Mineral Fillers Industry Is Set To Witness A Growth Rate Of 6.0% Over The Forecast Period And Be Valued At US$ 42.6 Bn By 2032

According to Fact.MR, the Global Mineral Fillers Market was valued at $22.9 billion in 2021 and is predicted to reach $42.6 billion by 2032. The extensive usage of fillers across industries as manufacturers aim to cut costs while benefiting from the qualities that adding fillers can provide is projected to be the primary driver of demand.

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

The automobile industry’s developing trend of the hour is vehicle lightweighting. The use of lighter materials for automobiles, which immediately helps fuel efficiency and reduces emissions, also benefits vehicle safety. Mineral filler-enhanced plastic is an important new component in this trend. According to research, crumple zone filler applications can contribute to greater safety. Furthermore, the printing of single plastic parts can replace multiple smaller metal parts, reducing assembly time and costs.

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Applications of Mineral Fillers in Papermaking to contribute the most to revenue

Papermaking is the top application for global mineral fillers, contributing to over 30% of the global market in 2021. Revenue through this application witnessed a CAGR of 5.6% and has a forecasted market value of US$ 17 Bn at a CAGR of 7.1%. Demand in this category is expected to increase as papermakers turn to the benefits using fillers will provide, such as reduced costs, increased smoothing at lower mass per unit area and the ability to meet requirements for properties such as brightness and opacity at lower costs than using just fibers would have cost.

The United States to continue being the Nucleus of Global Mineral Fillers Demand

The US is a key country for global mineral fillers demand, accounting for over 36% of the 2021 market, with a US$ 6.7 Bn absolute dollar opportunity between 2022 to 2032 and a forecasted market size of US$ 17.6 Bn by 2032 at a 6% CAGR. 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.

Key Segments Covered In Mineral Fillers Industry Survey

• By Application :
  • Paper Manufacturing
  • Plastic Manufacturing
  • Paints and Coatings Manufacturing
  • Adhesives and Sealants Manufacturing

• By Region :
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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Mineral Fillers Market: Competition Insights

Some of the recent development in Mineral Fillers are as follows:

• In April 2021, Cimbar Performance Minerals, a division of United Minerals and Properties, Inc., Chatsworth, GA, acquired production and warehousing assets of business Tor Minerals, located in Chatsworth.
• In August 2021, Harwick Standard Distribution Corp. announced that they have signed a deal for the acquisition of Western Reserve Chemicals, which, amongst other offerings, distributes mineral fillers.
• In April 2021, Processing Technologies International and Farrel Pomini announced a collaboration. The two will jointly come up with a new technology for sheet barriers known as Direct-to-Sheet Compounding, which will facilitate the extruding of sheets from high levels of filler loading, like 60-70%.

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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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