Refractories Market: Innovation, Trends & Outlook
The global Refractories market is projected to grow from approximately USD 37.5 billion in 2023 to about USD 52.9 billion by 2033. This reflects a steady compound annual growth rate (CAGR) of 3.9% over the forecast period, driven by rising demand from the steel, cement, glass, and non-ferrous metals industries, especially in developing economies focused on infrastructure and industrial development.
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