Global Refractory Materials Market Size, Share, Growth Trends & Forecast (2025–2032) | CAGR 4.7%
Global refractory materials market was valued at USD 232 million in 2024 and is projected to reach USD 313 million by 2032, growing at a CAGR of 4.7% during the forecast period (2025–2032), according to Intel Market Research.Market growth is primarily driven by rising demand from high-temperature industries, including steel, cement, glass, non-ferrous metals, chemicals, and power generation, where refractory materials are essential for lining furnaces, kilns, reactors, and other thermal equipment. These materials play a critical role in maintaining thermal stability, operational efficiency, and equipment longevity under extreme temperatures and corrosive conditions.

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Global Automated SMD Storage System Market to Expand at 7.6% CAGR from 2025–2032, Driven by Industry 4.0 Adoption and Rising Demand for Precision Component Handling
Global Automated SMD Storage System Market was valued at USD 1,213 million in 2024 and is projected to reach USD 1,996 million by 2032, registering a strong CAGR of 7.6% during 2025–2032. Growth is fueled by rapid Industry 4.0 adoption, rising miniaturization of electronic components requiring high-precision handling, and increasing investment in smart factory automation.Automated SMD storage systems integrate robotics, IoT connectivity, and intelligent inventory software to streamline reel storage, retrieval, and tracking—reducing human error and significantly boosting PCB assembly efficiency. With applications across consumer electronics, automotive electronics, aerospace, medical devices, and high-mix manufacturing environments, the market is set for sustained global expansion.

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