Global market for polymer fillers estimated to be worth US$53.1 bln by 2020

13-Apr-16
as per MarketsandMarkets. The use of low-density fillers in the automotive industry acts as a driver for the polymer fillers market. High-quality optical properties as well as improved impact strength and ability to replace expensive plastic resins are likely to drive the global polymer fillers market. Salts, silicates, and oxides, the largest types of polymer fillers 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 fillers 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.
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