Major companies in the global polymer fillers market comprise Hoffmann Minerals, Lkab Group, Imerys S.A., Quarzwerke Group, Unimin Corporation, 20 Micron Limited, OMYA AG., and GCR Group. These manufacturers are claimed to grab a huge chuck of the global polymer fillers market in the years to come.
As per the report by Zion Market Research, the global polymer fillers market added up for USD 45.15 Billion in 2015 and is likely to cross USD 54.80 Billion by end of 2021, increasing at a CAGR of almost 3.28% from 2016 to 2021.
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High Infiltration In The Construction Applications To Boost The Global Polymer Fillers Market
Polymer fillers are divided based on applications such as electrical & electronics, automobile, industrial, building & construction, and others including packaging. Building and construction division added up for 18% share of the global polymer fillers market in 2015. This was owing to the high infiltration in the construction applications by calcium carbonate salt fillers. The global polymer fillers market is anticipated to see noteworthy development in the years to come due to rising requirement from the automobile sector, as per analysts at Zion Market Research. This was due to stringent rules pertaining to emission by vehicles. In addition to this, various R&D activities by market players is also claimed to be one of the reasons accountable for the development of global polymer fillers market. For instance, in Nov 2009, UK-based RockTron claimed that its mining technology was converting waste fly ash from coal-based power stations into resource efficient and cheaper polymer fillers, thereby boosting the global polymer fillers market.
Asia Pacific To Continue Its Dominance In Global Polymer Fillers Market
In terms of topography, Asia Pacific was the biggest global polymer fillers market in the world owing to the rising demand from electrical & electronics & automotive sectors. In terms of income, Asia Pacific added up for 45% of the entire global polymer fillers market in 2015. Speedy industrialization in Chinese as well as Indian market is also likely to boost the polymer filler market. Indian Government has imposed investment promotion initiatives to offer help to firms working in the composite & polymer production. This will have a positive impact on the development of the polymer filler market in the years to come.
In addition to this, global polymer fillers market has the huge chance in the up-and-coming nations of North America owing to elevated investment in polymer processing inductee. The global polymer fillers market is likely to develop at regional level in the years to come. Global polymer fillers market is impacted by sluggish industrial development in Europe. It is likely to develop with reasonable rate in the years to come. In addition to this, stringent environmental laws have forced automotive makers to employee high-strength and light-weight materials, which are likely to propel the growth of the global polymer fillers market.
The global polymer fillers market is segmented as follows:
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