IMARC Group, a leading market research company, has recently releases report titledBall Clay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including the global ball clay market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the ball clay market?
The global ball clay market size reached US$ 0.88 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.09 Billion by 2028, exhibiting a growth rate (CAGR) of 3.25%during 2023-2028.
What are the growth prospects and trends in the ball clay industry?
The global ball clay market is majorly driven by the thriving construction industry, particularly in developing economies. Rapid urbanization, infrastructure development, and increased disposable incomes are propelling the construction sector, thereby boosting the demand for ball clay. Additionally, the growing popularity of ceramics and pottery as a hobby and the rising interest in customized and artisanal products are creating a significant rise in the demand for ball clay. Moreover, the expanding automotive sector is another prominent driver in the global ball clay market. Ball clay finds applications in the production of automotive components such as engine parts, electrical insulators, and brake pads due to its high heat resistance and electrical properties. Apart from this, a growing focus on sustainable and eco-friendly practices across industries is creating a positive outlook for the market. The emergence of ball clays with reduced carbon footprint and lower energy consumption during processing is also expected to create a positive outlook for the market.
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What is Ball Clay?
Ball clay is a type of clay that is widely used in various industries for its exceptional properties and versatility. It is a sedimentary clay material composed of fine-grained minerals, predominantly kaolinite, mica, and quartz, with small amounts of organic matter. Ball clay derives its name from the way it forms into small, round balls during the natural weathering process. Due to its plasticity, high binding strength, and excellent molding characteristics, ball clay has become a sought-after material in ceramics, pottery, sanitaryware, tiles, and other applications that require shaping and forming of clay-based products.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Form:
- Stone
- Powder
- Shredded
- Others
Market Breakup by Price:
- Below $40
- $40 $50
- Above $50
Market Breakup by End Use:
- Ceramic
- Sanitary Ware
- Wall and Floor Tiles
- Tableware
- Bricks
- Other Ceramics
- Non-ceramic
- Adhesives and Sealants
- Rubbers and Plastics
- Fertilizers and Insecticides
- Other Non-ceramics
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Ashapura Group Of Industries,
- Ashok Alco-Chem Limited,
- Finore Minerals LLP,
- GW Mineral Resources (Zimco Group (PTY) Ltd),
- Garg Minerals and Chemicals,
- Golcha Associated Exports LLP,
- Gujarat Mineral Development Corporation Limited,
- Imerys S.A.,
- JLD Minerals Private Limited,
- Modhka Marine Sdn Bhd,
- Old Hickory Clay Company,
- Plainsman Clays Ltd,
- Sibelco
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