NEW YORK, June 6, 2016 /PRNewswire/ —
According to a new market report published by Lucintel, the future of the calcium carbonate filler market looks good with opportunities in the composites industry for the transportation and construction segments. Calcium carbonate filler in the global composites industry is forecast to grow at a CAGR of 5.4% 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 in transportation and construction sectors. Within the calcium carbonate filler in the global composites market, the construction industry is expected to remain as the largest market by value and volume consumption. Growing demand of the light weight vehicles is expected to spur growth for calcium carbonate as filler in transportation segment over the forecast period.
Asia Pacific is expected to remain the largest market due to growing industrialization and infrastructure development in China and India. Asia Pacific and Rest of the world are expected to grow significantly over the forecast period due to growing usage of composite materials in the transportation and construction industries. For market expansion, the report suggests innovation and new product development, where the unique characteristics of calcium carbonate material 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. Huber Engineered, Omya, Imerys, Lhoist, and Mineral Technologies are among the major suppliers of calcium carbonate filler in the global composites industry.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the calcium carbonate filler in the composites industry by end use application segments and region and has come up with a comprehensive research report, “Growth Opportunity for Calcium Carbonate Filler in the Global Composites Industry 2015-2020: Trend, 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 calcium carbonate filler in the global composites industry through 2020, segmented by end use application segments and region as follows: By end user industry [volume (Million Pounds) and $ Million shipment from 2009 to 2020]:
Rest of the World This report answers following 11 key questions:
Q.1: What are some of the potential, high-growth opportunities for calcium carbonate filler in the global composites market by end user industry and regions?
Read the full report: http://www.reportlinker.com/p03871140-summary/view-report.html
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