According to a new market report published by Lucintel, the future of fillers composite market looks good with opportunities in the transportation, construction, pipe and tank, and electrical and electronic application segments. Global Fillers composite market is forecast to grow at a CAGR of 4.9% by value from 2015 to 2020. The major drivers of growth for this market are the increasing demand for sheet molding and bulk molding compounds from transportation and construction sectors.
Browse 47 market data tables and 142 figures spread through 172 pages and in-depth TOC on “Global Fillers Composite Market"
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In this market, calcium carbonate, aluminum trihydrate (ATH), and others are used as fillers in composites. Lucintel predicts that demand of ATH is likely to experience the highest growth rate in the forecast period due to increase in safety regulations and its good flame retardant properties.
Within global fillers composite market, the electrical and electronic industry is expected to remain as the largest market by value consumption. Continuous increase in stringent safety standards with focus on the use of environmentally friendly materials is expected to spur growth for electrical and electronics segment over the forecast period.
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North America is expected to remain the largest market by value due to increasing usage of environmentally friendly flame retardant material.
Asia Pacific and Rest of the world are expected to grow significantly over the forecast period due to the growth in the composites industry supported by rapid growth in building and construction activity and growth in automotive production.
For market expansion, the report suggests innovation and new product development, where the unique characteristics of fillers can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
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The emerging trends, which have a direct impact on the dynamics of the industry, include growing consumption of nano fillers, original equipment manufacturers (OEMs) commitment towards the use of non-halogenated flame retardants, and increasing demand of glass microspheres. Nabaltec, Huber Engineered Materials, Albemarle, Mineral Technologies, and Imerys are among the major suppliers of fillers in the global composites industry. Some companies are opting for merger and acquisition as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed fillers in the global composites industry by end user industry, product type, and region and has come up with a comprehensive research report, “Global Fillers Composite Market 2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategies, as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for global fillers composite market through 2020, segmented by end user application segments, product type, and region as follows:
Fillers composite market by end user industry [volume (Million Pounds) and $ Million shipments from 2009 to 2020]:
Transportation
Marine
Pipe & Tank
Construction
Electrical & Electronic
Consumer goods
Others
Fillers composite market by product type [volume (Million Pounds) and $ Million shipments from 2009 to 2020]:
Calcium Carbonate
ATH
Others
Fillers composite market by region [volume (Million Pounds) and $ Million shipments from 2009 to 2020]:
North America
Europe
Asia Pacific
Rest of the World
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This 172-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/fillers_in_the_global_composite_industry_2020.aspx or helpdesk@lucintel.com.
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