Product Code: ETC008689 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Refractories Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 9.75% in 2025, the market peaks at 13.10% in 2028, and settles at 10.97% by 2029.
The Refractories market in Philippines is projected to grow at a high growth rate of 13.05% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Philippines refractory market is projected to reach approximately USD 256 million by 2031 due to the increased demand for construction materials such as bricks and tiles. The country???s booming construction sector, positive economic outlook, and increasing investment in infrastructure are some of the key factors contributing to this growth. Additionally, rising industrialization across the region has further added up to its potential in terms of product sales
The rise in urban population coupled with growing disposable incomes has led to an increase in demand for high-end multistorey housing projects which require a large amount of refractory products that can withstand extreme temperatures. Moreover, there is an increasing focus on energy efficiency and cost reduction through improved insulation measures leading manufacturers are now investing heavily into research and development activities related to developing new types of low porosity ceramic fiber based products which offer superior thermal resistance at lower costs making them attractive alternatives relative other traditional options available currently. This trend will continue driving strong gains during the forecast period (2025-2031)
Growing investments towards infrastructure development have boosted domestic production process surrounding refractories in recent years creating opportunities for local players who specialize in manufacturing various types of these items such as insulating firebricks or repair mortars etcetera. Furthermore supportive government policies aimed at providing incentives tax exemptions etcetera have also enabled companies operating within this space gain access capital sources necessary undertake expansionary plans increase their respective capacities thus impacting overall market size positively over time frame considered herein report
There exists a lack of uniformity between different standards set by agencies regulating compliance with safety norms; thereby resulting higher costs associated with ensuring adherence regulations when it comes sourcing raw materials production processes involved manufacture these items further adding financial burden businesses trying comply such stringent directives ultimately affecting bottom lines negatively
Major participants operative Philippine???s refractorily industry include Ibiden Co Ltd , Vesuvius Group plc , RHI Magnesita Supplies Inc , Krosaki Harima Corporation & Showa Denko KK amongst others whose combined efforts account majority share pie revenue generated from international export markets 2025
Due lockdowns imposed countries around world due pandemic outbreak Covid19 spread multiple nations witnessed temporary closure factories operations
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Refractories Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Refractories Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Refractories Market - Industry Life Cycle |
3.4 Philippines Refractories Market - Porter's Five Forces |
3.5 Philippines Refractories Market Revenues & Volume Share, By Form Types, 2021 & 2031F |
3.6 Philippines Refractories Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.7 Philippines Refractories Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Philippines Refractories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Refractories Market Trends |
6 Philippines Refractories Market, By Types |
6.1 Philippines Refractories Market, By Form Types |
6.1.1 Overview and Analysis |
6.1.2 Philippines Refractories Market Revenues & Volume, By Form Types, 2021-2031F |
6.1.3 Philippines Refractories Market Revenues & Volume, By Shaped Refractories, 2021-2031F |
6.1.4 Philippines Refractories Market Revenues & Volume, By Unshaped Refractories, 2021-2031F |
6.2 Philippines Refractories Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 Philippines Refractories Market Revenues & Volume, By Non-clay Refractory, 2021-2031F |
6.2.3 Philippines Refractories Market Revenues & Volume, By Clay Refractory, 2021-2031F |
6.3 Philippines Refractories Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Philippines Refractories Market Revenues & Volume, By Iron & Steel, 2021-2031F |
6.3.3 Philippines Refractories Market Revenues & Volume, By Cement, 2021-2031F |
6.3.4 Philippines Refractories Market Revenues & Volume, By Non-Ferrous Metals, 2021-2031F |
6.3.5 Philippines Refractories Market Revenues & Volume, By Glass, 2021-2031F |
6.3.6 Philippines Refractories Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Refractories Market Import-Export Trade Statistics |
7.1 Philippines Refractories Market Export to Major Countries |
7.2 Philippines Refractories Market Imports from Major Countries |
8 Philippines Refractories Market Key Performance Indicators |
9 Philippines Refractories Market - Opportunity Assessment |
9.1 Philippines Refractories Market Opportunity Assessment, By Form Types, 2021 & 2031F |
9.2 Philippines Refractories Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.3 Philippines Refractories Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Philippines Refractories Market - Competitive Landscape |
10.1 Philippines Refractories Market Revenue Share, By Companies, 2024 |
10.2 Philippines Refractories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |