Global Polymer Filler Market: Introduction
“The global Polymer Filler Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Fillers are materials that are added to the formulation of polymer to decrease the cost or to improve the properties of the compound. These materials are in the gas, liquid, or solid form.
Global Polymer Filler Market: Dynamics
Growing construction industry in developing countries owing to rising purchase power of individuals and increasing population is projected to propel the growth of the global polymer filler market over the next 10 years. Increasing demand for high strength materials with lower weight in automotive applications is expected to be a key factor driving the growth of the global polymer filler market.
Increasing demand for passenger vehicles with improved fuel efficiency in developing countries is anticipated to drive the growth of the global market. Furthermore, rising penetration of environmentally friendly materials in construction applications is expected to drive the growth of the market.
However, the high production cost of polymer fillers is major factor expected to restrain the growth of the polymer filler market.
Global Polymer Filler Market: Segment Analysis
Among the product segments, the inorganic segment is projected to dominate the global polymer filler market. Increasing demand for salts in building & construction applications is expected to drive the growth of the segment. The organic segment is projected to register a lucrative growth rate in the polymer filler market. Environment-friendly nature and low cost of organic fillers is anticipated to drive the growth of the segment over the long run.
Among the end user segments, the building & construction segment is estimated to dominate the global polymer filler market. Growing construction industry in developing and developed countries is expected to drive the growth of the segment. Increasing demand for calcium carbonate fillers in the building & construction applications is estimated to support the growth of the segment. The automotive segment is projected to register a significant growth rate in the polymer filler market.
Global Polymer Filler Market: Regional Analysis
Asia Pacific market is projected to account for major share in the global polymer filler market over the next few years. Growing demand for composite panels from the automobile industry to lower the weight of the vehicle and improve the performance is a key factor driving the growth of the Asia Pacific polymer filler market. Growing building and construction industry in the countries in this region is projected to drive the growth of the Asia Pacific polymer filler market in the next few years.
North America polymer filler market is projected to register significant growth rate over the next few years. Stringent regulations regarding the use of lightweight materials in automotive manufacturing in the countries in this region is a factor driving the growth of the polymer filler market in North America. Furthermore, growing packaging industry in the region is estimated to drive the growth of the North America polymer filler market.
Global Polymer Filler Market Segmentation:
Segmentation by Product:
- Others (Metals, Graphite, Wood Flour, Polyester)
Segmentation by End User:
- Building & Construction
- Others (Consumer Goods, Medical, and Recreational)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Imerys S.A.
- LKAB Minerals AB
- Minerals Technologies Inc.
- OMYA AG
- HOFFMANN MINERAL GmbH
- GCR Group
- 20 Microns Limited
- Unimin Corporation
- Quarzwerke GmbH
- Kärntner Montanindustrie GmbH
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