Polymer Filler Market Is Expected To Grow At A CAGR of 5.1% from 2016 to 2024 | Grand View Research, Inc.
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.
Access
Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/polymer-filler-market
Further
key findings from the study 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.
Browse more reports of this category
by Grand View Research: http://www.grandviewresearch.com/industry/advanced-materials
Grand
View Research has segmented the global Polymer Filler Market on the basis of
product and end use:
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
Global Polymer Fillers Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014-2024)
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Middle East & Africa
- Central & South America
- Brazil
Access press release by Grand View
Research: http://www.grandviewresearch.com/press-release/global-polymer-filler-market
About Grand View Research
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, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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