Rising Demand for Packaging as Well as Growth of Manufacturing and Construction Sectors to Thrive Market!
Plastic filler are inherent material which modifies the surface properties of a plastic or elastomer is amongst the most difficult to obtain. These fillers are cost effective and improve mechanical properties of the host polymer. The ratio to fill the fillers varies from 10% to 70%. The global plastic filler market is majorly driven by environmentally free nature of manufacturing process, and high demand for plastic products. Plastic filler are used to reduce the charge on plastic surface and increase the conductivity of the product.
Packaging industry is offering massive growth opportunities to plastic filler market in response to immense food production and resulting need for food packaging. Consume trend for packaged food and ready to eat food has grown drastically because of fast moving and busy life style. Therefore, plastic filler are also used in large amount in packaging applications. Widening applications of plastic filler in above-mentioned industries is the key factor driving the growth this market.
Continuously increasing demand from construction industry and rising demand from the automotive industry have boosted the demand for the plastic fillers. Plastic packaging sector have attained significant growth during last few years due to the increasing consumer goods demand. Rising demand from packaging industry will boost the market growth and will create the opportunity in future.
What Will Be The Market By 2028?
Our report on Plastic Fillers Market has covered the study of latest development and investment in the market. In addition, report covers the value chain analysis, regulatory analysis, market attractiveness analysis, and Porter’s five forces analysis, for Plastic Fillers Market.
Additionally, our report includes market drivers, restraints and opportunities along with COVID-19 impact analysis, historical & descriptive analysis, and forecasts & predictive analysis. The global Plastic Fillers Market is expected to reach over USD 15.91 billion in 2028 at CAGR of 4.90%.
Some of key players in Plastic Fillers Market include, BASF SE (Germany), The Dow Chemical Company (U.S.), SAB (Saudi Arabia), UBE Industries, Inc. (Japan), and INEOS Group AG (Switzerland). Imerys (Paris), Omya AG (U.S.), Mineral Technologies Inc. (U.S.), LKAB minerals (Sweden), and Hoffman minerals (Germany), Granic (Spain), Nyco Minerals (S&B) (Luxembourg), Kärntner Montanindustrie Gesellschaft m.b.H. (Austria), Quarzwerke Group (Germany), Nanobiomatters (Spain), Unimin (U.S.), Evonik Industries (Germany), and 20 Microns Ltd. (India)..Asia Pacific is estimated to hold a significant the Plastic Fillers Market over the forecast period of 2022-2028. Among all the countries in Asia Pacific, China dominates the Plastic Fillers Market in the region. Surging building & construction sector, along with significant expansion of the manufacturing industry are the major factors driving the plastic fillers market in the region.