The increasing demand for refractories is largely driven by the increasing demand from the steel industry, where refractory materials are essential for withstanding high temperatures and corrosive environments in steelmaking processes. However, a significant restraint facing the market is the volatility in raw material prices, which can impact production costs and pricing strategies. ... https://www.globenewswire.com/news-release/2025/02/20/3029264/0/en/Refractories-Market-worth-42-4-billion-by-2029-at-a-CAGR-of-4-4-says-MarketsandMarkets.html