The polymer fillers market is anticipated to grow steadily throughout the forecast period, with a CAGR of 4.5%, to reach US$ 54.1 Bn by 2032.
A variety of plastic goods are produced using polymer fillers in a variety of applications. They increase the strength of the finished product while also lowering the total weight when mixed with polymers.
In order to lower the overall cost of producing plastic components, polymer fillers, which are inexpensive items, are frequently utilized as a replacement for expensive polymer resins. Because fillers offer unique qualities that can enhance the performance of plastics, they are utilized in a variety of polymers, including elastomers, thermoplastics, and thermosets.
Numerous end-use industries, including the automobile, building & construction, and others, use these fillers. The automotive industry’s rising need for lightweight polymers is encouraging consumers to use polymer fillers, which will continue to drive the market throughout the projection period.
Fillers are finding widespread use in the building industry because they lighten the material, cost less, and add significant strength. It is projected that the building and construction industry will expand due to the rising industrialization and urbanisation of the world.
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“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.
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More Insights into the Global Polymer Fillers Market Report
In its latest report, FMI offers an unbiased analysis of the Global Polymer Fillers market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on product type (organic filler & inorganic fillers), application (automotive, building & construction, electronics & electrical, industrial products, packaging, and others) & region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
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