Earthen Plasters Market worth $103 million by 2026 : Leading Players are American Clay Enterprises LLC (US), Clayworks (India), Claytech Baustoffe Aus Lehm (UK), Conluto (Germany) and Clay.lt (Lithuania)
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Aluminum is expected to be the fastest-growing type in the earthen plasters market during the forecast period.
Aluminum is the fastest-growing type segment in the Earthen plasters market. Aluminum stabilize clay minerals by decreasing critical coagulation concentration, clay dispersion, water uptake, and clay swelling and by increasing micro aggregation. It accounted for a share of about 27.9% of the earthen plasters market, in terms of value, in 2020.
APAC is expected to hold the largest market share in the global earthen plasters market during the forecast period.
APAC accounted for the largest share of the earthen plasters market in 2020. The market in the region is growing because of growing demand from roofs, masonary and walls application sectors. The market is also driven by foreign investments, supported by cheap labor and economical and accessible raw materials.
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American Clay Enterprises LLC (US), Clayworks (India), Claytech Baustoffe Aus Lehm (UK), Conluto (Germany) and Clay.lt (Lithuania) are the leading earthen plasters manufacturers, globally.
COVID-19 Impact on the Earthen plasters market
The global earthen plasters market includes major Tier I and II suppliers like American Clay Enterprises LLC (US), Clayworks (India), Claytech Baustoffe Aus Lehm (UK), Conluto (Germany) and Clay.lt (Lithuania). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, and Rest of the World. COVID-19 has impacted their businesses as well.
The global earthen plasters market is expected to witness a slower growth rate in 2020-2021, as the building & construction sectors have been significantly hit by the covid-19 pandemic. China is expected to recover as the impact of the pandemic decreases. Southeast Asia and India is expected to have significant growth. MEA will experience a moderate growth. A modest increase is expected in North America, Central and South America, Central and Eastern Europe, and other Northeast Asian markets (excluding China and Japan). The market will grow with a limited pace in Europe and Japan.
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