Research Reports

Market Overview

• The Global Mineral Fillers Market is expected to grow at a high CAGR during the forecast period (2019-2026)
• Mineral fillers are added to materials such as plastics, composite materials, and concrete to reduce the consumption of expensive resins or binder materials and to confer better properties such as strength, hardness, and smoothness to the combined materials.
• Growing skincare industry in emerging economies is also impelling the demand for Mineral fillers. Moreover, increasing demand for fragrances due to rise in the spending power of consumers is fueling the growth in the market.

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Global Mineral Fillers Market Dynamics

• The global mineral fillers market is primarily driven by the increase in demand for mineral fillers from developing countries. The high demand for mineral fillers in the developing countries due to the growth of the construction, packaging, and automotive industries is expected to drive the market growth. Particularly, developing economies in APAC and South America regions have increased the investment in commercial real-estate. The Brazilian government announced at the end of 2017 an investment of approximately US$36 billion to resume 7,000 construction projects. The scheme, known as Agora é Avançar, aims to resume and complete previously stalled works by the end of 2018.  The Chilean government plans to invest US$28 billion under the Infrastructure Master Plan to develop the country’s infrastructure by 2021, creating huge opportunities for self-healing materials.
• According to National Bureau of statistics China in 2018, the commercial building space sold in the region is increased from 157 million sq. meters in 2016 to 169.407 million sq. meters in 2017 and the residential buildings increased form 137.58 million sq. meters in 2016 to 144.788 million square meters in 2017, and these expected consistently during the forecast period.
• However, stringent regulation and government policies may hinder the market during the forecast period.

Global Mineral fillers Market – Segment Analysis

• By application, the global Mineral fillers Market is segmented into mining, building and construction, and others (Industrial, paint and coatings). In 2018, Building and Construction held majority share in the global market. Rising awareness about the benefits of mineral fillers has increased the importance as well as demand of mineral fillers in developing countries Brazil, India, and China.
• High industrialization growth in the region, especially in China and India, is estimated to fuel the demand for mineral fillers in the region. Driven by the regulations and growing end-user base from industries like oil & gas and mining, the market is expected to witness a significant growth during the forecast period.

Global Mineral fillers Market– Geographical Analysis

• By geography, the global Mineral fillers market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).
• In 2018, Europe accounted for the majority share in the Global Mineral fillers Market. Major contributors to the regional market are U.K, France, and Germany. However, the region is anticipated to witness a moderate growth during the forecast period due to sluggish growth of end users and economic slowdown.
• South America and APAC regions are estimated to register a significant CAGR owing to reviving economy and high growth potential of India, China and Brazil. APAC is the fastest growing market among them, owing to the presence of dynamic and emerging economies in the region such as India, Japan, China, Singapore and South Korea. Construction in these countries is at all time high because of the majority of the population moving to urban areas. This shift will require more residential and commercial building construction, therefore, fueling growth in the construction sealants market in the region.
• North America is the second largest market in the Global Mineral fillers Market after Europe. The US is leading the market in this region, which is attributed to huge demand of personal care and household products.
• In MEA, increase in construction projects (residential or commercial) has resulted in growth of the market. In 2018, the total value of the Saudi Arabian capital projects is estimated to approximately $1 trillion. At the same time, the U.A.E. comes second with capital projects of ~$700 billion, while Egypt and Kuwait are the following two with ~$570 billion and ~$200 billion respectively. Therefore, fueling growth in the market.

Global Mineral fillers Market– Competitive Analysis

• Mineral fillers market is highly competitive and thus manufacturers continuously focus on developing new strategies in order to grab more number of customers across the globe. Over the coming years, companies are expected to focus on potential growth markets for Mineral fillers. To that end, besides expanding their presence, companies are expected to formulate effective distribution strategies to make their presence felt in the upcoming markets for Mineral fillers. Merger, acquisition and product development are key strategies adopted by leading players.
• The major players include Royal Dutch Shell Plc, Arkema Group, National Gas Company SAOG, Akzo Nobel N.V., and Aveflor A.S. Other prominent players in the market are Honeywell, Grillo Werke AG, Aeropres Corporation, BOC Industrial Gases UK, and Emirates Gas LLC.

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