NEW
YORK, May 16, 2024 /PRNewswire/ -- The
global clay market size is estimated to grow
by USD 6515.34 mn from 2023-2027,
according to Technavio. The market is estimated to grow at a CAGR
of 5.2% during the forecast period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download
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Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
End-user (Ceramic and
Non-ceramic), Application (Tableware, Sanitaryware, and Medical
applications), and Geography (APAC, Europe, North America, South
America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
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
|
Key Market Trends Fueling Growth
The global clay market is experiencing significant growth due to
technological advances in the production of new materials, such as
ductile clay, high-performance clay, and mineral additives. These
innovations are increasing productivity in the construction sector,
driven by rapid urbanization and infrastructure spending.
Manufacturing companies are adopting automated design methods,
leading to increased demand for clay minerals like kaolinite,
illite, and montmorillonite. Clay is used in various industries,
including medicine, cosmetics, and ceramics, as well as in bricks,
tiles, tableware, and decorative items. However, the shift to more
automated processes presents challenges for supply chain management
and increases product liability risks. Continuous innovation and
adoption of new materials are essential to address these challenges
and boost market growth. Additionally, clay is used in industrial
applications, such as drilling, extraction, paper, and refractory
bricks, and as industrial minerals and hydrated silicates. The
environmental impact of mining operations and clay waste products
is a concern, but green initiatives and energy storage systems
offer potential solutions.
Market Challenges
- The clay market is influenced by various factors, including the
price volatility of raw materials such as kaolinite, smectite,
chlorite, and mica. Mining guidelines and supply-demand imbalances
contribute to these price fluctuations. In March 2022, kaolinite cost approximately
USD238.31 per ton, while in
March 2023, the price rose to
USD281.06 per ton. This price
instability impacts manufacturing costs, potentially hindering
market growth during the forecast period. Rubber, catalysts,
ceramics, refractories, concrete, paints, coatings, fireplaces,
boilers, glass fusing, ceramic furnaces, high-temperature furnaces,
shields, heat generators, power plants, houses, chimneys,
construction projects, buildings, and fireproof structures are
among the numerous applications of clay. Additionally, intrinsic
threats like rising clay prices, bauxite availability, calcium
carbonate substitution, and R&D efforts in bioceramics and
sustainable supply solutions impact market trends. Operational
sustainability, efficiency, and innovative solutions are crucial
for market optimism amidst global economic growth repercussions and
potential case spreads or epicenters.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This clay market report extensively covers market segmentation
by
- End-user
- 1.1 Ceramic
- 1.2 Non-ceramic
- Application
- 2.1 Tableware
- 2.2 Sanitaryware
- 2.3 Medical applications
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Ceramic- The global clay market is
experiencing significant growth due to the increasing demand for
building materials, particularly in the ceramics industry for
flooring, wall, and ceiling applications. Clay, a key raw material,
is in high demand for various industrial uses, including
refractories, casting slips, glazes, and engobes. The packaging
sector, with its price sensitivity and volatility, is another
significant consumer of clay. Clay's chemical composition,
consisting of minerals, metal oxides, and organic dyes, makes it
suitable for various applications. In the ceramics industry, clay
is used to produce porcelain and other ceramic products. Its fine
particle size and waterproof properties make it ideal for use in 3D
printing and modeling for cars, appliances, and other industrial
applications. Industrial clays, such as kaolin, bentonite,
sepiolite, and parigolsquite, are essential for the production of
rubber and catalysts. Transportation costs and availability of raw
materials are critical factors affecting the clay market's growth.
The ceramics industry's reliance on high temperatures and hardness
during production necessitates the use of clay with specific
properties. Additionally, clay is used in various industries,
including concrete, paints, coatings, fireplaces, boilers, glass
fusing, ceramic furnaces, high-temperature furnaces, shields, and
heat generators in power plants.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Research Analysis
The clay market encompasses a wide range of applications,
including medicine, cosmetics, construction, and arts. Clay, a
natural material primarily composed of minerals, metal oxides, and
organic dyes, is the foundation of various industries. Its chemical
composition varies, with minerals such as kaolinite, illite, and
montmorillonite being common clay minerals. Hydrated silicates,
including aluminum, quartz, feldspar, and mica, contribute to the
clay's unique properties. Industrial clays are essential in the
production of ceramic products, such as bricks, tiles, tableware,
decorative items, and pottery. The hardness of clay allows it to
withstand high temperatures during the 3D printing process,
ensuring the durability and precision of the final product. Clay
minerals, specifically, play a crucial role in the manufacturing of
industrial minerals, further expanding the market's reach.
Market Research Overview
In the realm of commodities trading, Clay Market refers to a
specific segment where various types of clay are bought and sold.
This market caters to the demands of industries such as ceramics,
construction, and cosmetics, among others. The commodities traded
include kaolin, bentonite, and fuller's earth, which are sourced
from different parts of the world. These clays are known for their
unique properties, such as high absorbency, plasticity, and heat
resistance. The trading process involves various steps, including
sourcing, inspection, pricing, and transportation. The market is
influenced by several factors, including supply and demand
dynamics, geopolitical risks, and regulatory policies. Traders use
various strategies to manage risks and maximize profits in this
volatile market. The use of technology, such as data analytics and
automated trading systems, has become increasingly common in recent
years. Overall, the Clay Market is a dynamic and complex ecosystem
that requires a deep understanding of the underlying commodities,
market trends, and trading strategies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Application
-
- Tableware
- Sanitaryware
- Medical Applications
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research
and advisory company. Their research and analysis focuses on
emerging market trends and provides actionable insights to help
businesses identify market opportunities and develop effective
strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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