LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global polymer fillers market is projected to grow to USD 58.52 billion by 2021, at a CAGR of close to 5% over the forecast period.
This research report titled ‘Global Polymer Fillers Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|Polymer fillers are materials that are added to other base materials such as rubbers, paper, plastics, and concrete to enhance their reinforcement properties. The rising consumption of polymer nanocomposites such as nanoparticles and nanofillers for polymers is one of the key factors driving the growth of the global polymer fillers market.|
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Based on end-user, the report categorizes the global polymer fillers market into the following segments:
- Automotive applications
- Electricals and electronics applications
- Building and construction applications
- Industrial applications
- Packaging applications
- Other applications
The top three revenue-generating end-user segments in the global polymer fillers market are discussed below:
“The automotive sector is the leading end-user for the polymer fillers market, responsible for generating 25% of the overall revenue. The swift growth of the automotive industry in APAC and Europe is currently creating a large demand for polymer fillers,” says Chandrakumar Badala Jaganathan, one of the lead analysts at Technavio for plastics, polymers, and elastomers research.
In automotive manufacturing, polymer fillers are widely used as most of the components are made of polymer fibers. Additionally, the imposition of stringent regulations regarding emissions is driving the demand for polymers, thereby fostering the market growth.
Electricals and electronics applications
The end-users of polymer fillers from the electricals and electronics application segment are projected to be worth USD 12.16 billion by 2021. Polymer fillers such as conductive fillers and reinforcing fillers are used to impart new properties such as conductivity and mechanical characteristics to the polymers used in the market segment. The steady growth of the electricals and electronics segment will ensure a stable demand for polymer fillers over the forecast period. The competitive pricing strategies and development of new applications are expected to further boost the market growth.
Building and construction applications
“The end-users from the building and construction sector are expected to create a very high demand for polymer fillers through the forecast period. Polymer fillers are mainly used in cement mortars and other applications to enhance the strength of polymeric concrete and other materials,” says Chandrakumar.
Styrene acrylic polymer, acrylic polymer, self-crosslinking acrylic polymer, polyvinyl acetate, and polyvinyl alcohol polymer are some of the widely-used fillers in the building and construction segment. Also, the rising use of inorganic fillers in composites is a major factor driving the growth of the polymer fillers market in the building and construction segment.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Huber Engineered Materials
- Minerals Technologies
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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