Latin America Refractories Market Size & Outlook, 2026-2033
- Materials
- Advanced Materials
- Refractories Market Outlook
- Advanced Materials
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Latin America refractories market highlights
- The Latin America refractories market generated a revenue of USD 733.5 million in 2025.
- The market is expected to grow at a CAGR of 7.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 733.5 million |
| Market revenue in 2033 | USD 1,259.3 million |
| Growth rate | 7.3% (CAGR from 2026 to 2033) |
| Largest segment | Iron & steel |
| Fastest growing segment | Glass & Ceramics |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 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, Latin America region accounted for 1.5% of the global refractories market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Europe is the fastest growing regional market and is projected to reach USD 13,757.1 million by 2033.
The refractories market in Central and South America is poised for growth due to various economic factors, despite a decline in steel production of 6.0% from January to November 2023, as reported by the OECD.
The downturn in the steel sector, driven by inflation and the Russia-Ukraine conflict, underscores the crucial role of refractories in maintaining efficient production processes across cement, glass, and ceramics industries.
As steel demand stabilizes, the need for durable refractories will be essential to support high-temperature operations.
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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/ |
Latin America 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 66.5% in 2025.
Horizon Databook has segmented the Latin America 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 refractories market in Central and South America is poised for growth due to various economic factors, despite a decline in steel production of 6.0% from January to November 2023, as reported by the OECD.
The downturn in the steel sector, driven by inflation and the Russia-Ukraine conflict, underscores the crucial role of refractories in maintaining efficient production processes across cement, glass, and ceramics industries.
As steel demand stabilizes, the need for durable refractories will be essential to support high-temperature operations.
- Latin America 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 continent-level data and insights on the Latin America Refractories Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Refractories Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Refractories Market, 2021-2033 (US$M)
Latin America refractories market statistics, by end use, 2021-2033 (Kilotons)
