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 is projected to reach USD 13.13 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. The increasing applicability of impact modifiers across varied end-use industries, technological advancements, and the growing demand of impact modifiers in the Asia-Pacific region are driving the growth of the impact modifiers market.
“PVC projected to be the largest application segment of the market by 2021”
PVC has been the largest application segment of the impact modifiers market of the global impact modifiers market, in terms of volume, in 2015. The properties of PVC, such as lightweight, good mechanical strength, abrasion resistance, and toughness, enable its usage across various end-use industries, such as construction, electrical, automotive, and packaging.
“MBS to register highest growth, as it has emerged to be the best alternative to parabens”
Methacrylate-Butadiene-Styrene (MBS) is the fastest-growing segment of the market from 2016 to 2021. The use of MBS improves transparency, weather resistance (UV & heat), and impact resistance in PVC, PC polyesters, epoxies, and other formulations. MBS is environment friendly, required in less quantity, and cost-effective, and also has high impact strength with no odor.
“Asia-Pacific market to register high growth in the impact modifiers market by 2021”
Asia-Pacific is the largest and the fastest-growing region in the impact modifiers market, globally. The region’s growing industrialization and infrastructure development offers enormous opportunities to the impact modifiers market.
BREAKDOWN OF PRIMARY PARTICIPANTS PROFILE:
By Company Type: T 1 – 32 %, T 2 – 46%, and T 3 – 22%
By Designation: C-Level – 28%, Manager Level – 24%, and Others – 48%
By Region: NA – 23%, EU – 20%, APAC -31%, SA -10% and MEA – 15%
As a part of qualitative analysis, the research provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, and regulations. It also discusses competitive strategies adopted by market players across different regions. The companies profiled in this report are E.I. du Pont de Nemours & Co. (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Lanxess AG (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), Kaneka Corporation (Japan), Arkema (France), Akzo Nobel N.V. (Netherlands), and Chemtura Corporation (U.S.).
Reasons to buy this report:
This report covers the following key aspects:
What will be the market size and growth rate by 2021
What are the key market trends
Which factors are expected to drive the market growth
What are the challenges that impact the market growth
Who are the key players in this market
Global report covers key regions, such as the Asia-Pacific, North America, Europe, South America, Middle East & Africa including major countries in these regions