Polymer Filler Market to Surpass $ 58 Billion by 2024

Growing automotive and construction sectors coupled with increasing demand for eco-friendly fillers to boost global polymer filler market through 2024

According to TechSci Research report, “Global Polymer Filler Market By Type, By End User, By Region, Competition, Forecast & Opportunities, 2024”, global polymer filler market is projected to reach $ 58 billion by 2024, on the back of growing demand for eco-friendly fillers and increasing demand from automotive and construction sectors. Polymer fillers are materials that are added to other base materials like rubbers, paper, plastics and concrete to enhance their reinforcement properties. Some of the major players operating in global polymer filler market are Imerys S.A., Lkab Group, Minerals Technologies Inc., Omya AG, 20micron Ltd. and Hoffmann Mineral GmbH.

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On the basis of end user, the market has been categorized into construction, automotive, manufacturing, packaging and others. The automotive and construction sectors cumulatively accounted for nearly half of the market in 2018. Growing demand for high strength plastic composites in all the end-use industries is anticipated to drive the growth of the market.

In 2018, Asia-Pacific captured the largest share in global polymer filer market and is expected to maintain its leading position during the forecast period, on account of growing building & construction industry and favorable governmental regulations in China, India, Indonesia and Thailand. Moreover, rising demand for lightweight polymer composites in the US is anticipated to drive North America polymer filler market in coming years.

“Rapid growth in the manufacturing sector in developing countries such as China and India, in addition to recovery of the European industrial sector is resulting in huge demand for composite plastics. This is anticipated to drive demand for polymer fillers, particularly in the industrial products segment, thereby offering lucrative growth opportunities to players operating in global polymer filler market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Polymer Filler Market By Type, By End User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global polymer filler market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in global polymer filler market.

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