Non-metallic Minerals Market in Serbia 2016-2020

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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