According to a new market report published by Lucintel,
the future of the polymer filler market looks promising with opportunities in
the automotive, building & construction, industrial, and packaging
industry. Global polymer filler market is expected to reach an estimated $49.1
billion by 2021 and is forecast 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.
Salts, oxides, silicates, hydroxides, metals,
and carbon are used as filler in the global polymer market. Lucintel forecasts
that salt is expected to remain the largest segment due to growth in demand for
calcium carbonate in the plastic industry.
Lucintel predicts that demand for carbon is likely to experience the
highest growth in the forecast period supported by growing demand for carbon
black in tire and molded rubber parts.
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. Lucintel 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.
Fillers are used in the various polymer types,
which includes thermoplastic, thermoset, and elastomers. Lucintel forecast that
thermoplastic is expected to remain the largest segment in the forecast period.
The thermoplastic segment is likely to experience the highest growth rate due
to the growth in demand for polyvinyl chloride (PVC), polypropylene (PP), and polyethylene
(PE) in the building and construction.
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.
For business expansion, the report suggests
innovation and new product development to increase brightness, reduce part
weight, and reduce the cost.
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.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the global polymer filler
market by product type, polymer type, end use industry, and region. Lucintel has
prepared a comprehensive research report entitled “Global
Polymer Filler Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The
Lucintel report serves as a springboard for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global polymer filler market by product type,
polymer type, end use industry, and region as follows:
By product type [Volume (Kilotons) and $M
shipment analysis for 2010 – 2021]:
- Salts
- Oxides
- Silicates
- Hydroxides
- Metals
- Carbon
By polymer type [Volume (Kilotons) and $M
shipment analysis for 2010 – 2021]:
- Thermoplastic
- Thermoset
- Elastomers
By end use
industry [Volume (Kilotons) and $M shipment analysis for 2010 – 2021]:
- Automotive
- Building & Construction
- Industrial
- Packaging
- Others
By region [Volume (Kilotons) and $M shipment
analysis for 2010 – 2021]:
- North America
- Europe
- Asia Pacific
- Rest of the World
This
174-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising potential,
high-growth opportunities for the global polymer filler market by product
(salts, carbon, oxides, silicates, hydroxides, and metals), polymer type (thermoplastic,
thermoset, elastomers), end use industry (automotive, building &
construction, industrial, packaging and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10
What are some of the competitive products and processes in this area and
how big of a threat do they pose for loss of market share via material or product
substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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