Wall to wall: Pressure from import penetration will likely lead manufacturers to close up shop, reducing wages and boosting profit
Over the past five years, clay product manufacturers have faced considerable declines. While the housing market has improved over most of the period, import penetration and the popularity of substitute products have limited industry growth. While the outbreak of COVID-19 led to considerable declines from metal manufacturers and energy producers, manufacturers enjoyed growth as the economy reopened and commodity prices surged, leading various downstream markets to expand their output and require manufacturers' products. Industry-wide revenue has been falling at a CAGR of 10.2% over the past five years and is expected to total $477.4 million in 2023, when revenue will likely dip an estimated 5.6% and profit will climb to 17.8%.
The Clay Brick and Product Manufacturing industry in Canada manufactures clay building material including bricks, mortars and ceramic tiles. Operators also manufacture refractories, which are structures that retain their shape and chemical identity when subjected to high temperatures. Refractories are ideal for use in kilns and furnaces. Major buyers of industry products include building markets, steel manufacturers and companies in the mineral refining sector.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Brampton Brick Limited
Methodology
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