Impact Modifier Market

Global Impact Modifier Market Analysis and Opportunity Assessment by Type, Application, End-User Industry, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 2,256.3 Mn between 2022 and 2032

Category: Chemicals & Materials

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ID: CVC-00239

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 280

Global Impact Modifier Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Impact Modifier Market was worth US$ 3,678.0 Mn and is expected to grow at a CAGR of 4.9% over the forecast period. While the historical CAGR is 4.2%, the market is expected to hit US$ 5,934.3 Mn by 2032 end.

Impact modifiers are a class of chemicals used to increase the tensile strength of polymer compounds exposed to environmental pressures. They can be found as resins and are rubbery in texture. Impact modifiers absorb impact energy and increase the durability of the polymer compounds to which they have been introduced, thanks to their flexibility.

Manufacturers’ more streamlined and comprehensive product portfolio has encouraged end users to use impact modifiers. Furthermore, tailor-made offerings in the impact modifier product portfolio have enabled manufacturers to improve the impact modifier application portfolio. Weather testing of plastic additives such as impact modifiers during the production of performance materials has become more important than ever.

Weathering in-service failures, in which impact modifiers play a significant role, are becoming more common, particularly in the case of automotive plastics. Impact modifiers provided improved weatherability at a lower cost. Weathering-related failures are a particular concern for performance material manufacturers.

Market Dynamic

RISING DEMAND FOR PLASTICS AS RAW MATERIALS FUELS THE MARKET GROWTH

Due to constant innovation and the demand for lighter materials in many applications, plastic is increasingly displacing older materials. Impact modifiers, which improve the completed product’s mechanical and impact qualities and reduce its cycle time, are increasingly used in conjunction with polymers in manufacturing goods for several applications.

VOLATILITY IN THE PRICES WILL OBSTRUCT THE MARKET GROWTH

The price fluctuations of the raw materials needed to create polymers and the monomers used to make polymers place a considerable restraint on the market for impact modifiers. Changes in the price and quantity of crude oil must be considered while creating and utilizing these materials since monomers, products generated from crude oil, are used to make polymers.

Impact Modifier Market

Market Segments Covered in Report

By 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

By Application:

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

By End-User Industry:

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

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is PVC anticipated to grow throughout the forecast period?

Due to its broad application in numerous end-user sectors, including consumer products, packaging, automotive, and construction, the PVC segment is expected to dominate the market.

These polymer resins use the impact modifier as additives to increase toughness and flexibility to fulfill the physical qualities of rigid components. Additionally, it improves the toughness and impact resistance of molded and extruded plastics, particularly those used in harsh environments or under impact.

Impact modifier applications have various advantages, including superior weatherability, flammability, processability, optical, and tensile properties.

The segment’s expansion is primarily attributable to PVC’s low-cost and wide range of end-use sectors, including packaging, construction, automotive, and consumer products, as well as its easy availability.

The polyvinyl chloride (PVC) segment is anticipated to dominate the market based on the criteria above.

Why is there a huge demand for Packaging Segments during the forecast period?

In terms of revenue, packaging was the market’s largest end-use category. Due to its capacity to provide a perfect balance between crease-whitening resistance and clarity for packaging applications, the product is frequently employed in packaging applications. The market is expanding due to rising demand for food and pharmaceutical packaging. The packaging industry is also supporting this market expansion.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

  • North America is expected to be the largest and fastest-growing market, with a market share of 27.4% and the ability to provide the ideal balance of crease-whitening resistance and clarity for packaging applications due to rising demand for polymer products in various end-user industries in major economies. The rapid increase in the use of plastic packaging across many end-use industries is expected to drive demand for impact modifiers.
  • The Asia Pacific is anticipated to grow strongly over the projected period due to the increased demand for polymer products across various end-use sectors in important countries like China, India, and Japan. The area will likely dominate the market in terms of revenue over the anticipated period.

Competition Analysis

The effect modifier market is fragmented, with a handful of prominent businesses controlling a sizeable share of it. Industries start to suffer as economic activity slows. The market insight reports and intelligence services offered by DBMR take into account the expected effects of the economic slump on the pricing and accessibility of the items. With this help, our clients may frequently stay one step ahead of their rivals, forecast their sales and revenue, and determine their expenses for profit and loss.

The key developments in the Global Impact Modifier Market are:

  • In June 2020, Mitsui Chemicals and Prime Polymer, in which Mitsui Chemicals has a 65% share, teamed together to build a new polypropylene facility in the Netherlands. The factory’s 30,000 mt/year capacity is in operation. This extension was made to meet the growing demand for PP, which was needed to make components like bumpers and instrument panels lighter.
  • In September 2019, Arkema acquired its joint venture partner’s shareholding in Taixing Sunke Chemicals, making acrylic monomers in China. Due to the acquisition, Arkema is now the only shareholder in the company left.

