Polymer Fillers Market Share Synopsis
Market Research Future (MRFR)
speculates that the global Polymer Fillers Market Share is predicted to
demonstrate a robust CAGR during the forecast period (2016-2022). Increasing
demand for high-strength materials in the automotive industry is anticipated to
favor the market growth. Polymer fillers are referred to as materials added to
base materials like paper, rubbers, concrete, and plastics in order to enhance
their reinforcement attributes. Polymer fillers help to reduce the overall cost
of the product besides minimizing the consumption of the binder material and
improving the properties of the polymer. They are used to increase the density,
reduce the cost of the material, and improve the thermal conductivity.
Competitive Dashboard
The prominent players operating the
global Polymer
Fillers Market Share are LKAB Group, Unimin Corporation, 20 Micron Limited,
Minerals Technologies, Hoffman Minerals, Quarzwerke Group, Omya AG, GCR Group,
and Imerys S.A.
Market Potential and Pitfalls
Polymer filler Industry has the
ability to replace expensive plastic resins, which makes it a popular material
for several applications. They offer development opportunities to industries
like newer materials which improves the molding properties. The rising demand
for lightweight and high strength materials in the industrial and automotive
sector coupled with its eco-friendly nature is anticipated to trigger the
demand for polymer filler industry across the globe. Moreover, the low cost and
abundant availability of natural fillers are some of the other factors
considered to propel the market growth throughout the appraisal period. With
the augmenting demand for low-cost fillers in economies such as Germany, the
U.S., Brazil, and India, the market for polymer filler is predicted to boost in
the coming years. Strict government mandates along with environmental
regulations have augmented the importance of polymer fillers across the globe.
With the growing demand for low-cost
and high strength materials coupled with innovations in polymer filler are some
of the major factors considered to favor the market growth to a large extent.
Moreover, the augmenting demand for organic fillers due to its eco-friendly
nature is likely to contribute to the growth of the market. The high
availability of natural fibers like wood and cellulose at a lower cost is
estimated to be responsible for the growing demand.
On the contrary, organic fillers are
generally derived from mines, which is predicted to adversely affect the
environment, thereby vitiating the market growth to a certain extent.
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Global Polymer Fillers Market Share:
Segmental Analysis
The global Polymer Fillers Market
Share has been segmented on the basis of product and application.
By mode of product, the global Polymer
Fillers Market Share has been segmented into salts, natural fibers, hydroxides,
oxides, and others.
By mode of application, the global Polymer
Fillers Market Share has been segmented into building & construction,
automotive, industrial products, and packaging. Among these, the building &
construction sector is predicted to dominate the global market owing to the
high penetration due to the popularity of calcium carbonate fillers in the
construction sector. On the other hand, the automotive sector is expected to
witness the highest growth rate owing to the increased demand for high strength
low weight material in this sector.
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Regional Insights
Geographically, the Polymer Fillers
Market Share span across regions namely, Europe, Asia Pacific, North America,
and the Rest-of-the-World (RoW).
Among all the regions, the Asia
Pacific region is considered to be the fastest growing region for polymer
filler and leads the global market. The growth in this region is credited to
the high demand for lightweight plastic products in the automotive sector
coupled with the increasing consumption of nano-filler for polymers. Moreover,
rapid industrialization in Chinese and Indian markets are estimated to
influence the Polymer Fillers Market Share.
The North American region is
predicted to occupy the second-largest position in the global market owing to
the increased investment in the polymer processing sector. Moreover, the
accelerating demand for carbon composites from the automotive sector is
estimated to create new opportunities for the market players in this region.
NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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