Impact Modifiers Global Market Report 2024 by The Business Research Company | 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

The impact modifiers market size has grown strongly in recent years. It will grow from $4.24 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. 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 $6.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. 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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Impact Modifiers Market Major Segments
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

Key Driver - Increased Construction Activities Drive Demand For Impact Modifiers Market

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 since records began in January 2010 (El 5,035 million). Therefore, the rise in construction activities boosted the demand for the impact modifier market.

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Prominent Trend - Major Impact Modifier Companies Innovate Biobased Solutions For Sustainability

Major companies operating in the impact modifier market are focused on innovating sustainable solutions, such as biobased impact modifiers, to gain a competitive edge in the market. Biobased impact modifiers are environmentally friendly and sustainable. They are made from renewable raw materials, which reduces the carbon footprint of the manufacturing process. For instance, in May 2021, ADBioplastics, a Spain-based biodegradable and compostable material manufacturer, launched its additive ADBio PLA+, a biobased and compostable impact modifier to improve the resistance of virgin PLA (polylactic acid). With this additive, elongation at break is improved by 7 times compared to conventional PLA. The additive also improves processability (cycle times and density comparable to PET), barrier properties in oxygen and water vapor, and transparency. ADBio PLA+ is a biobased impact modifier that will revolutionize the normal biopolymer so that it is not so fragile and brittle in extrusion and injection applications.

Impact Modifiers Market Players
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.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the impact modifiers market in 2023. 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Impact Modifiers Market Report Structure
3. Impact Modifiers Market Trends And Strategies
4. Impact Modifiers Market - Macro Economic Scenario
5. Impact Modifiers Market Size And Growth
…..
27. Impact Modifiers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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