Impact modifiers are a group of additives which are used to enhance the strength of polymer compounds which are subject to weather forces. They are available as resins and have a rubbery nature. The elasticity helps impact modifiers to absorb the energy of the impact and make polymer compounds more durable in which they incorporated. The impact modifiers market is segmented into product type, applications and end use. On the basis of product type, the impact modifiers market is segmented into ABS impact modifier, EPDM impact modifier, MBS impact modifier, ASA impact modifier, AIM impact modifier and CPE impact modifier.
On the basis of application, the impact modifier market is segmented into PVC, Nylon, PBT and engineering plastic. In terms of volume, ABS impact modifier constitutes a much larger share in the impact modifier market than the rest segments. Increasing demand for high performance plastics is a major factor driving demand for impact modifiers worldwide.
While this is expected to further exert significant pressure on an already strained public transport infrastructure globally, increasing demand is expected to contribute significantly to growth of the global impact modifiers market over the forecast period, attributed primarily to increasing willingness of urban consumers to spend on premium quality vehicles and accessories such as safety add-ons, and exterior and interior products, which are incorporated with impact modifiers.
In Asia Pacific region, specifically China and India, a significantly large customer base presents manufacturers of impact modifiers with a significant potential. In addition, the number of nuclear families in urban areas in various countries in APAC is increasing, which is a factor fueling demand for automobiles, which is an indirect factor directly impacting the growth of the impact modifiers market. In both the countries, presence of a large working age population, particularly the younger generation, is driving demand for cars (Average age at which cars are purchased in India was 39 in 2000, 36 in 2005, 33 in 2010 and 30 in 2015).
The demand for individual vehicles is increasing in both these countries. Moreover, rising per capita and disposable incomes along with China’s and India’s changing demographic distribution are positively affecting the growth of the automobile segment which indirectly demands the utilization of impact modifiers.
In terms of value, the global impact modifier market is expected to represent an incremental opportunity of US$ 171.6 Mn by 2018 end over 2017. By product type, the MBS impact modifier segment is expected to register a CAGR of 6.0 % in the impact modifier market. The Middle East & Africa region is expected to register relatively sluggish growth in the impact modifier market.
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The IT sector has been witnessing substantial growth in the recent past, especially in developed and developing economies. This is resulting in increasing office space owing to infrastructure development, which is driving demand for office equipment and products incorporated with impact modifiers such as computers, storage batteries, communication equipment, and switchgear and switchboard apparatus. This development is voluminously driving the growth of the impact modifiers market.
The number of malls globally have doubled over past 5 years (2010-15) with electronic megastores such as Croma, Next, Reliance Digital etc. in India, Virgin Megastore, Saturn, Euronics in Europe, Best Buy, Suning in China, CDW Corporation, Apple Computer retail stores, Staples in the U.S. This has proved to be the perfect platform for companies to showcase their impact modifiers product range and create a wider consumer base in impact modifier market.
Engineering plastics costs higher than commodity plastics due to the addition of impact modifiers and various other processing and enhanced properties.
High cost of impact modifiers employed while manufacturing or processing of engineering plastics impacts final cost of engineering plastics available in market. For example, in the case of ABS impact modifier, benzene is the key ingredient in the manufacture of styrene, whose price fluctuation will directly affect ABS impact modifier cost in the impact modifier market.
As impact modifiers are part of plastic processing, manufacturers from developing countries in Asia such as India and Thailand do not have the processing capacity when compared to those in Europe. This is due to limited availability of latest technologies and machinery with high processing speeds, which are very essential in the impact modifiers market. This is one of the key reasons for manufacturing cost being on the higher side in the impact modifier market.
On the basis of region, the market in China is anticipated to dominate the global impact modifiers market in 2018. China is expected to gain significant market share in revenue terms by 2028 end. The China market for impact modifiers is expected to expand at a CAGR of 7.0% between 2018 and 2028.
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Global Impact Modifier Market – By Product Type
Global Impact Modifier Market – By Application
Global Impact Modifier Market – By End Use
Global Impact Modifier Market – By Region
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Demand for impact modifier is anticipated to grow at a CAGR of 6% through 2032.
Increasing office space owing to infrastructure development is driving demand for office equipment and products incorporated with impact modifiers.
