Polymer Filler Market Growth, Top Manufacturer Analysis and Forecast to 2025

Posted on 2021-05-10 by researchinsights in Chemicals // 0 Comments

San Jose, California , USA, May 10, 2021 — /EPR Network/ —

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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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

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.

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.

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Key questions answered in the report include:

What will be the market size in 2025?
What are the growth opportunities of Polymer Filler market in upcoming period?
What strategies are the market players adopting to ensure sustainability?
Which region or country driving the demand of Polymer Filler market?
How and where market players should focus to gain maximum ROI?

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