Polymer Fillers Market Scope
Polymer Fillers are a variety of solid particulate materials (inorganic, organic) that may be fibrous, irregular, acicular, or plate-like in shape and that are used in reasonably large volume loadings in the polymer for strengthening it. These filters are used to change the properties of the original plastic to save production costs along with raw materials. Polymer fillers augment the tensile strength and toughness, increase the quality and clarity of plastic as well as boost the heat resistance of the plastic. Increasing demand and utilization of environment-friendly polymer fillers in the automotive and construction industry is driving the market in a positive direction. In addition, the incorporation of bio-based packaging using polymer fillers is accelerating the market growth.
|Unit||Value (USD Million)|
|Key Companies Profiled||Imerys SA (France), LKAB Minerals (Sweden), Minerals Technologies Inc. (United States), Hoffman Mineral GmBH (Germany), GCR Group (Spain), Omya AG (Switzerland), Quarzwerke Group (Germany), J. M. Huber Corporation (United States), Unimin Corporation (United States) and 20 Micron Ltd. (India)|
Various technology enhancements, product launches, and strategic initiatives by the key industry players are maintaining competitiveness in the polymer fillers market. For instance, innovations and development in the liquid polymer fillers by DEXLEVO using its biodegradable polymer technology have overcome the limitations of existing polymer fillers. The companies are implementing strategic activities such as partnerships and collaboration with automotive and construction companies to aid in market domination. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Polymer Fillers market throughout the predicted period.
Imerys SA (France), LKAB Minerals (Sweden), Minerals Technologies Inc. (United States), Hoffman Mineral GmBH (Germany), GCR Group (Spain), Omya AG (Switzerland), Quarzwerke Group (Germany), J. M. Huber Corporation (United States), Unimin Corporation (United States) and 20 Micron Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Karntner Montanindustrie Gesellschaft M.B.H. (Austria) and Covia Holdings Corporation (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Polymer Fillers market by Type and Region with country level break-up.
On the basis of geography, the market of Polymer Fillers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn March 2022, The Compound Company acquired the production site, product portfolio, and customer base for Exxelor polymer resins from ESSO Deutschland GmbH. The acquisition further enhances the global production capacity of The Compound Company to about 70 kilotons per year and significantly expands the groups reach into new markets.
In December 2022, Omya AG was awarded the 2022 Europe New Product Innovation Award by Frost & Sullivan. Omya focuses its product development on aligning its calcium carbonate product portfolio including Omyaloop Solution to meet the regional sustainability goals. The Companys consistent development of unique value propositions to address customers' existing and evolving needs and to enhance the technical capabilities and functionalities of its end products led to its recognition.
Influencing Trend:The surge in Popularity of Calcium Carbonate Fillers for Construction Applications
Market Growth Drivers:Growing Demand for Polymer Fillers in Aerospace Gear Manufacturing and Increasing Demand for Low-Cost Organic Polymers
Challenges:High Cost Associated with Processing of Fillers
Restraints:Presence of Stringent Guideline Regarding Environmental Impact of Polymers
Opportunities:Rising Developments in Use of 2D Fillers in the Electronics Industry
Key Target AudiencePolymer Manufacturers, End User Industry, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes and End Users