Albany, NY -- (SBWIRE) -- 03/19/2018 -- Of late, the global market for paints and coatings fillers has been witnessing tremendous surge in its market size. The rise in the demand for paints and coatings fillers in the automotive and the construction industries is the main factor behind the growth of the worldwide paints and coatings fillers market. This research report is aimed at offering clear and in-depth information about the global market for paints and coatings fillers by carrying out a thorough analytical research of the performance of this market in the past and during the period from 2017 to 2025. The study especially highlights the growth boosters, obstacles, opportunities, challenges, and the key trends in this market in a bid to determine the pace of its growth.
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The global market for paints and coatings fillers is gaining remarkably from the significant rise in the global population and the increase in the number of nuclear families every year. This factor, as a result, is creating considerable demand for paints and coatings fillers across the world. Apart from this, the rise in the consumer goods and automotive industries is also boosting the worldwide paints and coatings fillers market remarkably. However, the alarming increase in the emission of harmful volatile organic compounds (VOC) from paints and coatings fillers, leading to increased concerns over health and environment, is projected to impede the market's growth in the near future.
On the basis of the geography, the worldwide market for paints and coatings fillers can be divided into Latin America, Western Europe, Asia Pacific, Eastern Europe, North America, and the Middle East and Africa. The Western European market for paints and coatings fillers is led by the U.K., Spain, Belgium, France, Germany, Netherlands, Italy, Luxembourg, and Nordic countries, while the Eastern European market is dominated by Poland and Russia.
India, Australia, Japan, China, New Zealand, and ASEAN countries have surfaced as the leading domestic markets for paints and coatings fillers market in Asia Pacific. North America witnesses the prominence of the U.S. and Canada in its paints and coatings fillers market, whereas, the Latin America market is led by Peru, Brazil, Mexico, and Chile. Currently, North Africa, Southern Africa, and GCC are leading the paints and coatings fillers market in the Middle East and Africa and scenario is likely to remain same in the near future.
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3M, Gebrüder Dorfner GmbH & Co., Minerals Technologies Inc., Omya AG, Willamette Valley Co., and VELOX are some of the leading players in the global market for paints and coatings fillers. On account of the presence of numerous players, the market demonstrates a highly competitive and fragmented structure. The leading players in this market are projected to focus on innovation and technological advancements in their offerings over the next few years to attain a competitive edge over their rivals.