Paints, Coatings Fillers Market Expected to Grow 5 Percent CAGR Between 2019-2027
The global paints & coatings fillers market was valued at ~$ 2.8 billion in 2018 and is anticipated to expand at a CAGR of ~5% from 2019 to 2027.
End-user industries of paints & coatings fillers, such as construction and automotive, have been expanding since the past few years. The construction industry is a key consumer of paints & coatings fillers.
Industrial coatings are usually thin films applied to steel, concrete, and other materials to augment specific properties such as corrosion resistance, wear resistance, and conductivity. These coatings contain fillers such as barium sulfate, calcium carbonate, clay & kaolin, glass powder, mica, and silica. These fillers are used primarily to improve the performance characteristics of these coatings.