market, enhancing its product portfolio by incorporating a broader selection of dry ramming mass solutions.
Ø In 2020, Harbison-Walker International, a prominent global supplier of refractory products, merged with Morando, an Italian manufacturer specializing in refractory materials, including dry ramming mass. This merger established a formidable global presence in the refractory industry, particularly strengthening its position in the European market. Additionally, it broadened its offerings to encompass a more extensive array of dry ramming mass solutions.

Global Dry Ramming Mass Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Function, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Alumina ramming mass
Silica ramming mass
Magnesia based ramming mass
Others

By Function:
Lining
Repairing
Patching
Others

By Application:
Foundries
Blast furnace
Electric arc furnace
Steel
Non steel
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Dry Ramming Mass Market, by Region, 2020-2030 (USD Billion)
1.2.2. Dry Ramming Mass Market, by Type, 2020-2030 (USD Billion)
1.2.3. Dry Ramming Mass Market, by Function, 2020-2030 (USD Billion)
1.2.4. Dry Ramming Mass Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Dry Ramming Mass Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Dry Ramming Mass Market Dynamics
3.1. Dry Ramming Mass Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Surge in infrastructure development projects
3.1.1.2. Rapid growth of the steel industry
3.1.2. Market Challenges
3.1.2.1. High initial investment and limited availability of raw materials
3.1.2.2. Stringent environmental regulations
3.1.3. Market Opportunities
3.1.3.1. Growing investment in technological advancements
3.1.3.2. Increasing focus on cost and operational efficiency across end-user industries
Chapter 4. Global Dry Ramming Mass Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Dry Ramming Mass Market, by Type
5.1. Market Snapshot
5.2. Global Dry Ramming Mass Market by Type, Performance – Potential Analysis
5.3. Global Dry Ramming Mass Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Dry Ramming Mass Market, Sub Segment Analysis
5.4.1. Alumina ramming mass
5.4.2. Silica ramming mass
5.4.3. Magnesia based ramming mass
5.4.4. Others
Chapter 6. Global Dry Ramming Mass Market, by Function
6.1. Market Snapshot
6.2. Global Dry Ramming Mass Market by Function, Performance – Potential Analysis
6.3. Global Dry Ramming Mass Market Estimates & Forecasts by Function 2020-2030 (USD Billion)
6.4. Dry Ramming Mass Market, Sub Segment Analysis
6.4.1. Lining
6.4.2. Repairing
6.4.3. Patching
6.4.4. Others
Chapter 7. Global Dry Ramming Mass Market, by Application
7.1. Market Snapshot
7.2. Global Dry Ramming Mass Market by Application, Performance – Potential Analysis
7.3. Global Dry Ramming Mass Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Dry Ramming Mass Market, Sub Segment Analysis
7.4.1. Foundries
7.4.2. Blast furnace
7.4.3. Electric arc furnace
7.4.4. Steel
7.4.5. Non steel
7.4.6. Others
Chapter 8. Global Dry Ramming Mass Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Dry Ramming Mass Market, Regional Market Snapshot
8.4. North America Dry Ramming Mass Market
8.4.1. U.S. Dry Ramming Mass Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Function breakdown estimates & forecasts, 2020-2030
8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Dry Ramming Mass Market
8.5. Europe Dry Ramming Mass Market Snapshot
8.5.1. U.K. Dry Ramming Mass Market
8.5.2. Germany Dry Ramming Mass Market
8.5.3. France Dry Ramming Mass Market
8.5.4. Spain Dry Ramming Mass Market
8.5.5. Italy Dry Ramming Mass Market
8.5.6. Rest of Europe Dry Ramming Mass Market
8.6. Asia-Pacific Dry Ramming Mass Market Snapshot
8.6.1. China Dry Ramming Mass Market
8.6.2. India Dry Ramming Mass Market
8.6.3. Japan Dry Ramming Mass Market
8.6.4. Australia Dry Ramming Mass Market
8.6.5. South Korea Dry Ramming Mass Market
8.6.6. Rest of Asia Pacific Dry Ramming Mass Market
8.7. Latin America Dry Ramming Mass Market Snapshot
8.7.1. Brazil Dry Ramming Mass Market
8.7.2. Mexico Dry Ramming Mass Market
8.8. Middle East & Africa Dry Ramming Mass Market
8.8.1. Saudi Arabia Dry Ramming Mass Market
8.8.2. South Africa Dry Ramming Mass Market
8.8.3. Rest of Middle East & Africa Dry Ramming Mass Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Saint-Gobain (France)
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Dense Refractories Co., Ltd. (China)
9.3.3. Imperial World Trade Private Limited (India)
9.3.4. Vishva Vishal Refractory Limited (India)
9.3.5. Refcast Corporation (India)
9.3.6. Henan Xinmi Changxing Refractory Material Co., Ltd. (China)
9.3.7. Casco Specialty Products, Inc. (US)
9.3.8. Gita Refractories Private Limited (India)
9.3.9. Shenghe Refractories (China)
9.3.10. RHI Magnesita N.V. (Austria)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
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Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
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