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.
U.S. Polymer Filler Market revenue by product, 2014 -
2024 (USD Million)
Browse 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.
- 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.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-polymer-filler-market
About Grand View Research,
Inc:
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
No comments:
Post a Comment