Global Impact Modifiers market research 2024, Forecast To 2033
2 Feb, 2024
The impact modifiers market has shown robust growth in recent years, with its size increasing from $4.24 billion in 2023 to $4.64 billion in 2024, representing a compound annual growth rate (CAGR) of 9.4%. This growth can be attributed to the expansion of the polymer industry, the rise in material reinforcement, increased usage in automotive applications, and the growing demand in the construction sector. Expectations for the market remain strong, with projected growth to $6.56 billion by 2028, reflecting a CAGR of 9.1%. Anticipated factors driving this growth include a focus on sustainability and recycling, increased infrastructure development, a rise in healthcare and medical device applications, regulatory changes, and the expansion of electric and autonomous vehicles. Emerging trends in this period encompass the development of bio-based impact modifiers, expanded utilization in plastics, integration of nanotechnology, modification of engineering plastics, and the adoption of high-performance modifiers.
Global Impact Modifiers Market Key Driver
The impact modifiers market is set to grow due to the increasing demand for impact modifiers in the construction industry. The growth in engineering plastics, PVC usage in various construction applications, and the rise in construction output, with a 0.4% increase in August 2022, are key factors. The impact modifiers market is flourishing as construction activities drive demand.
Get A Free Sample Of The Global Impact Modifiers Market ReportGlobal Impact Modifiers Market Segments
The global impact modifiers market covered in this report is segmented –
1) By Type: AIM, ABS, MBS, CPE, EPDM, ASA, Other Types
2) By Application: PVC, Engineering Plastics, PBT, Nylon, Other Applications
3) By End-User: Packaging, Construction, Consumer Goods, Automotive, Other End-Users
By Geography: The regions covered in the Impact Modifiers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the impact modifiers market in 2023. Asia-Pacificis expected to grow faster in the forecast period. The regions covered in the impact modifiers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Impact Modifiers Industry Players
Evonik Industries AG, E.I. du Pont de Nemours and Company, Addivant USA LLC, Kaneka Corporation, Arkema S.A., Mitsubishi Chemical Corporation, LG Chem Ltd., Mitsui Chemicals Inc., SI Group Inc., Novista Group Co. Ltd., Indofil Industries Limited, Akzo Nobel N.V., Chemtura Corporation, Akdeniz Kimya Sanayi ve Ticaret A.S., The Dow Chemical Company, Chemson Group, DuPont de Nemours Inc., Ruifeng Chemical Industry Co. Ltd., Clariant AG, BASF SE, LANXESS AG, Saudi Basic Industries Corporation, Eastman Chemical Company, The Lubrizol Corporation, Croda International Plc, Wacker Chemie AG, Momentive Performance Materials Holdings LLC, Solvay SA, Sumitomo Chemical Co. Ltd., Tosoh Corporation, Asahi Kasei Corporation, Kuraray Co. Ltd.
Get The Full Global Impact Modifiers Market Report
Impact Modifiers Market Overview
The impact modifiers manufacture impact modifiers for polyvinyl chloride (PVC), engineering plastics, and epoxy resins. Impact modifiers are the key additives for increasing flexibility, improving durability, and meeting the physical property requirements of rigid parts. They are added to compounded materials to improve the durability and toughness of plastic resins.
Impact Modifiers Global Market Report 2023 provides data on the global impact modifiers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The impact modifiers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.