The new report by Expert Market Research titled, ‘Global Plastic Fillers Market Size, Share, Trends, Price, Report and Forecast 2024-2032’, gives an in-depth analysis of the global plastic fillers market, assessing the market based on its segments like types, physical forms, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2032)
- Forecast CAGR (2024-2032): 5%
The global market for plastic fillers has been propelled by the rising population and increasing investments in the building and construction industry. The market is further anticipated to be driven by various technological advancements and the increasing developments pertaining to the infrastructure. The Asia Pacific region accounts for a healthy share in the overall growth of the market and is anticipated to dominate the market in the forecast period as well. The changing dynamics and release of lockdown has propelled the packaging sector, hence contributing to the market growth.
Industry Definition and Major Segments
Plastic fillers are the particulate material which are added to polymers to enhance specific properties and most importantly, reduce the cost. The product usually ameliorates the mechanical properties of the host polymer. The plastic fillers can be divided according to type into oxides, hydro-oxides, salts, silicates, metals, carbon, natural polymers, and synthetic polymers.
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On the basis of type, the market is segmented into:
- Inorganics
- Organics
On the basis of physical form, the market is divided into:
- Continuous
- Discontinuous
- Nanofillers
On the basis of application, the market is classified into:
- Automotive
- Building and Construction
- Electrical and Electronics
- Packaging
- Others
The regional markets for plastic fillers include:
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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Market Trends
The global market for plastic fillers is expected to be driven by the on-going developmental processes in infrastructure, building, and construction fields, which include construction of hospitals, shopping malls, theatres, offices, schools, and residential plots, among others. These projects are further accelerated by the rising government and private investments. The market is likely to be driven by the rising availability though retail and wholesale channels. In addition, rising technological advancements and innovation in automobile sector is another key trend likely to provide impetus to the market in the coming years.
Key Market Players
The major players in the market are Imerys Group, Omya AG, and J.M. Huber Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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