Global polymer filler market demand grows 5.1% annually up to 2024

Automotive and building & construction collectively accounted for over 40% of total market volume for polymer filler in 2015. Increasing demand for high strength plastic composites in all these end-use industries is expected to drive the market growth. Automotive is also expected to witness the highest growth of 5.9% over the forecast period, according to a report by Grand View research.

Asia Pacific dominated the global market with demand share exceeding 45% in 2015. Burgeoning building & construction industry along with favorable governmental regulations in India, China, Indonesia, and Thailand is likely to drive the regional market. Growing demand for lightweight polymer composites in the U.S. is expected to propel the North American market over the forecast period.

Global polymer fillers industry is fragmented in nature, and the threat of new entrants is high due to lower initial investment. Despite presence of a large number of market players, the value chain is mainly dominated by end-use industries as most of the polymer composites are manufactured considering the application requirements.