Non-metallic Minerals Market in Bulgaria 2016-2020

Overview of the non-metallic minerals market in Bulgaria

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.

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

• Glass and glass-based products
• Porcelain and ceramic products
• Stone-based products
• Clay-based building materials
• Refractory products

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.

Competitive landscape and key vendors

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 -

• AGC Flat Glass Bulgaria
• ATS-Stone
• Ceramic factory Mirkovo 
• Devnya Cement
• Drujba Glassworks
• Frigoglass
• KAI group
• Ognyanovo-K
• Phoenix Stoneworks
• Roca Bulgaria
• Stonex
• Trakya Glass Bulgaria
• TRUD
• Wienerberger
• Xella Bulgaria

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 Bulgaria?
• What are the key market trends impacting the growth of the non-metallic minerals market in Bulgaria?
• What are the challenges to market growth?
• Who are the key vendors in the non-metallic minerals market in Bulgaria?
• What are the market opportunities and threats faced by the vendors in the non-metallic minerals market in Bulgaria?
• What are the trending factors influencing the market shares of Bulgaria?
• What are the key outcomes of the five forces analysis of the non-metallic minerals market in Bulgaria?

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

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