The clay product and refractory market comprises of sales of clay product and refractory products by numerous entities (organizations, sole traders and partnerships) employed in shaping, molding, glazing, and firing pottery, ceramics, plumbing fixtures, and electrical supplies made completely or partly of clay or several other ceramic materials, refractories, non-clay refractories, ceramic tiles, bricks, and several other structural clay building materials. Clay is obtained from mining or quarrying corporates, loaded by truck or front-end loader into a chief crusher, transferred to grinding mills, and further administered using grinding, mixing, cutting, shaping, and honing. Refractory materials are heated and then shaped into bricks or other shapes for usage in industrial applications. Equipment and tools optimized in clay product manufacturing comprise crushers, grinders, wire cutters, high-pressure cylinders, rollers, dryers, and burners. The Clay products find applications in construction, steel making, cosmetics, and food industry.
According to the report analysis, ‘Clay Product And Refractory Global Market Report 2020-30: Covid 19 Impact and Recovery’ states that Dal-Tile; Gerber Plumbing Fixtures; RHI AG; Vesuvius; Kyocera and several others are the key companies which recently operating more efficiently in the clay product and refractory global market during the recent era while establishing the several research and development programs, spreading the awareness connected to the applications, increasing the applications and specifications of such, analysing the strategies and policies of the government as well as corporates, implementing the policies of the enlargements and profit making, delivering the better consumer satisfaction, employing the young and intellectual work force, improving the qualitative and quantitative strategies and decreasing the associated cost.
In addition, the Hollow clay bricks are substituting solid bricks because they are lighter, strong & durable, cost effective and eco-friendly. Hollow brick is produced utilizing the waste materials or natural substitutes and formed by placing the moist clay in a mold. It functions as thermal and sound insulators owing to the air present in the hollow place and also makes plumbing and several other electrical drilling activities calmer resulting in low labor price. Major corporates offering hallow clay bricks entails MRF Bricks, Summit Brick Company and Apollo Brick.
Not only has this, the growth of the clay product and refractory producing market is aided by stable economic growth aimed in several developed and developing regions. The International Monetary Fund (IMF) estimates that the worldwide GDP growth will be 3.3% during 2020 and 3.4% in 2021. Developed regions are also projected to register stable growth during the review period. Additionally, emerging markets are projected to continue to increase the slightly faster than the developed markets in the review period. Stable economic growth is projected to augment the investments in end user markets, thereby propelling the clay product and refractory manufacturing market throughout forecast period.
Although, the great corporates in the clay product and refractory market are implementing the policies of the enlargements such as partnership, new product development, joint venture and several other for obtaining the competitive edge and generating the high percentage of revenue. Therefore, in the near years, it is predicted that the market of clay product and refractory will increase around the globe more proficiently over the forthcoming duration.
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Ankur Gupta, Head Marketing & Communications