Silica Insulation Bricks Market

Global Silica Insulation Bricks Market: Overview

One of the most common minerals that are present on the surface of the earth as well as under it is silica. It is present in huge quantities. There are also numerous silica refractory producers to offer high-quality silica bricks to their end-users. The refractory industries have had a mixed period in past few years mainly driven by the steel sector. However, increasing needs for high-performance incinerators has grown considerably and thus helped in the development of the global silica insulation bricks market.

Global Silica Insulation Bricks Market: Notable Developments

Some of the notable developments in the global silica insulation bricks market are listed below:

• In June 2019, RHI Magnesita presented its latest innovations at the METEC conference. The company introduced Refractory 4.0 at the conference with a view to providing their customers with high quality of refractory solutions. The company also announced that it is digitizing its supply value chain that will feature an unrivaled level of backward integration. The applications range from mining the raw materials, production to the supply chain and recycling. The company also announced that it is planning to invest around 70 million euros to develop more products that will enhance its portfolio and foothold in the global silica insulation bricks market.
• In February 2019, RHI Magnesita announced that the company is partnering up with Austrian Sports Foundation. This collaboration is in place with an aim to help in the preparation of the sports career of the Austrian athletes. The company will look after the educational program for these athletes.
• In July 2019, PD Refractories Group announced that the company has entered into an agreement with BRCC about a long-term sales alliance, cooperation in manufacturing, distribution, and development of new refractory materials. The collaboration is expected to help both the companies to enhance their brand names in the global silica insulation bricks market.

Some of the key players in the global silica insulation bricks market include names such as LONTTO GROUP, P-D Refractories, RHI, HENAN CUNSE REFRACTORY, Reliable Refractories, BNZ Materials, Shree Tirupati Refractories & Minerals and Zhengzhou Rongsheng Kiln Refractory Materials among others.

Global Silica Insulation Bricks Market: Drivers and Restraints

There are numerous factors that are influence the positive growth of the global silica insulation bricks market. One of the primary driving factors of the growth of the global market is the increasing demand from the steel industry across the globe. In addition to this, increasing requirement of high-performing incinerators in the metal industries across the globe is also helping in the development of the silica insulation bricks market.

Governments across the globe are issuing strict guidelines and standards for the insulation bricks. These guidelines are expected to uplift the standard of the products and thus help in increasing the adoption as well.

Global Silica Insulation Bricks Market: Geographical Outlook

The global silica insulation bricks market is segmented into five key regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Of the mentioned regional segments, the global silica insulation bricks market is expected to be dominated by the Asia Pacific over the course of the given forecast period of 2019 to 2027. Such high growth of the region is due to construction of big manufacturing plants in countries such as India and China. Growing investments by these emerging economies in the development of their infrastructure are likely to further fuel the growth of the Asia Pacific market.