Industry News

Polymer Filler Market to Reach USD 53.10 Bn by 2020: M&M

Published on 2016-04-12. Author : SpecialChem

The report "Polymer Filler Market by Type (Organic: Natural Fibers, & Inorganic: Oxides, Hydroxides, Salts, Silicates, Metals, and Others), by End User (Automotive, Building & Construction, Industrial, Packaging, and Others) - Global Forecast to 2020", The global polymer fillers market size is estimated to grow from USD 45.24 Billion in 2015 to USD 53.10 Billion by 2020, at a CAGR of 3.3%. The use of low-density fillers in the automotive industry acts as a driver for the polymer fillers market. High-quality optical properties as well as improved impact strength and ability to replace expensive plastic resins are likely to drive the global polymer fillers market.

Fig. 1: MarketsandMarkets

Salts, silicates, and oxides, the largest types of polymer filler

The growing popularity of polymer fillers in various types play a significant role in driving the market. Salts, silicates, and oxides are its most important types. The rising demand for low-cost fillers in countries, such as the U.S., Germany, India, and Brazil is expected to increase their demand in the coming years. Stringent environmental regulations and government guidelines have increased the importance of polymer fillers globally in the recent years. The U.S. is focused on increasing investments in the chemical processing sector, which will boost the demand for polymer fillers in the packaging, industrial, and automotive segments.

Rising demand in Asia-Pacific is the major driver for of the polymer filler market

Asia-Pacific was the largest and North America was the second-largest market for polymer fillers in 2014. The Asia-Pacific region also registered the highest growth rate between 2015 and 2020. The high demand in Asia-Pacific is due to growth in the building & construction and packaging industries in the last few years. The Chinese market for polymer fillers is growing at a fast pace, primarily due to the growing manufacturing sector driving the consumption of plastics-related products, domestically.

The key companies profiled in the polymer fillers market research report are Imerys S.A. (France), LKAB Group (Sweden), Minerals Technologies Inc. (U.S.), Omya AG (Switzerland), 20Micron Limited (India), Hoffman Minerals (Germany), GCR Group (Spain), Unimin Corporation (U.S), Quarzwerke Group (Germany), and Karntner Montanindustrie Gesellschaft M.B.H. (Austria).

The scope of the report covers detailed information regarding the major factors influencing the growth of the polymer fillers market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies such as investments & expansions and mergers & acquisitions, and recent developments associated with the market. The polymer fillers market has been segmented by type (organic: natural fibers and inorganic: oxides, hydroxides, salts, silicates, metals, and others), by end user (automotive, building & construction, industrial, packaging, and others) and by region (North America, Europe, Asia-Pacific, and RoW).

About MarketsandMarkets

MarketsandMarkets is one of the world leading market research companies. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. It specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Its 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

Source: MarketsandMarkets
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