The major players in the market are OMYA, J.M. Huber Corporation, Imerys S.A., and LKAB, among others. The global plastic fillers market is expected to grow at a CAGR of 5% in the forecast period of 2022-2027.
Plastic fillers are materials added to plastics to enhance their physical and mechanical properties and achieve cost savings. These products enhance thermal and electrical conductivity, improve binding between polymer matrix and the fibres, improve flexibility, reduce material cost and improves tensile strength. These fillers can be in the form of solids, liquids, or gases. They reduce the consumption of the base materials by occupying space and replacing expensive resins without affecting other characteristics.
The plastic fillers market is segmented as continuous fillers, discontinuous fillers, and nanofillers based on form. Discontinuous fillers are primarily inorganic fillers in flakes, spheres, irregular shapes and platelets, which are dispersed in multiple geometric patterns and various orientations. These products are cost-effective and confer excellent mechanical and modulus features to the base materials.
Based on application, the the plastic fillers market is segmented as automotive, building and construction, electrical and electronics, and packaging, among others. The product offers excellent thermal, chemical, mechanical, and electrical properties, stimulating their adoption in the automotive sector.
The Asia Pacific accounts for a significant share in the market and is likely to remain dominant in the forecast period. This rising population has accelerated the demand for residential houses and improved infrastructure in the region, which, in turn, is expected to drive the need for plastic fillers in the construction industry. Furthermore, the market in the area is anticipated to be propelled by the rising demand for plastic filler in countries like China, Japan, South Korea, and India, owing to their significant economic growth and increasing product demand in downstream markets, including packaging, electrical and electronics, and others.
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Omya is a producer of industrial minerals, mainly fillers and pigments derived from calcium carbonate and dolomite and is a worldwide distributor of speciality chemicals. The company’s major markets are forest products (fibre-based products such as paper, board and tissue), polymers, building materials (paints, coatings, sealants, adhesives and construction materials) and life sciences (food, feed, pharmaceuticals, cosmetics, environmental products and agriculture). Founded in 1884 in Switzerland, Omya has a global presence extending to more than 175 locations in over 50 countries with 8,000 employees.
|Headquarters:||Edison, United States|
J.M. Huber Corporation is one of the largest family-owned businesses in the United States. The J.M. Huber Corporation received one of the most prestigious awards for a family business: the IMD-Lombard Odier Global Family Business Award in 2013. Founded in 1883, Huber is one of the largest family-owned companies in the United States. The diversified, multinational company creates products that are used in a broad range of consumer and industrial applications, including fire retardant additives and smoke suppressants, personal care, food, beverage, pharmaceuticals and building materials.
World’s leading supplier of speciality minerals for industry, Imerys is organised around two segments, performance minerals, and high-temperature materials and solutions, grouping five business areas aligned to its customers in core markets. These serve many industries, such as construction materials, mobile energy, steelmaking, agri-food, automotive, and cosmetics.
LKAB Minerals is an international industrial minerals group with a leading position in various product applications. The company develops sustainable mineral solutions in partnership with the customers, supplying natural minerals engineered for functionality and usability. LKAB Minerals is a subsidiary of the Swedish company LKAB, one of the world’s leading producers of highly upgraded iron ore products and other related mining services and products.
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