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.
Browse full research report on Polymer Filler Market: http://www.grandviewresearch.com/industry-analysis/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.
- 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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the global Polymer Filler
Market on the basis of product and end use:
Global Polymer Fillers Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014-2024)
- Organic
Fillers
- Natural
Fibers
- Carbon
- Others
- Inorganic
Fillers
- Oxides
- Hydro-Oxides
- Salts
- Silicates
- Metals
- Others
Global Polymer Fillers End-Use Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014-2024)
- Automobile
- Building
& Construction
- Electrical
& Electronics
- Industrial
Products
- Packaging
- Others
Global Polymer Fillers Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014-2024)
- North
America
- U.S.
- Europe
- Germany
- France
- UK
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Middle
East & Africa
- Central
& South America
- Brazil
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-polymer-filler-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more Info: www.grandviewresearch.com
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