Mineral Fillers Market Revenue From Paper-Related Application, Forecasted At 7.1%CAGR By 2032 States Fact.MR

Application of Mineral Fillers in Paper Industry to Garner a Majority of Market Revenue Throughout the Analysis Period

Rockville, Jan. 16, 2023 — The Global Mineral Fillers Market was valued as at US$ 22.9 Bn In 2022, it is projected to reach US$ 42.6 Billion by 2032In a recent survey by Fact.MR, this was the conclusion. It is expected that demand will drive primarily because of the widespread use in many industries as manufacturers attempt to lower costs and take advantage of the properties fillers have.

Demand for lightweighting In the automotive industry to provide a major boost in demand for the forecast period

The automotive industry is moving towards lightweighting vehicles. Lighter materials are better for vehicle safety and fuel consumption. A key component of this trend is mineral filler-enhanced, plastic. Research shows that the use of crumple zone fillers can improve safety. Additionally, single parts of plastic can be printed to replace smaller parts of metal, which helps reduce assembly time and costs.

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Mineral Fillers Market: Competition Insights

The key companies operating in the mineral fillers market include Akrochem Corporation, Albemarle Corporation, Covia Corporation, Elementis, GCR Group, Hoffmann Minerals, Huber Engineered Materials, Imerys SA, Kärntner Montanindustrie GmbH, LKAB Minerals AB, Lhoist S.A., Minerals Technologies Inc., Omya International AG, Quarzwerke GmbH, US Minerals, Vanderbilt Chemicals, and 20 Microns Ltd.

These are some of the most recent developments in Mineral Fillers:

• In April 2021 Cimbar Performance Minerals, which is a division United Minerals and Properties, Inc., Chatsworth, GA, purchased production and warehouse assets of business Tor Minerals, Chatsworth.

• August 2021 Harwick Standard Distribution Corp. announced the signing of a deal to acquire Western Reserve Chemicals. This company distributes mineral fillers, among other products.

• April 2021 Farrel Pomini and Processing Technologies International announced a partnership. The collaboration will result in a new technology called Direct-to-Sheet Compounding that will allow for the extrusion of sheets with high levels filler loadings, such as 60-70%.

Key Companies Profiled

• Akrochem Corporation

• Albemarle Corporation

• Covia Corporation

• Elementis

• GCR Group

• Hoffmann Minerals

• Huber Engineered Materials

• Imerys SA

• Kärntner Montanindustrie GmbH

• LKAB Minerals AB

• Lhoist S.A.

• Minerals Technologies Inc.

• Omya International AG

• Quarzwerke GmbH

• US Minerals

• Vanderbilt Chemicals

• 20 Microns Ltd

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Application of Mineral Fillers in Papermaking can make the greatest contribution to revenue

Global mineral fillers are most popular in papermaking. It will account for over 30% of global market share by 2021. This application saw a 5.6% CAGR and has a market value of US$17 Bn, at a 7.1% CAGR. This category will see increased demand as papermakers recognize the many benefits of using fillers. These include reduced costs, smoothing at lower masses per unit area and the ability meet requirements for brightness and transparency at lower cost than just using fibers.

The United States will continue to be the nucleus for global mineral fillers demand

The US is a significant country for global mineral-fillers demand. In 2021, the US accounted for 36% of that market. Between 2022 and 2032 there was a US$6.7 billion absolute dollar opportunity. By 2032, the market will be US$ 17.6Bn. This forecasted market growth rate of 6% is expected to increase to US$ 17.6Bn by 2032. In 2022, the US government’s Department of Energy awarded a US$ 3.3 Mn grant for the production of and research into biogenic limestone to be used as a mineral in ground limestone.

Mineral Fillers Industry Survey Covers Key Segments

• By Application:

• By Region:

  • North America

  • Europe

  • Asia Pacific

  • Middle East & Africa

  • Latin America 

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More insights available

Fact.MR presents a new offering that provides an impartial analysis of the Global Mineral Fillers Market. This includes historical market data (2015-2021), and forecast statistics (2022-2032).

The study reveals extensive growth in Global Mineral Fillers Market by Application (Paper, Plastic, Paint and Coatings, Adhesives and Sealants, Other Applications), across five regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).

Table of Content

1. Executive Summary

  1.1. Global Market Outlook

  1.2. Demand-side Trends

  1.3. Supply-side Trends

2. Market Overview

  2.1. 2.1.

  2.2. 2.2.

3. Market Background

  3.1. Market Dynamics

  3.2. Scenario Forecast

  3.3. Opportunity Map Analysis

  3.4. Analyse of Product Life Cycle

  3.5. Analyse of the Supply Chain

4. Global Market Analysis

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