The global polymer
fillers market is expected to reach $ 54.8 billion by 2021, growing at a CAGR of 3.28 percent between 2016 and 2021, according to a report of Zion Market Research.
Fillers are defined as particulate materials that are added to a polymer
in order to improve the physical properties. Fillers are also used in the polymer
to lower the compound cost or to improve the mechanical properties. Fillers added properties such as mechanical strength, damping, toughness and increases thermal & dielectric capacities of the polymers. Fillers are classified as inert and reinforcing fillers. While inert fillers increase the hardness and stiffness of plastic/polymers, reinforcement fillers are used to improve the heat resistance of a polymer.
fillers have two types, one is organic fillers and another is inorganic fillers. Organic fillers include natural fibre and carbon filler. Inorganic fillers include oxide filler, silicate filler, hydro-oxide, salts filler, metal filler and other fillers. Raw material availability for inorganic fillers, which are derived from mines, is directly depending on the mining industry. Inorganic fillers were the largest type segment, accounting for more than 76.86 percent share of the global polymer
fillers market in 2015. However, organic fillers are expected to grow with CAGR 5.1 percent during next five years. Increasing demand for organic fillers on account of its eco-friendly nature is expected to grow the market growth.
fillers are used in automobile, electrical & electronics, building & construction, industrial, packaging and other applications. Automobile segment has been dominating the polymer
fillers market in the past five years and is expected to grow at a CAGR of 5.7 percent during 2016-2021. Electrical & electronics accounted for the second-largest share of the polymer
filler market in 2015. It accounted more than 18 percent of global polymer
fillers market. Packaging by using polymer
fillers is allowed content to remain fresh for a longer period during transportation. This will remain the key factor to drive packaging industry in next five years.
Asia Pacific is the dominant regional segment of the polymer
fillers industry and accounted more than 45 percent of the global market in 2015. This trend is expected to continue between the 2016 and 2021. Increasing demand in automotive, construction, as well as packaging industry, is expected to help augment the regional demand. Europe and North America are projected to exhibit the significant increase in demand for polymer
fillers in the year to come. Increasing demand for lightweight polymer
composites in the US is expected to grow the North American market.