The most recent study conducted by Report Ocean, titled “Global Fireclay Tiles Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Fireclay Tiles. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Fireclay Tiles Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. Fireclay tiles are composed of refractory clays called fireclay. These refractory clays are commonly used in the production of pottery, tiles, and firebricks. Fireclay tiles are manufactured from fine-grained micas, quartz, and other organic compounds such as Sulphur. As a result, the majority of the materials used in fireclay are recycled. The primary application of fireclay tiles is to endure high temperatures as well as intense chemical and thermal strains. These tiles are typically low in thermal conductivity and high in energy efficiency. For high-temperature situations where conventional ceramics would melt, fireclay tiles are extensively employed.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Residential, commercial, and other industrial manufacturing applications are among the most common uses for fireclay tiles. The global market for fireclay tiles is predicted to develop significantly due to its better thermal qualities when compared to ordinary clay tiles. Over the projected period, the growing food sector is likely to drive demand for fireclay tiles. According to the Food and Drink Europe 2018 report, the food and beverage industry was the region’s largest manufacturing sector in 2016, with 294 thousand enterprises and a turnover of USD 1232.18 billion. As a result, France has the biggest yearly turnover ($199.77 billion) and the greatest number of enterprises (59,757), followed by Germany ($190.33 billion and 5940).
Spain had a USD 107.11 billion turnover and 28,038 firms, whereas Italy had a USD 147.88 billion turnover and 56,500 firms. In comparison, the UK had just 6815 enterprises with a total sales of USD 118.2 billion. Increasing demand for low thermal conductivity, environmentally acceptable materials is also predicted to boost fireclay tile demand in the food processing industry. Growing awareness of fireclay tiles as a superior alternative to comparable materials is likely to drive the fireclay tiles market forward. However, variable raw material costs hinder market expansion throughout the projection period of 2022-2028.
The key regions considered for the Global Fireclay Tiles Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia Pacific market for fireclay tiles is predicted to expand significantly. Growing building activity in emerging nations like as India and China is projected to fuel market expansion in this area. North America and Europe are likely to increase significantly as people become more aware of the benefits of fireclay tiles in residential and commercial applications.
Major market player included in this report are:
RAK Ceramics
Crossville Inc.
Atlas Concorde
Fireclay Tile Inc.
Porecelanosa Grupo
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Gruppo Ceramiche Ricchetti
Mohawk Industries
Mulia Industrindo
GranitiFiandre SpA
Marazzi Group Srl
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Residential
Commercial
Other
By Region:
North America
U.S.
Canada
Europe
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UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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