Impact Modifiers Industry Trends, Revenue, Key Players, Growth, Share and Forecast Till 2028
The Global Impact Modifiers Market research study published by Emergen research is an extensive collection of insightful information about the Impact Modifiers industry. The report covers the Impact Modifiers Market segmentation along with a detailed outline of the Impact Modifiers market size with regards to volume and valuation. The report provides comprehensive coverage of the Impact Modifiers market scenario for the current period and forecast timeline of 2020-2028. The Impact Modifiers market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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. Impact modifiers (such as MBS impact modifiers) generally find application in rigid PVC products processing to produce products including sheets, pipes, food-packaging film, pharmaceutical blister packs, and bottles.
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The Global Impact Modifiers Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Impact Modifiers market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
The global Impact Modifiers market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Impact Modifiers sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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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.
- 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.
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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)
- Methyl Methacrylate Butadiene Styrene (MBS)
- Ethylene Propylene Diene Monomer (EPDM)
- Chlorinated Polyethylene (CPE)
- Glass Fiber
Application Outlook (Revenue, USD Million; 2018–2028)
- Polyvinyl Chloride (PVC)
- Engineering Plastics
Industry Vertical Outlook (Revenue, USD Million; 2018–2028)
- Consumer Goods
- Building Construction
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- South Africa
- Rest of MEA
The report addresses the following key points:
- The report estimates the expected market size from 2020-2028
- The report provides a forecast of market drivers, restraints, and future opportunities for the Impact Modifiers market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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