Lucintel identifies and prioritizes opportunities for fillers in the global composites industry by product type, end user industry, and region

According to a new market report published by Lucintel, the future of fillers in the global composites market looks good with opportunities in the transportation, construction, pipe and tank, and electrical and electronic application segments. Fillers in the global composites industry 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.
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 fillers in the global composites industry, 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.
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.

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, “Fillers in the Global Composites Industry 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 fillers in the global composites industry through 2020, segmented by end user application segments, product type, and region as follows:
By end user industry [volume (Million Pounds) and $ Million shipments from 2009 to 2020]:
• Transportation
• Marine
• Pipe & Tank
• Construction
• Electrical & Electronic
• Consumer goods
• Others
By product type [volume (Million Pounds) and $ Million shipments from 2009 to 2020]:
• Calcium Carbonate
• ATH
• Others
By region [volume (Million Pounds) and $ Million shipments from 2009 to 2020]:
• North America
• Europe
• Asia Pacific
• Rest of the World
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 helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, commercial due diligence report, business strategy consulting and market research reports online.

This report answers following 11 key questions:
Q.1: What are some of the potential, high-growth opportunities for filler in global composites industry by applications and regions?
Q. 2. Which segments will grow at a faster pace and why?
Q.3: Which regions will grow at a faster pace and why?
Q.4: What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5: What are the business risks and threats to the market?
Q.6: What are emerging trends in this market and reasons behind them?
Q.7: What are some changing demands of customers in the market?
Q.8: What are the new developments in the market? Which companies are leading these developments?
Q.9: Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10: What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution
Q.11: What are M & A activities in the last 5 years in this market? What reasons can be attributed to these activities and how have they impacted the industry?
This 178-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 helpdesk@lucintel.com.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel
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Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

This release was published on openPR.