Key Takeaways from Analyst
The ceramic industry remains the major end-user of ball clay and its growing demand will drive ball clay consumption. Increased construction of residential and commercial buildings worldwide is supporting the growth of the global ceramic industry. Emerging economies in Asia Pacific and Europe are urbanizing at a rapid pace, which is increasing the demand for ceramics in these regions.
However, threats from substitutes could hamper the market's growth. Materials like kaolin and activated clay are gaining popularity as substitutes for ball clay in some applications. Additionally, stringent mining regulations in different countries pose a challenge for market players.
Overall, despite restraints, this market is expected to grow gradually, driven by the rising requirement of ceramics in construction as well as technical applications worldwide.
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