September 13, 2022 09:37 ET | Source: Facts & Factors Facts & Factors
NEW YORK, United States, Sept. 13, 2022 (GLOBE NEWSWIRE) -- According to Facts and Factors has published a new research report titled “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” in its research database.
“According to the latest research study, the demand of global Plastic Fillers Market size &share in terms of revenue was valued at USD 11,392.40 million in 2021 and it is expected to surpass around USD 15,007.05 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 4.70% during the forecast period 2022 to 2028.”
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.
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.
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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.
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Plastic Fillers Market: COVID-19 Impact Analysis
Globally, the COVID-19 pandemic has had an impact on various industries. Governments established severe lockdown protocols and social segregation standards to limit the pandemic's rapid spread. All throughout the globe, factories were shut down in the early phases of the outbreak. The commercial roll-out of the plastic filler market may also be severely delayed because of the economic crisis that followed the pandemic.
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 segmented as follows:
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
The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. Some of the main competitors dominating the global plastic fillers market include –
Key Insights from Primary Research:
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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.
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