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Global Impact Modifier Market - Industry Trends and Forecast to 2029

Chemical and Materials

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Global Impact Modifier Market - Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Impact Modifier Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 4.12 USD Billion
Diagram Market Size (Forecast Year) USD 6.39 USD Billion
Diagram CAGR %

Major Markets Players

  • Dow
  • LANXESS AG
  • Kaneka Corporation
  • Arkema
  • Mitsubishi Chemical Corporation

Global Impact Modifier Market, By Type (Acrylonitrile Butadiene Styrene, Acrylic Impact Modifiers, Acrylonitrile Styrene Acrylate, Methacrylate-Butadiene-Styrene, Ethylene Propylene Diene Monomer, Chlorinated Polyethylene, and Other Types), Application (Polyvinyl Chloride, Nylon, Polybutylene Terephthalate, Engineering Plastics, and Other Applications), End-user Industry (Automotive, Construction, Consumer Goods, Packaging, and Other End-user Industries) – Industry Trends and Forecast to 2029.

Impact Modifier Market

Impact Modifier Market Analysis and Size

A class of chemicals known as impact modifiers aids in boosting the durability of polymer compounds. They are accessible as resins and have a rubbery texture. When impact modifiers are added to polymer compounds, their elastic nature makes the compounds more durable. In addition to these, impact modifiers enhance weather ability, optical and tensile characteristics, process ability, heat distortion, and flammability.

Global impact modifier market was valued at USD 4.12 billion in 2021 and is expected to reach USD 6.39 billion by 2029, registering a CAGR of 5.63% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Impact Modifier Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Acrylonitrile Butadiene Styrene, Acrylic Impact Modifiers, Acrylonitrile Styrene Acrylate, Methacrylate-Butadiene-Styrene, Ethylene Propylene Diene Monomer, Chlorinated Polyethylene, and Other Types), Application (Polyvinyl Chloride, Nylon, Polybutylene Terephthalate, Engineering Plastics, and Other Applications), End-user Industry (Automotive, Construction, Consumer Goods, Packaging, and Other End-user Industries)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Dow (U.S.), LANXESS AG (Germany), Kaneka Corporation (Japan), Arkema (France), Mitsubishi Chemical Corporation (Japan), LG Chem. (South Korea), Shandong Ruifeng Chemical Co., Ltd. (China), Mitsui Chemicals, Inc. (Japan), Wacker Chemie AG (Germany), Formosa Plastics Corporation (Taiwan), Sundow Polymers Co., Ltd. (China), SI Group, Inc. (US), Akdeniz Chemson (Turkey), ), Endoor (China), Shandong Novista Chemicals Co.,Ltd. (China), and Indofil Industries Limited. (India) among many others.

 Market Opportunities

  • Growing demand from the automotive industry
  • Increasing applicability of PVC products in various end-use industries

Market Definition

Impact modifiers increase the toughness and durability of plastic resins, especially those employed in cold-weather or impact-prone environments. They compensate for notch sensitivity, fracture propagation, and inherent brittleness or embrittlement that occurs at subzero temperatures.

Global Impact Modifier Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Rising demand for plastics as raw materials

Plastic is replacing traditional materials more and more as a result of ongoing innovation and the need for lighter materials in many applications. The use of impact modifiers, which enhance the mechanical and impact properties of the finished product and shorten its cycle time, has increased along with the consumption of polymers in the production of goods for a variety of applications.  

  • Opportunities presented by infrastructure development

Recently, the IT industry has expanded significantly, particularly in industrialized and developing economies. Due to infrastructure expansion, there is an increase in the need for office equipment and items with effect modifiers, such as computers, storage batteries, communication devices, switchgear, and switchboard apparatus. The market for impact modifiers is expanding significantly due to this development.

Opportunities

  • Growth and expansion

Growth and expansion of the construction industry especially in the developing economies will present very many opportunities for the growth of the market. Keeping up with advancements in manufacturing/ production technology may also be beneficial for the market as a whole.

Restraints/Challenges  

  • Volatility in the prices will obstruct the growth

The market for impact modifiers is significantly constrained by fluctuations in the price of the raw materials required to make polymers and the monomers that are used to make polymers. Because monomers, which are products made from crude oil, are used to make polymers, changes in the price and supply of crude oil must be taken into account when producing and using these materials.

  • Rising environmental concerns will impede the growth

Building contractors are now focusing on sustainable or green building designs rather than traditional ones in order to produce commercial structures that are energy efficient due to the growing environmental concerns. The US Green Building Council has created laws that forbid the use of PVC in green structures.

