According to
the report, the polymer fillers market accounted for USD 45.15 Billion in 2015
and is expected to reach USD 54.80 Billion by 2021, growing at a CAGR of around
3.28% between 2016 and 2021.
Fillers are
defined as particulate materials that are added to a polymer in order to
improve the physical properties. Fillers are also used in the polymer to lower
the compound cost or to improve the mechanical properties. Fillers added
properties such as mechanical strength, damping, toughness and increases
thermal & dielectric capacities of the polymers. Fillers are available in
solid, liquid and gas. Solid fillers have good demand in the market. Fillers
are classified as inert and reinforcing fillers. Inert fillers increased the
hardness and stiffness of plastic/polymers. Reinforcement fillers are used to
improve the heat resistance of a polymer.
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Polymer
fillers have two types, one is organic fillers and another is inorganic
fillers. Organic fillers include natural fiber and carbon filler. Inorganic
fillers include oxide filler, silicate filler, hydro-oxide, salts filler, metal
filler and other fillers. Inorganic fillers are derived from mines. Raw
material availability for inorganic filler is directly depending on the mining
industry. Inorganic fillers were the largest type segment, accounting for more
than 76.86% share of the global polymer fillers market in 2015. However,
organic fillers are expected to grow with CAGR 5.1% during next five years.
Increasing demand for organic fillers on account of its eco-friendly nature is
expected to grow the market growth.
On the basis
of applications, polymer fillers are used in automobile, electrical &
electronics, building & construction, industrial, packaging and other
applications. Automobile segment has been dominating the polymer fillers market
in the past five years. It is expected to grow at a CAGR of 5.7% during the
forecast period. Electrical &
electronics accounted for the second-largest share of the polymer filler market
in 2015. It accounted more than 18% of global polymer fillers market. Packaging
by using polymer fillers is allowed content to remain fresh for a longer period
during transportation. This will remain the key factor to drive packaging
industry in next five years.
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Asia Pacific
was the dominant regional segment of the polymer fillers market in 2015. It
accounted more than 45% of the global polymer fillers market in 2015. This
trend is expected to continue between the 2016 and 2021. Increasing demand in
automotive, construction, as well as packaging industry, is expected to help
augment the regional demand. Europe and North America are projected to exhibit
the significant increase in demand for polymer fillers in the year to come.
Increasing demand for lightweight polymer composites in the U.S. is expected to
grow the North American market.
Key players
in the market include Lkab Group, Hoffmann Minerals, Quarzwerke Group, Imerys
S.A., 20 Micron Limited, Unimin Corporation, GCR Group, Karntner
Montanindustrie Gesellschaft M.B.H., OMYA AG.
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