Saudi Arabia Refractory Market Research Report

1. Report Title Saudi Arabia Refractory Market Research Report GMI Research GMI Research See the Future Insights 1

2. Saudi Arabia Refractory Market: Growth Opportunities in the Saudi Arabia refractory market look promising over the next six years. The strong demand for refractories, particularly among the iron & steel industry, and the increasing pace of infrastructural development has stimulated the construction of commercial and residential buildings are key factors driving the growth of the Saudi Arabia refractory market. Request for a FREE Sample Report on Saudi Arabia Refractory Market Saudi Arabia Refractory Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The strong demand for refractories, particularly among the iron & steel industry, is a key driver propelling the growth of the refractory market in Saudi Arabia. The refractory material is majorly utilized in the internal lining of furnaces for the manufacturing of steel and iron in the vessel for holding and transportation of metal as well as slag. According to the World Steel Association, Saudi Arabia is a major player among 20 steel producers with a production capacity of 8.2 million tonnes in 2019 and 2018. There has been an increase in the construction sector in the nation due to the introduction of new government initiatives. The government has launched the "Saudi Vision 2030", including a strategic framework to reduce the country's oil dependence, diversify its economy, and for the development of public service sectors that include education, health, infrastructure, tourism, and recreation. Several projects like Jabal Omar, NEOM, Qiddiya, Red Sea Project are influencing the growth of the refractory market in Saudi Arabia. Furthermore, the high demand for construction services has fuelled the demand for cement and other building material. To fulfill the increasing demand, the Ministry of Commerce and Industry stated SAR 3 billion in capitalization for the advancement of four cement plants in the upcoming years. Thereby, the increasing pace of infrastructural development has bolstered the construction of commercial and residential buildings, which in turn, is accelerating the demand for refractories, especially in the iron & steel cement sectors. Saudi Arabia Refractory Market Segmentation: Segmentation by Form: •Shaped Refractories •Unshaped Refractories 2

3. Segmentation by Alkalinity: •Acidic & Neutral Refractories •Basic Refractories Segmentation by End-Use Industry: •Iron & Steel •Power Generation •Non-Ferrous Metal •Cement •Glass •Other Industries About GMI Research GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com 3