The Microplastic Fillers Market Size is valued at USD 3.12 billion in 2023 and is predicted to reach USD 4.28 billion by the year 2031 at a 4.1% CAGR during the forecast period for 2024-2031.
Microplastic fillers are very tiny pieces of plastic added to enhance the texture, durability, and appearance of the product, and they are ubiquitous in cosmetics, paints, and coatings. If they are not disposed of correctly, though, they might end up in rivers and damage aquatic life. The market for microplastic fillers is being propelled by the rising need for lightweight and long-lasting materials in various industries, including cosmetics, automotive, and construction. Their expansion in the market is driven by improvements in packaging technology and their performance-enhancing application in paints, coatings, and adhesives.
Additionally, technological advancements in the use of microplastic fillers in packaging have resulted in more efficient and lightweight designs by increasing their strength, flexibility, and durability. Because these fillers increase the barrier characteristics, the packaging is better able to withstand environmental stresses, including moisture and damage, which in turn increases the product’s shelf life. Moreover, the microplastic fillers industry is fueled by companies that create cutting-edge cosmetics, coatings, and packaging compositions. They work with sectors such as the automobile, building, and consumer goods industries to provide sustainable, long-lasting solutions that are also environmentally benign in order to satisfy environmental rules, which is a growing market in the coming years.
However, the new environmental rules, more people paying attention to the problem of plastic pollution, and more people wanting sustainable products hindered the market growth. The microplastic fillers market was hit hard by the COVID-19 epidemic, which caused supply chain disruptions and lowered industrial demand. In addition, rising demand for sustainable packaging and advancements in lightweight materials for the automotive and construction industries are all factors that could lead to opportunities in the microplastic fillers market.
The microplastic fillers market is segmented based on type, form, function, and end-use industries. Based on type, the market is segmented into polyethylene (PE), polypropylene (PP), polyurethane (PU), and others. By form, the market is segmented into microbeads, powders, fibers, and others. By function, the market is segmented into exfoliation, fillers, rheology modification, and others. By end-use industries, the market is segmented into cosmetics & personal care, paints & coatings, industrial manufacturing, packaging, construction materials, and others.
Polypropylene (PP) in the microplastic fillers market is expected to lead with a large global market share in 2023 owing to its adaptability, which includes robustness, portability, and affordability. Many industries rely on PP for its durability and flexibility, including construction, packaging, and the automobile sector. Because of its abundance and ease of recycling, it is the microplastic fillers market, a popular choice among producers, is driving this market growth.
The cosmetics and personal care segment is growing because there is a growing need in the market for goods with improved textures, easy application, and enduring results. Microplastic fillers provide these benefits, enhancing the texture and functionality of cosmetics such as creams, lotions, and brushes. The usage of microplastic fillers is being propelled even higher in this market by the increasing consciousness surrounding personal hygiene and cosmetics, as well as by innovations in product formulas.
The Asia Pacific microplastic fillers market is expected to report the biggest market share in revenue in the near future. This can be attributed to because of the prevalence of sectors including transportation, building, and personal care. Market expansion in the region is being propelled by advancements in packaging technology and a surge in demand for lightweight, durable materials. In addition, North America is projected to grow rapidly in the microplastic fillers market because of the growing cosmetics, building, and automobile sectors in the area. Greater manufacturing capacity, more people living in cities, and higher demand for personal care goods are additional contributing factors to the market’s expansion in Asia-Pacific.
