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: 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.
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
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