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Non - Metallic Minerals Market : Analysis and Forecast upto 2024
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The global market for non-metallic minerals is characterized by the presence of numerous small and large manufacturers and suppliers, making the competitive landscape highly fragmented. Competition in intense among the different players in the market, with most bigwigs outsmarting smaller regional rivals with better products and robust distribution network. Another common trend in the market is vendors leveraging pricing, product differentiation, customization, and maintenance services to grow their market share. Developed markets in North America and Europe have higher degree of competition. Going forward, competition in the market is slated to increase further with more players entering the fray.
A report by Transparency Market Research studies the global market for non-metallic minerals in-depth and presents a qualitative analysis of the different growth drivers and restraints in it. It sheds light on the size of the market and predicts its future trajectory. It also leverages market-leading analytical tools to uncover the opportunities and threats awaiting players in the market in the near future.
A lot of factors are helping to bring about growth in the non-metallic minerals market. One of them is the burgeoning real estate sector and growing interest in people in home decoration. Besides, manufacturers focusing on improving their market share through decorative glass and glass based products to cater to demand from residential end-users is also bolstering the market. This demand for decorative glass and glass based products is primarily a result of rising GDP and the consequent rising disposable incomes across developing economies in the world.
Other factors stoking the growth in the global market for non-metallic minerals are rising awareness about the product and higher demand for efficient products such as solar control glass. In addition, automotive manufacturers are also responsible for driving up demand on account of growing adoption of smart glass in production of automobiles.
The different types of non-metallic minerals available in the market are glass and glass-based products, clay-based building materials, porcelain and ceramic products, stone-based products, and refractory products. Among them, the glass and glass-based products have been pulling in maximum revenue and in the near future too would continue doing so, predict experts.
Geographically, the key segments of the global non-metallic minerals market are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America, of them, is a key region on the back of a robust commercial and residential use of non-metallic minerals in different sectors. At the forefront of driving growth in North America is the U.S due to the high concentration of different industries in the country. Further, North America market for non-metallic minerals is primarily driven by better technological infrastructure and higher uptake of innovative non-metallic mineral products.
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To assess the competition prevailing in the global non-metallic minerals market, the report profiles key market participants such as BTC Glass Design, Helios Bricks, Carmeuse Holding, Devnya Cement, Frigoglass, Yioula Glassworks, KAI Group, Pilkington, Tremag, Phoenix Stoneworks, Guardian, Rovese, Saint-Gobain, Sanex, Schott, Siceram, TE-MA Romania, ATS-Stone, Ceramic factory Mirkovo, Drujba Glassworks, Ognyanovo-K, Roca Bulgaria, Stonex, Trakya Glass Bulgaria, Wienerberger, and Xella Bulgaria.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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