Impact Modifiers Global Market Report 2024

The impact modifiers market specializes in manufacturing impact modifiers for polyvinyl chloride (PVC), engineering plastics, and epoxy resins. These modifiers serve as crucial additives, enhancing flexibility, improving durability, and meeting the physical property requirements of rigid components. They are incorporated into compounded materials to augment the toughness and resilience of plastic resins.

The main types of products in the impact modifiers market include acrylic impact modifiers (AIM), acrylonitrile butadiene styrene (ABS), methacrylate-butadiene-styrene (MBS), chlorinated polyethylene (CPE), ethylene propylene diene monomer (EPDM), acrylonitrile styrene acrylate (ASA), and others. Acrylic impact modifiers are employed to enhance resistance performance, while ABS impact modifiers find applications in computer and printer housings, consumer electronics, appliances, garden equipment, automotive parts, and toys. MBS impact modifiers are tailor-made for specific needs in rigid and semi-rigid indoor PVC applications. CPE serves as a toughening agent, boasting resistance to oil, ozone, and fire. EPDM impact modifiers find usage in process industries dealing with corrosive environments, such as the electroplating industry. ASA impact modifiers are utilized in general prototyping in 3D printing and the automotive industry due to their high weather resistance. The end-users of impact modifiers span packaging, construction, consumer goods, automotive, and others. These products are applied to various materials including PVC, engineering plastics, PBT, nylon, and more.

The impact modifier market research report is one of a series of new reports that provides impact modifier market statistics, including impact modifier industry global market size, regional shares, competitors with an impact modifier market share, detailed impact modifier market segments, market trends and opportunities, and any further data you may need to thrive in the impact modifier industry. This impact modifier market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The impact modifiers market size has grown strongly in recent years. It will grow from $4.24 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed in the historical period can be attributed to factors such as the growth of the polymer industry, an increase in material reinforcement practices, heightened applications in the automotive sector, a rise in demand for automotive applications, and an increased demand within the construction sector.

The impact modifiers market size is expected to see strong growth in the next few years. It will grow to $6.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period can be attributed to factors such as the increasing emphasis on sustainability and recycling practices, a rise in infrastructure development projects, growing demand in healthcare and medical devices, evolving regulatory changes, and the expanding growth in electric and autonomous vehicles. Key trends expected in the forecast period include the adoption of bio-based impact modifiers, increased utilization in plastics, the integration of nanotechnology, modification of engineering plastics, and the incorporation of high-performance modifiers.

The surge in demand for impact modifiers within the construction industry is poised to propel the growth of the impact modifiers market. Increased utilization of engineering plastics, PVC in applications like pipes, fittings, wires, cables, rigid sheets, panels, and construction-related bottles contributes to the rising demand for impact modifiers. Notably, monthly construction output in August 2022 exhibited a 0.4% increase, indicating a consecutive upward trend and emphasizing heightened construction activities. This demand surge indicates a positive trajectory for the impact modifiers market.

Anticipated growth in the automotive sector is expected to be a driving force behind the expansion of the impact modifiers market. As a crucial component in enhancing material toughness, impact resistance, and durability, impact modifiers play a pivotal role in the automotive industry. These modifiers find extensive application in manufacturing plastic components integral to modern vehicles. Recent statistics from the Society of Motor Manufacturers and Traders (SMMT) reveal a substantial 25.8% increase in UK passenger car sales from 2022 to 2023. Globally, the International Organization of Motor Vehicle Manufacturers reported a rise in global passenger vehicle sales from 56.43 million in 2021 to 57.48 million in 2022.

Key players in the impact modifier market are directing their efforts towards sustainable solutions, exemplified by the introduction of biobased impact modifiers. These environmentally friendly additives are crafted from renewable raw materials, aligning with sustainable practices and reducing the manufacturing process's carbon footprint. A notable example is ADBioplastics' launch of ADBio PLA+, a biobased and compostable impact modifier designed to enhance the resistance of virgin PLA (polylactic acid), demonstrating a commitment to eco-friendly innovations.

Strategic collaborations and partnerships are a prevailing trend in the impact modifiers market, focusing on product development and innovation. Dow Chemicals, in collaboration with Callaway Golf Company, developed next-generation golf balls featuring the PARALOID Impact Modifier. This partnership showcases the synergy between Dow's SURLYN ionomers and PARALOID additives to enhance golf ball attributes such as distance, spin, feel, and short game control.

in August 2022, L. Brüggemann GmbH & Co. KG acquired Auserpolimeri Srl, marking a strategic expansion in the high-performance polymer additives sector. Auserpolimeri Srl, based in Italy, is renowned for its expertise in manufacturing polymer additives.

Major companies operating in the impact modifiers market include Evonik Industries AG, E.I. du Pont de Nemours and Company, Addivant USA LLC, Kaneka Corporation, Arkema S.A., Mitsubishi Chemical Corporation, LG Chem Ltd., Mitsui Chemicals Inc., SI Group Inc., Novista Group Co. Ltd., Indofil Industries Limited, Akzo Nobel N.V., Chemtura Corporation, Akdeniz Kimya Sanayi ve Ticaret A.S., The Dow Chemical Company, Chemson Group, DuPont de Nemours Inc., Ruifeng Chemical Industry Co. Ltd., Clariant AG, BASF SE, LANXESS AG, Saudi Basic Industries Corporation, Eastman Chemical Company, The Lubrizol Corporation, Croda International PLC, Wacker Chemie AG, Momentive Performance Materials Holdings LLC, Solvay SA, Sumitomo Chemical Co. Ltd., Tosoh Corporation, Asahi Kasei Corporation, Kuraray Co. Ltd.

Asia-Pacific was the largest region in the impact modifiers market in 2023. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the impact modifiers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the impact modifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The impact modifier market consists of sales of acrylate polymethacrylate copolymer (acrylic) and ethylene vinyl acetate copolymer (EVA). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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