Impact Modifier Market Is Expected To Touch New Height USD 5.11 Billion By 2025: Grand View Research, Inc.

Impact Modifier Market Is Expected To Touch New Height USD 5.11 Billion By 2025: Grand View Research, Inc.

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Rising demand from various end-use industries such as packaging, construction, automotive, and consumer goods is likely to augment the market in the forthcoming years.In addition, unavailability of close substitutes is anticipated to work in favor of the impact modifiers market.

According to a report, “Impact Modifier Market Size, Share & Trends Analysis Report By Application (Nylon, PVC, PBT, Engineering Plastics), By Product (AIM, ABS, MBS, CPE, EPDM, ASA), By End Use, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global impact modifier market size is expected to reach USD 5.11 billion by 2025, according to a new study by Grand View Research, Inc., exhibiting a CAGR of 5.8% during the forecast period. Surging demand for impact modifiers, particularly from the construction and automotive industries, is estimated to provide a fillip to the market during the forecast period.

 Impact modifiers find wide application in packaging, consumer goods, automotive, construction, and other industrial sectors. The packaging sector is the most prominent application segment for impact modifiers. They are used for clear packaging applications that offer an ideal balance between crease whitening resistance and clarity. Rapid increase in the usage of plastic packaging in various end-use industries such as industrial goods, personal care, food & beverage, and household products is projected to fuel growth prospects.

Further key findings from the repot suggest:

  • Asia Pacific dominated the overall impact modifier market in 2017. It is poised to post the highest CAGR of 6.4% in terms of value during the forecast period. Increasing demand from various end-use markets in the region, particularly in China and India, is expected to drive the market

  • ABS is the largest product segment in the market in terms of revenue in 2017. It is estimated to retain its position through 2025

  • PVC accounted for the largest application segment in 2017 on account of increasing applicability of PVC products in various end-use markets

  • Packaging was estimated to be the largest end-use segment in the market in 2017 owing to spiraling demand for food and pharmaceutical packaging.

 U.S. impact modifier market

PVC application will continue to provide substantial growth opportunities for the impact modifier market over the forecast period. Easy and low-cost availability is likely to boost the demand for the product in PVC applications over the forecast period. Engineering plastics will also be a promising application segment for the product.

Rising demand from major economies in Asia Pacific such as China and India in various end-use industries is anticipated to help the market gain momentum over the forecast period. However, volatility in raw material prices is posing a challenge to the growth of the market at global level. Furthermore, slow economic recovery and increasing environmental concerns are limiting the market from realizing its utmost potential.

Application Insights

PVC application will lead the impact modifiers market throughout the forecast horizon and is projected to hold over three quarters of the overall revenue by 2025. Easy and low-cost availability is likely to contribute to the growth of the segment. Moreover, increasing applications of PVC products in various industries are anticipated to boost overall market growth during the same period.

Global impact modifier market

The PBT segment is also poised to experience healthy growth in terms of revenue during the same period. Impact modifier enhances impact strength of PBT compounds while improving hydrolysis resistance and maintaining other properties for higher product quality. It provides super tough impact resistance while improving hydrolysis.

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Grand View Research has segmented the global impact modifier market on the basis of product, application, end-use, and region:

Impact Modifier Products Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • AIM

  • ABS

  • MBS

  • CPE

  • EPDM

  • ASA

  • Others

Impact Modifier Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • PVC 

  • Engineering Plastics 

  • PBT 

  • Nylon

  • Others

Impact Modifier End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Packaging 

  • Construction 

  • Consumer Goods 

  • Automotive 

  • Others

Impact Modifier Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.


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