Growing Demand in Aerospace & Telecommunications sector Play a Significant Role in Expansion of Inorganic Non-Metallic Materials Market at potential CAGR, Reveals Fact.MR

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.

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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.

Inorganic Non-Metallic materials have extensive application right from Energy, Aerospace Telecommunications, and Biotechnology to Constructions which makes it a material of choice. The inorganic non-metallic materials market is expected to grow at a higher single digit CAGR as compared to the previous two decades combined.

The inorganic non-metallic materials market, especially in developing regions, where it is used widely, is growing at a steady pace all over the world. In housing and commercial sectors, the demand for construction is growing due to rising economies, urban development, per capita income and expenditure, GDP growth and population expansion along with government initiatives towards industrial and infrastructural development.

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.

In addition to construction industry, demand for better cosmetic design, structural reliability and durability, there is a growing need for inorganic non-metallic materials in almost every industry ranging from, Energy, Aerospace, Telecommunications and Biotechnology, which gives an impetus to market growth. These aforementioned factors give impetus to the growth of inorganic non-metallic materials market in the long run.

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.

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The plant shutdowns in Europe, Asia and North America in the second quarter of 2022 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.

Inorganic Non-Metallic Materials Market: Regional Outlook

On the basis of the regional split, the report “Inorganic Non-Metallic Materials” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa.

Among them, Asia Pacific combined accounts for closely 40% of inorganic non-metallic materials market share. Wherein, China holds the dominant position as a leading manufacturer across the globe for inorganic non-metallic materials.

Taking into consideration well-advanced infrastructure and cutting edge technology in response to elevating development has penetrated inorganic non-metallic materials market at a much higher rate.

However, Europe is projected to be the most promising region for inorganic non-metallic materials due to the widespread application of inorganic non-metallic materials across Aerospace, Technology and Construction pushing it as a far-reaching system for modern materials.

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