Polymer
Filler Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
Global Polymer
Filler Market is anticipated to reach USD 62.54 billion by 2024. Polymer filler
is a material are added to polymer formulation to decrease the cost of
compounds or improvise on properties. The factors that propel the growth of the
polymer fillers market include use of low-density fillers in the automotive
industry, stringent environmental regulations, increasing demand for organic
fillers, and low cost. Polymer filler industry is anticipated to grow at a
significant CAGR of 5.1% in the upcoming period as the scope, product types,
and its applications are increasing across the globe.
A new trend
that is helping to boost the growth of polymer filler market that have a direct
impact on the dynamics of the industry, includes growing demand for lightweight
plastic products for automotive applications and growing consumption of
Nano-filler for polymers.
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Polymer filler
industry may be explored by type, polymer type, application, and geography. The
market may be explored by type as Organics (Natural fibers), Inorganics (Hydro-oxides,
Oxides, Salts, Metals, Silicates, and Other types (graphite, wood flour, PTFE,
polyester, and aramid fibers)). The “Inorganic Fillers” segment led the polymer
fillers market in 2016 and is anticipated to maintain its dominance by 2024.
The key
factors that could be attributed to the growth of market include rising demand
for low-cost fillers in the developing countries such as India and China, high
development and increase in manufacturing of oxides, salts, and silicates,
increasing investments in the chemical processing segment.
Based on
polymer type, the polymer fillers industry could span thermoplastic,
elastomers, and thermoset. The key applications that could be explored in the
market include Electrical & Electronics, Automobile, Industrial, Building
& Construction, Packaging, and Others. The “Building & Construction”
segment led the market of polymer filler in 2016 and is anticipated to maintain
its dominance by 2024. The key factors that could be attributed to the growth
of market include growing demand for high strength low weight material in the
segment, stringent regulations pertaining to vehicular emission, and robust
growth in the manufacturing segment.
Asia-Pacific
accounted for the major market share of the polymer filler in 2015 and will
continue to lead in the forecast period. The factors that could be attributed
to the growth include growth in the building & construction and packaging
industries, increased automotive production, and rise in the use of polymer
fillers. Asia-Pacific is followed by North American region owing to rising
demand for lightweight polymer composites in the U.S.
Some of the
key players that fuel the growth of the polymer filler industry comprise 20
Micron Limited, Quarzwerke group, Omya AG, GCR group, Hoffman Minerals, IMERYS
S.A., Minerals Technologies, LKAB group and Unimin Corporation. The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
Know
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