Industry Perspectives
In 2015, the market for polymer fillers was worth more than USD 45 billion. The market for low-density polymer filler is projected to grow because to the rising demand for lightweight, high-strength materials in industrial and automotive applications. In the near future, expensive plastic resins are anticipated to be replaced by polymer fillers due to their improved impact strength in a variety of industrial items.
As low-cost fillers are used more frequently in nations like the United States, India, Germany, Brazil, and others, polymer fillers are likely to become more widely accepted in a variety of industrial products. Environmental laws and strict rules are predicted to have an impact on the worldwide polymer filler market. The main drivers of the expansion of the polymer fillers business are projected to be the rising need for high-strength, low-cost materials and constant innovation.
Due to their eco-friendliness, organic fillers are likely to see an increase in demand, which will fuel market expansion. The high availability of natural fibres at cheaper prices, such as cellulose, wood, etc., is probably a major contributing cause to the rise in demand.
Due to their high flammability and hygroscopicity, the application base for organic compounds has been constrained. The substitution of fillers between segments is also anticipated to slow market expansion. The conventional fillers are anticipated to face pressure from rising demand for inexpensive, high-strength fillers.
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Product Information
Due to their widespread availability and exceptional qualities, inorganic polymer fillers are typically employed in construction materials. In 2015, salts like calcium carbonate and calcium sulphate are anticipated to dominate the industry and account for more than 60% of the market for inorganic fillers. Because they are inexpensive and have a significant amount of strength, salts are favoured in the building and construction business.
Due of their low price and wide availability, organic fillers are quickly gaining appeal. Organic fillers’ eco-friendliness has been a major driving element in recent years and is anticipated to remain so over the projection period. When used to prolong resins, organic polymer fillers like shell and wood flour have low specific gravities and possibly result in cost reductions.
End-use Perspectives
Over 20% of the market is thought to be dominated by the building and construction industry. The widespread use of calcium carbonate fillers in construction applications is responsible for the industry’s high penetration.
Over the projection period, the automotive industry is anticipated to grow at the fastest rate. Factors High growth is a result of the industry’s growing need for high-strength, low-weight materials. Furthermore, it is anticipated that strict restrictions governing vehicle emissions would increase demand for the product.
Regional Perspectives
In 2015, the Asia Pacific Polymer Filler Market dominated the global market, accounting for approximately 45% of the total volume. The regional demand is anticipated to be driven by rising demand in the construction, packaging, and automotive industries.
It is also projected that China’s and India’s rapid industrialization will propel the polymer filler market. To help businesses engaged in the manufacture of polymers and composites, the Indian government has put in place investment promotion schemes.
Analysis of the Polymer Filler Market
Because of the growing demand from the primary end-use sectors for the introduction of new and innovative goods, the worldwide polymer fillers market is anticipated to stay under pressure. Market players may expect tougher competition from suppliers of substitute commodities like trash or waste. Concrete is produced using scrap or waste materials as fillers.
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By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
