What is Impact Modifier Market?
Impact modifier is an additive added to improve the toughness of a variety of plastic resins. It is used to improve the impact performance of engineering plastics such as polyesters, polyamides and polycarbonate blends. It provides an excellent balance of impact resistance, modules and viscosity with an extraordinary good retention of heat distortion temperatures.
The market study is being classified by Type (ABS, MBS, AIM, ASA, EPDM, TPE, CPE and Others), by Application (PVC, Nylon, PTB, Engineering Plastics and Others) and major geographies with country level break-up.
Dow Chemical Company (United States), Kaneka Corporation (Japan), Shandong Ruifeng Chemical (China), Arkema S.A. (France), LG Chem Ltd (South Korea), Akdeniz Kimya (Turkey), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Chemtura (United States) and Clariant AG (Switzerland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Evonik Industries AG (Germany) and Lanxess AG (Germany).
Research Analyst at AMA predicts that German Vendors will contribute to the maximum growth of Global Impact Modifier market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Impact Modifier market by Type, Application and Region.
On the basis of geography, the market of Impact Modifier has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand from the Packaging and Construction Industries
- Properties Such As Abrasion Resistance, Good Mechanical Strength, Lightweight and Toughness Creates Demand
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Technological Advancements and Increasing Use of Impact Modifiers
- Growing Demand from Automobile Industry
Challenges
- Increasing Environmental Concerns
- Fluctuations in the World Economy
Key Target Audience
Impact Modifier Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user