The industrial refractory materials market is expected to surge with a CAGR of 3.45% to achieve a market size of US$27.593 billion by 2025, from US$22.507 billion in 2019. The expanding development exercises worldwide alongside the developing urbanization are further giving a catalyst in powering the interest for refractory materials driving the market development. The developing worldwide automotive industry is likewise adding to the market development in the figure time frame. Also, the developing appropriation of consumer electronics, particularly in the developing economies of the world is driving the market growth in the figure time frame.