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.
Dry ramming mass is a crucial refractory material used in various high-temperature industrial applications. It’s a pre-mixed blend of granular refractory aggregates and bonding agents that’s applied dry and then compacted into place. This process creates a dense, durable lining that can withstand extreme heat, chemical corrosion, and mechanical wear.
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Companies:Â Â Â Â Â Â Â
- 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
Key Market Drivers
- Industrial Growth: Rapid industrialization, particularly in emerging economies, fuels the demand for dry ramming mass.
- Technological Advancements: Ongoing advancements in refractory material technology lead to improved performance characteristics, such as enhanced thermal conductivity and wear resistance.
- Cost-Efficiency: Dry ramming mass offers cost-effective solutions for industrial furnaces and kilns. Reduced maintenance requirements and downtime translate to significant cost savings.
- Sustainability: The market is shifting towards eco-friendly and sustainable alternatives, with a focus on reducing environmental impact.
Key Market Segments
- By Type: Alumina ramming mass, silica ramming mass, magnesia-based ramming mass, and others.
- By Function: Lining, repairing, patching, and others.
- By Application: Foundries, blast furnaces, electric arc furnaces, steel, non-steel, and others.
Market Challenges
- Fluctuating Raw Material Prices: The availability and pricing of raw materials can significantly impact production costs.
- Complex Production: The production process of dry ramming mass can be complex, requiring specialized equipment and skilled labor.
- Environmental Concerns: Some components of dry ramming mass may have environmental and health implications.
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