Global Dry Ramming Mass Market is valued at approximately USD 2.15 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.8% during the forecast period 2023-2030. Dry ramming mass is a flexible and pre-mixed refractory material that is widely used in a variety of sectors, such as steelmaking, power generation, cement manufacture, and petrochemical production. It is designed to withstand extremely high temperatures encountered in steelmaking processes to construct furnaces, ladles, boilers, containment vessels, and other essential equipment. The ongoing urbanization and industrialization trend, surge in infrastructure development projects, and growing investments in the steel and metal industries are the key driving factors for the market demand during the estimated period.
Additionally, the rapid growth of the steel industry is exhibiting a positive influence on the market growth across the globe. According to the World Steel Association AISBL, in 2021, it was estimated that the crude steel production globally was accounted for 1,951 million tons, which is an increase from 1,879 million tons in 2020. The robust expansion of the steel industry, driven by increasing construction and infrastructure projects globally, fuels the demand for dry ramming mass. This material is essential for lining furnaces and other steelmaking equipment. For instance, the Indian government unveiled a comprehensive National Infrastructure Pipeline (NIP) with an investment commitment of INR 111 lakh crore (USD 1.5 trillion) for the fiscal years 2019-2025. Originally planned for 6,835 projects, the portfolio expanded to 7,400 by the end of 2021, encompassing diverse sectors such as roads, housing, urban development, railroads, renewable energy, conventional power, and irrigation. Also, in the Philippines, the government pursued an infrastructure-centric economic revival in 2021, allocating USD 6.5 billion from the national budget to the Department of Public Works and Highways. This funding was dedicated to bridge construction, flood management, asset preservation, and the development of transportation networks, reflecting a strategic emphasis on infrastructure initiatives for economic recovery. Thus, these aforementioned factors are propelling the growth of the Dry Ramming Mass Market at a substantial rate. Moreover, the growing investment in technological advancements, as well as increasing focus on cost and operational efficiency across end-user industries present various lucrative opportunities over the forecast years. However, the high initial investment and limited availability of raw materials, along with stringent environmental regulations are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Dry Ramming Mass Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the widespread application of dry ramming mass across diverse industries. The increasing need for refractory linings with enhanced energy efficiency has driven the formulation of dry ramming mass, witnessing improved thermal conductivity and insulation properties. This advancement aids in curtailing energy consumption during industrial processes, contributing to the growing demand for such refractory solutions. Whereas, Asia Pacific is also expected to grow at the highest CAGR over the forecast years. The expansion of key industries such as steel, non-ferrous metals, and foundries in nations such as China, India, Japan, and South Korea has resulted in a growing requirement for refractory materials, specifically dry ramming mass. China is the world's largest steel producer, and the substantial output in its steel industry significantly propels the demand for dry ramming mass, offering the industry's substantial reliance on refractories, which propels the market demand across the region.
Major market players included in this report are:
Saint-Gobain (France)
Dense Refractories Co., Ltd. (China)
Imperial World Trade Private Limited (India)
Vishva Vishal Refractory Limited (India)
Refcast Corporation (India)
Henan Xinmi Changxing Refractory Material Co., Ltd. (China)
Casco Specialty Products, Inc. (US)
Gita Refractories Private Limited (India)
Shenghe Refractories (China)
RHI Magnesita N.V. (Austria)
Recent Developments in the Market:
In 2022, Saint-Gobain, a prominent global provider of building materials and construction solutions, revealed a partnership with Imerys to advance next-generation refractory materials, specifically dry ramming mass, catering to the steelmaking sector. The partnership aims to leverage the combined expertise of both entities to pioneer innovative and sustainable refractory solutions for the industry.
In 2022, Imerys, a leading global provider of mineral-based solutions, completed the acquisition of Kerneos, a French company specializing in refractory products, including dry ramming mass. This strategic move bolstered Imerys' standing in the refractory market, enhancing its product portfolio by incorporating a broader selection of dry ramming mass solutions.
In 2020, Harbison-Walker International, a prominent global supplier of refractory products, merged with Morando, an Italian manufacturer specializing in refractory materials, including dry ramming mass. This merger established a formidable global presence in the refractory industry, particularly strengthening its position in the European market. Additionally, it broadened its offerings to encompass a more extensive array of dry ramming mass solutions.
Global Dry Ramming Mass Market Report Scope:
Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Function, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Alumina ramming mass
Silica ramming mass
Magnesia based ramming mass
Others
By Function:
Lining
Repairing
Patching
Others
By Application:
Foundries
Blast furnace
Electric arc furnace
Steel
Non steel
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
