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TMR: Performance Minerals Additives Market to Reach US$ 72.5 Billion by 2031

The rise in the global demand for construction has led to a significant increase in the usage of performance minerals additives.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

According to Transparency Market Research (TMR), the global performance minerals additives market is estimated to expand at a CAGR of 5% to $72.5 billion by 2031. This is due to numerous factors.

Performance minerals additives are particles added to resin or binders (plastics, composites, concrete) that can improve specific properties, make the product cheaper, or a mixture of both. The global performance minerals additives market is broadly affected by several factors, including usage of performance minerals additives in various applications such as plastic, rubber, lubricants, and paints & coatings.

The rise in the global demand for construction has led to a significant increase in the usage of performance minerals additives. The usage of minerals in the cosmetics & personal care industry has been rising. Consequently, the demand for additives required to enhance the performance of these minerals is also increasing. This is boosting the performance minerals additives market.

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