November 18, 2020
According to the research report titled ‘Plastic Fillers Market Size By Type (Calcium Carbonate [Ground, Precipitated], Talc, Kaolin, Glass Fibers, Carbon Black), By Form (Continuous, Discontinuous, Nanofillers), By Application (Automotive, Building & Construction, Electrical & Electronics, Packaging), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with market Study Report LLC, global plastic fillers market is anticipated to record significant growth during 2020-2026.
Industry experts claim that widespread applications of the product across several industries such as electrical & electronics, construction, automotive, and packaging along with increasing preference over resins due to its affordable nature are augmenting the growth of global plastic fillers market size.
For the record, plastic fillers are materials that are added to polymer formulations to enhance certain wcomprise of various types including alumina trihydrate, kaolin clay, and calcium carbonate.
Additionally, rising adoption of the product in plastics coupled with the ability of fillers to impart properties such as electrical as well as thermal conductivity are stimulating the global plastic fillers market outlook.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2569951/
Based on type, the others segment, which consists of natural fibers, wollastonite, titanium dioxide, and mica, reflected 8% share in global plastic fillers market in 2019 and is reckoned to witness similar expansion trends in the forthcoming period.
With regards to form type, worldwide plastic fillers market share from nanofillers segment is projected to register a 5% CAGR during 2020-2026, owing to reducing prices as well as increasing production due to inactive extenders.
Moving on to application scope, global plastic fillers industry size from the electrical & electronics segment is predicted to record a CAGR of 5.5% over the forecast period. On the other hand, the other application segment, comprising of industrial applications, consumer products, and textiles, accounts for 24.5% market share of and is expected to show similar growth patterns through 2026.
From a geographical point of view, Latin America reflected around 4% of the overall market share and is anticipated to attain substantial expansion during the analysis timeframe. Alternatively, Middle East & Africa plastic fillers market is estimated to exhibit a 6% CAGR over 2020-2026, on account of flourishing chemical industry along with increasing construction activities.
Leading organizations that outline the global plastic fillers industry trends are Sisco Research Laboratories Pvt. Ltd., Evonik Industries AG, Hoffmann Mineral GmbH, Quarzwerke Group, Granic, Omya AG, J.M. Huber Corporation, Luossavaara-Kiirunavaara Aktiebolag (LKAB), Mineral Technologies Inc., and Imerys S.A.
Question and Answers: Global Plastic Fillers Market
Q1) Which factors are driving the growth of global plastic fillers market?
Answer: Factors such as widespread applications of the product across several industries including electrical & electronics, construction, automotive, and packaging along with increasing preference over resins due to its affordable nature are augmenting the growth of global plastic fillers market.
Q2) Why is Middle East & Africa plastic fillers market witnessing continuous expansion through 2026?
Answer: Flourishing chemical industry coupled with increasing construction activities are fostering the expansion of Middle East & Africa plastic fillers market over 2020-2026.
Q3) Which companies hold a strong presence in global plastic fillers market?
Answer: Key participants of global plastic fillers market are Mineral Technologies Inc., Omya AG, J.M. Huber Corporation, Luossavaara-Kiirunavaara Aktiebolag (LKAB), Hoffmann Mineral GmbH, and Imerys S.A. among others.