Impact Modifier Market is projected to register a healthy CAGR of 5.2% by 2028
VALLEY COTTAGE, N.Y. – Future Market Insights (FMI) delivers key insights on the global impact modifier market in its upcoming outlook titled, “Impact Modifier Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028”. In terms of value, the global impact modifier market is projected to register a healthy CAGR of 5.2% during the forecast period due to various factors, regarding which FMI offers vital insights in detail.
Impact Modifier Market – Overview & Analysis
A more streamlined and comprehensive product portfolio offered by the manufacturers has encouraged end users towards the use of impact modifiers. Also, tailor-made offerings in the impact modifier product portfolio have enabled the manufacturers to improve the application portfolio of impact modifiers.
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It has been observed that weather testing of plastic additives such as impact modifiers during the production of performance of materials has become more crucial than ever. Weathering in-service failures, in which impact modifiers play a major role are becoming increasingly prominent, especially in the case of automotive plastics. Impact modifiers offered improved weatherability in reduced costs. Performance material manufacturers are particularly focusing to address the issue of weathering-related failures.
The demand for impact modifiers is especially high in regions such as China and Japan, where the automotive and electronic devices market is growing at a high rate. In these regions, the market is saturated with faded and low quality plastics, whereas the consumers are demanding high quality plastics, and manufacturers in these regions are reaping the benefit of these opportunities by developing plastics incorporated with impact modifiers which are better in quality with respect to attractiveness of the object, durability and sustainability. These trends can be reflected in the fact that many global players in the impact modifiers market are positioning to gain greater share in the impact modifiers market in this region.
Preview Analysis of Impact Modifier Market: Improved Impact Resistance and Weatherability Driving Utilization in Performance Plastics: Global Industry Analysis 2013 – 2017 & Opportunity Assessment 2018 – 2028: https://www.futuremarketinsights.com/reports/impact-modifier-market
North America being a matured economy with a well-established manufacturing sector and high awareness towards the quality grade of impact modifiers, end use industries tend to adopt premium quality impact modifiers. Also, high competition in the impact modifiers market in North America has led to development of technically advanced impact modifiers with high durability and increased impact resistance properties under load. Manufacturers are coming up with solutions to include both of these properties in their impact modifiers, as these properties are basically a tradeoff.
Sometimes impact modifiers are known to be more of contaminants than stabilizers. For example, they are known to cause polymer degradation in the presence of UV and moisture resulting in adverse chalking in window and door profiles. These effects are accentuated when polymer materials which contain impact modifiers are exposed to extreme weather conditions. The damage is witnessed through undesired coloration in the products. The trend towards sustainability and green products has led to the development of green substitutes for impact modifiers and other polymer additives. Utilization of bio-based additives may slightly hinder the growth of the impact modifiers market and other polymer additives market.
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This report covers various aspects of impact modifiers, including key trends adopted by market participants and their specific impact on each segment, and also offers insights and analysis of the opportunity in impact modifiers market in specific regions. North America is expected to register high growth rates between 2018 and 2026 and is also expected to remain the largest market through 2026. Based on market attractiveness, Europe and North America tend to be relatively attractive markets in the impact modifiers market. On the basis of end use, the impact modifiers market is segmented as packaging, construction, and consumer goods and automotive.
Detailed profiles of some of the manufacturers of impact modifiers are also included in the scope of the report to evaluate their key product offerings, long-term and short-term strategies, and recent developments in the impact modifiers space. A selection of key players include Kaneka Corporation, Arkema S.A., E. I. du Pont de Nemours and Company, LANXESS Corporation, BASF SE, Clariant AG, Shandong Ruifeng Chemical Co., Ltd., Akdeniz Kimya San. ve Tic. A.S., Addivant USA, LLC, Akzo Nobel N.V., Evonik Industries AG, Sundow Chemicals and Weifang Tianrui Chemical co. Ltd amongst others.
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