Plastic Fillers Market - Size, Share, Trend & Growth Forecast to 2026

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Plastic Fillers Market - Size, Share, Trend
Growth Forecast to 2026
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Global Market Scenario of Plastic Fillers Industry

• It has been predicted that plastic fillers market
  size will exceed US14.5 billion by 2026, with
  surging demand across automotive and construction
  applications.
• Fillers are usually added to reduce the cost of
  production. Plastic fillers cost significantly
  less than primary plastic materials, considerably
  minimizing overall cost. In addition, fillers can
  boost the strength and durability of plastics. On
  an average, plastic fillers, organic or
  inorganic, constitute up to 70 a plastic
  fastener.
• Calcium carbonate to witness robust demand
• Calcium carbonate, also known as limestone, is
  among the most popular plastic fillers. It
  represents more than half of the inorganic
  fillers used in the plastic industry. When used
  as an additive, calcium carbonate reduces the
  surface energy and offers opacity and surface
  gloss, improving overall surface finish. It also
  improves the density, tensile modulus, and impact
  strength in addition to reducing costs.

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Continue-

• Seemingly, calcium carbonate fillers are among
  the most used materials in the construction
  sector. This can be associated with widespread
  use of plastic pipes, cables, panels, coverings,
  films, and sheets in building and construction.
  The versatility, durability, corrosion
  resistance, and excellent strength-to-weight
  ratio makes plastic an essential component in
  construction which will undeniably boost the
  demand for plastic fillers.
• Use of plastics in the automotive sector
• The introduction of automotive plastics has
  transformed the way vehicles are made. Today, a
  large number of automotive components, from
  performance to aesthetics, includes some form of
  plastic. High-performance plastics, in
  particular, are playing a crucial role in
  automaking. Automotive plastics, being
  lightweight, make vehicles more fuel-efficient.
• It is estimated that every 10 reduction in
  automobile weight can result into 5-7 lower fuel
  consumption. Mounting environmental and economic
  concerns have made the creation of more
  fuel-efficient vehicles a top priority for
  automakers.

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360 Industry Analysis

• As automobile manufacturing evolves depending of
  various consumer trends and environmental
  factors, plastic fillers are expected to witness
  consistent rise in demand over the coming years.
  In addition, the use of engineering plastics
  could minimize the mass of automotive components
  as they offer a greater degree of design freedom
  compared to metals and alloys.
• The presence of stringent regulatory framework
  pertaining the use of plastics might hamper
  plastic fillers industry growth up to certain
  extent. However, a significant consumption of
  plastics in automotive, construction, and
  manufacturing applications will foster industry
  outlook in the future. Qualities of plastics such
  as increased durability, light weight,
  cost-effectiveness, and design flexibility make
  them an ideal choice of material in these
  applications.
•  

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• Competitive Analysis
• Imerys, Mineral Technologies Inc., Hoffman
  Minerals, LKAB Group, Huber Engineered Materials,
  Omya AG, Granic, Quarzwerke Group, Evonik
  Industries, Nyco Minerals.
• Growth Drivers
• North America Increasing demand for electrical
  automotive vehicles
• Europe Growing demand for lightweight material
  from the automotive industry
• Asia Pacific
• Booming building construction sector
• Significant expansion of the manufacturing
  industry

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