Rockville , Aug. 11, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, The global recarburizers market is estimated to reach a valuation of US$ 557.6 million in 2023 and is expected to grow at a CAGR of 5.7% during the forecast period of 2023–2033.
Recarburizers are used to add carbon content to molten metal during the steelmaking process, as well as in the production of cast iron. The carbon content is essential for achieving the desired properties in the final product.
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With the growing iron or steel production the demand for such products multiplies. As in order to enhance the density and ductility of the steel carbon is added in the iron during the steel production. This also improves the overall strength and conductivity of the steel. Hence, surging demand for steel across numerous end-use verticals such as automotive, construction, aerospace, and others. On the back of growing steel demand the production of steel is expected to increase thus driving recarburizers demand.
Report Attributes | Details |
| Forecast Period | 2023 - 2033 |
| Value Projection (2033) | US$ 970.7 Million |
| Growth Rate (2023-2033) | 5.7% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 84 Tables |
| No. of Figures | 74 Figures |
Key Takeaways from Market Study
- The global recarburizers market is projected to grow at 5.7% CAGR and reach US$ 970.7 million by 2033
- The market reached a valuation of US$ 527.5 million in 2022 growing at a CAGR of 2.5% between 2018 to 2022
- Predominating market players include Elkem, Anyang Jinbeite Metallurgical Refractories Co., Ltd, Anyang Wanhua Metal Material Co., Ltd, Pioneer Carbon, Anyang Xinlongsen Metallurgical Material Co., Ltd, JuChun Carbon, Henan Chenggang Metal Materials Co., Ltd., Hunan Xintan New Material Co., Ltd. and Shijiazhuang Huanan Carbon Factory Co., Ltd.
- Steel production application is estimated to grow at a CAGR of 6.0% during the forecast period
- US recarburizers market is estimated to reach a valuation of US$ 293.2 million by the end of the year 2033
“Recarburizers: Material to Enhance Steel’s Overall Performance and Strength” says a Fact.MR analyst.
Key Companies Profiled in This Report
- Anyang Jinbeite Metallurgical Refractories Co., Ltd.
- Anyang Wanhua Metal Material Co., Ltd
- Anyang Xinlongsen Metallurgical Material Co., Ltd
- Elkem
- Henan Chenggang Metal Materials Co., Ltd.
- Hunan Xintan New Material Co., Ltd.
- JuChun Carbon
- Pioneer Carbon
- Shijiazhuang Huanan Carbon Factory Co., Ltd.
Market Growth Stratagems
Manufacturers are establishing long-term trade relations with known steel and iron manufacturers in order to survive during unfavorable trade situations. Also, network enhancement and connecting with a wide distribution network enable companies to reach out to potential customers globally.
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Segmentation of Recarburizers Industry Research Report
- By Material:
- Petroleum coke
- Charcoal
- Graphite
- Natural graphite
- Synthetic graphite
- Anthracite
- By Application:
- Casting
- Smelting
- Steel Production
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the recarburizers market, presenting historical market data (2018–2022) and forecast statistics for the period of 2023–2033.
The study reveals essential insights on the basis of material (petroleum coke, charcoal, graphite (natural graphite and synthetic graphite), and anthracite), application (casting, smelting, and steel production), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia, and Oceania, Middle East & Africa).
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