South Korea Recycled Refractories Market Size, Share, and COVID-19 Impact Analysis, By Product (Silica, Alumina, and Magnesia), By End-use (Iron & Steel, Cement & Lime, Glass & Ceramics, and Non-Ferrous Metals), and South Korea Recycled Refractories Market Insights, Industry Trend, Forecasts to 2035

South Korea Recycled Refractories Market Insights Forecasts to 2035

• The South Korea Recycled Refractories Market Size Was Estimated at USD 393.4 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.05% from 2025 to 2035
• The South Korea Recycled Refractories Market Size is Expected to Reach USD 921.5 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea Recycled Refractories Market Size is Anticipated to Reach USD 921.5 Million by 2035, Growing at a CAGR of 8.05% from 2025 to 2035. Heat-resistant and essential in high-temperature operations like the manufacturing of steel, cement, and glass, refractory materials are frequently exposed to harsh environments that cause wear and deterioration.

Market Overview

The recycled refractories market involves the processing and reuse of spent refractory materials, commonly used in high-temperature industrial applications like steel, cement, and glass production. Recycling refractories reduces landfill waste, lowers raw material costs, and minimizes environmental impact. Resource conservation, energy savings, and improved sustainability. Recycling processes, expanding industrial demand for eco-friendly materials, and the growing adoption of circular economy practices. South Korea, such as stricter environmental regulations, incentives for green manufacturing, and support for recycling infrastructure, is further boosting market growth. These efforts encourage industries to shift toward sustainable production practices, creating long-term growth potential for the recycled refractories sector across diverse end-use industries.

Report Coverage

This research report categorizes the market for South Korea recycled refractories market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea recycled refractories market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea recycled refractories market.

Driving Factors

The rising raw material costs, and increasing demand for sustainable manufacturing practices. Industries such as iron & steel, cement, and glass are adopting recycled materials to reduce waste and lower production costs. Technological advancements in recycling processes have improved the quality and efficiency of reused refractories, encouraging wider adoption.

Restraining Factors

Contamination and degradation during use can reduce the efficiency and performance of recycled materials. Additionally, the lack of standardized recycling processes and infrastructure poses operational challenges. High initial investment costs for recycling facilities and limited awareness among end-users further hinder market growth.

Market Segmentation

The South Korea recycled refractories market share is classified into product and end-use.

• The silica segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea recycled refractories market is segmented by product into silica, alumina, and magnesia. Among these, the silica segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Its wide availability, cost-effectiveness, and extensive use in the steel and glass industries. Its strong thermal resistance and recyclability support sustainable manufacturing.

• The iron & steel segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea recycled refractories market is segmented by end use into iron & steel, cement & lime, glass & ceramics, and non-ferrous metals. Among these, the iron & steel segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. High refractory consumption in steelmaking processes. Growing steel production, coupled with increasing emphasis on cost reduction and sustainability, is driving demand for recycled refractories.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea recycled refractories market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• lululab
• TOUN28
• Chowis Co., Ltd.
• Reziena
• LILLYCOVER
• Medicube
• AmorePacific
• BluePrintLAB
• Skin Food
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea recycled refractories market based on the below-mentioned segments:

South Korea Recycled Refractories Market, By Product

• Silica
• Alumina
• Magnesia

South Korea Recycled Refractories Market, By End-use

• Iron & Steel
• Cement & Lime
• Glass & Ceramics
• Non-Ferrous Metals