Global Clay Products And Refractories Market Trends And Strategies Of Major Players In The Clay Products And Refractories Market 2021-2030
29 Jan, 2021
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. Clay is procured from mining or quarrying companies, loaded by truck or front-end loader into a primary crusher, transferred to grinding mills, and further processed using grinding, mixing, cutting, shaping, and honing. Refractory materials are heated and then formed into bricks or other shapes for use in industrial applications.
Global Clay Products And Refractories Market Size And Drivers:
The global clay products and refractories market is expected to grow from $144.48 billion in 2020 to $157.85 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $196.72 billion in 2025 at a CAGR of 6%. Stable economic growth is expected to increase investments in end user markets, thereby driving the clay product and refractory manufacturing market during forecast period.
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Trends In The Global Clay Products And Refractories Market
Many clay product and refractory manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs.
Global Clay Products And Refractories Market Segments:
The global clay products and refractories market is further segmented based on type, end use vertical, process, material and geography.
By Type: Pottery, Ceramics, And Plumbing Fixtures, Clay Building Material And Refractories.
By End Use Vertical: Construction, Automobiles, Steel Making, Cosmetics, Food Industry, Others.
By Process: Grinding, Cutting, Mixing, Shaping, Honing.
By Material: Quartz, Chamotte, Sand, Sawdust, Slag, Pulverized Coal.
By Geography: The global clay products and refractories market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global clay products and refractories market, accounting for 46% of the total market.
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Clay Products And Refractories Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides clay products and refractories market overviews, analyzes and forecasts market size and growth for the global clay products and refractories market, clay products and refractories market share, clay products and refractories market players, clay products and refractories market segments and geographies, clay products and refractories market’s 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.