According to TechSci Research report, “Global Impact Modifier Market By Type, By Host Polymer, By End User, By Region, Competition, Forecast & Opportunities, 2025”, the global impact modifier market is forecast to surpass $ 1.5 billion by 2025, driven by the rising demand from end user industries including construction, automotive, packaging and consumer goods. In 2020, consumption of impact modifiers is expected to significantly decline on account of declining demand from various end-use sectors due to the impact of COVID-19 pandemic. All the major end user sectors are being hit in an unprecedented way by the spread of COVID-19, thus resulting in decline in demand for impact modifiers.
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The global impact modifier market is segmented based on type of impact modifier, host polymer, end user, and region. In terms of different types of impact modifiers, Acrylic (AIM - Acrylic Impact Modifiers) are forecast to continue their market dominance, followed by CPE (Chlorinated Polyethylene), ABS (Acrylonitrile Butadiene Styrene), MBS (Methacrylate-Butadiene- Styrene) and EPDM (Ethylene Propylene Diene Monomer). Based on end user segmentation, the market can be fragmented into construction, automotive, packaging, consumer goods and others. The construction segment is expected to continue its dominance in the global impact modifier market, followed by automotive, packaging and consumer goods end use segments. Among all the host polymer segments, PVC and PMMA dominate the market, and this trend is expected to continue during the forecast period.
Asia Pacific is expected to continue its dominance in the global impact modifier market through 2025. Major players operating in the global impact modifier market are Arkema Inc., Akzo Nobel N.V, The Dow Chemical Company, Dupont De Nemours, Inc, Formosa Plastics Corporation, Chemtura Corporation, Kaneka Corporation, LG Chemical Ltd., Mitsubishi Chemical Corporation, Shandong Rulfeng Chemical Co., Ltd and others.
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“Asia Pacific is expected to dominate the impact modifier market during the forecast period, owing to consistent growth in end user industries across the region. Additionally, China is and will remain among the largest suppliers of impact modifiers. Furthermore, the key manufacturers operating in the market are focusing on expanding their business in the region, which is expected to positively impact the market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Impact Modifier Market By Type, By Host Polymer, By End User, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global impact modifier market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global impact modifier market.
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