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How Is the Impact Modifiers Market Projected to Grow in the Coming Years?
The global impact modifiers market has shown strong growth in recent years. The market size is expected to grow from $4.61 billion in 2024 to $5.02 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to the expansion of the polymer industry, a rise in material reinforcement, increased automotive applications, and a surge in demand from the construction sector.
The impact modifiers market size is projected to see continued strong growth in the next few years, reaching $7.26 billion in 2029 at a CAGR of 9.7%. This growth in the forecast period is expected to be driven by increased focus on sustainability and recycling, rising infrastructure development, growth in healthcare and medical devices, regulatory changes, and an upward trend in electric and autonomous vehicles. Major trends during the forecast period include bio-based impact modifiers, increased use in plastics, the integration of nanotechnology, engineering plastics modification, and high-performance modifiers.
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What Factors Are Driving the Growth of the Impact Modifiers Market?
The growth of the impact modifiers market is attributed to the increase in demand in the construction industry. The construction industry’s use of engineering plastics, PVC such as pipes and fittings, wires and cables, rigid sheets and panels, and bottles is boosting the market for impact modifiers. For instance, the Office for National Statistics reported that in November 2022, there was increased construction output, including two consecutive increases in August and July 2022. Therefore, the rise in construction activities has bolstered the demand for the impact modifier market.
What Are The Prominent Segments in The Impact Modifiers Global Market?
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
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Who Are The Major Players in The Impact Modifiers Market?
Major companies operating in the impact modifiers market include 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.
What Are The Emerging Trends in The Impact Modifiers Industry?
Leading companies in the impact modifiers market are innovatively advancing products such as Polyphenylene Sulfide (PPS), which provides excellent chemical resistance and thermal stability, enhancing the performance and durability of various materials in demanding applications.
Which Region Holds the Largest Share in The Impact Modifiers Market?
Asia-Pacific was the largest region in the impact modifiers market in 2024 and is expected to continue its growth in the forecast period.
What Does The Impact Modifiers Market Offer?
The Impact Modifiers Market outlines the growth of the impact modifiers market for polyvinyl chloride (PVC), engineering plastics, and epoxy resins. These are important additives that increase flexibility, improve durability and meet the physical property requirements of rigid parts. They are added to compounded materials to enhance the durability and toughness of plastic. The Impact Modifiers Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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