The Clay Products And Refractories Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Clay Products And Refractories Global Market Report 2024, The clay products and refractories market size has grown strongly in recent years. It will grow from $156.63 billion in 2023 to $166.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to steel and metal industries demand, global manufacturing trends, mining and extraction activities, infrastructure development, energy production needs.
The clay products and refractories market size is expected to see strong growth in the next few years. It will grow to $206.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to focus on sustainable refractory materials, increased demand from renewable energy, growing demand for specialty refractories, advanced manufacturing techniques, infrastructure resilience needs. Major trends in the forecast period include digitalization in manufacturing, technological advancements in refractory manufacturing, advanced refractory materials, demand for lightweight refractories, focus on energy-efficient kiln technologies.
The growth of the clay product and refractory manufacturing market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP is 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the clay product and refractory manufacturing market during the forecast period.
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The clay products and refractories market covered in this report is segmented –
1) By Type: Pottery, Ceramics, and Plumbing Fixtures, Clay Building Material and Refractories
2) By Process: Grinding, Cutting, Mixing, Shaping, Honing
3) By Material: Quartz, Chamatte, Sand, Sawdust, Slag, Pulverized Coal
4) By End User Vertical: Construction, Automobiles, Steel Making, Cosmetics, Food Industry, Other End Use Verticals
Top Major Players:
Shinagawa Refractories Co. Ltd.
Compagnie de Saint-Gobain S.A.I
XIL Group
Kyocera Corporation
The Siam Cement Group Public Company Limited
The Asia-Pacific was the largest region in the clay products and refractories market in 2023.
Major companies operating in the clay products and refractories market are developing new products such as 3D modelling applications to meet larger customer bases, more sales, and increase revenue. A 3D modelling application, often referred to as 3D modelling software or 3D design software, is a computer program or application that enables users to create, manipulate, and visualize three-dimensional objects or scenes. For instance, in August 2023, WASP, an Italy-based producer of 3D printers, launched Clay 3D printers, a new parametric 3D modelling application for printing clay. This product’s unique feature is its ability to give users free access to the program through the web so they may experiment, export geodes, and test them on their 3D printers using Version 0.2. Through a simple yet effective interface, this application strives to enhance the client experience in the field of 3D modelling.
The clay products and refractories market report table of contents includes:
1. Executive Summary
2. Clay Products And Refractories Market Characteristics
3. Clay Products And Refractories Product/Service Analysis -Product/Service Examples
4. Clay Products And Refractories Market Trends And Strategies
5. Clay Products And Refractories Market – Macro Economic Scenario
…..
68. Global Clay Products And Refractories Market Competitive Benchmarking
69. Global Clay Products And Refractories Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Clay Products And Refractories Market
71. Clay Products And Refractories Market Future Outlook and Potential Analysis
72. Appendix
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