The market is currently at a valuation of about US$ 216.64 Mn.
The Asia Pacific is the leading contributor of the impact modifier market.
1. Executive Summary 1.1. Market Overview 1.2. Market Analysis 1.3. FMI Analysis and Recommendations 1.4. Opportunity Matrix 2. Market Introduction 2.1. Market Definition 2.2. Market Taxonomy 3. Impact Modifiers Market Background 3.1. Macro-Economic Factors 3.2. Opportunity Analysis 3.3. Global Economic Outlook 3.4. Regulatory Scenario 3.5. Value Chain Analysis 3.6. Market Dynamics 3.6.1. Drivers 3.6.2. Restraints 3.6.3. Trends 3.7. Forecast Factors – Relevance and Impact 4. Global Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 4.1. Market Volume (Metric Tons) Projections 4.2. Market Size (US$ Mn) Projections 4.2.1. Y-o-Y Projections 4.2.2. Absolute $ Opportunity Analysis 5. Global Impact Modifiers Market Pricing Analysis 5.1. Regional Average Pricing Analysis 5.1.1. North America 5.1.2. Latin America 5.1.3. Western Europe 5.1.4. Eastern Europe 5.1.5. SEA & REST OF APAC 5.1.6. Japan 5.1.7. China 5.1.8. Middle East & Africa 5.2. Pricing Analysis, By Product Type 6. Global Impact Modifiers Market Analysis and Forecast, By Region 6.1. Introduction 6.1.1. Market Value Share Analysis By Region 6.1.2. Y-o-Y Growth Analysis By Region 6.2. Historical Market Size (US$ Mn) and Volume By Region, 2013–2017 6.3. Market Size (US$ Mn) and Volume Forecast By Region, 2018-2028 6.3.1. North America 6.3.2. Latin America 6.3.3. Western Europe 6.3.4. Eastern Europe 6.3.5. SEA & REST OF APAC 6.3.6. Japan 6.3.7. Middle East & Africa 6.4. Market Attractiveness Analysis By Region 7. Global Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028, by Product Type 7.1. Introduction 7.1.1. Market Value Share Analysis By Product Type 7.1.2. Y-o-Y Growth Analysis By Product Type 7.2. Historical Market Size (US$ Mn) and Volume By Product Type, 2013–2017 7.3. Market Size (US$ Mn) and Volume Forecast By Product Type, 2018-2028 7.3.1. ABS Impact Modifier 7.3.2. EPDM Impact Modifier 7.3.3. MBS Impact Modifier 7.3.4. ASA Impact Modifier 7.3.5. AIM impact Modifier 7.3.6. CPE Impact Modifier 7.4. Market Attractiveness Analysis By Product Type 8. Global Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028, by Application 8.1. Introduction 8.1.1. Market Value Share Analysis By Application 8.1.2. Y-o-Y Growth Analysis By Application 8.2. Historical Market Size (US$ Mn) and Volume By Application, 2013–2017 8.3. Market Size (US$ Mn) and Volume Forecast By Application, 2018-2028 8.3.1. PVC 8.3.2. Nylon 8.3.3. PBT 8.3.4. Engineering Plastic 8.4. Market Attractiveness Analysis By Application 9. Global Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028, by End Use 9.1. Introduction 9.1.1. Market Value Share Analysis By Application 9.1.2. Y-o-Y Growth Analysis By Application 9.2. Historical Market Size (US$ Mn) and Volume By End Use, 2013–2017 9.3. Market Size (US$ Mn) and Volume Forecast By End Use, 2018-2028 9.3.1. Packaging 9.3.2. Construction 9.3.3. Consumer Goods 9.3.4. Automotive 9.4. Market Attractiveness Analysis By End Use 10. North America Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 10.1. Introduction 10.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017 10.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028 10.3.1. By Country 10.3.1.1. U.S. 10.3.1.2. Canada 10.3.2. By Product Type 10.3.3. By Application 10.3.4. By End Use 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Product Type 10.4.3. By Application 10.4.4. By End Use 10.5. Drivers and Restraints: Impact Analysis 10.6. Key Participants Market Presence Intensity Mapping 11. Latin America Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 11.1. Introduction 11.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017 11.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Rest of Latin America 11.3.2. By Product Type 11.3.3. By Application 11.3.4. By End Use 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Product Type 11.4.3. By Application 11.4.4. By End Use 11.5. Drivers and Restraints: Impact Analysis 11.6. Key Participants Market Presence Intensity Mapping 12. Western Europe Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 12.1. Introduction 12.