Russia Refractories Market is Expected to Reach the Value of USD 6.34 billion, At a CAGR 4.7%of During the Forecast Period 2023 -2029

 The refractories market is expected to witness market growth at a rate of 4% in the forecast period of 2022 to 2029. Data Bridge Market Research report on refractories market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.Major factors that are expected to boost the growth of the refractories market in the forecast period are rise in the infrastructure in emerging countries and increasing development rate observed by the non-metallic minerals industry. Furthermore, the increase in the demand for high-grade refractories from the iron & steel industry is further anticipated to propel the growth of the refractories market. Moreover, the growing demand for non-ferrous metals utilized for the production castings for the automotive, aerospace, medical, construction and electrical industries is further estimated to cushion the growth of the refractories market. On the other hand, the stringent restrictions on the use of refractories because the growing environmental concerns is further projected to impede the growth of the refractories market in the timeline period.




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