In 2021, the market for polymer fillers had a value of $33.4 billion. Sales will increase by 4.5% CAGR to US$34.7 billion in 2022. The market is anticipated to be driven by rising demand for polymer fillers in plastics, which are widely employed in numerous end-use industries. In light of this, the market valuation by 2032 will reach US$ 54.1 billion.
Also, polymer fillers are low-cost products which are extensively used as an alternative to high-cost polymer resins to reduce overall production cost of plastic components. Fillers are used in various polymers such as elastomers, thermoplastics, and thermosets as they have distinct properties that can improve the performance of plastics.
These fillers are being used in various end-use industries such as automotive, building & construction, and others. Demand for lightweight plastics is increasing in the automotive industry, which is promoting the consumption of polymer fillers, which will continue driving the market over the forecast period.
As fillers reduce the overall weight, are less expensive, and add great strength to the material, they are fining applications in the construction sector worldwide. Expansion of the building and construction sector driven by rapid industrialization and urbanization is anticipated to create opportunities for growth in the market.
Get a holistic overview of the market from industry experts to evaluate and develop growth strategies. Download the sample
@ https://www.futuremarketinsights.com/reports/sample/rep-gb-14506
“Surging demand for inorganic polymer fillers such as salts and calcium carbonate, along with growing adoption in the automotive sector will continue augmenting the growth in the market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Based on product type, the inorganic fillers segment is projected to hold approximately 63.9% of the total market share in 2022.
- In terms of end-use industry, sales in the automotive segment is anticipated to grow at 4.6% CAGR through 2032.
- India will emerge as a lucrative pocket, with demand increasing at a 5% CAGR over the assessment period.
- China will continue dominating the East Asia polymer fillers market, accounting for 61% of the East Asia market share in 2022.
Competitive Landscape
Key players operating in the global polymer fillers market include Imerys, 20 Microns Limited, GCR Group, Minerals Technologies Inc., Quarzwerke GmbH, Hoffman Minerals, Unimin Corporation, Omya AG, Mondo Minerals, LKAB Group, and others.
Leading players are strengthening their positions by expanding their production facilities. Polymer fillers are in high demand across a wide range of end-use industries, including automotive, building and construction, packaging, and industrial products. To meet the growing demand, key players are improving their product portfolios by launching new products in the market.
Ask Us Your Questions About This Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-14506
Polymer Fillers Market By Category
By Product Type:
- Organic Fillers
- Natural Fibers
- Carbon
- Others
- Inorganic Fillers
- Oxides
- Hydro-Oxides
- Salts
- Silicates
- Metals
- Others
By End-Use Industry:
- Automotive
- Building & Construction
- Electrical & Electronics
- Industrial Products
- Packaging
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com