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017 12.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. Italy 12.3.1.3. France 12.3.1.4. UK 12.3.1.5. Spain 12.3.1.6. BENELUX 12.3.1.7. Rest Of Western Europe 12.3.1.8. By Product Type 12.3.2. By Application 12.3.3. By End Use 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Product Type 12.4.3. By Application 12.4.4. By End Use 12.5. Drivers and Restraints: Impact Analysis 12.6. Key Participants Market Presence Intensity Mapping 13. Eastern Europe Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 13.1. Introduction 13.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017 13.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028 13.3.1. By Country 13.3.1.1. Russia 13.3.1.2. Poland 13.3.1.3. Rest of Eastern Europe 13.3.2. By Product Type 13.3.3. By Application 13.3.4. By End Use 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Product Type 13.4.3. By Application 13.4.4. By End Use 13.5. Drivers and Restraints: Impact Analysis 13.6. Key Participants Market Presence Intensity Mapping 14. SEA & REST OF APAC Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 14.1. Introduction 14.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017 14.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028 14.3.1. By Country 14.3.1.1. India 14.3.1.2. ASEAN 14.3.1.3. Oceania 14.3.1.4. Rest of SEAP 14.3.2. By Product Type 14.3.3. By Application 14.3.4. By End Use 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Product Type 14.4.3. By Application 14.4.4. By End Use 14.5. Drivers and Restraints: Impact Analysis 14.6. Key Participants Market Presence Intensity Mapping 15. Japan Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 15.1. Introduction 15.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017 15.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028 15.3.1. By Product Type 15.3.2. By Application 15.3.3. By End Use 15.4. Market Attractiveness Analysis 15.4.1. By Product Type 15.4.2. By Application 15.4.3. By End Use 15.5. Drivers and Restraints: Impact Analysis 15.6. Key Participants Market Presence Intensity Mapping 16. China Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 16.1. Introduction 16.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017 16.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028 16.3.1. By Product Type 16.3.2. By Application 16.3.3. By End Use 16.4. Market Attractiveness Analysis 16.4.1. By Product Type 16.4.2. By Application 16.4.3. By End Use 16.5. Drivers and Restraints: Impact Analysis 16.6. Key Participants Market Presence Intensity Mapping 17. Middle East & Africa Impact Modifiers Market Analysis 2013–2017 and Forecast 2018–2028 17.1. Introduction 17.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017 17.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028 17.3.1. By Country 17.3.1.1. Turkey 17.3.1.2. GCC 17.3.1.3. South Africa 17.3.1.4. Rest Of MEA 17.3.2. By Product Type 17.3.3. By Application 17.3.4. By End Use 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Product Type 17.4.3. By Application 17.4.4. By End Use 17.5. Drivers and Restraints: Impact Analysis 17.6. Key Participants Market Presence Intensity Mapping 18. Impact Modifiers Market Industry Structure 18.1. Market Analysis by Tier of Companies 18.1.1. By Large, Medium and Small 18.2. Market Concentration 18.2.1. By Top 10 18.3. Market Share Analysis of Top 10 Players, By Region 18.3.1. North America 18.3.2. Western Europe 18.3.3. SEA & REST OF APAC 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Developments (Mergers, Acquisitions and Expansions) 19.3. Competition Deepdive 19.3.1. Kaneka Corporation 19.3.2. Arkema S.A. 19.3.3. I. du Pont de Nemours and Company 19.3.4. LANXESS Corporation 19.3.5. BASF SE 19.3.6. Clariant AG 19.3.7. Shandong Ruifeng Chemical Co., Ltd. 19.3.8. Akdeniz Kimya San. ve Tic. A.S. 19.3.9. Addivant USA, LLC 19.3.10. Akzo Nobel N.V. 19.3.11. Evonik Industries AG 19.3.12. Sundow Chemicals 19.3.13. Weifang Tianrui Chemical co. Ltd 20. Research Methodology
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Impact Modifier Market
