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Clay Products And Refractories Industry Outlook 2025-2029: Market Set to Cross $188.82 Billion Milestone
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Clay Products And Refractories Market Size By 2025?
The market size for clay products and refractories has witnessed a consistent growth in the past few years. This market is expected to increase from $151.31 billion in 2024 to $157.43 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.0%. The increase observed during the historic period is due to the demand from steel and metal industries, global manufacturing trends, mining and extraction activities, infrastructure development, and the requirement for energy production.
How Big Is the Clay Products And Refractories Market Size Expected to Grow by 2029?
Anticipated steady growth is seen in the clay products and refractories market over the coming years, with it projected to reach $188.82 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.6%. This predicted growth during the forecast period may be due to several factors such as a focus on sustainable refractory materials, rising demand from the renewable energy sector, increasing need for specialty refractories, advanced production techniques, and infrastructure resilience requirements. Other anticipated trends during this period include the digitization of manufacturing, technological advancements in refractory production, development of advanced refractory materials, the increasing demand for lightweight refractories, and a spotlight on energy-efficient kiln technologies.
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Which Key Market Drivers Powering Clay Products And Refractories Market Expansion and Growth?
The forward movement of the clay products and refractories market is anticipated to be driven by continuous economic growth. This term denotes a steady and prolonged rise in a country's economic yield over time, identified by minimal fluctuations, low inflation, and constant job creation that contribute to financial stability and improved quality of life for its citizens. This continuous economic growth promotes the clay products and refractories sector by encouraging greater demand for construction materials and industrial applications. Consequently, this leads to increased production levels, investment in new technologies, and extended market opportunities for manufacturers. For instance, the Federal Reserve Board reported in May 2023 that in 2022, 40% of adults noticed a rise in their family's monthly expenses compared to the previous year, while 33% saw an increase in monthly income. The continuous economic growth is projected to augment investments in end-user markets, thus pushing the clay product and refractory manufacturing market during the predicted period.
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Which Fast-Growing Trends Are Poised to Disrupt the Clay Products And Refractories Market?
Leading firms in the clay products and refractories market are leveraging advanced technologies such as robotic clay printing to achieve a competitive advantage. This technology involves using robotic arms fitted with dedicated extruders to layer and shape clay substances, thereby facilitating the production of complex designs and structures with great accuracy and efficiency. For example, in September 2024, researchers at the Switzerland-based university, ETH Zurich, innovated a new robotic additive manufacturing technique with the aim of enhancing sustainability in the construction sector. This method deviates from conventional concrete 3D printing by eliminating the necessity for cement. This approach, referred to as impact printing, employs inexpensive, readily accessible, and low-carbon terrestrial materials such as clay and dug-out soil.
What Are the Emerging Segments in the Clay Products And Refractories Market?
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
Subsegments:
1) By Pottery: Earthenware, Stoneware, Porcelain
2) By Ceramics: Traditional Ceramics, Advanced Ceramics
3) By Plumbing Fixtures: Sanitaryware, Bathtubs And Showers, Urinals
4) By Clay Building Material And Refractories: Bricks, Roof Tiles, Clay Blocks, Monolithic Refractories, Insulating Refractories
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Who Are the Global Leaders in the Clay Products And Refractories Market?
Major companies operating in the clay products and refractories market include 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
Which are the Top Profitable Regional Markets for the Clay Products And Refractories Industry?
Asia-Pacific was the largest region in the clay products and refractories market in 2024. 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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