India Refractories Market Size & Outlook, 2026-2033
- Materials
- Advanced Materials
- Refractories Market Outlook
- Advanced Materials
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India refractories market highlights
- The India refractories market generated a revenue of USD 3,010.4 million in 2025 and is expected to reach USD 6,242.3 million by 2033.
- The India market is expected to grow at a CAGR of 9.9% from 2026 to 2033.
- In terms of segment, iron & steel was the largest revenue generating end use in 2025.
- Glass & Ceramics is the most lucrative end use segment registering the fastest growth during the forecast period.
Refractories market data book summary
| Market revenue in 2025 | USD 3,010.4 million |
| Market revenue in 2033 | USD 6,242.3 million |
| Growth rate | 9.9% (CAGR from 2026 to 2033) |
| Largest segment | Iron & steel |
| Fastest growing segment | Glass & Ceramics |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cement & Lime, Iron & Steel, Non-Ferrous Metals, Glass & Ceramics |
| Key market players worldwide | Chosun Refractories, CoorsTek, HarbisonWalker International, Imerys, Krosaki Harima, Morgan Advanced Materials PLC, RHI Magnesita NV ADR, Saint-Gobain - Gyproc, Shinagawa Refractories, Vesuvius Media |
Other key industry trends
- In terms of revenue, India accounted for 6.3% of the global refractories market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China refractories market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,242.3 million by 2033.
The country is among the fastest-growing economies in the world and is witnessing several government initiatives that promote the growth of the manufacturing sector and encourage FDIs.
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Publish Date: Aug 21, 2025
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Refractories Market Scope
Refractories Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CoorsTek | View profile | 10001+ | Golden, Colorado, United States, North America | www.coorstek.com |
| Morgan Advanced Materials PLC | View profile | 8,783 | Sheet Street, York House, Windsor, United Kingdom, SL4 1DD | www.morganadvancedmaterials.com |
| Imerys | View profile | 13,909 | 43 quai de Grenelle, Paris, France, 75015 | www.imerys.com |
| RHI Magnesita NV ADR | View profile | 14,777 | Kranichberggasse 6, Vienna, Austria, 1120 | www.rhimagnesita.com |
| Saint-Gobain - Gyproc | View profile | 51-100 | Beveren, Oost-Vlaanderen, Belgium, Europe | www.gyproc.be |
| Chosun Refractories | View profile | 501-1000 | Kwangyang, Cholla-namdo, South Korea, Asia | www.chosunref.co.kr |
| HarbisonWalker International | View profile | 1001-5000 | Pittsburgh, Pennsylvania, United States, North America | www.thinkHWI.com |
| Krosaki Harima | View profile | 1001-5000 | Kitakyushu, Fukuoka, Japan, Asia | www.krosaki.co.jp/ |
| Shinagawa Refractories | View profile | 1001-5000 | Otemachi, Tokyo, Japan, Asia | www.shinagawa.co.jp/ |
| Vesuvius Media | View profile | 1-10 | Halifax, Nova Scotia, Canada, North America | www.vesuviusmedia.com/ |
India Refractories Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Refractories Market Outlook will help companies and investors design strategic landscapes.
Iron & Steel was the largest segment with a revenue share of 69.62% in 2025.
Horizon Databook has segmented the India refractories market based on cement & lime, iron & steel, non-ferrous metals, glass & ceramics covering the revenue growth of each sub-segment from 2021 to 2033.
The country is among the fastest-growing economies in the world and is witnessing several government initiatives that promote the growth of the manufacturing sector and encourage FDIs.
- India Refractories Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Iron & Steel
- Cement & Lime
- Glass & Ceramics
- Non-Ferrous Metals
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India Refractories Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Refractories Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Refractories Market, 2021-2033 (US$M)
India refractories market statistics, by end use, 2021-2033 (US$M)
