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(MoneyNewsWire.Net, July 25, 2018 ) Clay product and refractory manufacturing companies carry out activities shaping, molding, glazing, and firing pottery, ceramics, plumbing fixtures, and electrical supplies made entirely or partly of clay or other ceramic materials, refractories, non-clay refractories, ceramic tiles, bricks, and other structural clay building materials. Refractory materials are heated and then formed into bricks or other shapes for use in industrial applications. Clay products find applications in construction, steel making, cosmetics, and food industry.
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The global clay product and refractory manufacturing market was valued at $331 billion in 2017. This is due to an increase in investments in infrastructure and smart city projects, thereby boosting the demand for limestone and cement coupled with rise in demand for refractory products used in downstream manufacturing and energy production industries.
The clay product and refractory manufacturing market is segmented into pottery, ceramics, and plumbing fixture manufacturing, clay building material and refractories manufacturing.
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China was the largest country in the market, accounting for two-fifth of the global clay product and refractory manufacturing market share. This is mainly due to the presence of large manufacturing and telecommunication companies in the country, coupled with the large population, and high demand for building and construction followed by India and Japan.
The major competitors in the market are Dal-Tile, Gerber Plumbing Fixtures, RHI AG, Vesuvius, and Kyocera. Daltile has been the industry leader in natural stone, porcelain, & ceramic tiles market.
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