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Polymer Fillers Market is predicted to reach USD 63.04 billion at a CAGR of 3.10% during the forecast period

Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Polymer Filler Market.


Market Research Future (MRFR) has published a cooked research report on the “Polymer Fillers Market” that contains information from 2018 to 2032. The Polymer Fillers Market is estimated to register a CAGR of 3.10% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Polymer Fillers Market — Imerys S.A., Lkab Group, Minerals Technologies Inc., Omya AG, 20micron Ltd., Hoffmann Mineral GmbH, GCR Group, Unimin Corporation, Quarzwerke Group, and Karntner Montanindustrie Gesellschaft M.B.H.


Polymer Filler Market Highlights


The global Polymer Fillers Market is accounted to register a CAGR of 3.10% during the forecast period and is estimated to reach USD 63.04 billion by 2032.


Polymer fillers are materials added to polymers (plastics) to modify their properties and enhance their performance for specific applications. Fillers are generally added to polymers to improve characteristics such as strength, stiffness, dimensional stability, heat resistance, electrical conductivity, and more. They are often added to reduce material costs while maintaining or enhancing the overall properties of the polymer.


Segment Analysis


The global Polymer Fillers Market has been segmented based on Type, and Application.


The polymer fillers market segmentation, based on type, includes organic filler {natural fibers, carbon, and others}, and inorganic filler {oxides, silicates, salts, hydro-oxides, metals, and others}. The organic filler segment dominated the market, accounting for a major market share over the forecast period. This is due to the environment-friendly nature of organic fillers. Organic polymer fillers such as shell and wood flour have low specific gravities and probably lead to cost savings when used to extend resins.


The polymer fillers market segmentation, based on application, includes automotive, building & construction, electrical & electronics, packaging, industrial, and others. The building & construction category generated the most income owing to the continuous development of better and cost-efficient polymer filler. The building and construction industry is the major consumer of polymer fillers. With the growing number of building codes supporting energy-efficient buildings, home builders and customers are increasingly turning towards construction approaches that offer long-term efficiency and energy savings.


Regional Analysis


The global Polymer Fillers Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific polymer fillers market area will dominate this market, due to the rising demand from the industrial and infrastructural sectors. Rapid industrialization in India and China is also anticipated to drive the polymer fillers market. The Indian government has implemented investment promotion programs to assist polymer fillers and composite production companies. Moreover, China polymer fillers market held the largest market share, and the Indian polymer fillers market was the fastest-growing market in the Asia-Pacific region. Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Europe polymer fillers market accounts for the second-largest market share due to the increasing investment in the polymer fillers processing sector is anticipated to propel regional growth. Increasing demand for carbon composites from the automotive industry will provide new opportunities to the market players. Further, the German polymer fillers market held the largest market share, and the UK polymer fillers market was the fastest-growing market in the European region.


The North America polymer fillers market is expected to grow at the fastest CAGR from 2023 to 2032. This is owing to the increasing demand for high-strength and lightweight materials, such as polymer fillers, for automotive applications in the region. Moreover, China polymer fillers market held the largest market share, and the India polymer fillers market was the fastest-growing market in the North America region.


Key Findings of the Study



  • The global Polymer Fillers Market is expected to reach USD 63.04 billion by 2032, at a CAGR of 3.10% during the forecast period.

  • The North America polymer fillers market is expected to grow at the fastest CAGR from 2023 to 2032. This is owing to the increasing demand for high-strength and lightweight materials, such as polymer fillers, for automotive applications in the region.

  • The polymer fillers market segmentation, based on type, includes organic filler {natural fibers, carbon, and others}, and inorganic filler {oxides, silicates, salts, hydro-oxides, metals, and others}. The organic filler segment dominated the market, accounting for a major market share over the forecast period.


Imerys S.A., Lkab Group, Minerals Technologies Inc., Omya AG, 20micron Ltd., Hoffmann Mineral GmbH, GCR Group, Unimin Corporation, Quarzwerke Group, and Karntner Montanindustrie Gesellschaft M.B.H. Access Full Report Details - Polymer Fillers Market size


 


 

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