Objective of the Study
- Understand addressable market and growth rate %
- Most attractive targetable segments for the period 2020-2031
- Expansion of cosmetics & personal care industry
- List of potential customers that can be targeted
- Identify the key manufacturers and their product offering for different applications
Overview
Performance mineral additives are widely used in plastics, and the trend is for ever-increasing use of mineral additives driven by several factors. Most popular performance mineral additives are calcium carbonate, talc, kaolin, mica, and glass. Several types of specialty additives are available; however, these common types are a good starting point for understanding structure-property relationships. These are cost effective and hence widely used in numerous industries including automotive, packaging, agriculture and pharmaceutical.
The global oil & gas industry is known as a high risk, high investment centric industry, which contributes significantly to the world economy. More than 4 billion metric tons of oil is produced every year across the world. Bentonite and many other minerals are widely used as a rheology modifiers in drilling fluids. Additives are used in the minerals in the oil & gas industry to enhance their performance.
Minerals are widely used in construction industry for their strength and resistance. Increase in usage of minerals in construction industry is expected to drive the demand and growth of performance minerals additives; and at the same time time stringent regulations and government policies could lead to other alternative or substitute products.
This report discusses about various leading manufacturers of performance minerals additives such as IMERYS, Mineral Technology Inc., LKAB Minerals, EP Minerals, etc. in terms of their product offering, market shares, new innovation and futuristic strategies.
Primary Snippet
Minerals acting as fillers, rheology modifiers, suspending agents, emulsion stabilizers, and absorbents are majorly used in the production of plastics and related products.
Major use cases in packaging industry are calcium carbonate, kaolin, quartz, talc, etc.
Key objective behind usage of minerals in plastic industry is to minimize the consumption of virgin plastic in order to save on costs.
Sales Manager – IMERYS
Results
$US 41.7 Billion
(Market size in 2020)
Calcium Carbonate
(Most attractive performance mineral additive that contributes ~42% of the overall market)
7.7% Growth in Energy & Power Industry
(Energy & power is the fastest growing industry for performance mineral additives; 7.7% during the period 2021-2031)
Leading Players
(IMERYS, Mineral Technology Inc., and GLC Minerals LLC are the leading players that constitute more than 35% of the market share)
Conclusion:
Calcium carbonate dominates the servo valve market with ~42% of the market share and is set to maintain the statuesque with its faster growth rate comparing to other type except for halloysite in the next 8-10 years. This is primarily due to the rise in demand for precession applications in energy & power, construction, personal care & health care and other related industries.
The demand for calcium carbonate is majorly attributed from industries like energy & power, construction, personal care & home care, packaging, etc.
Our Approach
Supply Side Approach
- Identified the key manufacturers and mapped their products related to different types of performance mineral additives
- Collected their overall and industry specific revenues from annual reports, investor presentations and other publications
- Estimation of overall market size (value) based on revenues of players and their market shares
- Estimated the ratio of various mineral additives from their product mapping done specifically for each of the end-use industries and their respective revenue calculation
- Detailed price analysis (quotation from manufacturers, import-export database, etc.)
- Exhaustive primary interviews for data validation
Demand Side Approach
- Researched each of the end-use industries to understand sub-applications and used cases
- Analyzed usage level of each of the performance mineral additive in different application/sub-application
- Analyzed investment spending/procurement value of various mineral additives to understand their individual shares to the overall market
- Analyzed shares of various sub-applications within application areas based on the usage level and demand of those particular performance mineral additives in the respective countries
- Detailed primary interviews for data validation
