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, the 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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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
