The global industrial clay market size was worth around USD 5.12 billion in 2022 and is predicted to grow to around USD 7.84 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.64% between 2023 and 2030.
The research examines the demand drivers, market restraints, and market challenges in the global industrial clay market throughout the forecast period. In addition, new possibilities for the industrial clay sector are investigated.
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The Market for Industrial Clay: An Overview
The term “industrial clay” can also refer to clay minerals. They are a class of naturally occurring minerals with distinct characteristics and widespread industrial application. Minerals including quartz, feldspar, and mica are also present, although hydrated aluminium silicates make up the bulk of their make-up. Decomposition or weathering of rocks—especially granite and other feldspar-rich rocks—leads to the formation of industrial clay. Kaolinite, montmorillonite, illite, and bentonite are just a few of the important minerals that make up this category. Their physical characteristics, chemical make-up, and industrial applications are all different. The plasticity of industrial clay is exceptional. Because of its malleability when combined with water, it is used in numerous contexts, including the production of bricks, tiles, pottery, and other ceramic items. The prediction calls for a moderate expansion of the industrial clay market.
Essential Considerations:
• Our research analyst has revealed that the worldwide demand for industrial clay is anticipated to rise at a CAGR of roughly 5.64% between the years 2023 and 2030.
• The worldwide demand for industrial clay was estimated at $5.12 billion in 2022, with a predicted increase to $7.84 billion by 2030.
• Due to rising building activity, the need for industrial clay is expected to expand significantly in the coming years.
Accelerating the pace of building will fuel economic expansion
The increasing need for building materials around the world bodes well for the worldwide industrial clay market. Multiple causes, including an uptick in infrastructure building in both established and emerging countries, have contributed to the construction industry’s meteoric rise in recent years. As of the year 2023, a number of nations plan to enhance regional architecture through a variety of government and private sector initiatives. Several developing countries have taken advantage of new openings made possible by the shifting global political landscape. China’s Belt and Road Initiative is an ongoing international infrastructure construction initiative. The construction industry makes substantial use of industrial clay for the production of bricks, tiles, and cement. During the predicted time period, this pattern is projected to propel the industry to new heights.
Environmental worries will slow the market
Growing worries about the environmental impact of industrial clay production are likely to provide challenges to the worldwide industrial clay industry’s expansion. It is well established, for instance, that mining causes ecological disruption. These actions have an effect on water sources and cause soil erosion. In addition, the processing of clay results in the production of fine particles, which have an adverse effect on the surrounding environment, and these particles must be disposed of. Eco-friendly substitutes to industrial clay may attract investment as the world increasingly seeks sustainable solutions.
New green applications and policies will create expansion prospects
The major players in the global industrial clay market are investigating new potential uses for the product. This relates to our efforts to broaden and diversify our product offering. Researchers are paying special attention to clay minerals for their potential use in water purification systems, energy storage systems, and pharmaceutical formulations, to name a few examples. In addition, industrial clay can be utilised as a greener alternative to plastics and other synthetic materials in the packaging industry.
Market growth will be hindered by price fluctuations
Industrial clay’s high price sensitivity and volatility is a major obstacle that has a significant effect on global sales volume. Supply and demand, transportation expenses, and international economic conditions can all affect the cost of the raw ingredients used to make this type of clay. The profitability of the industrial clay industry is strongly tied to the price of the commodity, which has led to high levels of competition. Growth in the industrial clay market is also affected by the fact that different regions have varying quantities of high-quality deposits available.
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The Global Industrial Clay Market is segmented based on product, application and region.
Global Industrial Clay Market: Product Segment Analysis
● Chlorite
● Illite
● Smectite
● Kaolin
● Others
Global Industrial Clay Market: Application Segment Analysis
● Rubber
● Paints
● Catalyst
● Cement
● Ceramics
● Refractories
● Others
Recent Changes:
• A partnership between Materrup and Vicat was declared in March of 2023. Companies will collaborate to speed up marketing efforts and increase production of Clay Cement 1 (MCC1) raw clay cement made by the former. Le Moniteur claims that the production method relies on a blend of an activator and a precursor that helps to dissolve clay calcification.
• One of India’s major producers of ceramic tableware, Clay Craft India, opened a factory in Manda, Rajasthan, in the month of December 2022). The new plant can currently crank out 50,000 units each day, but once it’s fully operating, that number could easily soar to over 200 thousand.
• In order to guarantee the manufacture of limestone calcined clay cement (LC3), JK Lakshmi Cement and Society for Technology and Action for Rural Advancement (TARA) signed a collaboration in May 2022.
The global industrial clay market is led by players like:
● Imerys SA
● KaMin LLC
● BASF SE
● Sibelco
● Thiele Kaolin Company
● Ashapura Group
● LB Minerals Ltd
● EP Minerals LLC
● I-Minerals Inc
● Active Minerals International LLC
● Quarzwerke Group
● Lhoist Group
● SCR-Sibelco NV
● Old Hickory Clay Company
● Daleco Resources Corporation
● Wyo-Ben Inc
● Bentonite Performance Minerals LLC
● Burgess Pigment Company
● Ashapura Minechem Ltd
The fastest expansion will be in the Asia-Pacific region
Asia Pacific, particularly South Korea, India, China, and Japan, is anticipated to be the region with the highest growth in the worldwide industrial clay market. Demand for industrial clay has increased since these countries have seen rapid industrialization, urbanisation, and infrastructure development. The Asia-Pacific region also boasts a thriving ceramics industry, from which many items are shipped around the globe. The regional governments are working to bolster their advantages, which may increase the volume of ceramic exports in the future. In terms of output, China dominates the global ceramics industry. As the paper and packaging industries in North America find more uses for industrial clay, the region’s construction sector is expected to develop at a considerable CAGR. The industrial clay market in Latin America is expanding, with major players including Brazil, Mexico, and Argentina.
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