This Class consists of units mainly engaged in manufacturing industrial ceramics or refractory products. It includes the manufacture of clay refractory products such as mortar, brick, block, tile, and fabricated clay refractories such as melting pots; and nonclay refractory, mortar, brick, block, tile, and fabricated nonclay refractories such as graphite, magnesite, silica, or alumina crucibles.
A refractory is a material that will retain its shape and chemical identity when subjected to high temperatures and is used in applications that require extreme resistance to heat, such as furnace linings.
The Industry C2622 - Ceramic Product Manufacturing in Australia ranks 470 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy.
Capital/labour intensity is high and the uptake of new technology is medium. The industry's globalisation level is high and the trend is increasing.
The industry has a medium level of exports, which means exports generate between 5% and 25% of the industry's turnover. The industry has a high level of imports, which means imports generate more than 25% of the industry's domestic demand.
The trend for exports is steady and for imports it's decreasing. The level of regulation is heavy and steady and government assistance is low and decreasing.
This industry is forecast to have a static average annualised growth rate over the next five years. A full analysis of each of the above conditions and more is available in every IBISWorld industry report!
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