PUBLISHER: The Business Research Company | PRODUCT CODE: 1650457
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650457
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 from The Business Research Company 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 $4.61 billion in 2024 to $5.02 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to polymer industry growth, rise in material reinforcement, increased automotive applications, rise in demand for automotive applications, rise in demand for construction sector.
The impact modifiers market size is expected to see strong growth in the next few years. It will grow to $7.26 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increasing sustainability and recycling, rising infrastructure development, rising healthcare and medical devices, increasing regulatory changes, rising growth in electric and autonomous vehicles. Major trends in the forecast period include bio-based impact modifiers, increased use in plastics, nanotechnology integration, engineering plastics modification, 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.
The growing automotive sector is anticipated to drive the expansion of the impact modifiers market in the future. The automotive sector, commonly known as the automotive industry, includes all companies and organizations involved in the design, development, manufacturing, marketing, and sale of motor vehicles. Impact modifiers enhance the toughness, impact resistance, and durability of materials, which are essential in the challenging environment of the automotive industry. These modifiers are mainly utilized in the production of plastic components that are widely used in contemporary vehicles. For example, in June 2023, reports from the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, indicated that passenger car sales in the UK increased by 25.8%, rising from 140,958 units in 2022 to 177,266 units in 2023. Additionally, reports from the International Organization of Motor Vehicle Manufacturers, a France-based trade association, revealed that global sales of passenger vehicles reached 57.48 million in 2022.
Major players in the impact modifiers market are developing innovative products like Polyphenylene Sulfide (PPS), which offers outstanding chemical resistance and thermal stability, thereby enhancing the performance and durability of various materials in demanding applications. Polyphenylene Sulfide (PPS) is a high-performance thermoplastic polymer recognized for its superior chemical resistance, thermal stability, and mechanical properties. For example, in March 2023, SK Functional Polymer, a France-based manufacturer of plastic resins, launched Lotader AX impact modifiers, including Lotader AX8750 and AX8930. These impact modifiers are reactive terpolymers that enhance the processability and impact resistance of Polyphenylene Sulfide (PPS) compounds. Lotader AX8750 is made from ethylene, butyl acrylate, and glycidyl methacrylate, while Lotader AX8930 is designed to maintain fluidity while offering good impact resistance.
Major companies in the impact modifiers market are developing advanced products like ethylene-methyl acrylate copolymer, which improves the toughness and durability of various materials while enhancing their performance in challenging applications. Ethylene-methyl acrylate copolymer (EMAC) is a thermoplastic elastomer created by copolymerizing ethylene and methyl acrylate. For example, in March 2023, SK Functional Polymer, a France-based plastic resin manufacturer, launched Lotryl 29MA03T. Lotryl 29MA03T is an ethylene-methyl acrylate copolymer that significantly boosts impact resistance when incorporated at loadings between 2.5 weight (w%) and 5.0 weight (w%). It serves as an impact modifier, particularly effective in enhancing the impact resistance of High Impact Polystyrene (HIPS) and recycled HIPS (rHIPS).
in August 2022, L. Bruggemann 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 2024. 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.
Impact Modifiers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on impact modifiers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for impact modifiers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The impact modifiers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.