The Business Research Company’s report on the Impact Modifiers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the impact modifiers industry?
The increase in demand for impact modifiers in the construction industry is expected to drive the growth of the impact modifiers market. The growth in the usage of engineering plastics, PVC such as pipes and fittings, wires and cables, rigid sheets and panels, and bottles that are used in the construction industry is contributing to the growth of impact modifiers. For instance, in November 2022, according to the Office for National Statistics, a UK-based statistics authority, in volume terms, monthly construction output increased by 0.4% in August 2022, the second consecutive increase after July 2022’s upwardly revised increase to 0.1%; in level terms, August 2022 is the second-highest monthly value (El 5,011 million), with May 2022 continuing to be at the highest level. Therefore, the rise in construction activities boosted the demand for the impact modifier market.
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What is the estimated market size of the impact modifiers sector by 2029, based on current forecasts?
The impact modifiers market size has grown strongly in recent years. It will 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 polymer industry growth, rise in material reinforcement, increased automotive applications, rise in demand for automotive applications, rise in demand for construction sector.
The impact modifiers market size is expected to see strong growth in the next few years. It will grow to $7.26 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increasing sustainability and recycling, rising infrastructure development, rising healthcare and medical devices, increasing regulatory changes, rising growth in electric and autonomous vehicles. Major trends in the forecast period include bio-based impact modifiers, increased use in plastics, nanotechnology integration, engineering plastics modification, high-performance modifiers.
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#Who are the top 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 major trends in the impact modifiers market?
Major companies operating in the impact modifiers market are innovating advanced products such as Polyphenylene Sulfide (PPS), which provides exceptional chemical resistance and thermal stability, enhancing the performance and durability of various materials in demanding applications. Polyphenylene Sulfide (PPS) is a high-performance thermoplastic polymer known for its excellent chemical resistance, thermal stability, and mechanical properties. For instance, in March 2023, SK Functional Polymer, a France-based plastic resin manufacturer launched Lotader AX impact modifiers such as Lotader AX8750 and AX8930. Lotader AX8750 and AX8930 impact modifiers are reactive terpolymers that improve the processability and impact resistance of Polyphenylene Sulfide (PPS) compounds. Lotader AX8750 is composed of ethylene, butyl acrylate, and glycidyl methacrylate. Lotader AX8930 is formulated to maintain fluidity while providing good impact resistance.
Which geography holds the highest impact modifiers market share?
Asia-Pacific was the largest region in the impact modifiers market in 2024. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the impact modifiers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How do different segments contribute to the overall expansion of the impact modifiers market?
The impact modifiers market covered in this report is segmented –
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
Subsegments:
1) By AIM (Acrylic Impact Modifiers): Liquid AIM, Solid AIM
2) By ABS (Acrylonitrile Butadiene Styrene): High-Impact ABS, Low-Impact ABS
3) By MBS (Methyl Methacrylate Butadiene Styrene): MBS Powder, MBS Resin
4) By CPE (Chlorinated Polyethylene): High-Density CPE, Low-Density CPE
5) By EPDM (Ethylene Propylene Diene Monomer): EPDM Rubber, EPDM Grafted Copolymers
6) By ASA (Acrylonitrile Styrene Acrylate): ASA Resin, ASA Blends
7) By Other Types: TPU (Thermoplastic Polyurethane), PA (Polyamide) Modifiers, Other Specialty Impact Modifiers
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How is the impact modifiers market defined, and what are its core characteristics?
The impact modifiers manufacture impact modifiers for polyvinyl chloride (PVC), engineering plastics, and epoxy resins. Impact modifiers are the key additives for increasing flexibility, improving durability, and meeting the physical property requirements of rigid parts. They are added to compounded materials to improve the durability and toughness of plastic resins.
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