Chemical Fillers Market: Introduction
Chemical fillers are material added to resins and binders to enhance or improve the specific properties of the substance and make it relatively inexpensive. They are mainly two types of chemical fillers are available in the market are; organic and inorganic chemical fillers. The term organic chemical fillers are encompassed with a variety of natural/organic solid fibers and materials which is acicular, irregular, fibrous or flaky in the shape and size. Although, some cellulosic chemical fillers are available in the market such as cellulose pulp, wood flour, and shell flour are used most frequently. While, on the other hand, inorganic chemical fillers are continuously proven its dominance in the market. Inorganic chemical fillers such as calcium carbonate, talc, kaolin, and aluminium trihydrate, among others are commonly used as filler material to improve the properties of resins and binders.
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Chemical Fillers Market: Dynamics
Increasing consumption of thermoplastic resins, paints and coatings, and adhesives & sealants around the world is act as a prime driving factor for the global chemical fillers market. Growing plastic consumption in the daily goods of consumer life, rapid infrastructural development, urbanization are expected to significantly enhance the demand for chemical fillers in the coming years.
Nowadays, plastic manufacturers are focus to save production costs as well as raw materials and improve the properties of plastic. Such an aspect is also expected to lay a strong platform for the robust growth of the chemical fillers demand during the foreseen trajectory of the market.
Increasing application of thermoplastic resins across the variety of industries such as construction, automotive, and packaging is likely to provide positive momentum to the global chemical fillers market during the projected timeline. However, various regulations and standards on plastic utilization are expected to hindering the growth of the chemical fillers market in the near future.
Chemical Fillers Market: Segmentation
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Chemical Fillers Market: Regional Outlook
From the geographical perspective, the Asia Pacific region is estimated to account for significant share in the global chemical fillers market and projected to register high growth in the coming years. Countries such as China and India are expected to hold a prominent share, owing to continuous growing investment in urbanization and industrial development.
Rising thermoplastic resins demand across the various industries such as automotive, packaging, electronics, among others are provide optimistic thrust to the chemical fillers market in the aforementioned countries of the Asia Pacific region. Although, North America followed by Europe are projected to register relatively moderate growth in the global chemical fillers market during the foreseen trajectory.
The positive outlook of the construction industries boosts the demand for adhesives & sealants, paints and coatings, and thermoplastic resins, among others, which in turn, fuel the demand for chemical fillers across those regions. Moreover, the Middle East & Africa, and Latin America regions are projected to look forward with relatively high growth in the demand for chemical fillers in the coming years.
Chemical Fillers Market: Key Players
Some of the key market participants identified across the value chain of the chemical fillers market are:
- Nippon Chemical Industrial CO., Ltd.
- Marubeni Europe Plc
- ACAT International Corporation
- CHALCO Shandong Advanced Material Co., ltd.
- Harmony Additive Pvt Ltd.
- Shandong Novista Chemicals Co., Ltd.
- Albemarle Corporation
- SKKU Minerals
- Active Minerals International, LLC
- The Cary Company
- Ione Minerals, Inc
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