Impact Modifier Market Size To Reach $5.53 Billion By 2030

Impact Modifier Market Growth & Trends

The global impact modifier market size is expected to reach USD 5.53 billion by 2030, exhibiting a CAGR of 5.4% from 2024 to 2030, according to a new study by Grand View Research, Inc. 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.

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.

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Impact Modifier Market Report Highlights

• Asia Pacific dominated the impact modifier market in 2023 with a revenue share of 43.5%. This dominance is driven by the region’s rapid industrialization and urbanization, which have led to increased infrastructure and construction activities.

• ABS is the largest product segment in the market in terms of revenue in 2023. It is estimated to retain its position through 2025

• PVC accounted for the largest application segment in 2023 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 2023 owing to spiraling demand for food and pharmaceutical packaging.

Impact Modifier Market Segmentation

Grand View Research has segmented the global impact modifier market report based on type, application, end use, and region:

Impact Modifier Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• AIM

• ABS

• MBS

• CPE

• EPDM

• ASA

• Others

Impact Modifier Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• PVC

• Engineering Plastics

• PBT

• Nylon

• Others

Impact Modifier End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging

• Construction

• Consumer Goods

• Automotive

• Others

Impact Modifier Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Impact Modifier Market

• Arkema

• Dow

• LG Chem

• BASF SE

• Mitsubishi Chemical Group Corporation

• Evonik Industries AG

• KANEKA CORPORATION

• Solvay

• Akzo Nobel N.V.

• Shandong Ruifeng Chemical Co., Ltd.

• Wacker Chemie AG

• Denka Company Limited

• LANXESS

• Sundow Polymers Co., Ltd

• SI Group, Inc. (Addivant)