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Extensive research carried out by the analysts at Technavio has shown that the non-metallic minerals market in Bulgaria will witness tremendous growth and will post an impressive CAGR of more than 8% over the forecast period. Consumers are spending more on home décor because of the rise in employment opportunities. This has translated into the augmented demand for glass-based, porcelain, and ceramic products such as ceramic tiles. Moreover, the consumers can choose from a wide variety of options in terms of color, textures, and patterns, which will also drive this market’s growth in the coming years.
Manufacturers of ceramic tiles are incorporating 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.
During 2015, the glass and glass-based products segment dominated the market and accounted for a significant market share of more than 45% in terms of revenue. Most of the demand for glass-based products is from the residential construction sectors. Moreover, a rise in construction projects and growing awareness and demand for energy-efficient products such as solar control glass are bolstering this demand. Also, automotive manufacturers are increasingly using smart glass in automobiles, which will also contribute to the market for glass and glass-based products.
The non-metallic minerals market in Bulgaria is highly fragmented due to the presence of a large number of regional and international manufacturers. International manufacturers are providing tough competition to regional manufacturers in terms of innovative products. The manufacturers compete on the basis of price, quality, and variety. To gain a foothold in the market, manufacturers are offering customized products, as well as after-sales and maintenance services.
Key vendors in this market are -
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This is preliminary content. The table of contents is subject to change.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
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