Inorganic Non-Metallic Materials Market: Overview and Dynamics
Inorganic materials are those which does not possess carbon as a constituting element in its structure. Also, as name suggests inorganic non-metallic material are those which are both inorganic and non-metallic in nature. Possessing properties like superior hardness, higher melting-point, superior corrosion resistance and wear resistance and light transmission properties of the optical fibre, it creates desirable conditions for application in numerous end-use industries.
The inorganic non-metallic materials are typically made up of nitrides, oxides, halogen compounds, carbides etc. which are easily available in abundance in low cost, has opened a spectrum of mass production leading to light-paced growth of the market. With the depletion of naturally available metal ores, Inorganic Non-Metallic material has the potential to become the replacement with all required properties of conventional metallic materials driving the market to a new horizon.
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Moreover, there is an abundance of raw material in the world, primarily silica with China accounting for almost 60% of the silica produced in the world. Besides, many inorganic non-metallic materials are also obtained by recycling manufacturing waste produced by end-use industries, for instance, ceramics are available in abundance from waste generated during manufacturing tiles and from recycling of waste tiles.
Moreover, the growing popularity of advanced ceramics is seen as the main factor in the growth of the inorganic non-metallic materials market. In the manufacturing of highly durable, high-strength tiles, and other ceramic flooring products that usually have a high degree of traction in industrial environments, companies utilize advanced technologies like nanotechnology to achieve attributes, such as the resistance to bacteria and dirt resistance among others.
COVID-19 Impact Insights
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This has disrupted almost every market and inorganic non-metallic materials market has also been affected largely. COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level.
The plant shutdowns in Europe, Asia and North America in the second quarter of 2020 has reduced the production scale of Energy, Aerospace, Telecommunications Biotechnology and Construction, leading to a drop in production of inorganic non-metallic materials. However, uplifting of lockdown has begun in few regions showing a ray of hope for the inorganic non-metallic materials market.
Besides, these lockdowns were not properly implemented in many countries leading to a spike in the overall active cases in the region. It is almost a year since the first strain of COVID-19 was detected and now there are news stating that, the COVID-19 strain is mutating.
For instance, recently a newer strain of COVID-19 which was found in UK led to numerous passenger and cargo flights being cancelled, from and to UK so as to prohibit the transmission of the newer strain in the destination countries. This has led to multiple newer forms of weekly lockdowns and further deteriorating the supply chain flow which just seemed to have been started in a phased manner.
Although, reopening of the industries has opened the gates to the larger manufacturers to supply inorganic non-metallic materials. On the other side of the COVID implications coin, Tier-2 manufacturers are struggling to manufacture and channel the product in the market owing to the higher marginal loss and partial demand from the market. Considering the aforementioned factors, market is set to resuscitate completely by Q3 of FY2021.
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Segmentation Analysis of Inorganic Non-Metallic Materials Market
The global inorganic non-metallic materials market is bifurcated majorly into four segments: product type, material type, end-use and region.
On the basis of product type, inorganic non-metallic materials market has been segmented as follows:
- Traditional Material
- Advanced Material
On the basis of material type, inorganic non-metallic materials market has been segmented as follows:
- Silica Aerogel
On the basis of end-use, inorganic non-metallic materials market has been segmented as follows:
On the basis of region, inorganic non-metallic materials market has been segmented as follows:
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Inorganic Non-Metallic Materials Market: Key Players
Inorganic Non-metallic materials business is partially consolidated environment of a large number of companies constitute 50% of global market revenues. In the sense of the rapid growth in the construction & building and infrastructure industries in many developing regions, the majority of the world’s leading inorganic non-metallic material manufacturing companies target developing regions to increase manufacturing and distribution capability.
The prominent players for inorganic non-metallic materials market are Csg Holding Co Ltd, Zhonghuan Semiconductor Co Ltd., Guanfu Holdings Co Ltd, Youyan New Materials Co Ltd, Csg Holding Co Ltd, Oriental Yuhong Waterproof Technology Co Ltd, etc. accounting for more than 60% of inorganic non-metallic materials market share. These players dominate the global supply chain for inorganic non-metallic materials market through a well-structured network.
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