US$49.1 bln growth opportunities for filler in the global polymer market uptil 2021

13-Jun-17

The global polymer filler market is expected to reach an estimated US$49.1 bln by 2021 and is forecast to grow at a CAGR of 6.3% from 2016 to 2021, as per Research and Markets. The future of the polymer filler market looks promising with opportunities in the automotive, building & construction, industrial, and packaging industry. 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.
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.

Within the polymer filler market, automotive is expected to remain the largest end use industry due to the increasing demand for filler in tire and plastic parts in the automotive industry. The author predicts that the demand for filler in the packaging industry is likely to experience the highest growth in the forecast period supported by growing demand for plastic in food and pharmaceutical packaging. 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.