Global Mineral Fillers Market is segmented By Application (Mining, Building, and construction, others), By Type (Plastic, Composite materials, Concrete), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Mineral Fillers Market Overview
Mineral Fillers Market is estimated to grow at a CAGR of 7.7% during the forecast peirod 2024-2031
Mineral fillers are added to 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. The growing skincare industry in emerging economies is also impelling the demand for Mineral fillers. Moreover, increasing demand for fragrances due to the rise in the spending power of consumers is fueling the growth in the market.
Mineral Fillers Market Summary
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Metrics |
Details |
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Market CAGR |
7.7% |
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Segments Covered |
By Application, By Type, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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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 developing countries due to the growth of the construction, packaging, and automotive industries is expected to drive market growth. Particularly, developing economies in APAC and South America regions have increased 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 the National Bureau of Statistics, China, in 2018, the commercial building space sold in the region increased from 157 million sq. meters in 2016 to 169.407 million sq. meters in 2017 and the residential buildings increased from 137.58 million sq. meters in 2016 to 144.788 million square meters in 2017. These are expected consistently during the forecast period.
However, stringent regulations and government policies may hinder the market during the forecast period.
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 a majority share of the global market. Rising awareness about the benefits of mineral fillers has increased the importance and demand for 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 significant growth during the forecast period.
Mineral Fillers Market Geographical Share
By geography, the global Mineral fillers market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the 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 moderate growth during the forecast period due to the sluggish growth of end-users and economic slowdown.
South America and APAC regions are estimated to register a significant CAGR due to reviving the economy and India, China, and Brazil's high growth potential. 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 an all-time high because most of the population is 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, attributed to the huge demand for personal care and household products.
In MEA, an increase in construction projects (residential or commercial) has resulted in the market's growth. In 2018, the total value of the Saudi Arabian capital projects was estimated to be approximately $1 trillion. Simultaneously, 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.
Mineral Fillers Companies and Competitive Landscape
The mineral fillers market is highly competitive, and thus manufacturers continuously focus on developing new strategies to grab more customers across the globe. Over the coming years, companies are expected to focus on potential growth markets for Mineral fillers. 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, Aeropress Corporation, BOC Industrial Gases UK, and Emirates Gas LLC.
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- Identify commercial and residential opportunities in the global Mineral fillers Market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of the global Mineral fillers Market - level 3/5 segmentation.
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- Product mapping in excel for the key products of all major market players
Target Audience 2024
- Equipment Suppliers/ Buyers
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
