Impact Modifiers Market Predictable to Witness Sustainable Evolution Over 2027

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.

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Competitive Outlook:

The latest research report offers key insights into the strengths and weaknesses of the prominent players using SWOT and Porter’s Five Forces analyses. Market segmentation based on product type, application spectrum, and key regions has been included in the report. The investigative study accurately estimates the market size, market share, and revenue generation over the projected timeframe.

Key players in the market include 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.

Some Key Highlights in 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.

· 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.

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)

o Acrylonitrile Butadiene Styrene (ABS)

o Acrylonitrile Styrene Acrylate (ASA)

o Acrylic

o Methyl Methacrylate Butadiene Styrene (MBS)

o Ethylene Propylene Diene Monomer (EPDM)

o Chlorinated Polyethylene (CPE)

o Glass Fiber

o Others

· Application Outlook (Revenue, USD Million; 2018–2028)

o Polyvinyl Chloride (PVC)

o Polyamide

o Polyesters

o Engineering Plastics

o Others

· Industry Vertical Outlook (Revenue, USD Million; 2018–2028)

o Packaging

o Consumer Goods

o Building & Construction

o Automotive

o Pharmaceutical

o Others

Regional Landscape:

The report offers a comprehensive analysis of the current growth opportunities for various regions of the Impact Modifiers market, calculating their revenue share over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include:

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East & Africa

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Key Questions Addressed:

1. What is the estimated value of the global Impact Modifiers market by the end of the forecast period?

2. What are the fundamental factors propelling the growth of the global Impact Modifiers market?

3. Which are the leading regions in the Impact Modifiers market with the highest market shares?

4. Which regional segment is likely to record the highest CAGR during the forecast duration?

5. What are their strengths and weaknesses of the leading companies in this market?

Table of Content:

Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020-2028 Chapter 3. Key Insights Chapter 4. Impact Modifiers Market Segmentation & Impact Analysis 4.1. Impact Modifiers Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers’ analysis 4.2.2.1. Surging demand for engineering plastics from the automotive industry 4.2.2.2. Growing demand for PVC 4.2.2.3. Growing demand for polyester in the textile industry 4.2.2.4. Growth of the packaging industry 4.2.3. Market restraints analysis 4.2.3.1. Fluctuating price of raw materials 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis

CONTINUED…!

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