A key factor driving the growth of the market is 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. Developing economies, such as China, India, Brazil, Mexico, the Philippines, and Indonesia, are expected to contribute highly toward the growth of the global mineral fillers during the forecast period.
This market research report on the global mineral fillers market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the increase in R&D activities of the fillers technologies as one of the key emerging trends in the global mineral fillers market:
Global mineral fillers market: Increase in R&D activities of the fillers technologies
The growing innovation and product development of the fillers technologies are expected to drive the global mineral fillers market during the forecast period. In developed countries such as the US, Germany, the UK, France, and Canada, the growing investment for the production of new mineral fillers products will drive the market growth.
“The increasing R&D activities in transparent ultrafine mineral filler technologies is expected to drive the demand for mineral fillers during the forecast period. The technology uses nepheline syenite, a unique and versatile functional filler for coating applications. The ultrafine grades offer better performance and assist the ultra-violet curing in paints and coatings application,” says a senior analyst at Technavio for research on specialty chemicals.
Global mineral fillers market: Segmentation analysis
This market research report segments the global mineral fillers market by application (paper, plastics, paints and coatings, and adhesives and sealants) and geographical regions (APAC, EMEA, and the Americas).
The paper segment held the largest market share in 2017, accounting for nearly 33% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of more than 46% of the market share. The market share occupied by this region is anticipated to increase by nearly 1%, during 2018-2022.
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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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