16-Mar-2018 | Zion Market Research
The new report by Zion Market Research on the “Plastic Filler Market — Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025" has a vast information about the market and its potential. The global plastic filler market was valued at around USD 7,030 million in the year 2016 and it is expected to reach approximately USD 10,061 million by 2025. The global plastic filler market is expected to exhibit a CAGR of more than 4% between 2017 and 2025.
The increasing demand for lightweight materials in the automotive industry is one of the major factors driving the growth of the global plastic filler market. Plastic fillers are mainly used in order to reduce the volume of the plastic that is used in the manufacturing of the plastic products. The plastic fillers have properties similar to plastic and it is used to match the volume. When used in suitable proportions, plastic fillers increase the hardness and stiffness of the final product. Owing to these benefits, the plastic fillers are finding a wide range of applications in different end-user industries. The increased use of the plastic products in the packaging and construction sectors have positively impacted the growth of the plastic fillers market.
Browse the full "Global Plastic Filler Market by Type (Inorganic and Organic); by Physical Form (Continuous, Discontinuous, and Nano-Fillers); for Application (Electricals and Electronics, Automotive, Building & Construction, and Packaging): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025" report at https://www.zionmarketresearch.com/report/plastic-filler-market
Our research analyst observed that there will be an increasing demand for plastic fillers from the Asia Pacific region owing to the flourishing plastic industry in China. China is the world’s largest plastic producer. China exports three times more plastics than it imports. This growth in the export is owing to the low production costs in the region.
The global plastic filler system market is segmented on the basis of the type, application, physical form, and the geographical regions.
Global Plastic Filler Market: Type Segment Analysis
Global Plastic Filler Market: Physical Form Segment Analysis
Global Plastic Filler Market: Application Segment Analysis
Global Plastic Filler Market: Regional Segment Analysis
Plastic fillers are basically classified depending upon the chemical composition of the fillers. Accordingly, the fillers are used in the manufacturing of the plastic products depending upon the desired characteristics of the final product such as hardness, stiffness, and texture. The inorganic plastic fillers have a huge demand in the global plastic filler market owing to its unique characteristics. Some of the examples of the inorganic plastic fillers include hydrous magnesium silicates, calcium carbonate, mica, and calcium metasilicate, among others. The inorganic plastic fillers segment is expected to grow with a CAGR of 3.92% over the forecast period.
By physical form, the discontinuous segment is expected to dominate the global plastic filler market. The major factor driving the growth of this segment is the cost-effectiveness. These fillers impart certain mechanical and modulus properties to the products in which they are used. Owing to the rising popularity and increasing demand for discontinuous fillers, the segment is likely to grow at a higher CAGR of 4.12% over the forecast period.
By application, packaging makes the maximum use of the plastic fillers and thus it is likely to register the highest CAGR of 4.20% over the forecast period. The contribution of the packaging segment is around 42.54% of the total plastic filler market globally.
The region that is having an influential share in the global plastic filler market in the Asia Pacific. China is the biggest market for plastic filler owing to the presence of the majority of the plastic manufacturing companies. The Asia Pacific is followed by Europe and together they contributed around 63% of the global market share in 2016. Europe is anticipated to register a CAGR of 4.01% in the forecasted period. North America contributed a market share of 22.44% in 2016 and is anticipated to register a CAGR of 4.04% over the forecast period.
The major market players in the plastic filler system market are market LKAB Minerals, Minerals Technologies Inc., Nanobiomatters Industries S.L., Hoffmann Mineral., Imerys, 20 Microns Limited, Kärntner Montanindustrie GmbH, and Evonik Industries, among others.
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