San Francisco, 11 December 2018: The global impact modifier market size
is expected to reach USD 5.11 billion by 2025, according to a new study by
Grand View Research, Inc., exhibiting a CAGR of 5.8% during the forecast
period. Surging demand for impact modifiers, particularly from the construction
and automotive industries, is estimated to provide a fillip to the market
during the forecast period.
Impact modifiers find wide application in
packaging, consumer goods, automotive, construction, and other industrial
sectors. The packaging sector is the most prominent application segment for
impact modifiers. They are used for clear packaging applications that offer an
ideal balance between crease whitening resistance and clarity. Rapid increase
in the usage of plastic packaging in various end-use industries such as
industrial goods, personal care, food & beverage, and household products is
projected to fuel growth prospects.
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| Impact Modifier Market |
PVC application will continue to provide
substantial growth opportunities for the impact modifier market over the
forecast period. Easy and low-cost availability is likely to boost the demand
for the product in PVC applications over the forecast period. Engineering
plastics will also be a promising application segment for the product.
Rising demand from major economies in Asia
Pacific such as China and India in various end-use industries is anticipated to
help the market gain momentum over the forecast period. However, volatility in
raw material prices is posing a challenge to the growth of the market at global
level. Furthermore, slow economic recovery and increasing environmental
concerns are limiting the market from realizing its utmost potential.
Access
Research Report of Impact Modifier Market@
www.grandviewresearch.com/industry-analysis/impact-modifiers-market
Further key findings from the repot suggest:
· Asia Pacific dominated the overall impact
modifier market in 2017. It is poised to post the highest CAGR of 6.4% in terms
of value during the forecast period. Increasing demand from various end-use
markets in the region, particularly in China and India, is expected to drive
the market
· ABS is the largest product segment in the
market in terms of revenue in 2017. It is estimated to retain its position
through 2025
· PVC accounted for the largest application
segment in 2017 on account of increasing applicability of PVC products in
various end-use markets
· Packaging was estimated to be the largest
end-use segment in the market in 2017 owing to spiraling demand for food and
pharmaceutical packaging.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the
global impact modifier market on the basis of product, application, end-use,
and region:
Impact Modifier Products Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
AIM
·
ABS
·
MBS
·
CPE
·
EPDM
·
ASA
·
Others
Impact Modifier Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
PVC
·
Engineering Plastics
·
PBT
·
Nylon
·
Others
Impact Modifier End-Use Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Packaging
·
Construction
·
Consumer Goods
·
Automotive
·
Others
Impact Modifier Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Impact Modifier Market@ www.grandviewresearch.com/press-release/global-impact-modifier-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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