Impact Modifier Market worth 2.73 Billion USD by 2021
The report “Impact Modifier Market by Type (ABS, AIM, ASA, MBS, EPDM, CPE, Others), Application (PVC, Nylon, PBT, Engineering Plastics, Others), End-Use Industry, & by Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) – Global Forecast to 2021”, The global impact modifiers market was valued at USD 2.14 Billion in 2016 and is projected to reach USD 2.73 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Rapid industrialization in the developing countries and the increased demand of impact modifiers in the construction and packaging industries, is expected to drive the market for impact modifiers.
Browse 115 market data tables and 52 figures spread through 148 pages and in-depth TOC on “Impact Modifier Market ”
PVC is the largest application segment of the global impact modifiers market
PVC is the largest application segment of the impact modifiers market. The growth of impact modifiers in PVC application is mainly attributed to its easy availability and low cost. The increasing applicability of PVC in varied end-use industries, such as packaging, construction, automotive, and consumer goods is another factor that is expected to drive the growth of the market in this segment.
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Methacrylic-butadiene-styrene (MBS) is projected to dominate the global impact modifiers market by 2021
The Methacrylic-butadiene-styrene (MBS) segment is projected to grow at the highest CAGR from 2016 to 2021. MBS helps improve the impact strength of products, especially PVC finished products, which are mainly used in indoor applications. The environment friendliness of MBS is expected to further aid the growth of the impact modifiers market.
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Asia-Pacific is projected to dominate the global impact modifiers market
Asia-Pacific accounted for the largest market share in the global impact modifiers market in 2015. China was the largest market for impact modifiers in Asia-Pacific, followed by Japan and India. Manufacturers based in Europe and South America are strategically focusing on tapping the key growth markets in the Asia-Pacific region. The growth of the packaging, consumer goods, and automotive end-use industries in Asia-Pacific is expected to drive the growth of the impact modifiers market.
Some of the key players operating in the global impact modifiers market include E. I. du Pont de Nemours & Co. (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), Evonik Industries AG (Germany), and Clariant AG (Switzerland).
The market for impact modifiers has been segmented based on type, application, end-use industry, and region. The report focuses on current market trends and estimates and provides a forecast from 2016 to 2021. The key strategic activities in this market, including mergers and acquisitions, partnerships, and new product launches or developments have also been covered, which provide deep insights about growth perspectives of the global impact modifiers market.