About Refractories
There are 489 companies in the Refractories sector across the world, with 5 funded companies having collectively raised $3.54M in venture capital money and private equity. Overall 16 of these are Series A+ funded.
Refractories sector has seen 4 acquisitions and 11 IPOs.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
IPOs
Acquisitions
Top Companies in Refractories
There are more than 489 companies in Refractories. RHI Magnesita is the top Refractories company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Refractories companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Manufactures and supplies refractory products, systems and services | Vienna (Austria) | 1834 | Public | - | |
Manufacturer and supplier of refractory products for steel plants | Hyderabad (India) | 2017 | Series A | $2.7M | |
Leading provider of refractory products and premium foundry coatings, catering to a diverse range of industries including foundries, refineries, and petrochemicals | Pune (India) | 2008 | Unfunded | - | |
Manufacturer of refractory bricks, castables, and insulating materials | - | Unfunded | - | ||
Manufacturer of high-quality ceramic products with global distribution | - | 2003 | Public | - |
Companies founded year-on-year in the Refractories sector
19 Refractories startups were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 2 |
2023 | 10 |
2022 | 19 |
2021 | 14 |
2020 | 16 |
2019 | 8 |
2018 | 4 |
2017 | 4 |
Companies founded across countries in the Refractories sector
India has 155 Refractories startups, the most by any country, followed by China which has 34 startups and United States which has 23.
- Total Number of Companies
Country | No. of companies |
|---|---|
India | 155 |
China | 34 |
United States | 23 |
United Kingdom | 21 |
Germany | 18 |
France | 5 |
Russia | 5 |
South Africa | 4 |
Japan | 3 |
Australia | 3 |
Stage-wise distribution of the Refractories sector
Out of the total 489 Refractories companies, 5 have secured funding. Among them, 16 have reached Series A or higher, and 15 to Series B or beyond.
Founded - 489
Funded - 5
Series A+ - 16
Series B+ - 15
Series C+ - 15
Company Stage | No. of companies |
|---|---|
Founded | 489 |
Funded | 5 |
Series A+ | 16 |
Series B+ | 15 |
Series C+ | 15 |
Want to know more about Refractories ? Signup and explore Tracxn for free
- 485+ Total Companies
- $3.54M+ Total Funding
- 5 Funded Companies
- 10+ IPOs
- 4 Acquisitions
Funding Trends in the Refractories sector
Total funding year-on-year in the Refractories sector
The Refractories sector saw a total funding of more than $3.54M in the last 10 years. The most amount of funding was in 2024 at more than $1.91M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $1.91M |
2023 | $667K |
2022 | $47.7K |
2021 | $115K |
2020 | $657K |
2019 | $144K |
Total funding across countries in the Refractories sector
In the last 10 years, Refractories startups in India have recieved the highest funding among all countries - $2.7M. Austria follows with $801K and Czech Republic with $33.9K.
- Total Funding
Country | Total Funding |
|---|---|
India | $2.7M |
Austria | $801K |
Czech Republic | $33.9K |
Total funding amount raised by stage in the Refractories sector
Over the last 10 years, the Refractories sector have seen $796K into Seed Stage funding rounds and $1.91M into Early Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Early Stage | $1.91M |
Grant | $835K |
Seed Stage | $796K |
Recent Funding Rounds in Refractories
In the year 2024, till September 2024, Refractories companies have raised $1.91M in equity funding across 1 round.
In the same period last year (i.e. till July 2023), Refractories companies had raised $667K across 1 round.
So, 2024 has seen a 186.23% rise in funding in Refractories companies as compared to 2023.
Here are some recent, important funding rounds in Refractories:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 4289 | Sep 30, 2024 | ||
Seed | 6996 | Jul 03, 2023 | ||
Angel | 1524 | Jan 14, 2022 | and 1 more | |
Angel | 5541 | Aug 06, 2021 |
Top Investors in Refractories
Europa is the top investor in Refractories companies based on number of companies invested.
Here are some top investors in Refractories:
Investor | Location | Top Portfolio Companies |
|---|---|---|
- | - | |
- | - | |
- | ||
London (United Kingdom) |
M&A activity in Refractories
In the year 2026, till March 2026, 1 acquisition happened in Refractories sector. Last year, in 2025, a total of 2 acquisitions happened in Refractories sector.
Here are some recent, important acquisitions in Refractories:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 25, 2026 | - | |
Business Acquisition | Sep 24, 2025 | ||
Business Acquisition | Aug 22, 2025 | ||
Business Acquisition | Mar 2006 |
Acquisition trends in Refractories
Here are the acquisition trends in Refractories:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 2 |
2024 | - |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in Refractories
In the year 2025, till December 2025, 1 IPO happened in Refractories sector.
Here are some recent, important IPOs in Refractories:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 03, 2025 | Hong Kong Exchanges (HKG) | |
Oct 27, 2017 | London Stock Exchange (LSE) | |
Apr 07, 1950 | Tokyo Stock Exchange (TSE) |
Top News in Refractories
•
RHI Magnesita results saved by acquisitions amid low refractory demandShareprices•Feb 28, 2024•RHI Magnesita
•
RHI Magnesita eyes USD 1 bn revenues from India, Middle East , Africa RegionDevdiscourse•Dec 10, 2023•RHI Magnesita
•
•
•
•
RHI Magnesita first half profit down as costs outweigh rising revenueMorningstar•Jul 27, 2023•RHI Magnesita
•
•
RHI Magnesita reports lower quarterly sales volumes as demand softensMorningstar•May 05, 2023•RHI Magnesita
•
•
