Dublin, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The "Global Clay Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The global clay market is poised for significant growth, with projections indicating a substantial increase of USD 6,515.34 million during the period from 2022 to 2027. This growth trajectory, marked by a Compound Annual Growth Rate (CAGR) of 5.2%, is attributed to several key factors driving the market's expansion.
Key Reasons to Consider the Clay Market:
- Construction Industry Boom: The robust growth in the construction sector is a primary driver for the clay market. The adoption of clay-based materials in construction applications is set to surge in the coming years.
- Increased Demand for Ceramics: A substantial demand for ceramics across various industries is fueling the clay market's growth. Clay is a vital component in ceramic production, and the rising need for ceramic products is contributing to market expansion.
- Rapid Urbanization: The ongoing urbanization trends are creating a heightened demand for clay-based products. Urban development projects are driving the consumption of clay in construction, infrastructure, and related applications.
- Diverse End-user Segmentation: The clay market offers opportunities across various end-user segments, including ceramics and non-ceramics. This diversity enhances market potential.
- Applications in Tableware, Sanitaryware, and Medical: The versatility of clay finds application in tableware, sanitaryware, and medical fields, further contributing to market growth.
- Government Infrastructure Investment: Increased government spending on infrastructure development is expected to boost the demand for clay-based construction materials.
- Omnichannel Strategy Adoption: Market vendors are embracing omnichannel strategies, leading to an expanded customer base and heightened market demand.
The comprehensive report on the clay market includes:
- Market Sizing: Detailed analysis of the current market size and future growth potential.
- Market Forecast: Projections for the market's growth over the forecast period.
- Industry Analysis: In-depth examination of trends, drivers, and challenges shaping the market.
The report also provides a thorough vendor analysis, featuring insights into approximately 25 key clay market vendors, including Active Minerals International LLC, Austin White Lime Co.Ltd., Burgess Pigment Co., and more. Additionally, upcoming trends and challenges that will impact market growth are highlighted to aid companies in strategizing and leveraging forthcoming opportunities.
The study combines primary and secondary information sources, with inputs from industry experts, to present a comprehensive view of the clay market. The analysis includes a competitive landscape and a detailed vendor selection methodology.
In conclusion, the global clay market is on an upward trajectory, driven by a myriad of factors, including the booming construction industry, growing ceramic demand, and increasing urbanization. These factors position the clay market as a promising avenue for investment and growth.
Competitive Profile
- 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
- Superior Clay Corp
For more information about this report visit https://www.researchandmarkets.com/r/unkxqg
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