Global polymer filler market is expected to cross US$49 bln by 2021

09-Jan-17

The future of the polymer filler market looks promising with opportunities in the automotive, building & construction, industrial, and packaging industry. Lucintel forecasts the global polymer filler market to reach an estimated US$49.1 bln by 2021 and to grow at a CAGR of 6.3% from 2016 to 2021. The major growth drivers for this market are increasing demand for plastic and rubber in the automotive and construction industry, along with filler’s ease of availability and cost efficiency.

Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period because of increased automotive production and growth in construction and industrial sectors. Emerging trends, which have a direct impact on the dynamics of the industry, include growing consumption of nano-filler for polymers and a growing demand for lightweight plastic products for automotive applications. Huber Engineered Materials, Omaya AG, Imerys, Minerals Technology, and Birla Carbon are among the major suppliers of polymer filler.