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Refractories are used to protect processing equipment from high temperature and comes in various shapes and size. It is available in two forms such as bricks and monolithic form. Bricks is the traditional form of refractories whereas monolithic is widely acceptable because of its low cost and durability across the industries.

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Increasing infrastructure and development across the GCC countries is driving the GCC refractories market. Moreover, growing usage refractories products across various industries such as cement, iron and steel, glass, non-ferrous metals and others is further boosting the market growth. Rising prevalence of non-metallic minerals industry coupled with the increasing infrastructure in GCC region which will propel the refractories market in GCC. Moreover, refractories is used to manufacture iron, steel and glass due to its unique properties such as cheaper, durable and provide greater stability and resistance to slag attack. This will create more demand for iron, steel and glass products, which is expected to drive the refractory industry in GCC region. Upsurge in construction industry due to the rising investment in construction and infrastructure activities by the government and players in GCC countries like Saudi Arabia, UAE and Qatar will bolster the market growth. In addition, local players are expanding their production capacity to increase their geographical presence in refractory market. However, high energy consumption and dependency on imports will hinder the market growth of GCC refractory market.

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Saudi Arabia refractories market is driven by the increasing demand for steel and glass across construction industry along with the rapid expansion of steel production industry. The Saudi government planned to reduce dependence on oil industries and to diversify the non-oil industries. For instance, the government has started various construction projects such as the red sea project, Qiddiya, Jabal Omar and Neom under Saudi Vision 2030. This is further expected to increase demand for steel, glass, iron and cement for construction activities. These factors is expected to accelerate the growth of Saudi Arabia refractory market. UAE refractory Industry is projected to increase in next seven years owing to the increasing demand from end-use industries like steel and aluminum industry, growing infrastructural development and supportive government policies. Furthermore, rising focus on investment in energy sector by government and private entities is likely to increase the sale of refractory materials till 2030.

Key questions answered in this research report:

• • At what pace is GCC Refractories Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC Refractories Market? What will be the impact of drivers and restraints in the future?
  • Which are the major revenue pockets for growth in the GCC Refractories Market?
  • Which vehicle type generated maximum revenues in 2022 and identify the most promising type during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

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GCC Refractories Market by Countries

• • UAE Refractories Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Refractories Market All-Up (Option 2: Free 25% Customization)
  • Oman Refractories Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Refractories Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Refractories Market All-Up (Option 5: Free 25% Customization)