Driven by heavy competition, manufacturing sectors are striving to reduce costs or to enhance performance through the use of filler. The global filler market sees moderate growth, benefiting from increasing demand in application areas. Fillers are gaining increasing importance particularly when they are supplied more as property modifier than as cost reducer.
The global demand on medical ceramics / ceramic components last year was valued at approximately US$12.3 billion. Global medical ceramics /ceramic component market will see 6.0-6.5% annual growth rate in the coming years driven by strong demand from application markets such as implantable electronic devices, medical coatings, diagnostics instruments. The market is expected to reach US$14.7 billion by 2017 and to increase to US$17.6 billion by 2020.
The global demand on silicones approached US$16.42 billion in 2014, approximately 4.5% up from the previous year. It is expected to grow by 5% in the coming years. With a wide range of applications, innovative products, and more environmentally friendly materials, the silicone market will experience healthy and robust growth in the future.
Global acrylic resin industry achieved remarkable growth in the last years. The outstanding chemical characteristics and unique aesthetic properties of the acrylic resin make it a very valuable material for a wide range of applications. Major application markets for acrylic resin are paints & coatings, adhesive & sealant and construction & architecture, while strongest demand comes from automotive and medical device markets.
Benefiting from rapid recovery in automotive and chemical industry overall, catalyst market experiences over average growth as well. Global demand on catalysts was valued at US$33.5 billion in 2014 and will witness robust growth in the next years.
Polyamide (nylon) market continues to develop very unevenly. While the polyamide fiber market is quite saturated and sees slow or flat growth, polyamide engineering thermoplastics (PA ETP) market shows strong growth globally, likely to increase between 5-6% annually in the coming years.