Impact Modifier Market worth 2.73 Billion USD by 2021

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Impact Modifier Market worth 2.73 Billion USD by 2021

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The global impact modifiers market was valued at USD 2.14 Billion in 2016 and is projected to reach USD 2.73 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Rapid industrialization in the developing countries and the increased demand of impact modifiers in the construction and packaging industries, is expected to drive the market for impact modifiers. – PowerPoint PPT presentation

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Title: Impact Modifier Market worth 2.73 Billion USD by 2021


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Impact Modifier Market worth 2.73 Billion USD by
2021
The report "Impact Modifier Market by Type (ABS,
AIM, ASA, MBS, EPDM, CPE, Others), Application
(PVC, Nylon, PBT, Engineering Plastics, Others),
End-Use Industry, by Region (Asia-Pacific,
North America, Europe, South America, Middle East
Africa) - Global Forecast to 2021", The global
impact modifiers market was valued at USD 2.14
Billion in 2016 and is projected to reach USD
2.73 Billion by 2021, at a CAGR of 5.0 from 2016
to 2021. Rapid industrialization in the
developing countries and the increased demand of
impact modifiers in the construction and
packaging industries, is expected to drive the
market for impact modifiers.
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Introduction
The significant applications of impact modifiers
are packaging, construction, automotive, consumer
goods, and others. The growth in these industries
will consequently drive the growth of the impact
modifiers market. The competitiveness in the
impact modifiers market has been intensified,
with the increasing number of capacity
expansions, business expansions, and
collaborations. Factors such as increasing
applicability of impact modifiers across varied
end-use industries, technological advancements,
and the growing demand of impact modifiers in the
emerging regions are driving the growth of the
impact modifiers market.
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Key Participants
The global impact modifiers market is fragmented
with several well-established players and few
small players. Established players in this market
have an edge over small players in terms of
product offerings, innovations, and distribution
network. Some of the key players operating in the
impact modifiers market include E.I. du Pont de
Nemours Co.  (U.S.), BASF SE (Germany), The Dow
Chemical Company (U.S.), Evonik Industries AG
(Germany), and Clariant AG (Switzerland), among
others. New product developments launches,
agreements, and expansions were significant
growth strategies adopted by leading companies in
this market.
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On The Basis Of Region
Asia-Pacific accounted for the largest market
share in the global impact modifiers market in
2015. China was the largest market for impact
modifiers in Asia-Pacific, followed by Japan and
India. Manufacturers based in Europe and South
America are strategically focusing on tapping the
key growth markets in the Asia-Pacific region.
The growth of the packaging, consumer goods, and
automotive end-use industries in Asia-Pacific is
expected to drive the growth of the impact
modifiers market.
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About Us
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understanding of the unmet insights along with
market sizing and forecasts of niche markets.
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