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The Clay market is estimated to grow by USD 6.51 billion between 2022 and 2027, accelerating at a CAGR of 5.2% during the forecast period. The growth of the market depends on several factors, such as the expansion of the construction industry serves as a primary catalyst, driving the demand for ceramics across residential, commercial, and infrastructure projects. Simultaneously, the robust demand for ceramics in various applications further fuels market growth, reflecting its versatility and widespread utility. Additionally, the ongoing trend of urbanization plays a crucial role, as burgeoning urban populations drive the need for modern infrastructure and construction activities. Together, these factors underscore the market's resilience and potential for sustained growth in the foreseeable future.
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The clay market is diverse, serving various industries like medicine and cosmetics, where illite and montmorillonite are used for their beneficial properties. From bricks and decorative items to pottery and tableware, clay offers versatility in creating ceramic products. Hydrated silicates and aluminum enhance their properties for infrastructure development projects like the Belt and Road Initiative. Industrial clays undergo rigorous processing for applications in 3D printing and industrial minerals. Understanding its chemical composition and containing minerals like quartz and feldspar is crucial for producing durable tiles and 3D models. Amidst technological advancements, clay remains a cornerstone in creating a wide range of ceramic products with its unique hardness and ability to withstand high temperatures.
In the market, sustainable products derived from bauxite and calcium carbonate are gaining popularity due to their excellent adhesion properties. Fine particles of these minerals are essential for various industries, leading to increased demand and transportation costs. Bauxite and calcium carbonate clays are key components in the production of ceramics, construction materials, and other industrial applications.
Our market growth and forecasting report has the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop market forecasting strategies from 2022 to 2027.
Global market Customer Landscape
The clay market is influenced by diverse sectors, from construction to medicine and cosmetics. High-temperature furnaces drive demand in the refractory bricks segment, while foot prohibitions due to work stoppage orders during crises impact manufacturing companies. The oil & gas industry relies on clay for drilling and extraction, facing challenges like low availability of quality raw materials and environmental impact on water bodies. Innovations like bioceramics and nanoclays aim for sustainable supply and environmentally friendly products, catering to global economic growth trends and rapid urbanization. However, rising clay prices and mining operations contribute to soil erosion and necessitate green initiatives for operational sustainability. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The growth of the construction industry is the key factor driving the growth of the global market share. The growth in the construction sector is expected to have a direct impact on the growth of the global market. Increasing demand for traditional ceramic products such as floor tiles and tableware will positively impact the expansion of the global market during the forecast period. The Asia-Pacific region is expected to offer many opportunities for players operating in the market, while the Middle East, Africa, and Latin America are estimated to emerge as major markets during the forecast period.
Moreover, the significant increase in disposable income of individuals around the world is another factor that is likely to drive the growth of the market as consumers increasingly spend on high-quality ceramic products during the forecast period.
The adoption of new construction materials is the primary trend in the market expansion. The construction industry is poised to undergo multiple changes regarding the implementation and integration of technology within the industry. The use of new materials and the shift to using off-the-shelf modular building blocks increase productivity. The emergence of new building materials, such as durable, high-performance, and mineral additives combined with volcanic tuff, is due to technological advances in the production of these materials for use in construction sites.
Companies are slowly moving to more automated, manufacturing-based design methods, but this requires more comprehensive and efficient supply chain management. It also increases product liability risks for construction companies. Thus, continuous innovation and adoption of new materials are expected to boost the market growth and trends.
Volatile raw material prices are major challenges to the growth of the industry. The is manufactured from raw materials such as kaolinite, smectite, chlorite, and mica. These raw materials are minerals found in soil. The mining guidelines fluctuate continuously, which would vary the prices of these raw materials.
In addition, the supply-demand imbalance leads to price fluctuation of raw materials. Price of kaolinite in the US in March 2022 was around USD238.31 per ton, and in March 2023, it was around USD281.06 per ton. Therefore, volatility in these prices will impede the manufacturing cost of the clay, leading to a decline in the growth of the market in focus during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Active Minerals International LLC: The company's key offerings include Attapulgite clay. Also, the company offers the production, supply and marketing of kaolin and gel quality attapulgite clay minerals for industrial, agricultural and construction-related applications.
Burgess Pigment Co.: The company offers BURGESS ICECAP K and BURGESS ICEBERG. Also, the company offers paints, coatings, polymers, adhesives, cement, concrete and polishes among others.
