Market Overview:
The global fused mag-chrome market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for refractory bricks and RH snorkel refractories across the globe. In terms of type, the fused mag-chrome market is segmented into granule, powder, and other segments. The powder segment is expected to grow at a higher CAGR than other segments during the forecast period from 2018 to 2030. This growth can be attributed to its growing use in various applications such as refractory bricks and RH snorkel refractories.
Product Definition:
Fused Mag-Chrome is a material made by fusing magnesium with chromium. It has high heat resistance and good wear resistance, making it useful for tooling and dies.
Granule:
Granules are small pieces of solid material, which is used in various applications such as paints & coatings, printing inks and adhesives. Granules are also used as a filler in plastic products to improve their aesthetic value. The growth factor for the market is primarily driven by growing construction industry across emerging economies such as India and China coupled with increasing adoption of Mag-Chrome technology on account of its eco-friendly nature.
Powder:
Powder is a type of manufacturing process used to produce chromium. It is made up of metal and plastic particles which are fusing together in a molten state. The powder form can be either bought as finished product or can be manufactured by the company itself depending upon its requirements. Chromium (Cr) has different grades such as CrN, CrW, and others depending upon the application it finds in industries like automotive & transportation, medical devices & equipment among others.
Application Insights:
The refractory bricks segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The product is used for manufacturing high-fired ceramic tiles, which are then used in construction of buildings and infrastructure projects.
Refractory bricks were previously manufactured using raw materials such as clay, shale, slag andmagnesium carbonate along with added ingredients like antimony oxide, zinc oxide and calcium carbonate. However, technological advancements have now made it possible to produce these products from basic materials alone through the use of automated production lines without any additional ingredients or additions. This has resulted in cheaper production costs as well as reduced environmental pollution owing to reduction in consumption of various chemicals during its manufacturing process. These factors are likely to drive demand for mag-chrome products from refractory bricks application segment over the coming years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major steelmaking countries, such as India, China, Japan and South Korea. Increasing construction spending owing to growing population coupled with government initiatives for infrastructural development in emerging economies of Asia Pacific including India and China are likely to drive product demand over the coming years.
Europe accounted for a volume share of 22% in 2017 on account of high demand from automotive industry due to rising vehicle production across major countries including Germany, France Italy and Spain among others. In addition, increasing aerospace manufacturing along with growing defense expenditure by various governments are projected to fuel product demand further over the next eight years.
Growth Factors:
- Increasing demand for automobiles and other transportation equipment
- Growing construction industry worldwide
- Rising demand from the decorative segment
- Increasing use in medical implants and prostheses
- Technological advancements that improve the properties of fused mag-chrome
Scope Of The Report
Report Attributes
Report Details
Report Title
Fused Mag-Chrome Market Research Report
By Type
Granule, Powder, Other
By Application
Refractory Bricks, RH Snorkel Refractories
By Companies
Electro Abrasives, Washington Mills, Kümaş, Vereeniging Refractories, Refmin China, Curimbaba Group, Electro Abrasives
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Fused Mag-Chrome Market Report Segments:
The global Fused Mag-Chrome market is segmented on the basis of:
Types
Granule, Powder, Other
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
Refractory Bricks, RH Snorkel Refractories
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:
- Electro Abrasives
- Washington Mills
- Kümaş
- Vereeniging Refractories
- Refmin China
- Curimbaba Group
- Electro Abrasives
Highlights of The Fused Mag-Chrome 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:
- Granule
- Powder
- Other
- By Application:
- Refractory Bricks
- RH Snorkel Refractories
- 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 Fused Mag-Chrome 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer 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?
Fused Mag-Chrome is a type of ammunition that uses a combination of magnesium and chromium to create an extremely strong bullet. This ammunition is often used in firearms that require high levels of accuracy, such as sniper rifles.
Some of the major players in the fused mag-chrome market are Electro Abrasives, Washington Mills, K¼maÅŸ, Vereeniging Refractories, Refmin China, Curimbaba Group, Electro Abrasives.
The fused mag-chrome market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fused Mag-Chrome 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 Fused Mag-Chrome Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fused Mag-Chrome 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 Fused Mag-Chrome 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 Fused Mag-Chrome Market Size & Forecast, 2020-2028
4.5.1 Fused Mag-Chrome Market Size and Y-o-Y Growth
4.5.2 Fused Mag-Chrome 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 Granule
5.2.2 Powder
5.2.3 Other
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 Refractory Bricks
6.2.2 RH Snorkel Refractories
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fused Mag-Chrome 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 Fused Mag-Chrome 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 Granule
9.6.2 Powder
9.6.3 Other
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 Refractory Bricks
9.10.2 RH Snorkel Refractories
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 Granule
10.6.2 Powder
10.6.3 Other
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 Refractory Bricks
10.10.2 RH Snorkel Refractories
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 Granule
11.6.2 Powder
11.6.3 Other
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 Refractory Bricks
11.10.2 RH Snorkel Refractories
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 Granule
12.6.2 Powder
12.6.3 Other
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 Refractory Bricks
12.10.2 RH Snorkel Refractories
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 Granule
13.6.2 Powder
13.6.3 Other
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 Refractory Bricks
13.10.2 RH Snorkel Refractories
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 Fused Mag-Chrome Market: Competitive Dashboard
14.2 Global Fused Mag-Chrome Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Electro Abrasives
14.3.2 Washington Mills
14.3.3 Kümaş
14.3.4 Vereeniging Refractories
14.3.5 Refmin China
14.3.6 Curimbaba Group
14.3.7 Electro Abrasives
