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Non-metallic Minerals Market in Serbia 2016-2020

  • Published: Dec 2016
  • Pages: 50
  • SKU: IRTNTR10000
Technavio

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This market research study identifies the leading players including ARKADE, BHW Ceramics, Granite Line, HTR Refractories, Keramika Kanjiža, Pavle, Saint-Gobain, Serbian Glass Factory, Teker, Toza Marković, and Zorka Keramika in the non-metallic minerals market in Serbia. This report also presents a competitive analysis of the report by product type (porcelain and ceramic products, glass and glass-based products, clay-based building materials, stone-based products, and refractory products).

Overview of the non-metallic minerals market in Serbia

According to the market research analysts at Technavio, the non-metallic minerals market in Serbia is anticipated to grow at a moderate rate and will post a CAGR of close to 3% over the forecast period. Serbia has a well-established and competitive minerals market as the minerals industry accounts for a significant share of exports from Serbia. Most large and medium-sized manufacturers that are also exporters of finished products have adopted advanced technologies, which enable them to remain competitive at the global level. Although the industry is highly dependent on the import of raw materials and finished non-metallic mineral products to cater to the high domestic demand, the market has been witnessing a steady growth in exports. Exports of non-metallic mineral have increased significantly over the last few years, and this trend is likely to continue during the forecast period.

With the government of Serbia actively promoting the minerals industry because of its high growth potential, the market for non-metallic minerals is envisaged to have a positive outlook over the next four years. More than 90% of Serbia’s mineral resources remain unexplored, and this is a tremendous opportunity for new entrants to expand their operations. Moreover, several policies such as Strategy of Mineral Resources Management in the Republic of Serbia till 2030 have been implemented to promote the minerals industry and help market growth. Other policies that promote the minerals industry in Serbia include the provision of quicker registration for companies, single-portal registration and approvals for companies, tax benefits such as duty-free exports and low VAT, and free trade agreements with export markets. Also, the government has initiated multiple projects for the growth of the mineral industry, which will create a favorable environment for the growth and proliferation of the non-metallic minerals market in the country until the end of 2020.

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

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

In terms of revenue, the glass and glass-based products segment led the non-metallic minerals market in Serbia, accounting for close to 51% of the market shares during 2015. In Serbia, glass and glass-based products are used in applications such as windows and facades of buildings, windscreens and windows of automobiles, solar panels, and electrical equipment and electronics. This market is capital intensive, requiring a minimum capital investment of USD 70 million. Factors such as relatively low energy costs compared to most countries in EU and the introduction and availability of a wide range of products will fuel this market segment’s growth prospects in the coming years.

Competitive landscape and key vendors

The non-metallic minerals market in Serbia is quite fragmented and is characterized by the presence of many domestic manufacturers and distributors that import low-cost products from countries such as China. Both multinational as well as regional and indigenous manufacturers have an established presence in the market. The manufacturers compete in terms of price, innovation, quality, and performance. They are also promoting innovation by expanding their R&D horizons, and investing in the development of new products.

Key vendors in this market are -

  • ARKADE
  • BHW Ceramics
  • Granite Line
  • HTR Refractories
  • Industrija Stakla Pancevo
  • Keramika Kanjiža
  • MLADOST
  • Pavle
  • Saint-Gobain
  • Serbian Glass Factory
  • Teker
  • Toza Marković
  • UNIVERZUM BRICK PLANT
  • Zorka Keramika

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

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This is preliminary content. The table of contents is subject to change.

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market size and forecast
  • Five forces analysis

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

  • Competitive landscape
  • Other prominent vendors

PART 14: Key vendor analysis

PART 15: Appendix

  • List of abbreviation

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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