Transparency Market Research has published a new research “Non - Metallic Minerals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” to their report store.
Albany, NY -- (SBWIRE) -- 02/14/2017 -- Non-metallic minerals are also called industrial materials. They have no metallic luster, are non-malleable, and break easily. Limestone, dolomite, magnesite, talc, phosphorite, clay, quartz, gemstones, mica, silica sand, and decorative and dimension stones are common examples of non-metallic minerals. With the rapid proliferation of the real estate sector and rising consumer interest regarding home decoration, the market for non-metallic minerals is expected to witness positive growth in the coming years. Growth of the construction industry is expected to generate substantial demand for building materials, which will indirectly translate into enhanced demand for non-metallic minerals across the world over the next few years.
Apart from this, several manufacturers are focusing on enhancing their presence in segments like decorative glass and glass based products as demand for such products has been on the rise since the past few years, especially from residential end-users. Demand for decorative glass will be high due to an increase in non-essential expenditure by households. Increase in GDP growth and rising disposable income in developing countries such as India and China has contributed to an increase in per capita income, thereby leading to consumer spending on such decorative products.
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The non - metallic minerals market is segmented by product type and by geography. Based on product type, the market is segmented into glass and glass-based products, porcelain and ceramic products (excluding ceramic tiles and flags), stone-based products, clay-based building materials, and refractory products. Glass and glass based products segment dominated the non – metallic minerals market globally in terms of revenue in 2015 and is expected to retain its market dominance throughout the forecast period from 2016 to 2024. Most of the demand for glass and glass based products is generated from the residential construction sector. Additionally, increase in construction projects and growing product awareness among users and rising demand for efficient products such as solar control glass are boosting the growth of the market across the world.
Furthermore, automotive manufacturing companies are increasingly using smart glass in production of automobiles which will also contribute to the growth of the market for glass and glass based products. Furthermore, increasing demand for customized glass and glass based products from commercial end users would help in the significant growth of this segment in the coming years. The global non – metallic minerals market is segregated geographically into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America. North America is the significant market among all the regions as there is high commercial and residential use of non – metallic minerals in various sectors. The U.S is the dominant market for non – metallic minerals in North America owing to the huge presence of various industries in the country. Moreover, the North America market for non – metallic minerals is primarily driven due to better technological infrastructure and acceptability of innovative non – metallic mineral products.
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The non – metallic minerals market is highly competitive with the presence of a large number of large scale and small scale manufacturers and suppliers. Rapidly growing number of vendors creates intense competition in this market. International manufacturers are providing tough competition to regional manufacturers in terms of innovative products, product quality, and distribution network. Moreover, vendors compete with each other on the basis of product price and product variation. Competition is more concentrated in developed markets such as North America and Europe. Competition in the market will intensify further with the emergence of more players. To strengthen their market position, manufacturers are offering customized products and maintenance services.
Some of the key players in the non – metallic minerals market are BTC Glass Design, Carmeuse Holding, Frigoglass, Helios Bricks, KAI Group, OD Tehnic, Pilkington, Tremag, Yioula Glassworks, Guardian, AGC Flat Glass Romania, Rovese, Saint-Gobain, Sanex, Schott, Siceram, ?i?ecam, Stil Glass, TE-MA Romania, ATS-Stone, Ceramic factory Mirkovo, Devnya Cement, Drujba Glassworks, Ognyanovo-K, Phoenix Stoneworks, Roca Bulgaria, Stonex, Trakya Glass Bulgaria, TRUD, Wienerberger, and Xella Bulgaria among others.