The market report also has detailed analyses of the market’s competitive landscape and offers information on 20 market Companies, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies Companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market plays a pivotal role in numerous sectors, ranging from construction where it's used for making houses and infrastructure, to healthcare where it's utilized in producing medical supplies and life support products. Amidst global challenges and repercussions, the market maintains an optimistic growth rate with widespread applications across various end-consumer industries. Ongoing R&D efforts and innovative solutions ensure efficiency and ductility in clay-based products, catering to cutting-edge trends and demands for sustainable and recycled materials. From cookware to packaging, clay continues to be indispensable, offering low capital investment solutions and supporting global economic conditions in sectors like ceramics and paper manufacturing.
The ceramic segment will account for a major share of the market's growth during the forecast period. The increasing demand from multiple industrial applications, such as refractory material, for furnaces, casting slips, glazes, and engobes, along with residential applications (sanitary ware and floor tiles), is expected to drive the growth of the global clay during the forecast period.
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The ceramic segment was valued at USD 11.96 billion in 2017 and continued to grow until 2021. Growing construction activity across the globe is increasing the demand for building materials such as flooring, wall, and ceiling materials. The tiles are used not only for floors but also for walls and ceilings. Many manufacturers use clay to achieve the desired plasticity and reduce the negative effects on the whiteness and drying properties of the materials during drying. The fine particle size of powder clay is waterproof. Such factors will increase the segment growth during the forecast period.
Based on application, the market has been segmented into tableware, sanitaryware, and medical applications. The tableware segment will account for the largest share of this segment. Demand for tableware is increasing from factors such as increased consumer spending on housewares and specialty materials. Increasing online sales through a well-established distribution network and the launch of mobile applications by Companies for the sale of products through online channels will boost the demand for tableware, which, in turn, will drive the growth of the market during the forecast period.
APAC is estimated to contribute 39% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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Factors such as the high foreign investment in land development, hotels, office buildings, international exhibition halls, and the construction and operation of large theme parks is increasing in the region. Due to these factors, the demand for sanitary ware, wall and floor tiles, and other ceramics is expected to increase in the region, which will increase the demand. This, in turn, will fuel regional market growth during the forecast period.
The chemical composition of materials like metal oxides, organic dyes, and industrial clays plays a crucial role in various applications. These materials exhibit specific properties, including hardness and resistance to high temperatures, making them suitable for diverse purposes. In the realm of manufacturing, 3D printing utilizes materials such as industrial clays to create intricate 3D models for applications in cars, appliances, and more. Clays like bentonite, sepiolite parigolsquite, and rubber find applications as catalysts, refractories, and in products like fireplaces, boilers, and glass fusing. They are integral to the construction industry for ceramic furnaces, high-temperature furnaces, shields, and heat generators in power plants and chimneys. These materials contribute to the fireproof nature of construction projects, influencing factors like clay prices and the production of floor and wall tiles. Other components such as talc, feldspar, quartz/silica, and plasticine further diversify the range of applications, extending to offices and beyond.
In the ever-evolving landscape of the market, various factors come into play. From the case spread of its applications to the identification of epicenters of demand, every impacting factor influences the market's dynamics. Domestic output and infrastructural spending further shape its trajectory, guided by central government policies and extensive studies. Analyzing trends and making future estimations help identify imminent investment pockets for sustainable practices like utilizing recycled clays and managing clay waste products. Moreover, innovations in water purification technologies, energy storage systems, and applications in pharmaceutical formulations and packaging sectors bolster the ceramics industry and porcelain production.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Clay Market Scope |
|
Report Coverage |
Details |
Page number |
149 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.2% |
Market growth 2023-2027 |
USD 6.51 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.0 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies , Market Positioning of Companies , Competitive Strategies, and Industry Risks |
Key companies profiled |
Active Minerals International LLC, Austin White Lime Co.Ltd., Burgess Pigment Co., Compagnie de Saint Gobain, Ecobat LLC, Eczacibasi Holding AS, Edgar Minerals Inc., Gleason Clay Co., Imerys S.A., Industrial Minerals Co., KaMin LLC, Lhoist SA, Minerals Technologies Inc., Old Hickory Clay Co., Plainsman Clays Ltd., Quartz Works GmbH, Rasheed Performance Minerals, Reade International Corp., SCR Sibelco NV, and Superior Clay Corp |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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