The Asia Pacific region is considered to be the largest market for refractories, and its manufacturing and industrialization processes are booming.

The Asia-Pacific region is expected to continue to dominate the global refractory market in the next five years. In the Asia-Pacific region, China is the largest economy in the world with a large number of manufacturing facilities and production bases. Due to the availability of locally available raw materials, China dominates the refractory market both in terms of consumption and production.

Refractory bricks and shaped refractory products occupy a significant market share and are also likely to show high growth.

In the next five years, the refractory market is expected to continue to be dominated by refractory bricks and shaped refractory products. Shaped firebricks are specially produced for specific kilns and are usually machine pressed. In addition, due to their high use in the metal and non-metal industries, refractory bricks and shaped products may continue to occupy a significant market share. According to China's five-year plan announced in January 2022, the construction industry is expected to grow at a compound annual growth rate of 6%, thus indicating that more steel production will lead to growth in refractory bricks and shaped refractory products.