Polymer Filler Market: Growing Demand From Automotive and Industrial Applications

The global polymer filler market size is estimated to reach USD 53.10 Billion by 2020 at a CAGR of 3.3% between 2015 and 2020. The report segments the market by type into (organic: natural fibers, & inorganic: oxides, hydroxides, salts, silicates, and metals), by end users (automotive, building & construction, industrial, and packaging), and by region (Asia-Pacific, North America, Europe, and RoW). The base year considered for the study is 2014, and the forecast period is between 2015 and 2020.

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Salts, silicates, and oxides, the largest types of polymer filler

The growing popularity of polymer fillers in various types play a significant role in driving the market. Salts, silicates, and oxides are its most important types. The rising demand for low-cost fillers in countries, such as the U.S., Germany, India, and Brazil is expected to increase their demand in the coming years. Stringent environmental regulations and government guidelines have increased the importance of polymer fillers globally in the recent years. The U.S. is focused on increasing investments in the chemical processing sector, which will boost the demand for polymer fillers in the packaging, industrial, and automotive segments.

Rising demand in Asia-Pacific is the major driver for of the polymer filler market

Asia-Pacific was the largest and North America was the second-largest market for polymer fillers in 2014. The Asia-Pacific region also registered the highest growth rate between 2015 and 2020. The high demand in Asia-Pacific is due to growth in the building & construction and packaging industries in the last few years. The Chinese market for polymer fillers is growing at a fast pace, primarily due to the growing manufacturing sector driving the consumption of plastics-related products, domestically.

The key companies profiled in the polymer fillers market research report are Imerys S.A. (France), LKAB Group (Sweden), Minerals Technologies Inc. (U.S.), Omya AG (Switzerland), 20Micron Limited (India), Hoffman Minerals (Germany), GCR Group (Spain), Unimin Corporation (U.S), Quarzwerke Group (Germany), and Karntner Montanindustrie Gesellschaft M.B.H. (Austria).

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The scope of the report covers detailed information regarding the major factors influencing the growth of the polymer fillers market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies such as investments & expansions and mergers & acquisitions, and recent developments associated with the market. The polymer fillers market has been segmented by type (organic: natural fibers and inorganic: oxides, hydroxides, salts, silicates, metals, and others), by end user (automotive, building & construction, industrial, packaging, and others) and by region (North America, Europe, Asia-Pacific, and RoW).

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