Impact Modifier Market Detailed Analysis of Share, Growth [2028]

According to TechSci Research report, “Impact Modifier Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Impact Modifier Market stood at USD 4.26 billion in 2022 and is anticipated to grow with a CAGR of 4.04% in the forecast period, 2023-2028. The initiatives taken by the government based on Impact Modifier has led to favorable market conditions for the Global Impact Modifier Market. Several factors contribute to the growth of various Impact Modifier products. 

Governments worldwide have recognized the importance of addressing impact modifiers, with a primary focus on environmental sustainability and human health. In response, regulations have been put in place to ensure that the production and utilization of impact modifiers align with sustainability goals while minimizing risks to human health. For instance, the European Union has implemented the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) regulation.

This comprehensive framework places the responsibility on industries to effectively manage the risks associated with chemicals and provide essential safety information on substances. Given that impact modifiers fall within the category of chemical additives, they are subject to the provisions of this regulation. Consequently, manufacturers are incentivized to explore safer and more sustainable alternatives for impact modifiers. 

By implementing such measures, governments aim to foster a transition towards a more sustainable and health-conscious approach to impact modifiers, ensuring the well-being of both the environment and individuals alike.

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The requirement for impact modifiers in the packaging industry stems from various factors. Firstly, there is a growing demand for packaging solutions that are durable and resilient. With the expansion of e-commerce and global trade, products often undergo long-distance shipping and require robust packaging to safeguard against damage.

Secondly, consumer preferences are shifting towards lightweight and convenient packaging solutions. Impact-modified plastics meet these demands by providing a lighter alternative to traditional packaging materials such as glass and metal, while maintaining strength and durability.

Lastly, there is an increasing focus on sustainability in the packaging industry. Many impact modifiers are compatible with recyclable plastics, facilitating the creation of durable packaging that can be recycled at the end of its life cycle.

The Global Impact Modifier Market is segmented into type, host polymer, end user, regional distribution, and company.

Based on its end user, the packaging segment held the largest share in the market. The increasing demand for plastic packaging is fueling the need for impact modifiers during the forecasted period. This is primarily due to their exceptional properties such as shock resistance, corrosion resistance, anti-static capabilities, and mechanical shock absorption. Packaging plays a crucial role in the transportation of goods, ensuring their preservation and safe delivery. The rising demand for impact modifiers is further driven by their usage in various applications, including food packing films, bottles, and drug packaging.

Moreover, the global market is witnessing a surge in demand for protective packaging in sectors such as electric & electronic and medical & pharmaceutical. This trend is contributing significantly to the growth of the impact modifiers market. In fact, according to data presented by Finaria, the number of eCommerce users has been increasing by 9.5% annually. In 2020, the total number of eCommerce users surpassed 3.4 billion. Notably, Amazon and AliExpress are the leading sellers, covering a substantial 75% of the global e-market.

These compelling factors collectively drive the growth of the packaging market, subsequently intensifying the demand for impact modifiers during the forecast period.

Based on region, the Asia Pacific segment is expected to grow during the forecast period.

The growth of end-use industries such as appliances, packaging, automobile, construction, electric & electronic, and others can be attributed to the increasing demand for their products. In the Asia-Pacific region, the market is driven by the presence of leading appliance manufacturers like Haier Electronics Group, Gree Electric Appliances, Groupe SEB SA, Panasonic, and LG Electronics.

According to Invest India, the auto component sector was valued at US$ 49 billion in 2020 and is expected to reach US$ 200 billion by 2026, indicating significant growth potential. As the automobile industry flourishes, there will be a corresponding surge in the demand for aerospace components. This anticipated increase in demand for aerospace components is expected to drive the Impact Modifier market in the Asia-Pacific region even further.

Major companies operating in the Global Impact Modifier Market are:

• Addivant USA Holdings Corp.
• Akdeniz Kimya Sanayi Ve Ticaret A.S.
• Arkema SA
• Clariant AG
• The Dow Chemical Company
• Evonik Industries AG
• Kaneka Americas Holding Inc.
• Mitsubishi Chemical Corporation
• Plastics Color Corporation
• Shandong Ruifeng Chemical Co. Ltd

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“Growing application of Impact Modifier in various end-user industries are key drivers of the Impact Modifier Market. Growth in the competitive landscape and the presence of well-established companies in the market who are dedicated to enhancing their productivity of Impact Modifier with every passing year are anticipated to register an impressive growth to Global Impact Modifier Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Impact Modifier Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (ABS, CPE, MBS, Acrylic, EPDM, Others), By Host Polymer (PVC, PMMA, Polyolefin, Polyester, Polyamide, Others), By End User (Construction, Packaging, Automotive, Consumer Goods, Others), By Region and Competition, 2018-2028F”, 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 the Global Impact Modifier Market.

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Table of Content-Impact Modifier Market 

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Global Impact Modifier Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value

4.2. Market Share & Forecast

4.2.1. By Type (ABS, CPE, MBS, Acrylic, EPDM, Others)

4.2.2. By Host Polymer (PVC, PMMA, Polyolefin, Polyester, Polyamide, Others)

4.2.3. By End User (Construction, Packaging, Automotive, Consumer Goods, Others)

4.2.4. By Region

4.2.5. By Company (2022)

4.3. Market Map

4.3.1. By Type

4.3.2. By Host Polymer

4.3.3. By End User

4.3.4. By Region

5. Asia Pacific Impact Modifier Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type

5.2.2. By Host Polymer

5.2.3. By End User

5.2.4. By Country

5.3. Asia Pacific: Country Analysis

5.3.1. China Impact Modifier Market Outlook

5.3.1.1. Market Size & Forecast

5.3.1.1.1. By Value

5.3.1.2. Market Share & Forecast

5.3.1.2.1. By Type

5.3.1.2.2. By Host Polymer

5.3.1.2.3. By End User

5.3.2. India Impact Modifier Market Outlook

5.3.2.1. Market Size & Forecast

5.3.2.1.1. By Value

5.3.2.2. Market Share & Forecast

5.3.2.2.1. By Type

5.3.2.2.2. By Host Polymer

5.3.2.2.3. By End User

5.3.3. Australia Impact Modifier Market Outlook

5.3.3.1. Market Size & Forecast

5.3.3.1.1. By Value

5.3.3.2. Market Share & Forecast

5.3.3.2.1. By Type

5.3.3.2.2. By Host Polymer

5.3.3.2.3. By End User