Overview and Scope
Clay products and refractories refer to types of materials that are heated and then formed into bricks or other shapes for use in industrial applications. Equipment and tools used in clay product manufacturing include crushers, grinders, wire cutters, high-pressure cylinders, rollers, dryers, and burners.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
The Asia-Pacific was the largest region in the clay products and refractories market in 2023. Western Europe was the second-largest region in the clay products and refractories market. The regions covered in the clay products and refractories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the clay products and refractories market report are Shinagawa Refractories Co. Ltd., Compagnie de Saint-Gobain S.A., LIXIL Group, Kyocera Corporation, The Siam Cement Group Public Company Limited, Corning Incorporated., Internacional De Cerámica S.A.B. De C.V., Mohawk Industries Inc., Saint-Gobain Ceramic Materials, Imerys S.A., RHI Magnesita N.V., Vesuvius PLC, Krosaki Harima Corporation, Orient Refractories Limited, CoorsTek Inc., Puyang Refractories Group Co. Ltd., Morgan Advanced Materials PLC, Chosun Refractories Co. Ltd., IFGL Refractories Ltd., Ceradyne Inc., HarbisonWalker International, Refratechnik Holding GmbH, P-D Refractories GmbH, Rath Group, Resco Products Inc., Magnesia Refractories Group, Calderys India Refractories Limited, Allied Mineral Products Inc., Refractories Especiales S.A., Dalmia Refractories Limited
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
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31. Belgium Clay Products And Refractories Market
32. Denmark Clay Products And Refractories Market
33. Finland Clay Products And Refractories Market
34. Ireland Clay Products And Refractories Market
35. Netherlands Clay Products And Refractories Market
36.Appendix
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