The dry ramming mass market is projected to reach USD 3.2 billion by 2028, at a CAGR of 6.8% from USD 2.3 billion in 2023. The market growth is driven by factors such as global expansion of the steel industry, enhanced cost and operational efficiency and continuous technological advancements. Dry ramming mass is a versatile and durable material that offers a number of benefits over traditional construction methods.
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The key players in the dry ramming mass market are Saint-Gobain (France), Dense Refractories Co., Ltd. (China), Imperial World Trade Private Limited (India), Vishva Vishal Refractory Limited (India), Refcast Corporation (India), Henan Xinmi Changxing Refractory Material Co., Ltd. (China), Casco Specialty Products, Inc.(US), Gita Refractories Private Limited (India), Shenghe Refractories (China), RHI Magnesita N.V. (Austria) etc. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
Saint-Gobain
Saint-Gobain is a French multinational corporation that manufactures and distributes construction and high-performance materials. The company was founded in 1665 and has operations in 66 countries with over 165,000 employees. Saint-Gobain’s products are used in a variety of applications, including construction, building materials, automotive, aerospace, and energy. The company is headquartered in Courbevoie, Hauts-de-Seine, France and has over 1,000 manufacturing facilities around the world. Saint-Gobain has four operating segments: New residential construction, non residential construction, renovation/infrastructure and industries. The company’s revenue in 2022 was USD 46.1 billion and it has over 200 subsidiaries, some of which include Saint-Gobain Glass, Saint-Gobain Glassolutions, Saint-Gobain Weber, and Saint-Gobain PAM. Saint-Gobain has a strong presence in Asia Pacific, with operations in over 20 countries and revenue of USD 14.0 billion in 2022.
Dense Refractories Co., Ltd.
Established in 2007, Dense Refractories Co., Ltd. has emerged as a prominent manufacturer of refractory materials in China. Headquartered in Zibo City, Shandong Province, the company boasts a comprehensive portfolio of high-quality refractory products, including castable refractories, precast shapes, dry ramming mixes, and specialized refractory materials. Catering to diverse industries such as steel, cement, aluminum, glass, and power generation, Dense Refractories Co., Ltd. is committed to delivering exceptional products, unparalleled service, and innovative solutions to its customers.
Strategically located manufacturing facilities in Zibo, Hebei, Henan, and Jiangsu enable Dense Refractories Co., Ltd. to efficiently produce and deliver its products to customers across the country. The company’s operations are organized into three distinct segments: the Steel Industry Segment, the Cement Industry Segment, and the Aluminum Industry Segment, allowing for focused expertise and tailored solutions for each industry’s specific needs.
In 2022, Dense Refractories Co., Ltd. achieved remarkable revenue of approximately USD 223.05 million, solidifying its position as a leading player in China’s refractory materials industry. Moreover, Dense Refractories Co., Ltd. has a strong presence in key Asia Pacific markets, including China, India, Japan, South Korea, and Southeast Asia. The company is a major supplier of refractory materials to the steel industry in these markets.
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Imperial World Trade Private Limited
Established in 2012, Imperial World Trade Private Limited has emerged as a prominent exporter, supplier, and trader of a comprehensive range of industrial products. Headquartered in Rajkot, Gujarat, India, the company has garnered a reputation for providing high-quality products, competitive pricing, and exceptional customer service, making it a trusted partner for various industries, including steel, cement, petrochemicals, power, metallurgy, and general applications.
Their extensive product portfolio caters to the diverse needs of their customers, ensuring they find the right products for their specific applications. Imperial World Trade Private Limited operates through five distinct segments: Refractory Division, Engineering Division, Generator Division, Heavy Machinery Division, and Agricultural Machinery Division. This diversification strategy allows the company to address the diverse needs of its customers across various industries, including steel, cement, petrochemicals, power generation, construction, mining, infrastructure, agriculture, and more. By strategically managing each segment, Imperial World Trade Private Limited can capitalize on growth opportunities, mitigate risks associated with overreliance on a single market, and maintain its position as a leading supplier of industrial products.
Vishva Vishal Refractory Limited
Established in 1989, Vishva Vishal Refractory Limited, headquartered in Bhilai, Chhattisgarh, India, stands as a testament to unwavering commitment to quality and innovation in the refractory industry. With over three decades of experience, the company has garnered a reputation for manufacturing high-performance refractory products that safeguard industrial processes, extending the lifespan of furnaces and equipment.
Their expertise encompasses a comprehensive range of refractory products, including castables, ramming masses, gunning mixes, porous plugs, impact pads, and shaped refractories. These products are meticulously crafted using carefully selected raw materials and advanced manufacturing techniques, ensuring they meet the stringent requirements of various industries, including steel, cement, power, and glass.
Vishva Vishal Refractory Limited has more than 245 customers worldwide and has an international presence in 5 countries namely South Africa, USA, Spain, Italy and Bangladesh. Vishva Vishal Refractory Limited’s dedication to quality is unwavering, as evidenced by their ISO 9001:2015 certification. Additionally, the company actively engages in research and development collaborations with renowned international institutes, such as LIRR (China), MAK (Ukraine), and McKeown (USA), to continuously enhance their product offerings.
Refcast Corporation
Refcast Corporation is a leading provider of refractory solutions, operating in two primary segments: refractory products and technical services. Established in 2013 and headquartered in Gujrat, India, the company has garnered a reputation for quality, innovation, and customer service. Refcast holds a strong position in the Asia Pacific ramming mass market, recognized for its expertise and reliability. The company sources raw materials from reputable suppliers worldwide and maintains strong relationships with its customers, spanning across various countries in the Asia Pacific region.
Refcast Corporation has two manufacturing facilities in India, strategically located in Navi Mumbai, Maharashtra, and Visakhapatnam, Andhra Pradesh. Both facilities are equipped with state-of-the-art technology and adhere to strict quality control measures to ensure the consistent production of high-performance refractory products. The Navi Mumbai facility is the company’s primary production center, while the Visakhapatnam facility serves as a complementary production unit. These strategically placed facilities enable Refcast Corporation to efficiently supply refractory products to customers across India and beyond.
Refcast Corporation’s geographic reach extends to various countries, including Bangladesh, Bhutan, Maldives, Nepal, Sri Lanka, Myanmar, Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
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