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 3.12 Bn |
|
Revenue Forecast In 2031 |
USD 4.28 Bn |
|
Growth Rate CAGR |
CAGR of 4.1% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Form, Function, And End-Use Industries. |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
BASF SE, Clariant, Thermo Fisher Scientific Inc., POLYFILL, Composition Materials Co., Honeywell International Inc., Schilling Ltd., Kaimaoxing Cellulose (Shandong) Co., Ltd, Precision Drawell Pvt Ltd., Goonvean Fibres and Other Market Players |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Microplastic Fillers Market Snapshot
Chapter 4. Global Microplastic Fillers Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Microplastic Fillers Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Microplastic Fillers Industry Trends
Chapter 5. Microplastic Fillers Market Segmentation 1: By End-Use, Estimates & Trend Analysis
5.1. Market Share by End-Use, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following End-Use:
5.2.1. Cosmetics & Personal Care
5.2.2. Paints & Coatings
5.2.3. Industrial Manufacturing
5.2.4. Packaging
5.2.5. Construction Materials
5.2.6. Others
Chapter 6. Microplastic Fillers Market Segmentation 2: By Type, Estimates & Trend Analysis
6.1. Market Share by Type, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Types:
6.2.1. Polyethylene (PE)
6.2.2. Polypropylene (PP)
6.2.3. Polyurethane (PU)
6.2.4. Others
6.2.4.1. Polystyrene
6.2.4.2. Polycarbonate
Chapter 7. Microplastic Fillers Market Segmentation 3: By Form, Estimates & Trend Analysis
7.1. Market Share by Form, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Forms:
7.2.1. Microbeads
7.2.2. Powder
7.2.3. Fibers
7.2.4. Others
Chapter 8. Microplastic Fillers Market Segmentation 4: By Function, Estimates & Trend Analysis
8.1. Market Share by Function, 2023 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Functions:
8.2.1. Exfoliation
8.2.2. Fillers
8.2.3. Rheology Modification
8.2.4. Others
Chapter 9. Microplastic Fillers Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. Global Microplastic Fillers Market, Regional Snapshot 2023 & 2031
9.2. North America
9.2.1. North America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.2.1.1. US
9.2.1.2. Canada
9.2.2. North America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
9.2.3. North America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.2.4. North America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.2.5. North America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Function, 2024-2031
9.3. Europe
9.3.1. Europe Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.3.1.1. Germany
9.3.1.2. U.K.
9.3.1.3. France
9.3.1.4. Italy
9.3.1.5. Spain
9.3.1.6. Rest of Europe
9.3.2. Europe Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
9.3.3. Europe Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.3.4. Europe Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.3.5. Europe Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Function, 2024-2031
9.4. Asia Pacific
9.4.1. Asia Pacific Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.4.1.1. India
9.4.1.2. China
9.4.1.3. Japan
9.4.1.4. Australia
9.4.1.5. South Korea
9.4.1.6. Hong Kong
9.4.1.7. Southeast Asia
9.4.1.8. Rest of Asia Pacific
9.4.2. Asia Pacific Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
9.4.3. Asia Pacific Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.4.4. Asia Pacific Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts By Form, 2024-2031
9.4.5. Asia Pacific Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Function, 2024-2031
9.5. Latin America
9.5.1. Latin America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
9.5.1.1. Brazil
9.5.1.2. Mexico
9.5.1.3. Rest of Latin America
9.5.2. Latin America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
9.5.3. Latin America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
9.5.4. Latin America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.5.5. Latin America Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Function, 2024-2031
9.6. Middle East & Africa
9.6.1. Middle East & Africa Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
9.6.1.1. GCC Countries
9.6.1.2. Israel
9.6.1.3. South Africa
9.6.1.4. Rest of Middle East and Africa
9.6.2. Middle East & Africa Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by End-Use, 2024-2031
9.6.3. Middle East & Africa Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Function, 2024-2031
9.6.4. Middle East & Africa Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Form, 2024-2031
9.6.5. Middle East & Africa Microplastic Fillers Market Revenue (US$ Million) Estimates and Forecasts by Function, 2024-2031
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. BASF SE
10.2.1.1. Business Overview
10.2.1.2. Key Product/Service Offerings
10.2.1.3. Financial Performance
10.2.1.4. Geographical Presence
10.2.1.5. Recent Developments with Business Strategy
10.2.2. BASF SE
10.2.3. Clariant
10.2.4. Thermo Fisher Scientific Inc.
10.2.5. POLYFILL
10.2.6. Composition Materials Co.
10.2.7. Honeywell International Inc.
10.2.8. Schilling Ltd.
10.2.9. Kaimaoxing Cellulose (Shandong) Co., Ltd
10.2.10. Precision Drawell Pvt Ltd.
10.2.11. Goonvean Fibres
10.2.12. Sibelco
10.2.13. SH Minerals Gmbh
10.2.14. Clades Composites
10.2.15. Imerys
10.2.16. LKAB Minerals
10.2.17. Omya International Ag
10.2.18. Covia Holdings Llc
10.2.19. Stockmeier Group
10.2.20. Quarzwerke Gmbh
10.2.21. 20 Microns
10.2.22. Other Market Players
Microplastic Fillers Market By Type-
Microplastic Fillers Market By Form-
Microplastic Fillers Market By Function-
Microplastic Fillers Market By End-Use Industries-
Microplastic Fillers Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
