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Asia Pacific Refractories Market Research Report, Future Demand and Growth Scenario
The refractories are used in the steel industry, where refractory materials are essential for lining furnaces and kilns used in the production of steel. These specialized materials withstand high temperatures, chemical corrosion, and mechanical stress, ensuring the durability and efficiency of the manufacturing process. The refractories play a crucial role in maintaining the structural integrity of equipment and promoting energy efficiency in steel production, contributing to the performance and longevity of industrial facilities., According to Data Bridge Market Research analyses the Asia-Pacific Refractories Market which was USD 1,67,94,367.23 thousand in 2023, is expected to reach USD 2,44,37,338.61 thousand by 2031, growing at a CAGR of 4.8% during the forecast period of 2024 to 2031..