07-Sep-2022 | Facts and Factors
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 15007.05 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.70%t 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.
Plastic fillers are added to polymers, including polyolefin, polyvinyl chloride, rubber, and elastomers, in place of more expensive additives. These products reduce the overall cost of the polymer compound while enhancing the host polymer's mechanical qualities. Other groups into which the products can be separated include oxides, metals, hydro-oxides, carbon, salts, synthetic polymers, and natural polymers. The fill percentage of the plastic fillers may vary from 10% to 70%, depending on the polymer and the needed polymer characteristics.
Browse the full “Plastic Fillers Market Size, Share, Growth Analysis Report By Type (Calcium carbonate, Talc, Kaolin, Glass Fibers, Carbon Black, and Others), By Form (Continuous, Discontinuous, and Nanofillers), By Application (Automotive, Building &Construction, Electrical & Electronics, Packaging, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/plastic-fillers-market
Plastics, composites, and metals are lightweight materials used in the automotive industry. These materials are utilized in the powertrain, external, electrical, structural, interior, and electronic components of automobiles. Additionally, automotive suspension bushings are made of plastic fillers, which have plastic qualities. The extensive usage of plastics in flooring, paneling, fittings, roadways, and roofing will also influence the global plastic fillers market demand throughout the projection period. Additionally, it is anticipated that the expansion of the plastic fillers market will be positively impacted throughout the projected period by the use of plastic items in the packaging and development segments. In addition, an increase in construction activity will drive the market's growth over the projection period. Although factors like concerns about plastic disposal could limit industry expansion, the demand for plastic fillers is undoubtedly being driven by rigorous environmental regulations. Governments' increasing attention will also threaten the rise of the plastic fillers market on effective plastic waste management strategies throughout the projected period. But high demand for strong, lightweight plastic materials will open up profitable business opportunities in coming period. Additionally, emerging economies are expected to present a significant development opportunity for the market throughout the projection period.
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. 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. 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.
The global plastic fillers market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America dominated the market for plastic fillers in 2021. Along with growing technological innovation and affordability, the region is witnessing a growth in the number of government incentives and subsidies to promote the use of electric vehicles. To reduce vehicle weight and provide an ideal cruising range, plastic fillers like talc and mica are necessary for producing plastic components for electric vehicles, which is predicted to boost the market value of plastic fillers. The cost of electric vehicles in North America should be reduced due to the sharp decline in lithium-ion battery prices, while the need for plastic fillers has increased.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 11,392.40 Million |
Projected Market Size in 2028 |
USD 15,007.05 Million |
CAGR Growth Rate |
4.70% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
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., and Others |
Key Segment |
By Type, Form, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the global plastic fillers market include 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 and 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 Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- 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
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