Global Impact Modifier Market was valued US$3.28 Bn in 2017 and is projected to reach US$5.01 Bn by 2026 at a CAGR of about 5.44% during a forecast year.
Global Impact Modifier Market is segmented on basis of Type, Application, End-User Industry, and Geography. Based on Type, Global Impact Modifier Market is segmented into (EVA, NBR, AIM, ASA, ABS, MBS, EPDM, CPE, and others). Global Impact Modifier Market by Application is classified into (PVC, Nylon, PBT, Engineering Plastics, and Others). In terms of End-User Industry, Market is further categorized into (Packaging, Construction, Consumer Goods, Automotive, and Others). Geographically, this market can be differentiated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
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Impact modifier resins are used to increase the durability of molded and extruded plastics, especially for those that have impact strength or cold weather services. They are important supplements added for increasing elasticity to overcome the rigidity of the material. Key drivers that boost the growth of Global Impact Modifier Market include non-availability of an alternative. Also, huge development across varies end-user applications. Due to an instability of prices and other factors, the growth of the Global Impact Modifier market is largely hindered.
Global Impact Modifier Market is segmented on basis of Type, Application, End-User Industry, and Geography. Based on Type, Global Impact Modifier Market is segmented into (EVA, NBR, AIM, ASA, ABS, MBS, EPDM, CPE, and others). MBS (Methacrylate-Butadiene- Styrene) is estimated to lead among all the other types of impact modifiers market. MBS improves the impact strength of finished products such as doors, pipes, and others.
Based on Application, global Impact Modifier is classified into PVC, Nylon, PBT, Engineering Plastics, and Others. Increase in globalization across under-developed nations is positively nurturing the growth of the overall market. The product comes with several beneficial characteristics such as weather resistant, anti-fire, easy to manufacture and optical & tensile characteristics.
In terms of End-User, global Impact Modifier market is classified into Packaging, Construction, Consumer Goods, Automotive, and others. Among these, construction is leading the segment which is growing at the highest rate due to infrastructure building across the developing nations.
In terms of geography, Asia-Pacific is dominating the segment due to acceptance of polymer products in emerging countries like China and India are driving the global Impact Modifier market.
Some of the key players in the Global Impact Modifier Market are E.I. Du Pont De Nemours & Co., Clariant AG, BASF SE, The Dow Chemical Company, Evonik Industries AG, Lanxess AG, Kaneka Corporation, Arkema, Akzo Nobel N.V., and Chemtura Corporation.
Scope of Global Impact Modifier Market
Global Impact Modifier Market by Type
Global Impact Modifier Market by End-User Industry
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Global Impact Modifier Market by Application
Global Impact Modifier Market by Geography
Middle East & Africa
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Key Players operating in Global Impact Modifier Market
E.I. Du Pont De Nemours & Co
Clariant AG, BASF SE
The DOW Chemical Company
Evonik Industries AG
Akzo Nobel N.V.
Akdeniz Kimya San. Ve Tic. A.S.
LG Chem Ltd.,
Mitsubishi Chemical Corporation
Shandong Rike Chemical Co.,Ltd
Mountaintop Polymer Co., Ltd
Guangzhou Wensu Additives Co., Ltd.
C – F Industries LLC
Kenrich Petrochemicals, Inc.
Plastic Service Centers Inc.
Wexford International Inc.
Sukano Polymers Corp.