Metals and Minerals

Format: 2017-02-24
Format: 2017-02-24
February 24, 2017 | 50 Pages | SKU: IRTNTR9976

Overview of the Romanian fabricated metal products market

According to Technavio’s market research analyst, the fabricated metal product market in Romania will grow steadily at a CAGR of over 2% by 2020. A noteworthy factor responsible for the growth of this market is the recent increase in consumer spending. In Romania, though the increase in real wages was modest during 2013-2014, consumer spending in the country grew significantly. Consumer spending in Romania increased from USD 7,259.10 in 2013 to USD 7,550.50 in 2014 and further increased to USD 7,882.10 in 2015. This increase in consumer spending is an indication of the rise in purchasing power of customers. Due to this increase in purchasing power, the demand for fabricated metal products like cutlery will increase significantly.

In this market research, analysts have observed that there is an increase in the demand for lightweight metal products. Components made from materials like aluminum, magnesium, and carbon fiber are used in the construction sector to increase strength and decrease the overall weight of the structure. Lightweight and malleable materials are preferred in the construction sector as they allow for flexibility in design, apart from imparting strength to the structure. Such benefits have led to demand for lightweight materials, such as aluminum, in the construction industry.

Competitive landscape and key vendors

This market is marked by the presence of more than 5,800 manufacturers, which includes both multinational as well as regional and indigenous manufacturers. In this market, the multinationals focus primarily on large-scale construction projects, whereas indigenous players focus more on small-scale construction projects. As indigenous players are cost-effective, SMEs, and smaller construction companies and contractors prefer to procure fabricated metal products from these manufacturers.


February 24, 2017 | 50 Pages | SKU: IRTNTR9997

Outlook of the fabricated metal products market in Serbia

According to the market research analysts at Technavio, the fabricated metal products market in Serbia is anticipated to witness steady growth and will post a CAGR of more than 3% over the forecast period. Exports constitute about one-third of the revenue generated by the fabricated metal products market in Serbia and the exports market for fabricated metal products is expected to witness an accelerated growth in the predicted period. Fabricated metal products manufactured in Serbia are exported to several countries around the world including Russia, Germany, Italy, and the US. With the expected increase in exports, the market for fabricated metal products in Serbia will have a positive outlook in the coming years.

The majority of fabricated metal manufacturers in the market are looking to enhance their existing product portfolios through M&As. This has driven many international manufacturers to forge strategic alliances and partnerships with the local manufacturers to tap into the growth potential of local markets. Also, large manufacturers are acquiring small and local manufacturers to consolidate their positions in the market. For instance, Esmark has shown a keen interest in the acquisition of companies in Serbia, especially those that have fabrication facilities. The government of Serbia is also inviting bids for loss-making facilities as part of its divestment strategy, as well as to optimize the utilization of manufacturing capacities. This is expected to attract investments from global companies, leading to the proliferation of this market over the next four years.

Segmentation by product type and analysis of the fabricated metal products market in Serbia

  • Structural metal products
  • Treated, coated, and machined metals
  • Cutlery, tools, and general hardware
  • Forged, pressed, stamped, and

February 24, 2017 | 50 Pages | SKU: IRTNTR9974

Outlook of the aluminum manufacturing market in Romania

According to Technavio’s market research analysts, the aluminum manufacturing market in Romania will generate revenues of over USD 1 billion by 2020. The increasing use of aluminum in the construction industry is one of the primary factors contributing to the growth of this market. Due to its exclusive properties, such as strength, durability, resistance to corrosion, and recyclability, aluminum is extensively used in the construction sector. It is more desirable than iron and steel and is highly malleable with a low melting point, which makes it easily moldable. Since it reacts with oxygen to form an oxidized coating, it can protect structures from corrosion. Additionally, aluminum can also be combined with other metals to enhance its strength. Such benefits make aluminum the material of choice for window frames, roofing, prefabricated buildings, architectural hardware, cladding, and structural glazing.

At present, there is a high global demand for electronics. This increase in the global demand for aluminum will also lead to the growth of the market in Romania as it is an ideal metal for electronic components due to its lightweight properties, high durability, and resistance to corrosion. Since the global demand for electronic devices is expected to increase during the forecast period, the need for aluminum for the construction of such devices will also increase. Apart from global mobile manufacturers like Apple and HTC, local manufacturers, such as Allview, also use aluminum extensively in their products.

