Ball Clay Market: Introduction
Transparency Market Research delivers key insights on the global ball clay market. In terms of revenue, the global ball clay market is estimated to expand at a CAGR of ~2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global ball clay market.
The global ball clay market is broadly affected by several factors. Ball clay exhibits a higher plastic nature and binding power than kaolin, which is expected to be a key driver of the global ball clay market during the forecast period. Furthermore, the demand for ball clay is anticipated to increase as it has better tensile strength and shrinkage than other clays.
Ball Clay Market: Key Segments
The global market for ball clay has been segmented based on form, price, application, sales channel, and region. Based on form, the market has been divided into stone, powder, shredded, and others (noodled etc.). The global market in terms of form is expected to be dominated by the powder segment. The global ball clay market is projected to expand during the forecast period, owing to increase in demand for ball clay from construction, agricultural, and building material sectors. In terms of price, the market has been divided into below US$ 40, US$ 40 – US$ 50, and above US$ 50. The above US$ 50 segment held major share of the global ball clay market, in terms of price. The segment accounted for about 38% of the market share in terms of revenue. The increasing price and quality of products from major ball clay manufacturers is one of the prominent reasons for the dominance of the above US$ 50 segment.
In terms of application, the global ball clay market has been divided into ceramics and non-ceramic, and the market is expected to be dominated by ceramic-based applications. The ceramics application segment is further split into sanitary-ware, tableware, wall & floor tiles, building material, electrical porcelain, insulators, and others. Among these, the building material segment accounted for a major share. One of the prominent consumers of ball clay, both in terms of volume and value is the construction industry.
For More Industry Insight, Request Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4563
The trend toward urbanization, owing to people seeking stable income and job opportunities across the globe, is expected to propel the construction industry, subsequently driving the ball clay market during the forecast period. In terms of sales channel, the ball clay market has been classified into direct sales and channel sales, wherein the market is led by the direct sales segment in terms of revenue. However, rise in popularity of eCommerce has made it possible to purchase materials and products directly from manufacturers/producers, which is likely to shift the trend toward channel sales during the forecast period; subsequently, the segment is projected to expand at a faster CAGR during the forecast period.
Ball Clay Market: Prominent Regions
The ball clay market, in terms of region, is divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The global ball clay market has been segregated into North America (U.S., Canada, and Rest of North America), Europe (Ukraine, Germany, Spain, France, Netherlands, Italy, U.K., and Rest of Europe), Asia Pacific (China, India, Malaysia, Thailand, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, Turkey, and Rest of Middle East & Africa), and South America (Peru, Argentina, Brazil, and Rest of South America). The global ball clay market is dominated by Asia Pacific. The abundance of ball clay deposits/mines and presence of a number of ball clay producers in Asia Pacific have resulted in the region accounting for a larger share in terms of value. The low cost of ball clay is another reason for the increase in export of ball clay across the globe from the Asia Pacific region, subsequently accounting for major market share of the region.
Ball Clay Market: Key Players
Key players operating in the global ball clay market are Amarnath Industries, Ashapura Group, Ashok Alco- Chem Limited (AACL), Finore Minerals LLP, G&W Mineral Resources, IMERYS Ceramics, Kothari Minerals, Modkha Marine Sdn Bhd, Old Hickory Clay Co., and Sibelco.
Get More PR by TMR:
https://www.prnewswire.com/news-releases/primary-virtue-to-reduce-carbon-footprint-unlike-conventional-labels-underscores-growth-in-eco-friendly-labels-market-growth-projected-at-notable-7-9-cagr-from-2021–2029—tmr-301307886.html
