Press release
Clay Products And Refractories Market Size, Share, Trends, Insights And Forecast To 2033
Clay Products And Refractories Market Overview
The Business Research Company presents an extensive market research report on the Clay Products And Refractories Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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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Key Market 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., Refractarios Especiales S.A., Dalmia Refractories Limited
Market Drivers:
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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/clay-products-and-refractories-global-market-report
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 report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Market Insights
Refractories market is estimated to grow at the growth rate of 4.13% for the forecast period of 2020 to 2027. Demand for electrical, automotive, aerospace, glass, cement industries will drive the growth of the market.
Refractories are heat resistant than other metals, they are used for lining hot surfaces and found inside many industrial processes. They are available in different shapes and sizes, are pressed, molded or produced in interlocking…
