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Magnesia Chrome Brick Market

Magnesia Chrome Brick Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031

Magnesia Chrome Brick Market: Introduction

  • Magnesia chrome bricks are made up of high purity magnesia and chrome. These bricks perform well at high temperatures and possess good thermal stability.
  • Magnesia chrome brick comprises magnesium oxide (MgO) and chromium oxide (Cr2O3) with main ingredient, periclase, and spinel as the main mineral component of refractory products. Common magnesia chrome brick is formed by sintered magnesia and refractory level chrome ore as raw materials. Magnesia chrome brick is manufactured with raw materials of magnesite clinker and chromite, during which purity of magnesia staple must be as high as possible.
  • Magnesia chrome brick may be a refractory brick produced from magnesia and chromite with a composition of 55% to 80% MgO and up to 20 Cr2O3. Magnesia chromes bricks are commonly utilized in cement kilns and non-ferrous furnaces.

Key Drivers and Restraints of Magnesia Chrome Brick Market

  • Demand for magnesia chrome bricks is expected to increase at a significant rate during the forecast period due to the growth in infrastructure development in emerging countries such as China and India
  • Rise in urbanization and industrialization, especially in emerging economies such as India and China, has led to significant investment in the construction of residential and commercial buildings. According to the Global Construction Perspective and Oxford Economics, the global construction market is expected to expand by 85% to US$ 15.55 Trn by 2030, with three countries – China, India and the U.S. – accounting for 57% of the global growth.
  • Restrictions on the usage of magnesia chrome bricks due to the rise in environmental concerns is negatively affecting the magnesia chrome bricks market

Magnesia Chrome Brick Market: End-use Industry Segment

  • Based on end-use industry, the magnesia chrome bricks market can be divided into iron & steel, power generation, non-ferrous metals, cement, glass, and others
  • The iron & steel segment dominates the magnesia chrome brick market due to the increasing demand for infrastructure development and consumer goods such as automobiles. Rise in preference of high-cost, high-performance magnesia chrome brick is driven by its applications in the lining of various furnaces, ladles, and vessels, which are governed by the operating conditions at each stage in the process of manufacturing steel.

COVID-19 Impact on Global Magnesia Chrome Brick Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Major players have announced the suspension of production due to the low demand, supply chain bottlenecks, and to protect the safety of their employees in the U.S., France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for magnesia chrome brick is expected to decline in the near future. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from tier 1 manufacturers.

Asia Pacific to Hold Leading Share of Global Magnesia Chrome Brick Market

  • In terms of region, the magnesia chrome brick market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global magnesia chrome brick market, followed by North America and Europe, during the forecast period
  • Rapid increase in consumption of magnesia chrome bricks in iron & steel, power generation, cement, and glass industries in countries such as China, Japan, India, South Korea, and Australia is boosting the demand for magnesia chrome bricks in Asia Pacific

Key Manufacturers Operating in Global Magnesia Chrome Brick Market

The magnesia chrome brick market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the magnesia chrome brick market include:

  • Calderys
  • Chosun Refractories Co. Ltd
  • Gita Refractories
  • Harbisonwalker International
  • KT Refractories
  • Magnezit Group
  • Mayerton
  • Minerex India
  • Qinghua Refractories co. Ltd
  • Resco Products
  • RHI Magnesita
  • RS Kiln Refractory Company
  • Ruitai Materials Technology
  • Shinagawa Refractories
  • Vesuvius

Magnesia Chrome Brick Market: Research Scope

Magnesia Chrome Brick Market, by Type

  • Direct Bonded
  • Fused/Rebounded
  • Chemically Bonded
  • Fused Cast

Magnesia Chrome Brick Market, by End-use Industry

  • Iron & Steel
  • Power Generation
  • Non-ferrous metals
  • Cement
  • Glass
  • Others

Global Magnesia Chrome Brick Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Magnesia Chrome Brick Market

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