|Last Quarterly Update:||3/6/2017|
|SIC Codes:||3251, 3253, 3255, 3259, 3261, 3262, 3264, 3297|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry manufacture clay pottery, ceramics, plumbing fixtures, building materials, and refractory products. Major companies include Dal-Tile, Gerber Plumbing Fixtures, and Kohler (all of the US) as well as Kyocera, Shinagawa Refractories, and TOTO (all of Japan), Interceramic (Mexico), RHI (Austria), and Vesuvius (UK).
The global refractory market is forecast to grow 5% annually through 2020, reaching a value of nearly $55 billion, amid rising demand in emerging markets for metal and nonmetallic mineral products, according to Mordor Intelligence. Worldwide demand for plumbing fixtures is expected to rise more than 5% per year to reach a value of $70 billion by 2018, according to the Freedonia Group. Urbanization and rising incomes in the developing world, along with recovering construction markets in North America and Western Europe, are the chief demand drivers for plumbing fixtures.
The US clay product and refractory industry includes about 1,000 companies with combined revenue of about $8 billion.
Demand is driven by industrial production of metals, glass, and other mineral-based products, as well as construction spending. The profitability of individual companies depends on efficient operations, as many products are considered commodities. Large companies enjoy economies of scale in purchasing and marketing. Small companies can compete effectively by developing new products with innovative features. The US industry is concentrated: the top 50 companies account for about 65% of industry revenue.
Imports, which primarily come from China, Mexico, ...
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