Impact modifiers market analysis, market trend and forecast（2024-2029）

PVC Impact modifier Market by type, application, end user industry and geography. For each segment, the market size and forecast is based on revenue (million USD) and volume (thousand tons).

The impact modifier market is expected to grow at a CAGR of more than 6.25% during the forecast period.

The impact of the COVID-19 pandemic has been negative due to the closure of key end-user sectors in markets such as construction and automotive. But by 2021, the market has recovered to pre-pandemic levels and is expected to grow steadily in the coming years.

· The growing demand in the PVC segment and packaging industry has been driving the growth of the market.

· However, environmental regulations regarding the production of impact modifiers using certain compounds are hindering the market growth.

· Technological advancements in rubber impact modifiers and sustainable bioplastic packaging are expected to provide opportunities for the impact modifiers market over the next five years.

· The Asia Pacific region dominates the global market with countries such as China and India consuming the most.

Impact Modifier Market Trend:

The demand for construction is increasing:

· Impact modifiers are construction chemicals that improve the toughness and service life of plastic products, such as pipes, siding and roofing materials. They are added to plastics during the production process to improve their resistance to impact, weathering and other forms of stress.

· Acrylic impact modifiers and MBS modifiers are used in the construction sector to improve the toughness, impact resistance and weather resistance of PVC and ABS.

· Polyethylene (PE) impact modifiers are used in polyolefin applications to improve the impact resistance and durability of plastics. Styrene block copolymer (SBC) impact modifiers are widely used in roofing and siding applications in the construction industry to improve the impact resistance and service life of plastics.

· PVC piping is widely used in plumbing and drainage systems, so its demand is closely related to the expansion of the construction industry, especially the residential sector. As more and more homes and buildings require plumbing and drainage systems, the increase in residential construction will increase the demand for PVC piping.

· There has been a significant increase in residential construction in the United States in recent years, especially in certain areas. According to the U.S. Census Bureau, the number of homes authorized with building permits in 2021 is 1.74 million, up 18% from the previous year.

· Demand is strong in Canada's residential and commercial construction sectors. Statistics Canada expects 135.36 million permits to be issued by the end of 2022, up 6.2 per cent from the previous year.

· Based on the above factors, the construction industry is expected to dominate the market.

Asia Pacific will dominate the market

· Asia Pacific is the largest and fastest growing market due to the growing demand for polymer products in various end-user industries in major economies such as China, India and Japan.

· Plastics make the interior and exterior parts of the car, such as door panels, dashboards, consoles, columns, door panel skins, window seals and body side cladding. Increasing awareness of energy efficiency, lightweighting and adoption of electric vehicles is expected to drive the market growth.

· Asia is the world's largest producer and consumer of plastics. In addition, the region produces about 50% of the world's automobiles and has established manufacturing facilities in China, Japan, India, South Korea and Thailand.

· The plastic housing or housing of batteries used in electric vehicles contains impact modifiers. The battery housing is a key component that protects the battery from shock, vibration, and other mechanical stresses that can cause the battery to degrade or underperform.

· To improve the impact resistance of the battery housing, manufacturers may add impact modifiers to the plastic material used to build the housing. These impact modifiers may consist of elastomers, tougheners, or other additives that increase the strength and durability of plastics.

· According to the statistics of the China Association of Automobile Manufacturers, in 2021, China's 47 power battery production enterprises produced 186.0GWh, an increase of 182.3%. The production growth was mainly due to the accelerated expansion of new energy vehicles in China. (New energy vehicles). In 2021, China's NEV production will reach 4.71 million units and domestic sales will exceed 1.5 million units, an increase of more than 80% year-on-year: government policies, subsidies and consumer demand for NEVs are driving this growth.

· Impact modifiers are also used in the production of mobile phones to improve the durability and impact resistance of equipment. By 2022, Chain will be the world's largest producer of mobile devices, accounting for more than 30% of global production. The China Academy of Information and Communications Technology predicts that China's mobile phone manufacturing capacity will exceed 1.5 billion units by 2022, and domestic mobile phone shipments will reach 354.7 million units in 2021.

· Therefore, based on such market trends, the Asia-Pacific region is expected to dominate the market.

Impact Modifier Industry Overview:

The impact modifier market is fragmented in nature, with a few major players occupying a large portion of the market. Some of the major companies (in no particular order) include Mitsubishi Chemical Corporation, Akdeniz Kimya, Arkema Group, Addivant and Dow Chemical Company.

Impact Modifier Industry Segmentation:

Impact modifier resins improve the durability of molded and extruded plastics, especially in impact strength or cold weather conditions. They are an important supplement for increasing elasticity to overcome material rigidity.

The impact modifiers market is segmented by type, application, end-user industry, and geographic location. By type, the market is segmented into acrylonitrile butadiene styrene, acrylic impact modifiers, acrylonitrile styrene acrylates, methacrylate - butadiene - styrene, vinyl allyl diene monomer, chlorinated polyethylene, etc. By application, the market is segmented into polyvinyl chloride, nylon, polybutylene terephthalate, engineering plastics, and other applications. By end-user industry, the market is segmented into Automotive, Construction, Consumer goods, Packaging, and other end-user industries. By geography, the market is segmented into Asia Pacific, North America, Europe, South America, Middle East and Africa.