Soaring Construction Activities to Underscore the Global Fireclay Tiles Market Share - Global Trade Magazine
  August 2nd, 2021 | Written by

Soaring Construction Activities to Underscore the Global Fireclay Tiles Market Share

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  • The ongoing trend for sourcing environmentally friendly materials will also contribute to the business outlook.
  • Manufacturing and construction industries are expanding at a notable pace, underscoring the demand.

Exponential demand for the production of tiles, ceramics, and firebricks from the construction sector will bolster the global fireclay tiles market volume. Fireclay tiles are highly sought-after owing to their ability to resist high temperatures and thermal and chemical stresses. These tiles are prevalently used for a slew of high-temperature applications, including commercial, residential, and other industrial manufacturing settings.

An upsurge in construction activities will bode well for industry players that are vying to expand their property development portfolios. Apart from the robust construction industry growth, expansion of the food industry will also boost the market share. Additionally, the ongoing trend for sourcing environmentally friendly materials will also contribute to the business outlook.

According to Global Market Insights, Inc., the fireclay tiles market will witness appreciable gains by 2027.

The global outlook faced hardships during the COVID-19 pandemic following severe supply chain disruptions. The outbreak created a plethora of short- and long-term business challenges that led to temporary shutdown or closure of construction projects. Meanwhile, a plunge in automotive production and modest growth in the food & beverage sector also dented the outlook.

However, given the fast-growing momentum of COVID-19 vaccination campaigns, construction activities have started picking up pace. Manufacturing and construction industries are expanding at a notable pace, underscoring the demand for fireclays tiles.

The demand for fireclays will be overtly noticeable in the residential settings, fueled by a surge in home renovation activities. Besides, the construction of outdoor spaces has witnessed a notable jump as patio professionals and landscape contractors are witnessing an increased demand from consumers. It is worth noting that homeowners have upped their focus on reconfiguring or updating both their indoor and outdoor spaces.

in the line of the rising number of infrastructural projects, the construction sector is poised to be a major recipient of fireclay tiles in coming years. Most notably, the construction of stadiums and other infrastructure projects would pan well for the business forecast. For instance, the launch of the Central 70 project in Colorado and the construction of Gordie Howe International Bridge in Detroit. Infrastructure development activities like these would add fuel to the fireclay tiles industry outlook.

The Middle East and Africa market will emerge as a promising region following the rollout of new economy-boosting construction projects. Prominently, the scheduled FIFA World Cup to be hosted by Qatar in 2022 has paved the way for the development of new infrastructure, which included the stadium, airport expansions, new metro lines, and hotels. Major dynamics driving the growth of fireclay tiles are increased availability of raw materials and technological innovations to develop better composites.

Stakeholders are also expected to inject funds into the Asia Pacific fireclays tiles market to capitalize on the demand from the expanding food & beverage sector in China and India. The trend of using environmentally friendly low thermal conductivity materials will bolster the demand for fireclay tiles in the food processing sector. Furthermore, emerging economies in the region are also likely to witness increasing demand for fireclay tiles in the construction of residential and commercial buildings.

The global fireclay tiles market is competitive with players such as Fireclay Tile Inc., Gruppo Ceramiche Ricchetti, Porcelanosa Grupo, Crossville Inc. (Curran Group, Inc.), Atlas Concorde, Mulia Industrindo, Mohawk Industries, and RAK Ceramics, among several others.

These companies will potentially focus on organic and inorganic strategies such as mergers & acquisitions, product launches, R&D, innovations, and partnerships. For instance, in September of 2020, RAK Ceramics announced the up-gradation of its manufacturing line in anticipation of a shifting trend towards bigger-sized ceramic floor tiles. The company is planning to upgrade and enhance its production lines and emphasize sustainability as well.

Notable rise in construction activities and the food & beverage industry will continue to underpin the fireclay tiles industry outlook in the next few years.