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How Global Clay Products And Refractories Market Players Should Strategize For 2022-2031

15 Jul, 2022

The global clay products and refractories market size is expected to grow from $133.21 billion in 2021 to $146.16 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The clay product and refractory market size is expected to grow to $205.16 billion in 2026 at a CAGR of 8.8%.

What is the Global Clay Products And Refractories Market?

The clay products and refractories market consists of sales of clay and refractory products by entities (organizations, sole traders, and partnerships) engaged in shaping, molding, glazing, and firing pottery, ceramics, plumbing fixtures, and electrical supplies made entirely or partly of clay or other ceramic materials, refractories, non-clay refractories, ceramic tiles, bricks, and other structural clay building materials. Refractory materials 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.

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What drives the Global Clay Products And Refractories Market?

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 3.3% in 2020 and 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 the 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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Global Clay Products And Refractories Market Segments
The global clay products and refractories market is segmented:
By Type: Pottery, Ceramics, and Plumbing Fixtures, Clay Building Material and Refractories
By Process: Grinding, Cutting, Mixing, Shaping, Honing
By Material: Quartz, Chamatte, Sand, Sawdust, Slag, Pulverized Coal
By End-User Vertical: Construction, Automobiles, Steel Making, Cosmetics, Food Industry, Others
By Geography: The regions covered in the clay products and refractories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Clay Products And Refractories Global Market Report 2022provides market size and growth forecasts for the global clay products and refractories market, global clay products and refractories market share, clay products and refractories market segments and geographies, clay products and refractories market competitive landscape including leading competitors’ revenues, profiles and market shares. The clay products and refractories market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Clay Products And Refractories Industry Playersinclude LIXIL Group, Internacional De Cerámica, S.A.B. De C.V, Kyocera Corporation, Compagnie de Saint-Gobain S.A., Mohawk Industries, Inc, RHI Magnesita N.V, The Siam Cement Group Public Company Limited, Imerys S.A, Vesuvius plc, and Corning Incorporated. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.