Polymer Fillers Market size to grow by USD 10,554.04 million from 2022 to 2027, The increasing use of inorganic fillers in composites to boost the market growth

NEW YORK, June 6, 2023 /PRNewswire/ -- The global polymer fillers market size is estimated to increase by USD 10,554.04 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 3.64% during the forecast period. The increasing use of inorganic fillers in composites is a major factor driving the growth of the market during the forecast period. Apart from decreasing the cost of polymers, fillers also enhance performance in ways that cannot be achieved by the resin and reinforcement components. They enhance mechanical properties as well as fire and smoke performance by reducing the organic content in composite laminates. Furthermore, filled resins exhibit less shrinkage than unfilled resins, which improves the dimensional accuracy of molded parts. Moreover, the thermosetting resin sector of the composite industry has been benefiting from filler properties for years. Hence, such factors drive market growth during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report

Polymer fillers market – Vendor AnalysisVendor Landscape - The global polymer fillers market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer polymer fillers in the market are 20 Microns Ltd., Aditya Birla Management Corp. Pvt. Ltd., Cabot Corp., Covia Holdings LLC, Formosa Plastics Corp., GESTORA CATALANA DE RESIDUOS SLU, Hoffmann Mineral GmbH, Imerys S.A., J M Huber Corp., Jay Minerals, Karntner Montanindustrie GmbH, Luossavaara Kiirunavaara AB, Merit Polymers, Minerals Technologies Inc., Mississippi Lime Co., Omya International AG, Quartz Works GmbH, RAG Stiftung, Solvay SA, and Toray Industries Inc. and others.

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Global competitiveness and key competitor positions

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Vendor Offerings -

Cabot Corp. - The company offers polymer fillers such as SPHERON 4000, and STERLING 1120.

Covia Holdings LLC - The company offers polymer fillers such as HIFILL N, MINBLOC HC, IMSIL, and SNOBRITE.

Formosa Plastics Corp. - The company offers polymer fillers such as chlor Alkali, Polyethylene, Polypropylene, Suspension PVC, and Specialty PVC.

For details on the vendor and their offerings – Request a sample report

Polymer Fillers Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on end-user (building and construction, automotive, electrical and electronics, industrial, and others), type (inorganic fillers and organic fillers), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

The market share growth by the building and construction segment will be significant for overall market growth during the forecast period. Factors such as the increasing use of inorganic fillers in composites, the construction industry, and the building segments drive the growth of the market during the forecast period. Furthermore, carbon nanofillers, such as carbon nanotubes and graphite, and inorganic fillers, such as calcium carbonate, magnesium hydroxide, talc, and mica, are used in polymer or cement composites to enhance their chemical properties. Hence, such factors will increase segment growth during the forecast period.

Geography OverviewBy geography, the global polymer fillers market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global polymer fillers market.

APAC is estimated to account for 48% of the growth of the global market during the forecast period. The regional growth can be attributed to factors such as the growing packaging industry and increasing agricultural activities across the region. Other driving factors include the rising number of e-commerce companies. Hence, such factors will drive the demand for polymer fillers from the packaging industry during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Polymer Fillers Market – Market Dynamics

Key Trends -

New product developments are some of the primary trends fueling the global polymer fillers market growth.

Several companies have developed new and innovative products for use in many end-user industries, such as paint and coatings.

For instance, Fulfill E-325 is a new product introduced by Minerals Technologies for use in paper mills in Europe. This technology innovates to be delivered to a papermaking plant in Europe, which is the fifth agreement signed by the company.

Furthermore, the technology will provide significant cost savings in reducing fiber consumption by increasing precipitated calcium carbonate (PCC) filler usage by nearly 20%.

Moreover, products such as ImerSilk, developed by Imerys, have advantages such as high opacity and good color properties; the product also reduces formulation costs.

Hence, such trends influence the growth of the market during the forecast period.

Major challenges -

Volatility in raw material prices is a major challenge for the growth of the global polymer fillers market.

Fluctuations in the prices of crude oil, which is used to produce some of the chemicals used in the manufacture of fillers, impact the cost of raw materials in the polymer fillers market.

In order to mitigate the impact of raw material price volatility, companies in the polymer fillers market often employ various strategies. The strategies include hedging, diversifying their sources of raw materials, and optimizing their supply chain management to ensure timely delivery of materials at the best possible prices.

Furthermore, the prices of raw materials used in polymer fillers, such as minerals, chemicals, and natural fibers, are subject to various factors, including supply and demand, geopolitical issues, and environmental regulations.

Hence, the volatility in raw material prices is a challenge that the polymer fillers market must navigate to ensure profitability and sustainability during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Polymer Fillers Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the polymer fillers market between 2023 and 2027

Precise estimation of the size of the polymer fillers market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the polymer fillers market across APAC, North America, Europe, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of polymer fillers market vendors

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Polymer Fillers Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.64%

Market growth 2023-2027

USD 10,554.04 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.12

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 48%

Key countries

US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

20 Microns Ltd., Aditya Birla Management Corp. Pvt. Ltd., Cabot Corp., Covia Holdings LLC, Formosa Plastics Corp., GESTORA CATALANA DE RESIDUOS SLU, Hoffmann Mineral GmbH, Imerys S.A., J M Huber Corp., Jay Minerals, Karntner Montanindustrie GmbH, Luossavaara Kiirunavaara AB, Merit Polymers, Minerals Technologies Inc., Mississippi Lime Co., Omya International AG, Quartz Works GmbH, RAG Stiftung, Solvay SA, and Toray Industries Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global polymer fillers market 2017 - 2021

4.2 End User Segment Analysis 2017 - 2021

4.3 Type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments

6.2 Comparison by End-user

6.3 Building and construction - Market size and forecast 2022-2027

6.4 Automotive - Market size and forecast 2022-2027

6.5 Electrical and electronics - Market size and forecast 2022-2027

6.6 Industrial - Market size and forecast 2022-2027

6.7 Others - Market size and forecast 2022-2027

6.8 Market opportunity by End-user

7 Market Segmentation by Type

7.1 Market segments

7.2 Comparison by Type

7.3 Inorganic fillers - Market size and forecast 2022-2027

7.4 Organic fillers - Market size and forecast 2022-2027

7.5 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 Japan - Market size and forecast 2022-2027

9.10 US - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 UK - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Cabot Corp.

12.4 Covia Holdings LLC

12.5 Formosa Plastics Corp.

12.6 GESTORA CATALANA DE RESIDUOS SLU

12.7 Hoffmann Mineral GmbH

12.8 Imerys S.A.

12.9 J M Huber Corp.

12.10 Jay Minerals

12.11 Karntner Montanindustrie GmbH

12.12 Luossavaara Kiirunavaara AB

12.13 Mississippi Lime Co.

12.14 Quartz Works GmbH

12.15 RAG Stiftung

12.16 Solvay SA

12.17 Toray Industries Inc.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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