Fillers Market - Global Industry Report, 2031

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Fillers Market - Global Industry Report, 2031

Fillers market is driven by increasing usage of fillers in composite, paper & plastic industries and increase in their adoption in various applications

Fillers Market in Composites Industry Introduction

Fillers are particles added to resins or binders such as plastic, composite, and concrete. Elastomers and plastic are the two key segments of filler materials. Large numbers of fillers are used for various applications such as paper, plastics, rubber, paints, adhesives and sealants. Major filler materials used are precipitated calcium carbonate, ground calcium carbonate, kaolin, talc, and carbon black. Filler materials can affect tensile strength, toughness, heat resistance, color, clarity, etc. Fillers play a vital role in performance of composite resin.
Types of the fillers include calcium carbonate, kaolin, glass, fly ash, magnesium hydroxide, nanofillers, and wollastonite. Fillers reduce the cost of composite and improve performance. They can improve mechanical properties including fire and smoke performance. Fillers play an important role in improving the mechanical properties of polymer composites. Fillers in composites are mostly made by glasses, ceramics, metals etc.
In the composite industry, fillers are widely used in the fabrication part to alter the resin properties. This helps lower the production cost and raw material consumption.

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Key Drivers of Fillers Market in Composites Industry

Rise in usage of fillers in composite and paper & plastic industries is expected to boost the market during the forecast period. Composites are widely used in daily life. They offer benefits such as lightness of weight, strength, resistance to corrosion, durability, and design flexibility. Filler plays an important role in the process of open molding, closed molding, and cast polymer. Fillers are extensively used in composites, plastics, polymers, and papers. They are also extensively employed in medical surgeries. Calcium carbonate is widely used as an inorganic filler, which is available at low cost and in various sizes. It is prominently used in composite applications. Calcium carbonate is used as filler in the fabrication of composite parts in various segments such as transportation, building & construction, and consumer goods. Kaolin, alumina trihydrate, and calcium sulfate are also majorly used in the composite industry.
Beneficial properties of fillers is leading to an increase in their adoption in various applications. Fillers have vast potential for usage in the industrial sector due to their key properties. Growth in demand for composite materials is a prominent driver of the filler market.

Restraints of Fillers Market in Composites Industry

Dearth of universal directives pertaining to applications of fillers in composites is expected to restrain the market during the forecast period. There are some possibilities to use hemb fiber, MgO-Cement, recycled concrete, fly ash, and steel slag as alternatives for fillers.

COVID-19 Impact on Fillers Market in Composites Industry

The COVID-19 outbreak has adversely impacted the demand for fillers in many applications. The entire supply chain starting from raw material to composite material products has been affected by the COVID-19 outbreak.
Demand for fillers declined in the composite industry in 2020 due to stringent government rules and regulations owing to the COVID-19 pandemic. Imposition of lockdowns in various countries led to a decrease in manufacturing operations, and supply & transportation. This hampered the demand for fillers.
Manufacturing companies and supply chain facilities of fillers are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many players halted their production output due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials. Thus, demand for fillers in the composites industry is expected to decline in the near future.

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Competitive Landscape in Fillers Market in Composites Industry

Major players operating in the global fillers market in composites industry are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations

The market is currently witnessing fierce competition among several leading players. Key players operating in the market include: