The global impact modifiers market size is expected to reach USD 5,887.5 Million at a steady CAGR of 5.1% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of the global impact modifiers market can be attributed to surging demand for engineering plastics such as polycarbonates from the automotive industry. Engineering plastics enable reducing weight of automotive parts and provide more design freedom than metals. Impact modifiers are used to enhance impact performance of engineering plastics by imparting improved toughness, durability, and heat distortion temperatures.
Growing demand for PVC in various end-use industries such as packaging, consumer goods, building & construction, and automotive is a significant factor driving impact modifiers market growth. The application of pure PVS is limited in various industries due to its low impact resistance; thus, it is essential to use impact modifiers to increase toughness, durability, and weather resistance properties of PVC.
The Research Report focuses on competitive landscape of industry that includes company profiles, business overview, sales area, market performance and manufacturing cost structure. The report analyzes the global primary production, consumption, and fastest-growing countries with prominent players in the global industry. Key market observation is showed to make key findings on business growth. In the competitive assessment section, this Impact Modifiers Market report sheds light on the list of manufacturers, market conditions, current trends, company profiles, and market innovations. It also includes various growth opportunities of top players.
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Impact Modifiers Market : Competitive Landscape
The prominent players operating in the Impact Modifiers Market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Impact Modifiers Market .
Some of the prominent players operating in the market are:
Arkema SA, Formosa Plastics Corporation, Wacker Chemie AG, Dow Inc., LG Chem Ltd., Mitsubishi Chemical Corporation, Lanxess AG, Mitsui Chemicals, Kaneka Corporation, and Shandong Novista Chemicals Co. Ltd.
What’s Included in the Report –
Global Impact Modifiers Market size and growth projections, 2020-202
Industry Segmentation and regional growth revenue forecast for market
Competitive landscape, strategies and market share analysis
Impact Modifiers Market size, share, and growth projections across regions and countries
Impact Modifiers Market size and CAGR of key products, applications, and end-user verticals
Short and long term Impact Modifiers Market trends, drivers, restraints, and opportunities
Prter’s Five forces analysis
Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
Latest market news, developments, growth opportunities and trends analysis
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The report offers these individuals a vivid description of the competitive spectrum of the global Impact Modifiers Market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
Some Key Highlights From the Report :
In July 2020, Sukano, which is a company producing additives and masterbatches, announced the introduction of an innovative transparent impact modifier for PET resin. PET resin produced using the new impact modifier can be deployed as a substitute to specialty copolyesters used in packaging trays.
Among the product type segments, the acrylic segment contributed largest revenue share in 2020. Acrylic impact modifiers increase the impact resistance of a plastic product, along with improving product surface gloss and weatherability. Acrylic impact modifiers are particularly ideal for outdoor products and find extensive usage in PVC sheets, pipes, boards, and pipe fittings.
A major application of impact modifiers is to increase polyamides’ impact strength, along with fluidity. Plastic products produced from polyamides are used in various end-use industries such as automotive, consumer goods, packaging, electronics & electrical, and building & construction.
Impact modifiers market in Asia Pacific registered the fastest revenue growth rate in 2020 and is expected to maintain this trend during the forecast period. Increasing demand for high-impact plastic compounds in industries such as automotive and packaging and presence of leading market players in the region are key factors driving market growth. In addition, rising disposable income and surging demand for consumer goods is supporting demand for impact modifiers in countries in Asia Pacific.
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Emergen Research has segmented the global impact modifiers market on the basis of product type, application, industry vertical, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Acrylonitrile Butadiene Styrene (ABS)
- Acrylonitrile Styrene Acrylate (ASA)
- Acrylic
- Methyl Methacrylate Butadiene Styrene (MBS)
- Ethylene Propylene Diene Monomer (EPDM)
- Chlorinated Polyethylene (CPE)
- Glass Fiber
- Others
Application Outlook (Revenue, USD Million; 2018–2028)
- Polyvinyl Chloride (PVC)
- Polyamide
- Polyesters
- Engineering Plastics
- Others
Industry Vertical Outlook (Revenue, USD Million; 2018–2028)
- Packaging
- Consumer Goods
- Building & Construction
- Automotive
- Pharmaceutical
- Others
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Regional Bifurcation of the Impact Modifiers Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key questions answered in the report:
What will the Impact Modifiers Market growth rate be?
What are the primary factors propelling the Global Impact Modifiers Market ?
Who are the market’s leading manufacturers?
What are the market’s opportunities, threats, and market structure?
What are the top manufacturers’ sales, revenue, and price analysis in the Impact Modifiers Market ?
Who are the Impact Modifiers Market distributors, traders, and dealers?
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