Non-Metallic Minerals Market in Bosnia and Herzegovina 2016-2020

Overview of the non-metallic minerals market in Bosnia and Herzegovina

According to the market research analysts at Technavio, the non-metallic minerals market in Bosnia and Herzegovina is anticipated to witness moderate growth and will post a CAGR of close to 5% over the forecast period. With the rapid proliferation of the real estate sector in Bosnia and Herzegovina, the market for non-metallic minerals in the country is anticipated to have a positive outlook in the coming years. Construction companies in Bosnia and Herzegovina are known for their skill in designing and structural engineering. The construction industry is predicted to grow at an annual rate and civil construction projects, such as the Corridor Vc project, are expected to generate a substantial demand for building materials. Also, Bosnia and Herzegovina, Albania, Kosovo, Macedonia, Montenegro, and Serbia have reached an agreement on the construction of a core network of corridors to enhance their connectivity. The implementation of these projects will boost the construction sector, which will indirectly translate into the augmented demand for non-metallic minerals in the country over the next four years.

The non-metallic mineral mining segment is largely under-developed compared to the metal mining sector in the country. Bosnia and Herzegovina has substantial natural reserves of non-metallic minerals such as limestone, salt, clay, stones, gravel and aggregates, sand, and gypsum. This provides potential opportunities to investors that are willing to invest in modernizing of equipment for the mining of such minerals, which, in turn, will propel the growth prospects of this market in the coming years.

Segmentation by product type and analysis of the non-metallic minerals market in Bosnia and Herzegovina

• Glass and glass-based products
• Stone-based products
• Clay-based building products
• Others (refractory, porcelain, and ceramic products)

During 2015, the glass and glass-based products dominated the market and accounted for a market share of more than 45% of the total market shares in terms of revenue.

Competitive landscape and key vendors

The non-metallic minerals market in Bosnia and Herzegovina is moderately fragmented owing to the presence of both domestic and international manufacturers. However, there are many distributors in the country that import cheap products from countries like China. Conservation of energy and reduction in emissions have now become the prime focus for organizations across the globe, and manufacturers are expected to adopt advanced and cleaner technologies during the forecast period. The manufacturers compete based on price, innovation, quality, and performance.

Key vendors in this market are -

• Rama Glas
• Cromont
• Enker
• Elker Ljubija
• Weinerberger
• Fabrika cementa Lukavac

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the non-metallic minerals market in Bosnia and Herzegovina?
• What are the key market trends impacting the growth of the non-metallic minerals market in Bosnia and Herzegovina?
• What are the challenges to market growth?
• Who are the key vendors in the non-metallic minerals market in Bosnia and Herzegovina?
• What are the market opportunities and threats faced by the vendors in the non-metallic minerals market in Bosnia and Herzegovina?
• What are the trending factors influencing the market shares of Bosnia and Herzegovina?
• What are the key outcomes of the five forces analysis of the non-metallic minerals market in Bosnia and Herzegovina?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Non-Ferrous Metals Market 2016-2020
• Global Underground Mining Equipment Market 2015-2019
• Global Lithium Market 2015-2019
• Global Niobium Market 2016-2020