Global polymer fillers market is expected to reach $ 54.8 bn by 2021

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.

Polymer 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.