What Fueled The Previous Growth In The Impact Modifiers Market?
The impact modifiers market has seen considerable growth due to a variety of factors.
• The market size of impact modifiers has shown remarkable growth in the past few years. The market is expected to escalate from $4.61 billion in 2024 to $5.02 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.0%.
Factors contributing to the historical period's growth include the expansion of the polymer industry, surge in material reinforcement, amplified automotive applications, and an upswing in the demand for both automotive applications and the construction sector.
What Is The Expected Growth In The Impact Modifiers Market Size?
The impact modifiers market is expected to maintain its strong growth trajectory in upcoming years.
• The market for impact modifiers is predicted to experience substantial expansion in the forthcoming years, reaching a value of $7.26 billion by 2029 with a 9.7% compound annual growth rate (CAGR).
This projected growth throughout the forecasted period is associated with factors such as enhanced sustainability and recycling efforts, infrastructural development, the rise of healthcare and medical devices, evolving regulatory changes, and the increasing prominence of electric and autonomous vehicles. Key trends anticipated to influence the market within the same period consist of bio-based impact modifiers, heightened usage in plastics, the incorporation of nanotechnology, modifications in engineering plastics, and high-performance modifiers.
What Main Forces Are Fueling Expansion In The Impact Modifiers Market?
The surge in the need for impact modifiers within the construction sector is anticipated to propel the growth of the impact modifiers market. The escalating utilization of engineering plastics and PVC products like pipes, fittings, wires, cables, rigid sheets, panels, and bottles within the construction realm adds to the overall growth surge of impact modifiers. For instance, the Office for National Statistics, a UK-based statistical body, reported in November 2022 that the monthly construction output, in volume terms, had a 0.4% growth in August 2022. This marked the second consecutive increase following the upwardly revised 0.1% hike in July 2022. On account of the level terms, August 2022 held the second-highest monthly value (El 5,011 million) after May 2022, which holds the top spot. Consequently, the upward tick in construction activities has amplified the demand in the impact modifier market.
What Are The Primary Segments In The Global 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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Which Key Trends Are Driving Changes In The Impact Modifiers Market?
Key industry players in the impact modifiers sector are developing innovative products like Polyphenylene Sulfide (PPS), which boasts considerable chemical resistance and thermal balance, thereby improving the efficacy and durability of multiple materials in strenuous applications. Polyphenylene Sulfide (PPS) is a robust thermoplastic polymer recognized for its exceptional chemical resilience, heat resistance, and mechanical dynamics. For example, in March 2023, SK Functional Polymer, a plastic resin manufacturer from France, introduced the Lotader AX impact modifiers, such as Lotader AX8750 and AX8930. These are reactive terpolymers designed to enhance the processing and impact resilience of Polyphenylene Sulfide (PPS) compounds. Lotader AX8750 is made up of ethylene, butyl acrylate, and glycidyl methacrylate. In contrast, Lotader AX8930 is made to preserve fluidity while offering excellent impact resistance.
Who Are the Key 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 Is The Most Dominant Region In The Impact Modifiers Market?
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.
