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Impact Modifier Market Size Growth Set to Surge Significantly during 2022-2030

Market Synopsis: Global Impact Modifier Market

Impact modifiers are additives that are used for enhancing flexibility & impact strength for fulfilling physical property requirements of rigid components. Further, they are added to plastic resin materials for increasing their strength and enhance toughness of extruded plastics. Continuous innovation and the need for lighter material in several applications are encouraging the replacement of conventional materials with plastic. The increase in consumption of polymers has also increased the usage of impact modifiers in the manufacturing of products for several applications, which improve the mechanical and impact properties of the final product and reduce its cycle time. In addition massive demand of polymer from the packaging industry propel the growth of market. These are some of major factor which propel the growth of the global impact modifier market over the forecast period. The uncertain situation due to the coronavirus may affect the trend of the global impact modifier market in the next few years. The global impact modifier market is expected to register steady growth during the forecast period, 2022-2030.

Impact of Covid-19 pandemic on market

COVID-19 crisis impacted manufacturers involved in various industries and obstructed the entire supply chain, from raw materials to end product delivery. Moreover, government and policymakers are mostly engaged in handling and controlling the medical crisis to meet a healthy and safe environment for the nation’s population. The lack of understanding to manage economic risks and the business sector is expected to put the economic and Others growth towards vulnerability. The report will include the impact of COVID-19 on the target market in detail.

Market Dynamics: Global Impact Modifier Market

Rising the industrialization witness in emerging nations is anticipated the expansion of global impact modifier market during the forecast period.  In addition, huge demand of plastic from the packaging and construction activities propel the growth of the market.

However, fluctuating the price of raw materials and growing environmental concern among the end-user, are some of the factors which might hamper the growth of the market global impact modifier market over the forecast period.

The market player has an opportunity to invest in an emerging market to gain more sales benefit over the forecast period. Moreover, innovation in packaging will impact the market growth.

Market Segmentation: Global Impact Modifier Market

The global Impact Modifier market is segmented based on type, material type, end-user, and regions.

The global impact modifier market is segmented based on the type as ABS, ASA, AIM, MBS, and EPDM. The acrylic segment holds the major portion of the global impact modifier market and is estimated to grow with highest CAGR during the forecast period. On the basis of material type, the market is segmented into polyesters, polyamide, PVC, and engineering plastics. The PVC segment of material type has the largest application and is estimated to grow with highest market share of the global impact modifiers market. PVC is easily available, low cost and increasing applicability of PVC among various end-user like construction, packaging, automotive and consumer goods. These are the major factor which helps to drive the PVC segment of this market.

Based on end-user, the targeted market is segmented as Construction, Consumer Goods, automotive, Packaging and Others. Among all the segments, the Packaging segment of end-user is projected to dominance the market owing increasing demand from food and pharmaceutical packaging sectors. Moreover, changing lifestyle of consumers with rising disposable income has increased the importance of plastic as packaging products.

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Regional Overview: Global Impact Modifier Market

In the region, the global Impact Modifier market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to be fastest growing market during the forecast period and is projected to register the highest CAGR among all the regions. The major factors which attributes the growth of market includes increasing demand for polymer product in various end-user economies like India, China and Japan. In addition, Asia is the largest producer and consumer of plastics across the globe, and this region manufactures approximately 50% of the world’s automotive. These are some of the major factor which helps to drive the growth of the impact modifier market in this region over the forecast period.

Competitive Landscape: Global Impact Modifier Market

The key players operating in the global Impact Modifier market include Akdeniz Kimya San. Ve Tic. A.S., E.I. Du Pont De Nemours & Co., The DOW Chemical Company, Lanxess AG, Evonik Industries AG, Kaneka Corporation, Addivant, LG Chem Ltd., Arkema Group, Mitsubishi Chemical Corporation, Akzo Nobel N.V, BASF SE and other players. Investment in new product categories with a differentiated pricing strategy enables the manufactures to lure new customers and gain prominent market share in the various product category. Moreover manufacturers are customizing Impact Modifier solutions to meet the end-user.

 

Detailed Segmentation: Global Impact Modifier Market

Attribute Details
The base year for estimation 2021
Forecast period 2022-2030
Market representation Revenue in USD Million & CAGR from 2022-2030
Market Segmentation By Type – ABS, ASA, AIM, MBS and EPDM

By Application – Polyesters, Polyamide, PVC, and Engineering Plastics

By End-user – Construction, Consumer Goods, Automotive, Packaging and Others

Regional Scope North America – U.S., Canada

Europe – Germany, UK, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America – Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage Revenue forecast, company share, competitive landscape, growth factors, and trends

 

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2028.  For the purpose of this study, analyst has segmented the global Impact Modifier market report based on the packaging type, material type, end-user and region.

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Global Impact Modifier Market, By Type:

  • ABS
  • ASA
  • AIM
  • MBS
  • EPDM

Global Impact Modifier Market, By Application:

  • Polyesters
  • Polyamide
  • PVC
  • Engineering Plastics

Global Impact Modifier Market, By End-user:

  • Construction
  • Consumer Goods
  • Automotive
  • Packaging
  • Others

Global Impact Modifier Market, By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Company Profile:

  • Lanxess AG*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • Akdeniz Kimya San. Ve Tic. A.S.
  • E.I. Du Pont De Nemours & Co.
  • The DOW Chemical Company
  • Evonik Industries AG
  • Kaneka Corporation
  • Addivant, LG Chem Ltd.
  • Arkema Group
  • Mitsubishi Chemical Corporation
  • Akzo Nobel N.V.
  • BASF SE