Authored By: Sarah
01 Apr 2022

Polymer Fillers Market | High demand from the construction and automotive industries

Technavio research projects the polymer fillers market to grow by $ 11.70 billion, accelerating at a CAGR of over 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

 

Polymer Fillers Market: Rising Demand for Polymers in APAC Will Drive Market Growth

The demand for polymers in the building and construction, packaging, and automotive industries in APAC is on the rise due to the continued industrialization and growth of the manufacturing sector in this region. The introduction of policies by the government to attract foreign direct investments and facilitate closer integration with the global economy has resulted in significant investments in petrochemicals, polymer production, and downstream plastic processing.

In addition, rising urbanization and increasing disposable income have fostered the consumption of packaged goods, mobile phones, and automobiles, which are the largest end-users of polymers. Robust growth and innovation, along with industry consolidation are projected to drive the growth of this industry in the APAC region.

Polymer Fillers Market 2021-2025 to Grow by Nearly $ 12 Billion | Growth Drivers and Market Trends

Polymer Fillers Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cabot Corp., Elementis Plc, Evonik Industries AG, GCR Group, Hoffmann Mineral GmbH, Imerys SA, J M Huber Corp., Karntner Montanindustrie GmbH, LKAB Minerals AB, and Quarzwerke GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

 

Browse through some of our other related market research reports for more insights:

  • High-performance Polymers Market: Accelerating at a CAGR of almost 5.40%, the high-performance polymers market is expected to grow by post an incremental growth of $ 4.76 billion over the next five years.
  • Medical Polymers Market: Technavio’s Medical Polymers Market is set to grow by $ 6.55 billion, and the market will progress at a CAGR of about 7.18% till 2025.
  • Polymer Matrix Composites Market: Global polymer matrix composites market will post an incremental growth of $ 3.76 billion, progressing at a CAGR of 6.50% during the forecast period.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

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