Dry Ramming Mass Market to Reach $3.2 Billion by 2028, Driven by Steel Industry Expansion and Technological Advances
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The dry ramming mass market is projected to reach $3.2 billion by 2028, growing at a CAGR of 6.8% from 2023-2028. Key growth drivers are expansion of the steel industry and enhanced efficiency/technology.
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Steel application segment is forecasted to be the largest by value during 2028. Dry ramming mass is used across various steelmaking processes.
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Alumina ramming mass is expected to account for the largest market share by type. It offers excellent thermal shock resistance and inertness.
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Lining is projected to be the largest function segment owing to the critical role of refractory linings in industrial processes.
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Asia Pacific is likely to be the fastest growing region due to rapid industrialization and growth in steel, metals, and foundry industries in China, India, and other countries.