The global Polymer Filler Market is expected to reach USD 62.54
billion by 2024, according to a new report by Grand View Research, Inc. the
surge in demand for low-density fillers with better impact strength is likely
to propel the market growth. Polymer fillers are likely to emerge as a cheaper
alternative to costly plastic resins over the forecast period. Increasing
demand for low-cost fillers from various end-use industries in both developed
and emerging countries such as the U.S., Germany, India, China, etc. is
expected to propel the market growth.
Stringent regulations
pertaining to automotive pollution has forced automotive manufacturers in the
U.S. and Europe to use lightweight materials for manufacturing. Development of
novel low-density fillers is expected to propel the market growth.
Inorganic fillers were the
leading product segment and accounted for 78.9% of total market volume in 2015.
However, organic fillers are expected to witness a brisk growth of 5.6% over
the forecast period. Increasing environmental concerns have attracted more
industries to opt for organic filers rather than traditional inorganic fillers.
Abundant availability along with renewable nature of the natural fibers such as
wood, cellulose, etc. is also expected to have a positive impact on the market
growth.
Full research report on Polymer Filler Market:
Further key findings
from the report suggest:
·
Global Polymer
Filler Market demand was 31.75 million tons in 2015 and is expected to reach
49.72 million tons by 2024, growing at CAGR of 5.1% from 2016 to 2024
·
Automotive and
building & construction collectively accounted for over 40% of total market
volume in 2015. Increasing demand for high strength plastic composites in all
these end-use industries is expected to drive the market growth. Automotive is
also expected to witness the highest growth of 5.9% over the forecast period.
·
Asia Pacific
emerged dominated the global market with demand share exceeding 45% in 2015.
Burgeoning building & construction industry along with favorable
governmental regulations in India, China, Indonesia, and Thailand is likely to
drive the regional market. Increasing demand for lightweight polymer composites
in the U.S. is expected to propel the North American market over the forecast
period.
Get more information on " Polymer Filler Market " or request for TOC of this research
report at: http://www.grandviewresearch.com/industry-analysis/polymer-filler-market/toc
·
Key market
players include Quarzwerke group, 20 Micron Limited, GCR group, Omya AG, Imerys
S.A., Hoffman Minerals, Minerals Technologies, Unimin Corporation, LKAB group.
Global polymer fillers industry is fragmented in nature, and the threat of new
entrants is high due to lower initial investment. Despite presence of a large
number of market players, the value chain is mainly dominated by end-use
industries as most of the polymer composites are manufactured considering the
application requirements.
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