A list of some of the key suppliers present in the market are:

  • Dow
  • LANXESS AG
  • Kaneka Corporation
  • Arkema
  • Mitsubishi Chemical Corporation
  • LG Chem.
  • Shandong Ruifeng Chemical Co., Ltd.
  • Mitsui Chemicals, Inc.
  • Wacker Chemie AG
  • Formosa Plastics Corporation
  • Sundown Polymers Co., Ltd.
  • SI Group, Inc.
  • Akdeniz Clemson
  • Endoor
  • Shandong Novista Chemicals Co., Ltd
  • Indofil Industries Limited.

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Type, Application, End-User Industry, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.9%.

Impact modifiers, which improve the completed product’s mechanical and impact qualities and reduce its cycle time, are increasingly used in conjunction with polymers in manufacturing goods for several applications.

Key Global Impact Modifier Market players are Dow, LANXESS AG, Kaneka Corporation, Arkema, Mitsubishi Chemical Corporation, LG Chem., Shandong Ruifeng Chemical Co., Ltd., Mitsui Chemicals, Inc., Wacker Chemie AG, Formosa Plastics Corporation, Sundown Polymers Co., Ltd., SI Group, Inc., Akdeniz Chemson, Endoor, Shandong Novista Chemicals Co., Ltd, Indofil Industries Limited

The price fluctuations of the raw materials needed to create polymers and the monomers used to make polymers place a considerable restraint on the market for impact modifiers.

North America is expected to account for the largest market revenue share in the Global Impact Modifier Market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modeling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Impact Modifier Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Impact Modifier Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Application W.R.T. Elemental Composition
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Material Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of Application
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Potential Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Elemental Composition Landscape
  10. Global Impact Modifier Market 2017 – 2032 by Type
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • 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
    • Market Attractiveness Analysis by Type
  11. Global Impact Modifier Market 2017 – 2032 by Application
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
      • Polyvinyl Chloride
      • Nylon
      • Polybutylene Terephthalate
      • Engineering Plastics
      • Other Applications
      • Non-Reactive Modified Polyolefin
      • Cross-Linked Polyacrylate
    • Attractiveness Analysis by Application
  12. Global Impact Modifier Market 2017 – 2032 by End-User Industry
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-User Industry [Value (US$ Mn) and Volume (Tons) Analysis]
      • Automotive
      • Construction
      • Consumer Goods
      • Packaging
      • Other End-user Industries
      • Agriculture
      • Pharmaceutical
      • Furniture
      • Sports
    • Attractiveness Analysis by End-User Industry
  13. Global Impact Modifier Market Historical Analysis 2017 – 2021 and Forecast 2023 – 2032by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  14. North America Protective Coatings Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Type
      • By Application
      • By End-User Industry
    • Market Attractiveness Analysis
      • By Country
      • By Type
      • By Application
      • By End-User Industry
  1. Latin America Protective Coatings Market Historical Analysis 2017 – 2021 and Forecast 2023 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Type
      • By Application
      • By End-User Industry
    • Market Attractiveness Analysis
      • By Country
      • By Type
      • By Application
      • By End-User Industry
  1. Europe Protective Coatings Market Historical Analysis 2017 – 2021 and Forecast 2023 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Type
      • By Application
      • By End-User Industry
    • Market Attractiveness Analysis
      • By Country
      • By Type
      • By Application
      • By End-User Industry
  1. Asia-Pacific Protective Coatings Market Historical Analysis 2017 – 2021 and Forecast 2023 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Type
      • By Application
      • By End-User Industry
    • Market Attractiveness Analysis
      • By Country
      • By Type
      • By Application
      • By End-User Industry
  1. Middle East Protective Coatings Market Historical Analysis 2017 – 2021 and Forecast 2023 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Type
      • By Application
      • By End-User Industry
    • Market Attractiveness Analysis
      • By Country
      • By Type
      • By Application
      • By End-User Industry
  1. Africa Protective Coatings Market Historical Analysis 2017 – 2021 and Forecast 2023 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Type
      • By Application
      • By End-User Industry
    • Market Attractiveness Analysis
      • By Country
      • By Type
      • By Application
      • By End-User Industry
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • Competition Dashboard
  3. Company Profiles
    • Dow
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • LANXESS AG
    • Kaneka Corporation
    • Arkema
    • Mitsubishi Chemical Corporation
    • LG Chem.
    • Shandong Ruifeng Chemical Co., Ltd.
    • Mitsui Chemicals, Inc.
    • Wacker Chemie AG
    • Formosa Plastics Corporation
    • Sundow Polymers Co., Ltd.
    • SI Group, Inc.
    • Akdeniz Chemson
    • Endoor
    • Shandong Novista Chemicals Co., Ltd
    • Indofil Industries Limited.
  4. Assumptions and Acronyms

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