Impact modifiers are used to enhance the toughness and durability of the plastic resins, which are commonly added to compounded materials.
Sarasota, FL -- (SBWIRE) -- 09/04/2017 -- Global Impact Modifier Market: Overview
Impact modifiers are used to enhance the toughness and durability of the plastic resins, which are commonly added to compounded materials. Additionally, they improve other properties that include processability, tensile properties, flammability, weather ability, cost, and heat distortion. Acrylics, PVC resins, and methyl butadiene styrene are the key applications of the impact modifiers that improve the resistance of the PVC products without harming other properties. It offers additional toughness in the embrittlement condition that occurs at crack propagation, freezing temperatures, and notch-sensitivity. Impact modifiers are highly depended on the host polymer.
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Global Impact Modifier Market: Growth Factors
The key factors that are driving the market demand for impact modifier are growing demand from the packaging and construction industries coupled with rapid industrialization which is positively impacting the global impact modifier market. Properties of the PVC such as abrasion resistance, good mechanical strength, lightweight, and toughness enable its usage across various end-use industries such as consumer goods, packaging, automotive, and construction, this is expected to foster the market growth. The demand for the methacrylate-butadiene-styrene is growing at a fast rate; as it enhances impact resistance, transparency, and weather resistance in epoxies, PC polyesters, PVC, and other formulations. It is cost effective, is required in less quantity, has high impact strength, and is environment-friendly in nature. This is expected to influence the impact modifier market in a positive way.
Global Impact Modifier Market: Segmentation
The impact modifier market is classified on the basis of application, end-user industry, and type. The application segment is categorized into nylon, engineering plastics, PVC, PBT, and others. PVC is the dominating segment in the global market owing to easy availability and low cost. Based on the end-user industry, the market is segregated into construction, automotive, packaging, consumer goods, and others. The type segment of the impact modifier market is bifurcated into MBS, ABS, CPE, AIM, EPDM, ASA, and others.
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Global Impact Modifier Market: Regional Analysis
Geographically the impact modifier market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific grabs the largest market share for global impact modifiers market. Favorable growth in the consumer goods, packaging, automotive end-use industries in the region is anticipated to fuel the market growth. Technological advancements and the increasing use of impact modifier in the various end-use industries give rise to the market growth. China is the major consumer of the impact modifiers in Asia Pacific region, which is followed by India and Japan. South America and Europe are also focusing on improving their position in the impact modifier market.
Global Impact Modifier Market: Competitive Players
Companies involved in the global impact modifier market are Evonik Industries AG, Chemtura Corporation, The DOW Chemical Company, Kaneka Corporation, and Akzo Nobel N.V. Other influencing market players include Lanxess AG, BASF SE, E.I. Du Pont De Nemours & Co., Arkema, and Clariant AG.
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Global Impact Modifier Market: Regional Segment Analysis
The Middle East and Africa