The global industrial fillers market is expected to reach $36.0 billion in 2019
(PRWEB) September 01, 2015
Wellesley, Mass., September 01, 2015 – Increased polymer production in the construction, automotive and packaging industries will drive growth in the global industrial fillers market. BCC Research reveals in its new report that carbon black is expected to have the highest growth prospects over the forecast period.
BCC Research examines industrial fillers in its report, Industrial Fillers: Global Markets. The report forecasts a five-year compound annual growth rate (CAGR) of 4.2% from 2014–2019, leading to a global market size of $36 billion in the end year.
The global industrial fillers market is expected to increase from $29.3 billion in 2014 to $36 billion in 2019, reflecting a compound annual growth rate (CAGR) of 4.2% from 2014 to 2019.
Fillers are inexpensive materials added to other base materials such as plastics, rubbers, paper, and concrete to enhance their reinforcement properties. They can replace expensive base materials, thus reducing overall product cost while enhancing the reinforcement properties of plastics, adhesives, sealants, rubbers, paints, concrete, and paper.
Favorable government support towards promoting the shale gas industry and petrochemicals production is expected to boost the production of polymers, which should increase the use of fillers, particularly the popularly used filler material, carbon black.
Carbon black is prominently used as reinforcing filler in a variety of rubber products including tires, pipes, hoses and footwear. In addition, it is used in other applications such as films, adhesives, plastics and paints for improving the reinforcement properties of the final product.
“The addition of fillers to a polymer formulation lowers the compound cost or improves properties such as mechanical strength and improvement,” says BCC research analyst Tanmay Joshi. “In addition, increasing demand for plastics from the automotive, building, construction, electronics and packaging industries, coupled with growing consumption of carbon black in plastics, is expected to fuel market demand for plastics over the forecast period.”
Industrial Fillers: Global Markets (AVM124A) examines the global market in terms of growth, size and opportunities for different products and technologies. The report also analyzes regional markets and the impact of regulatory and legal issues. Forecasted trends and revenue through 2019 also are provided.
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About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world’s greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern time), or email email@example.com.