Technavio Presents Key Manufacturers and Their Competitive Landscape in the Non-metallic Minerals Market in Serbia from 2016-2020

LONDON--()--Technavio has announced the top key manufacturers in their recent non-metallic minerals market in Serbia report until 2020. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the manufacturers and the market at large, as well as the key trends emerging in the market.

Some of the key factors that are expected to drive the growth of manufacturers of non-metallic minerals include:

  • Serbia's impending accession to the EU, as the accession is likely to result in investments for the development of infrastructure, which will lead to an increase in construction activities.
  • Initiatives by the government that favor the growth of the mineral mining industry in Serbia.
  • Funding by international agencies like the IMF is expected to boost the economy of Serbia. In February 2015, the IMF waived off a soft loan worth USD 1.40 billion to restore and strengthen the country's financial sector.
  • Falling prices of oil and gas is likely to lead to reduction in energy costs involved in the manufacture of non-metallic mineral products in Serbia.
  • Investment and expansion plans of automotive manufacturers, such as Fiat, is expected to provide potential growth opportunities to manufacturers of glass and glass-based products.

Competitive scenario

The non-metallic minerals market in Serbia is characterized by the presence of over 700 manufacturers, of which, 80% are micro-sized and 13% are small-sized manufacturers. Competition is mostly prevalent between the medium and large-sized manufacturers.

Segmentation of manufacturers of non-metallic mineral products in Serbia by size 2015

Micro-sized manufacturer

  80.0%

Small-sized manufacturer

  13.0%

Medium-sized manufacturer

  5.5%

Large-sized manufacturer

  1.5%

Source: Technavio

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The market is fragmented with the presence of many domestic manufacturers and distributors that import low-cost products from countries such as China. This has led to several regional manufacturers losing out to cheaper imports. Both multinational as well as regional and indigenous manufacturers have an established presence in the market. Manufacturers compete based on price, innovation, quality, and performance.

Multinationals focus primarily on large-scale construction projects, whereas indigenous players focus more on small-scale construction projects.

Chandrakumar Badala Jaganathan, a lead analyst at Technavio for research on metals and minerals, says, “Conservation of energy and reduction in emissions have now become the prime focus for organizations worldwide and this trend is likely to have an effect on the market during the forecast period, as manufacturers try to adopt advanced technologies. Manufacturers are also promoting innovation by expanding their R&D horizons, and investing in the development of new products.”

Some of the key manufacturers in the non-metallic minerals market in Serbia are:

Company   Description
ARKADE   Manufacturer of ceramic products such as cups, teapots, mugs, jewelry boxes, and vases
BHW Ceramics   Manufacturer of ceramics based in the UK
Granite Line   Manufacturer of stone-based products
HTR Refractories   Manufacturer of refractory materials
Industrija Stakla Pancevo   Largest state-owned glass manufacturer in Serbia
Keramika Kanjiža   Manufacturer of ceramic tiles
MLADOST   Producer of building materials
Pavle   Manufacturer of glass, founded in 1992
Saint-Gobain   Manufacturer of high-performance materials for sectors such as building and construction based in France
Serbian Glass Factory   Manufacturer of glass and glass-based products
Teker   Manufacturer of ceramics
Toza Marković   Manufacturer of bricks
UNIVERZUM BRICK PLANT   Manufacturer of clay-based products
Zorka Keramika   Manufacturer of tiles

Source: Technavio

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio has announced the top key manufacturers in their recent non-metallic minerals market in Serbia report until 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com