Fillers Market in the Composites Industry Growth Trends & Forecast till 2026

October 25, 2021

The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the global Fillers Market in the Composites Industry. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.

Market segmentation

Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.

Fillers Market in the Composites Industry by Filler Type

Based on the filler type, the market is segmented into calcium carbonate, ATH, sand, talc, clay, microsphere, and others. Calcium carbonate is estimated to remain the dominant filler type during the forecast period in terms of volume. Calcium carbonate is widely used as fillers in the fabrication of composite parts for a multitude of markets including transportation, building & construction, and consumer goods, owing to its low cost and modest mechanical properties. ATH holds the second-leading position in the market in terms of volume. ATH is widely used in the electricals & electronics and transportation industries due to its excellent flame-retardant property.

Fillers Market in the Composites Industry by End-Use Industry Type

Based on the end-use industry type, the market is segmented into transportation, electricals & electronics, building & construction, pipes & tanks, consumer goods, marine, and others. The transportation industry is expected to maintain its lead in the market over the next five years. Over the eons, automakers, tier players, and composite material suppliers have jointly worked together in order to increase the penetration of composite materials at a competitive cost. In order to reduce the cost, part fabricators are extensively incorporating low-cost fillers, such as calcium carbonate and talc, whereas fillers, such as alumina trihydrate (ATH) and titanium dioxide, are used to impart flame retardancy and UV-resistant property, respectively. The incessantly increasing penetration of composite materials in the transportation industry is reinforcing the demand for fillers in the coming years.

Regional Insights

In terms of region, Asia-Pacific is expected to comfortably maintain its leading position in the market during the forecast period. China, Japan, India, and South Korea collectively hold more than 47% share of the global automotive production. The region also holds the dominant position in consumer goods, composite pipes & tanks, and electricals & electronics, leading to a huge demand for composite materials as well as fillers for those applications. Significant economic growth, huge consumer base, growing disposable income of consumers, and changing buying patterns are expected to further consolidate the Asia-Pacific’s position in the global market.

As the novel coronavirus (COVID-19) crisis takes over the world, our team of market analysts is continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and their estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive landscape

Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Fillers Market in the Composites Industry along with a list of Key players.

Here are few –

• Imerys S.A.
• Huber Engineered Materials
• Almatis Gmbh
• Omya
• Mineral Technologies Inc.
• The 3M Company
• Sibelco
• Evonik Industries AG
• Albemarle Corporation
• Ashland Global Specialty Chemicals Inc.

Report Features -

This market report includes the following features –

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints.
• Market trend and forecast analysis.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.

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Author : Harshad