Vancouver, BC -- (SBWire) -- 05/07/2021 --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.
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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.
Impact modifiers market in Asia Pacific registered the fastest revenue growth rate in 2020 and is expected to maintain this trend during the forecast period. Increasing demand for high-impact plastic compounds in industries such as automotive and packaging and presence of leading market players in the region are key factors driving market growth. In addition, rising disposable income and surging demand for consumer goods is supporting demand for impact modifiers in countries in Asia Pacific.
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.
Product Type Outlook (Revenue, USD Million; 2018–2028)
Acrylonitrile Butadiene Styrene (ABS)
Acrylonitrile Styrene Acrylate (ASA)
Acrylic
Methyl Methacrylate Butadiene Styrene (MBS)
Ethylene Propylene Diene Monomer (EPDM)
Chlorinated Polyethylene (CPE)
Glass Fiber
Others
Application Outlook (Revenue, USD Million; 2018–2028)
Polyvinyl Chloride (PVC)
Polyamide
Polyesters
Engineering Plastics
Others
Industry Vertical Outlook (Revenue, USD Million; 2018–2028)
Packaging
Consumer Goods
Building & Construction
Automotive
Pharmaceutical
Others
The study dives deep into the profiles of top market players and their key financials. This comprehensive report is not only for business analysts and any existing and new entrant can use it when designing their business strategies. The research is one of its kind global analyses of aspects such as import and export status, supply chain management, profit and gross margin worldwide for the forecast period 2020 - 2027. Extensive coverage of statistics associated with recent events including acquisition and mergers and strengths and weaknesses of a company forms an important part of the study on the Impact Modifiers market.
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- Head CT Scan
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- Chest Imaging
- Cardiovascular
- Colonography
Technique
- X-rays
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Positron Emission Tomography (PET)
- Ultrasound
- Others
Application
- Computer-aided Detection
- Computer-aided Diagnosis
- Quantitative Analysis Tools
- Clinical Decision Support
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Impact Modifiers market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Impact Modifiers market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Impact Modifiers market growth worldwide?
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Table of Content
Chapter 1. Impact Modifiers Market Methodology & Sources
1.1. Impact Modifiers Market Definition
1.2. Impact Modifiers Market Research Scope
1.3. Impact Modifiers Market Methodology
1.4. Impact Modifiers Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Impact Modifiers Market Key Insights
Chapter 4. Impact Modifiers Market Segmentation & Impact Analysis
Chapter 5. Impact Modifiers Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Impact Modifiers Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Impact Modifiers Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Impact Modifiers Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Impact Modifiers Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
Impact Modifiers Market Business Strategy, Overview, Competitive Strategies and Forecasts 2020 - 2028
The study methodologies used to examine the Impact Modifiers market for the forecast period, 2020 - 2028 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.