Market Overview:
The global furnace lining market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for furnace linings from various end-use industries, such as steel, aluminum, and copper. In addition, the growing demand for energy-efficient furnaces is also contributing to the growth of this market. The global furnace lining market can be segmented on the basis of type into acidic type, basic type, and neutral type. On the basis of application, it can be divided into horizontal furnace and vertical furnace. Geographically speaking, it has been segmented into North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China), and Middle East & Africa (Saudi Arabia).
Product Definition:
A furnace lining is a refractory material that lines the inside of a furnace. The main purpose of a furnace lining is to protect the steel walls from the high temperatures and intense heat produced by the burning fuel. A furnace lining also helps to insulate the furnace, which reduces heat loss and increases efficiency.
Acidic Type:
Acidic type lining is a lining material that is used in furnaces for thermal insulation. The product has high thermal conductivity and low heat transfer coefficient, which makes it an ideal choice for use in furnaces. Furnace linings are used to protect the inner surface of the furnace from damage caused by fire or accidently dropping objects into it.
Basic Type:
The basic type is the most important factor that affects the furnace lining market. The different types of basic types are classified on the basis of their chemical properties, physical properties, and applications. On account of these characteristics, there are many different products available in this market with varied usage across various industries including metal processing & fabrication industry and glass making industry among others.
Application Insights:
The application segment includes horizontal furnace and vertical furnace. In 2017, the horizontal furnace dominated the market with over 60% of the revenue share. The increasing demand for steel from various industries including automotive is expected to be a key factor driving product demand in this segment over the forecast period.
Horizontal furnaces are used to melt iron ore into pig iron which is further processed using basic or advanced techniques depending on its application as a raw material in different industrial processes such as foundry, smelting and refining etc. Vertical furnaces are used to melt ferroalloys into steel which is further processed using basic or advanced techniques depending on its applications such as building & construction materials, machinery parts etc. Increasing investments by companies in developing countries like India and China are expected to boost product demand over the forecast period (2017 To 2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries, such as China, India, Japan and South Korea. In addition, rising construction activities in developing economies are anticipated to fuel product demand further.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2017 owing to high consumption levels coupled with growing manufacturing sector across major economies including Germany and Italy. North America furnaces are primarily used for industrial applications due to higher energy efficiency compared with other alternatives such as open flame systems or gas turbines that run on natural gas or coal bed methane (CBM). Moreover, stringent government regulations regarding carbon emission have resulted in increased penetration of these products across U.S.
Growth Factors:
- Growing demand for energy-efficient furnaces: The global market for energy-efficient furnaces is expected to grow at a CAGR of more than 7% during the forecast period. This is primarily owing to the increasing awareness about the benefits of using energy-efficient appliances among consumers.
- Rising demand from developing countries: The growth in the construction and infrastructure sectors in developing countries is expected to drive the demand for furnace linings in these regions over the next few years.
- Increasing use of advanced materials: Furnace lining manufacturers are increasingly using advanced materials, such as ceramics and composites, in their products to improve thermal efficiency and durability. This is likely to boost the growth of this market over the next few years.
- Growing popularity of gas-fired furnaces: Gas-fired furnaces are becoming increasingly popular due to their high efficiency and low emissions levels compared with other types of furnaces available in the market today .This is likely to fuel demand for furnace linings used in these appliances overthe next few years . 5) Technological advancements: Furnace lining manufacturers are constantly investingin R&D activitiesto develop new technologies that can improvethe performanceof their products
Scope Of The Report
Report Attributes
Report Details
Report Title
Furnace Lining Market Research Report
By Type
Acidic Type, Basic Type, Neutral Type
By Application
Horizontal Furnace, Vertical Furnace
By Companies
Capital Refractories Limited, SGL Group, Paul Wurth, Rath, ETS Schaefer, Capital Refractories Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Furnace Lining Market Report Segments:
The global Furnace Lining market is segmented on the basis of:
Types
Acidic Type, Basic Type, Neutral Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Horizontal Furnace, Vertical Furnace
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Capital Refractories Limited
- SGL Group
- Paul Wurth
- Rath
- ETS Schaefer
- Capital Refractories Limited
Highlights of The Furnace Lining Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acidic Type
- Basic Type
- Neutral Type
- By Application:
- Horizontal Furnace
- Vertical Furnace
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Furnace Lining Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Furnace lining is a type of insulation that is installed in the walls and ceilings of furnaces to keep heat inside.
Some of the key players operating in the furnace lining market are Capital Refractories Limited, SGL Group, Paul Wurth, Rath, ETS Schaefer, Capital Refractories Limited.
The furnace lining market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Furnace Lining Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Furnace Lining Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Furnace Lining Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Furnace Lining Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Furnace Lining Market Size & Forecast, 2020-2028
4.5.1 Furnace Lining Market Size and Y-o-Y Growth
4.5.2 Furnace Lining Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Acidic Type
5.2.2 Basic Type
5.2.3 Neutral Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Horizontal Furnace
6.2.2 Vertical Furnace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Furnace Lining Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Furnace Lining Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Acidic Type
9.6.2 Basic Type
9.6.3 Neutral Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Horizontal Furnace
9.10.2 Vertical Furnace
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Acidic Type
10.6.2 Basic Type
10.6.3 Neutral Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Horizontal Furnace
10.10.2 Vertical Furnace
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Acidic Type
11.6.2 Basic Type
11.6.3 Neutral Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Horizontal Furnace
11.10.2 Vertical Furnace
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Acidic Type
12.6.2 Basic Type
12.6.3 Neutral Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Horizontal Furnace
12.10.2 Vertical Furnace
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Acidic Type
13.6.2 Basic Type
13.6.3 Neutral Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Horizontal Furnace
13.10.2 Vertical Furnace
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Furnace Lining Market: Competitive Dashboard
14.2 Global Furnace Lining Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Capital Refractories Limited
14.3.2 SGL Group
14.3.3 Paul Wurth
14.3.4 Rath
14.3.5 ETS Schaefer
14.3.6 Capital Refractories Limited