This impact modifier market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the impact modifier market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Impact Modifier Market

The supply chain had been hampered by COVID-19, which had also caused a shortage of raw materials and a labor shortage, which had hindered market expansion. The pandemic-related lockdown in major nations has also resulted in the closure of the factories that make plastic goods. The COVID-19 pandemic has had a negative effect on the world's construction industry and has changed the availability and cost of labor and materials, which are the two main cost factors in building projects. Additionally, the construction industry's value chain has been impacted by disruption in the transportation sector, which has an impact on the market for impact modifiers.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In order to construct a new polypropylene facility in the Netherlands, Mitsui Chemicals and Prime Polymer—in which Mitsui Chemicals owns a 65% stake—joined forces in June 2020. Operations at the factory, which has a 30,000 mt/year capacity, started in June 2020. The goal of this expansion was to address the rising demand for PP in order to lighten bumpers, instrument panels, and other components.
  • In Taixing Sunke Chemicals, its joint venture that produces acrylic monomers in China, Arkema successfully bought its partner's interest in September 2019. As a result of the acquisition, Arkema is the only shareholder left in the business.

Global Impact Modifier Market Scope

The impact modifier market is segmented on the basis of type, application and end-user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Acrylonitrile Butadiene Styrene
  • Acrylic Impact Modifiers
  • Acrylonitrile Styrene Acrylate
  • Methacrylate-Butadiene-Styrene
  • Ethylene Propylene Diene Monomer
  • Chlorinated Polyethylene
  • Other Types
  • Glass Fiber
  • Epoxy Resin
  • Polyolefin

Application

  • Polyvinyl Chloride
  • Nylon
  • Polybutylene Terephthalate
  • Engineering Plastics
  • Other Applications
  • Non-Reactive Modified Polyolefin
  • Cross-Linked Polyacrylate

End-user Industry

  • Automotive
  • Construction
  • Consumer Goods
  • Packaging
  • Other End-user Industries
  • Agriculture
  • Pharmaceutical
  • Furniture
  • Sports

Impact Modifier Market Regional Analysis/Insights

The impact modifier market is analyzed and market size insights and trends are provided by country, type, application and end-user industry as referenced above.

The countries covered in the impact modifier market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As a result of the growth of several end-use industries, including packaging and construction, as well as the rising demand for polymer products across a range of end-use industries in significant economies like India, China, and Japan, North America currently holds a monopoly on the global market for impact modifiers.

As a result of the rising demand for polymer goods across a range of end-use sectors in key nations like China, India, and Japan, Asia Pacific is expected to experience strong expansion over the forecast period. Throughout the projected horizon, the region is probably going to lead the market in terms of revenue.  

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Impact Modifier Market Share Analysis

The impact modifier market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to impact modifier market.

Some of the major players operating in the impact modifier market are

  • Dow (U.S.)
  • LANXESS AG (Germany)
  • Kaneka Corporation (Japan)
  • Arkema (France)
  • Mitsubishi Chemical Corporation (Japan)
  • LG Chem. (South Korea)
  • Shandong Ruifeng Chemical Co., Ltd. (China)
  • Mitsui Chemicals, Inc. (Japan)
  • Wacker Chemie AG (Germany)
  • Formosa Plastics Corporation (Taiwan)
  • Sundow Polymers Co., Ltd. (China)
  • SI Group, Inc. (US)
  • Akdeniz Chemson (Turkey)
  • Endoor (China)
  • Shandong Novista Chemicals Co.,Ltd. (China)
  • Indofil Industries Limited. (India)


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The global impact modifier market is expected to show a value of USD 6.39 billion by 2029.
The impact modifier market is estimated to register a CAGR of 5.63% within the forecast period.
On the basis of application, the Impact Modifier Market is segmented into Polyvinyl Chloride, Nylon, Polybutylene Terephthalate, Engineering Plastics, and Other Applications.
The major players operating in the Impact Modifier Market are Dow (U.S.), LANXESS AG (Germany), Kaneka Corporation (Japan), Arkema (France), Mitsubishi Chemical Corporation (Japan), LG Chem. (South Korea), Shandong Ruifeng Chemical Co., Ltd. (China), Mitsui Chemicals, Inc. (Japan), Wacker Chemie AG (Germany), Formosa Plastics Corporation (Taiwan), Sundow Polymers Co., Ltd. (China), SI Group, Inc. (US), Akdeniz Chemson (Turkey), ), Endoor (China), Shandong Novista Chemicals Co.,Ltd. (China), and Indofil Industries Limited. (India) among many others.
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