Clay Brick & Product Manufacturing in the US
Clay brick and product manufacturers produce clay bricks, ceramic tiles and refractory products principally used by the construction and manufacturing sectors. Over the past five years, clay producers faced a major challenge from the pandemic, when declining consumer spending reduced nonresidential...
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| Format: | Market Research |
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| Language: | eng |
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| Summary: | Clay brick and product manufacturers produce clay bricks, ceramic tiles and refractory products principally used by the construction and manufacturing sectors. Over the past five years, clay producers faced a major challenge from the pandemic, when declining consumer spending reduced nonresidential construction and manufacturing output. Demand from residential markets was still strong, as low interest rates and government subsidization enabled lots of homebuying.
As economic indicators improved during the post-pandemic recovery, revenue for the industry rose in tandem. However, rising interest rates in recent years have been causing spending on residential and nonresidential construction to plunge, reducing demand from two major downstream markets and causing revenue to tank. Recent trade wars have also disrupted the industry, as confrontation with China has reduced the import and export of clay products. Overall, revenue for clay brick and product manufacturers has lagged at a CAGR of 1.6% to $6.4 billion over the past five years, including a decline of 1.0% in 2024 alone.
Clay and brick product manufacturers are expected to do much better during the outlook period but will still face a host of challenges. The US dollar is anticipated to depreciate, which will cause exports to surge, pushing revenue up. Economic growth is forecast to be steady, which will limit declines in demand from steel manufacturing, supporting spending on refractory products and nonresidential construction. In addition, these positive developments will contribute to residential construction growth. However, revenue for clay makers is projected to be threatened by growing competition from substitutes. Overall, revenue for clay brick and product manufacturing is forecast to increase at a CAGR of 1.2% to $6.8 billion over the five years to 2029. |
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