Worldwide Sales of Clay Building Materials and Clay Refractories to Reach $46 Billion by 2010
San Jose, CA (PRWEB) March 11, 2008 -- Asia Pacific, with an estimated share of more than 35% for 2007, is the largest market for clay building materials and clay refractories market worldwide. Even in terms of growth, Asia-Pacific is forecast to surpass all other regions with a CAGR of about 4% over the 2001-2010 period.
Clay building materials market (http://www.strategyr.com/Clay_Building_Materials_And_Clay_Refractories_Market_Report.asp) is the largest product segment and is projected to cross US$38 billion by 2010, at a CAGR of more than 3% during the period 2000-2010. Technological advancements leading to the development of durable and long lasting refractories have eroded the growth rates in the refractories market. New and improved products and installation/repair practices are the focus of research and development activities in the arena. Housing starts is considered as the major growth propeller for clay bricks market, specifically in the US. Although the global residential building market is moderate, a growing baby-boomer population indicates that less amount will be expended on new house building but more on remodeling activities. Besides, as other advanced building materials are substituting clay bricks, manufacturers are focusing more on production segregation to contain semi-variable and fixed costs. Clay bricks market (http://www.strategyr.com/Clay_Building_Materials_And_Clay_Refractories_Market_Report.asp), with estimated share of about 60% for 2007, forms the largest and the fastest growing product category in the worldwide clay building materials and clay refractories market.
Europe represents the second largest regional market for clay building materials and clay refractories with an estimated market share of over 26% for 2007. As Germany accounts for about 30% of the residential construction market in Western Europe, the economic situation in the region shows a significant impact on the total European residential construction market.
Rapidly industrializing economies in Asia-Pacific, Eastern Europe, and Latin America are expected to fuel the growth in volume consumption. Volume growth in the industry is expected to be higher than value growth. Unlike most developed economies, a trend towards value added superior performance refractories is yet to emerge in many countries across these regions.
The report titled "Clay Building Materials and Clay Refractories: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following product groups/segments - Clay Building Materials (Clay Bricks, Floor & Wall Tiles, and Other Clay Products); and Clay Refractories.
Key players dominating the global clay building materials and clay refractories market include Austral Brick Company, Baggeridge Brick Plc, Boral Bricks, Boral Limited, Brampton Brick Limited, CRH Plc, CSR Limited, Florida Tile Industries, Hanson Building Products UK, Lafarge Roofing GmbH, Lanka Tiles Limited, Mohawk Industries, Pacific Coast Building Products, RHI AG, Tata Refractories Ltd., US Clay Tile, Vesuvius Group SA, and Wienerberger AG.
For more details about this research report, please visit http://www.strategyr.com/Clay_Building_Materials_And_Clay_Refractories_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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