Plastic Fillers Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[233+ Pages Report] According to Facts and Factors,The global plastic fillers market size was worth USD 11,392.40 million in 2021 and is estimated to grow to USD 15,007.05 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.70% over the forecast period. The report analyzes the plastic fillers market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the plastic fillers market.

Market Overview

In place of more expensive additives, plastic fillers are added to polymers such as polyolefin, polyvinyl chloride, rubber, and elastomers. These goods improve the host polymer's mechanical properties while lowering the polymer compound's overall cost. The goods can also be divided into oxides, metals, hydro-oxides, carbon, salts, synthetic polymers, and natural polymers. Depending on the polymer and the required qualities of the polymer, the fill proportion of the plastic fillers might vary from 10% to 70%. Concerning large-scale food production and the growing demand for food packaging, the packaging sector has enormous prospects for the market for plastic fillers. Due to a hectic and fast-paced lifestyle, the consumption of ready-to-eat and packaged food has increased dramatically during the last few years. Due to this, plastic fillers are used extensively in the packaging sector, and expanding their uses in this sector is the primary factor fueling the market growth.

COVID-19 Impact:

Globally, the COVID-19 pandemic has had an impact on several businesses. Governments enacted stringent lockdown procedures and social segregation standards to slow the pandemic's rapid spread. All around the globe, factories were shut down in the early stages of the outbreak. The commercial roll-out of the Plastic Fillers Market may also be significantly delayed due to the economic crisis that followed the pandemic.

Key Insights

• As per the analysis shared by our research analyst, the global plastic fillers market value is expected to grow at a CAGR of 4.70% over the forecast period.
• In terms of revenue, the global plastic fillers market size was valued at around USD 11,392.40 million in 2021 and is projected to reach USD 15007.05 million by 2028.
• Plastic fillers are used extensively in the packaging sector, and expanding their uses in this sector is the primary factor fueling the market growth.
• By type, the calcium carbonate category dominated the market in 2021.
• By application, the building & construction category dominated the market in 2021.
• North America dominated the global plastic fillers market in 2021.

Growth Drivers

• Easy handling and lightweight properties drive the market growth

Due to its ease of handling and lightweight, plastic packaging is preferred by consumers over all other types, fueling the market for plastic fillers. The number of working women has increased, which has boosted consumer demand for packaged foods and increased the demand for food packaging. The stiffness, flexural strength, and hardness of plastics are improved by plastic fillers, making them acceptable as a packaging material. All of these factors are projected to fuel the global plastic fillers market.

Restraints

• Strict environmental regulations may hinder the market growth

Considerations like worries about plastic disposal may hinder market growth; strict environmental rules are hampering the demand for plastic fillers. One of the main issues limiting the growth of the plastic fillers market is worries about plastic disposal. Disposal of plastics can be difficult as they are often made from oil and are not biodegradable. Plastics persist for centuries and do not degrade as biological waste does. Different plastics must be collected, transported, sorted, degreased, and cleansed as manufacturers and end users discard them. The environment is severely impacted by improper recycling.

Opportunities

• The rising construction industry presents market opportunities

Since the construction industry is one of the primary industries for which the product is used, as well as rising investments in infrastructure-related projects, the market for plastic fillers will grow faster. However, the market's expansion was significantly hampered by the industrial and construction industries' flat growth throughout the COVID-19 pandemic. However, the post-COVID period is predicted to increase demand for structures, particularly residential ones, which will make up for the market's decline. This is probably going to help the sector grow during the anticipated period.

Segmentation Analysis

The global plastic fillers market has been segmented into type, form, application, and region.

Based on the type, the plastic fillers market is segregated into calcium carbonate, talc, kaolin, glass fibers, carbon black, and others. Among these, the calcium carbonate segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. It is a great inorganic filler with particle sizes ranging from 0.5 m to 100 m derived from natural sources. Calcium carbonate is reasonably inexpensive, allows for faster processing, and increases stiffness, which should increase the market adoption of plastic fillers. Calcium carbonate has good chemical characteristics that do not change when mixed with various polymers and additives. The product is insoluble in water and stable under normal conditions. It only reacts with very strong acids such as hydrochloric acid, making it perfect for food and beverage packaging, waste bags, and shopping bags.

Based on the form, the plastic fillers market is segregated into continuous, discontinuous, and nanofillers. Among these, the discontinuous segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Discontinuous fillers are predominantly inorganic fillers that come in the form of flakes, spheres, irregular forms, and platelets scattered in various geometric patterns and orientations. These products are inexpensive and provide good mechanical and modulus properties to the basic materials. Due to their small weight, low cost, and outstanding material qualities, discontinuous fillers are widely used in the automotive plastics industry. They enable large-scale production via compression and injection molding methods. Discontinuous fillers have higher impact strength, chemical, creep, and heat resistance, and better rigidity, making them perfect for pharmaceutical packaging and containers, domestic appliances, engineering plastics, and medical devices.

Based on the application, the plastic fillers market is segregated into automotive, building & construction, electrical & electronics, packaging, and others. Among these, the building & construction segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period due to the increased use of plastic fillers in composites and concrete to promote polymer matrix binding. Rising infrastructure investments are expected to drive market expansion during the forecast period. Meanwhile, the electrical and electronic industries and the automotive sector are expected to dominate the market. This can be attributable to the growing demand for plastic fillers in manufacturing electric vehicles, robotic equipment, and other products.

Report Scope

Regional Landscape

• North America dominated the plastic fillers market in 2021

In 2021, North America dominated the global plastic fillers market. The region is seeing an increase in government incentives and subsidies to encourage the use of electric vehicles, as well as increased technological innovation and affordability. Plastic fillers such as talc and mica are required to produce plastic components for electric vehicles to minimize vehicle weight and give an optimal cruising range, which is expected to increase the market value of plastic fillers. Lithium-ion batteries have dropped significantly, which should cut the cost of electric vehicles in North America while increasing the demand for plastic fillers.

Competitive Landscape

• BASF SE 
• Mineral Technologies Inc. 
• LKAB minerals 
• Hoffman minerals 
• Granic 
• The Dow Chemical Company 
• SAB 
• UBE Industries Inc. 
• INEOS Group AG 
• Imerys 
• Omya AG 
• Nyco Minerals (S&B) 
• Kärntner Montanindustrie Gesellschaft m.b.H. 
• Quarzwerke Group 
• Nanobiomatters 
• Unimin 
• Evonik Industries 
• 20 Microns Ltd.

Global Plastic Fillers Market is segmented as follows:

By Type

• Calcium carbonate
• Talc
• Kaolin
• Glass fibers
• Carbon black
• Others

By Form

• Continuous
• Discontinuous
• Nanofillers

By Application

• Automotive
• Building & construction
• Electrical & electronics
• Packaging
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America