"Impact Modifiers: Global Markets looks at the special materials used to make plastics stronger and more durable. It covers market trends, major companies, and how these modifiers are driving growth in industries around the world."
BOSTON, April 4, 2025 /PRNewswire/ -- According to the latest study from BCC Research, the demand for Impact Modifiers: Global Markets is projected to grow from $5.0 billion in 2023 to $6.9 billion by the end of 2029 at a compound annual growth rate (CAGR) of 5.7% during the forecast period.
The report examines the types, uses, and industries for impact modifiers, based on manufacturers' revenues in constant U.S. dollars. It breaks down the global market by type (ABS, acrylics, ASA), application (PVC, nylon, engineering plastics), end use (packaging, construction, automotive), and region (Asia-Pacific, North America, Europe, and the Middle East and Africa).
Interesting facts
Impact modifiers enhance the strength and stiffness of plastics, often making them stronger than steel, and making materials lighter, tougher, and longer-lasting. Researchers are also developing eco-friendly options to reduce plastic waste. These modifiers play a key role in durable flexible electronics such as foldable phones and wearables, benefiting the consumer goods industry significantly.
Factors contributing to the growth include:
- Necessity of Engineering Plastics: Engineering plastics are essential for creating durable, lightweight, and versatile products used in the automotive, electronics, and construction industries.
- Use in the Automotive Sector: In the automotive sector, engineering plastics are used to make vehicles lighter, stronger, and more fuel-efficient while enhancing safety and design.
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Report Synopsis
Report Metric | Details |
Base year considered | 2023 |
Forecast period considered | 2024-2029 |
Base year market size | $5.0 billion |
Market size forecast | $6.9 billion |
Growth rate | CAGR of 5.7% from 2024 to 2029 |
Segments covered | Type, Application, End-Use Industry |
Regions covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa |
Countries covered | U.S., Canada, Mexico, Germany, France, Italy, Spain, U.K., Portugal, Sweden, Hungary, Romania, Czech Republic, China, Japan, India, South Korea, Thailand, Indonesia, Singapore, Malaysia, Vietnam, Brazil, Argentina, Colombia, Paraguay, Peru, Middle East and Africa, Saudi Arabia, South Africa, UAE, Israel, Kenya, Egypt |
Market drivers | • Necessity of Engineering Plastics • Use in the Automotive Sector |
This report addresses the following questions:
- What is the projected market size and growth rate?
In terms of value, the global impact modifier market is projected to grow from $5.0 billion in 2023 to $6.9 billion by the end of 2029 at a compound annual growth rate (CAGR) of 5.7% during the forecast period. - What segments are covered in the report?
The impact modifier market is segmented by type, application, and end-use industry. - Which end-use segment will dominate the market in 2029?
The packaging segment will dominate in 2029. - Which region has the largest market share?
Asia-Pacific holds the largest share of the market.
Leading companies in the market include:
- 3M
- Arkema
- BASF SE
- Dow
- Evonik Industries AG
- Kaneka Corp.
- Lanxess
- LG Chem
- Mitsubishi Chemical Group Corp.
- Mitsui Chemicals Inc.
Related reports include:
Global Markets for Plastics Additives: This report focuses on materials that enhance the strength, durability, and performance of plastics. These additives are vital for the packaging, construction, and automotive industries, driving innovation and sustainability.
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