Competitive landscape and key vendors

This market is characterized by the presence of diverse international and regional manufacturers who compete on the basis of quality, technology, and pricing. The competitive environment in this market will likely intensify further with an increase in product/service


February 24, 2017 | 50 Pages | SKU: IRTNTR9981

Overview of the non-metallic minerals market in Romania

According to Technavio’s market research analysts, the market for non-metallic minerals in Romania will exhibit rapid growth during the forecast period and will be positively affected by the augmented demand for decorative glass products. In this market, manufacturers are focusing on enhancing their presence in segments like decorative glass as the demand for such products from residential end-users has been on the rise since 2012. The demand for decorative glasses will be high due to an increase in non-essential expenditure by households. Rising GDP growth in the country has contributed to an increase in per capita income; thereby, leading to consumer spending on such decorative products. This market research estimates that the non-metallic minerals market in Romania will grow at a CAGR of over 5% by 2020.

Recent provisions for value-added services will also help to spur this market’s growth prospects over the next few years. In this market, most manufacturers of non-metallic products, such as glass, offer basic and semi-finished products that are processed further by other companies in the supply chain. For instance, Transparent Design is a company that procures glass from manufacturers such as Saint-Gobain and processes it further. Its product portfolio includes processed and custom-made glass products such as balustrades. Other high-quality, value-added services offered by the company include glass laminating, sandblasting, painting, cutting, edge polishing, and tempering. Since these benefits provide companies with a competitive advantage, their revenue generating capacity will increase significantly over the next few years.

Competitive landscape and key vendors

This market is fragmented owing to the presence of more than 500 manufacturers. Though foreign manufacturers dominate the market, there are a number of


February 24, 2017 | 50 Pages | SKU: IRTNTR9993

Overview of the non-metallic minerals market in Turkey

The non-metallic minerals market in Turkey is anticipated to witness steady growth and will post a moderate CAGR of more than 5% over the forecast period. With an increase in FDI inflow in the country, the market for non-metallic minerals is likely to have a positive outlook in the coming years. Growth in GDP, increase in per-capita income, and the country’s strategic location at the crossroads of Europe and Asia have made Turkey an attractive destination for foreign investors. The Central Bank of the Republic of Turkey stated that country attracted an FDI flow over USD 10 billion in 2015.  Sectors such as manufacturing, financial services, and energy were the top recipients of this inflow, of which the non-metallic minerals market attracted an investment of over USD 150 million. Joint ventures formed by such increase in FDI inflow is contributing to the growth of indigenous manufacturers.

Manufacturers of ceramic tiles are employing advanced technologies such as 3D printing, anti-microbial glaze, nanotechnology, and water jet technology. Digital printing technology not only helps in enhancing the color of tiles but also reproduces the finish of marble, granite, and wood. Anti-microbial glazed tiles are also gaining traction in the market, especially in the residential, healthcare, and hospitality sectors. This new-age technology is infused during the manufacturing process of the tiles and helps in curbing bacterial growth on the surface of the tiles. Moreover, the incorporation of nanotechnology helps in the forming an invisible anti-bacterial layer on the surface of tiles that blocks the air holes on the surface of tiles, preventing dirt from penetrating and accumulating in the tiles. The introduction of novel technologies in ceramic tile manufacturing is anticipated to propel the growth prospects for this market until the end of 2020.


February 24, 2017 | 50 Pages | SKU: IRTNTR9988

Overview of the fabricated metal products market in Turkey

Technavio’s market research analyst has estimated that the fabricated metal products market in Turkey will grow steadily at a CAGR of over 4% by 2020. The rising demand for fabricated metal products from the automotive sector is a noteworthy factor that will spur the prospects for market growth until the end of the forecast period. In this region, the automotive industry has taken advantage of various factors like the availability of a cheap and highly skilled workforce, dynamic local market, and the country's favorable location, to enhance the production of vehicles from 374,000 units in 2002 to over 1.17 million units in 2014. This increase in the production of automobiles has, in turn, impelled the growth prospects for manufacturers of steel pipes, steel profiles, and sheet metal products.

According to this market research, a significant factor propelling the growth opportunities for this market is the growth of forged, stamped, pressed, and roll-formed metals; and the powder metallurgy segment. Recently, it has been observed that the government in Turkey has been planning to construct new power and transportation infrastructures. Since these construction projects require the procurement of high-quality structural metal products, the demand for forged, stamped, pressed, and roll-formed metals will increase significantly. During the forecast period, the augmented demand for such products is anticipated to foster the growth prospects for the overall fabricated metal products market over the next four years.

Segmentation by products and analysis of the fabricated metal products market in Turkey

  • Structural metal products
  • Treated, coated, and machined metals
  • Cutlery, tools, and general hardware
  • Forged, pressed, stamped, and roll-formed metal, and powder metallurgy
  • Others (such as wire

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