Polymer Fillers Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 3.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Polymer Fillers Market Analysis
The market for polymer filler is expected to grow at a CAGR of over 3% during the forecast period. Major factors driving the market studied are increasing demand for polymer filler in building & construction industry and rising demand from electrical & electronics industry. On the flipside, high cost involved in processing polymer fillers and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.
- Growing trend of electric vehicles in automotive industry is expected to offer various lucrative opportunities for the growth of market.
- By end-user industry, building & construction industry is expected to dominate the market owing to the ability of polymer fillers to replace expensive plastic resins.
- Asia-Pacific region dominated the polymer filler market across the globe with the largest consumption from countries such as China and India.
Polymer Fillers Market Trends
This section covers the major market trends shaping the Polymer Filler Market according to our research experts:
Increasing Demand from Building & Construction Industry
- Polymer filler is a material which is added to polymer in order to reduce the cost and improve the physical and chemical properties of the compound by replacing expensive resins.
- The growing demand for environment-friendly construction materials is increasing the demand of polymer fillers in building & construction industry and thus, propelling its market during the forecast period.
- Additionally, the popularity of calcium carbonate fillers is increasing in the construction applications owing to which polymer filler market is expected to grow at a brisk pace.
- Furthermore, the building & construction industry is growing at a rapid pace owing to increasing population and rapid industrialization and urbanization. This is likely to increase the demand of polymer fillers and thus, stimulate the polymer filler market.
- The building & construction industry is expected to grow at a CAGR of over 4% during the forecast period and is expected to reach USD 10.5 trillion by 2023. This is likely to provide ample opportunities for the polymer filler market to grow during the forecast period.
- Owing to all the above-mentioned factors for polymer filler, its market is expected to grow rapidly over the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for polymer filler during the forecast period. In countries like China & India, owing to increasing demand from various end-user industries such as automotive, packaging, and construction & building, the demand for polymer filler has been increasing in the region.
- The growing demand of high strength and low weight materials in electric vehicles to increase the efficiency of electric vehicles is expected to boost the demand of polymer filler in the region.
- Also, the rapid growth in the manufacturing sector in countries like China & India is increasing the demand for composite plastics and consequently propelling the polymer filler demand.
- Additionally, the demand for polymer filler is growing in the packaging applications as the packaging materials made using polymer fillers are easy to seal and also help in keeping the food fresh for longer duration.
- The Asia-Pacific electric vehicles market is projected to register a CAGR of over 20% during the forecast period and is expected to reach USD 350 billion by 2027. This is likely to provide lucrative opportunities for the polymer filler market to grow during the forecast period.
- Some of the major companies operating in Asia-Pacific region are - Imerys and 20 Microns Limited.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for polymer filler during the forecast period.
Polymer Fillers Industry Overview
The polymer filler market is fragmented with top players accounting for a marginal share of the market. Some of the major companies in the market include Quarzwerke GmbH, 20 Microns Limited, GCR Group, Minerals Technologies Inc., and Imerys.
Polymer Fillers Market Leaders
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Quarzwerke GmbH
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20 Microns Limited
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GCR Group
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Minerals Technologies Inc.
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Imerys
*Disclaimer: Major Players sorted in no particular order
Polymer Fillers Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand for Polymer Filler in Building & Construction Industry
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4.1.2 Rising Demand from Electrical & Electronics Industry
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4.2 Restraints
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4.2.1 High Cost Involved in Processing Polymer Fillers
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4.2.2 Unfavourable Conditions Arising Due to COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Organic
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5.1.1.1 Natural
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5.1.1.2 Carbon
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5.1.2 Inorganic
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5.1.2.1 Oxides
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5.1.2.2 Hydro-oxides
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5.1.2.3 Salts
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5.1.2.4 Silicates
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5.1.2.5 Metals
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5.2 End-user Industry
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5.2.1 Automotive
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5.2.2 Building & Construction
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5.2.3 Electricals & Electronics
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5.2.4 Packaging
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5.2.5 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Omya AG
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6.4.2 HOFFMANN MINERAL
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6.4.3 Covia Holdings Corporation
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6.4.4 LKAB Minerals
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6.4.5 Kärntner Montanindustrie.
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6.4.6 Amco Polymers.
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6.4.7 Orkila
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6.4.8 Huber Engineered Materials (HEM)
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6.4.9 Quarzwerke GmbH
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6.4.10 20 Microns Limited
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6.4.11 GCR Group
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6.4.12 Minerals Technologies Inc.
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6.4.13 Imerys
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Trend of Electric Vehicles in Automotive Industry
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7.2 Other Opportunities
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Polymer Fillers Industry Segmentation
The Polymer Filler market report includes:
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Building & Construction | |
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Packaging | |
Others |
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Polymer Fillers Market Research FAQs
What is the current Polymer Filler Market size?
The Polymer Filler Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Polymer Filler Market?
Quarzwerke GmbH , 20 Microns Limited, GCR Group, Minerals Technologies Inc. and Imerys are the major companies operating in the Polymer Filler Market.
Which is the fastest growing region in Polymer Filler Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polymer Filler Market?
In 2024, the Asia Pacific accounts for the largest market share in Polymer Filler Market.
What years does this Polymer Filler Market cover?
The report covers the Polymer Filler Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polymer Filler Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polymer Fillers Industry Report
Statistics for the 2023 Polymer Fillers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polymer Fillers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.