While demand and revenue fell during the recession due to slowed building markets, the industry has turned around over the five years to 2014, as increases in housing starts and the value of nonresidential building construction boosted demand. Over the next five years, revenue and profit performance will be supported by steady improvements in demand for refractory products used in downstream manufacturing and energy production industries. However, industry operators will have to contend with competition from less costly imports.
Operators in this industry manufacture clay building material including bricks, mortars and ceramic tiles. Operators also manufacture clay and nonclay refractories, which are structures that retain their shape and chemical identity when subjected to high temperatures; these structures are ideal for use in kilns and furnaces. Major buyers of industry products include building markets, steel manufacturers and companies in the mineral refining sector.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.