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The global impact modifier market is segmented based on type of impact modifier, host polymer, end user, and region. Based on end user segmentation, the market can be fragmented into construction, automotive, packaging, consumer goods and others. The construction segment is expected to continue its dominance in the global impact modifier market, followed by automotive, packaging and consumer goods end use segments. Among all the host polymer segments, PVC and PMMA are expected to dominate the market, accounting for a cumulative market share of more than 60% of the impact modifier market through 2025.
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2015 – 2025 GLOBAL IMPACT MODIFIER MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Impact Modifier The global impact modifier market is expected to witness significant growth during the forecast period owing to the growing construction, automotive, packaging and consumer goods sectors coupled with rising technological advancements. Additionally, the growing demand for impact modifiers in the emerging regions is further expected to propel the market during forecast period. Based on host polymer, market can be segregated into PVC, engineering plastics, polyester, epoxy and others. Market Segmentation END USER Year Range Construction • GLOBAL IMPACT MODIFIER MARKET TYPE Packaging • CPE • Automotive • ABS Review Period • Consumer Goods • MBS • 2015 – 2018 Others • Acrylic • EPDM • Base Year REGION Others • 2019 HOST POLYMER North America • Estimated Year Europe • PVC • Middle East & Africa • 2020 PMMA • Asia-Pacific • Polyolefins • Forecast Period South America • Polyester • 2021 – 2025 Polyamide • Others • 2
Host Polymer and By Type Matrix PVC PMMA Polyester PC, PBT & Alloys By Host Polymer By Type √ CPE (Chlorinated Polyethylene) √ √ √ MBS Acrylic (AIM -Acrylic Impact Modifiers) √ √ √ √ Butadiene √ Others (EPDM, ASA (Acrylonitrile Styrene Acrylate), SBS, etc.) √ 3
Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Product Awareness 4.2. Product Pricing 4.3. Challenges & Unmet Needs 5. Global Impact Modifier Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast 5.2.1. By Type (ABS, CPE, MBS, Acrylic, EPDM, Others) 5.2.2. By Host Polymer (PVC, PMMA, Polyolefin, Polyester, Polyamide, PC, ABS, Others) 5.2.3. By End User (Construction, Packaging, Automotive, Consumer Goods, Others) By Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) 5.2.5. 5.3. Market Attractiveness Index 4
Table of Contents S. No. Contents Page No. 6. Asia-Pacific Impact Modifier Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Type 6.2.2. By Host Polymer 6.2.3. By End User 6.2.4. By Country 6.3. Asia-Pacific: Country Analysis 6.3.1. China Impact Modifier Market Outlook 6.3.1.1. Market Size & Forecast By Value & Volume 6.3.1.1.1. 6.3.1.2. Market Share & Forecast 6.3.1.2.1. By Type 6.3.1.2.2. By Host Polymer 6.3.1.2.3. By End User 6.3.2. India Impact Modifier Market Outlook 6.3.2.1. Market Size & Forecast By Value & Volume 6.3.2.1.1. 5
Table of Contents S. No. Contents Page No. 6.3.2.2. Market Share & Forecast 6.3.2.2.1. By Type 6.3.2.2.2. By Host Polymer 6.3.2.2.3. By End User 6.3.3. Japan Impact Modifier Market Outlook 6.3.3.1. Market Size & Forecast By Value & Volume 6.3.3.1.1. 6.3.3.2. Market Share & Forecast 6.3.3.2.1. By Type 6.3.3.2.2. By Host Polymer 6.3.3.2.3. By End User 6.3.4. South Korea Impact Modifier Market Outlook 6.3.4.1. Market Size & Forecast By Value & Volume 6.3.4.1.1. 6.3.4.2. Market Share & Forecast 6.3.4.2.1. By Type 6.3.4.2.2. By Host Polymer 6.3.4.2.3. By End User 6
Table of Contents S. No. Contents Page No. 6.3.5. Australia Impact Modifier Market Outlook 6.3.5.1. Market Size & Forecast By Value & Volume 6.3.5.1.1. 6.3.5.2. Market Share & Forecast 6.3.5.2.1. By Type 6.3.5.2.2. By Host Polymer 6.3.5.2.3. By End User 7. Europe Impact Modifier Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Host Polymer 7.2.3. By End User 7.2.4. By Country 7.3. Europe: Country Analysis 7.3.1. France Impact Modifier Market Outlook 7.3.1.1. Market Size & Forecast By Value & Volume 7.3.1.1.1. 7
Table of Contents S. No. Contents Page No. 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Type 7.3.1.2.2. By Host Polymer 7.3.1.2.3. By End User 7.3.2. Germany Impact Modifier Market Outlook 7.3.2.1. Market Size & Forecast By Value & Volume 7.3.2.1.1. 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Type 7.3.2.2.2. By Host Polymer 7.3.2.2.3. By End User 7.3.3. United Kingdom Impact Modifier Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value & Volume 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Type 7.3.3.2.2. By Host Polymer 7.3.3.2.3. By End User 8
Table of Contents S. No. Contents Page No. 7.3.4. Italy Impact Modifier Market Outlook 7.3.4.1. Market Size & Forecast By Value & Volume 7.3.4.1.1. 7.3.4.2. Market Share & Forecast 7.3.4.2.1. By Type 7.3.4.2.2. By Host Polymer 7.3.4.2.3. By End User 7.3.5. Spain Impact Modifier Market Outlook 7.3.5.1. Market Size & Forecast By Value & Volume 7.3.5.1.1. 7.3.5.2. Market Share & Forecast 7.3.5.2.1. By Type 7.3.5.2.2. By Host Polymer 7.3.5.2.3. By End User 8. North America Impact Modifier Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Host Polymer 8.2.3. By End User 8.2.4. By Country 9
Table of Contents S. No. Contents Page No. 8.3. North America: Country Analysis United States Impact Modifier Market Outlook 8.3.1. 8.3.1.1. Market Size & Forecast By Value & Volume 8.3.1.1.1. 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Type 8.3.1.2.2. By Host Polymer 8.3.1.2.3. By End User 8.3.2. Mexico Impact Modifier Market Outlook 8.3.2.1. Market Size & Forecast By Value & Volume 8.3.2.1.1. 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Type 8.3.2.2.2. By Host Polymer 8.3.2.2.3. By End User 8.3.3. Canada Impact Modifier Market Outlook 8.3.3.1. Market Size & Forecast By Value & Volume 8.3.3.1.1. 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Type 10
Table of Contents S. No. Contents Page No. 8.3.3.2.2. By Host Polymer 8.3.3.2.3. By End User 9. South America Impact Modifier Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Host Polymer 9.2.3. By End User 9.2.4. By Country 9.3. South America: Country Analysis 9.3.1. Brazil Impact Modifier Market Outlook 9.3.1.1. Market Size & Forecast By Value & Volume 9.3.1.1.1 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Type 9.3.1.2.2. By Host Polymer 9.3.1.2.3. By End User 9.3.2. Argentina Impact Modifier Market Outlook 11
Table of Contents S. No. Contents Page No. 9.3.2.1. Market Size & Forecast By Value & volume 9.3.2.1.1 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Type 9.3.2.2.2. By Host Polymer 9.3.2.2.3. By End User 9.3.3. Colombia Impact Modifier Market Outlook 9.3.3.1. Market Size & Forecast By Value & Volume 9.3.3.1.1 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Type 9.3.3.2.2. By Host Polymer 9.3.3.2.3. By End User 10. Middle East & Africa Impact Modifier Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Type 10.2.2. By Host Polymer 10.2.3. By End User 10.2.4. By Country 12
Table of Contents S. No. Contents Page No. 10.3. Middle East & Africa : Country Analysis South Africa Impact Modifier Market Outlook 10.3.1. 10.3.1.1. Market Size & Forecast By Value & Volume 10.3.1.1.1. 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Type 10.3.1.2.2. By Host Polymer 10.3.1.2.3. By End User 10.3.2. Saudi Arabia Impact Modifier Market Outlook 10.3.2.1. Market Size & Forecast By Value & Volume 10.3.2.1.1. 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Type 10.3.2.2.2. By Host Polymer 10.3.2.2.3. By End User UAE Impact Modifier Market Outlook 10.3.3. 10.3.3.1. Market Size & Forecast By Value & Volume 10.3.3.1.1. 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Type 13
Table of Contents S. No. Contents Page No. 10.3.2.2.2. By Host Polymer 10.3.2.2.3. By End User 17. Market Dynamics 17.1. Drivers 17.2. Challenges 18. Market Trends & Developments 19. Impact of COVID-19 on Global Impact Modifier Market 20. Competitive Landscape 21. Strategic Recommendations 22. About Us & Disclaimer 14
RESEARCH METHODOLOGY
Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation In-depth secondary research was conducted to determine top players in the global impact modifier market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global impact modifier market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments ✓ ✓ Market Participants ✓ Identifying Key Opinion Leaders Actionable Insights Data Filter & Analysis Business Solution Market Changing Aspects/Dynamics Research & Intelligence Data Collection Key Strengths ✓ ✓ Questionnaire Design ✓ ✓ Government Policies In-depth Interviews Conclusion Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 16
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global impact modifier market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as the growing construction, automotive, packaging and consumer goods sectors coupled with growing technological advancements. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global impact modifier market. Methodology Followed for Calculation of Market Size: Market Size by Value & Volume : Market size, in terms of value & volume, for the year 2019 was calculated based on information collected • through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as impact modifier companies, channel partners, market influencers & end users, industry experts, and other industry participants. The team interviewed more than 15 – 20 impact modifier companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain • stakeholders in the global impact modifier market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 17
Research Methodology Respondents were asked about the current and future market growth rates, market shares by type, by host polymer, end user, by region, and by • company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by type, by host polymer, by end user, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of impact modifier markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global impact • modifier market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 18
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources Arkema Inc. Akzo Nobel N.V. Mitsubishi Chemical Corporation Formosa Plastics Corporation Shandong Ruifeng Chemical Co., Ltd. Xiamen Coace Plastic Technology Co., Ltd Shandong Donglin New Material Co., Ltd Kaneka Corporation The Dow Chemical Company LG Chemical Ltd. Weihai Jinhass Chemical Co., Ltd Zibo Huaxing Additives Co., Ltd Dupont De Nemours, Inc Chemtura Corporation ▪ World Bank ▪ TechSci Research Proprietary Database & Knowledge Repository ▪ Company Annual Reports ▪ Industry Magazines ▪ Industry Reports ▪ News Dailies ▪ Credible Paid Databases • • • • • • • • • • • • • • 19
Industry Brief According to TechSci Research report, “Global Impact Modifier Market By Type, By Host Polymer, By End User, By Region, Competition, Forecast & Opportunities, 2025”, the global impact modifier market is forecast to surpass $ 1.5 billion by 2025, driven by the rising demand from end user industries including construction, automotive, packaging and consumer goods. In 2020, consumption of impact modifiers is expected to significantly decline on account of declining demand from various end-use sectors due to the impact of COVID-19 pandemic. All the major end user sectors are being hit in an unprecedented way by the spread of COVID-19, thus resulting in decline in demand for impact modifiers. The global impact modifier market is segmented based on type of impact modifier, host polymer, end user, and region. In terms of different types of impact modifiers, Acrylic (AIM - Acrylic Impact Modifiers) are forecast to continue their market dominance, followed by CPE (Chlorinated Polyethylene), ABS (Acrylonitrile Butadiene Styrene), MBS (Methacrylate-Butadiene- Styrene) and EPDM (Ethylene Propylene Diene Monomer). Based on end user segmentation, the market can be fragmented into construction, automotive, packaging, consumer goods and others. The construction segment is expected to continue its dominance in the global impact modifier market, followed by automotive, packaging and consumer goods end use segments. Among all the host polymer segments, PVC and PMMA dominate the market, and this trend is expected to continue during the forecast period. Asia Pacific is expected to continue its dominance in the global impact modifier market through 2025. Major players operating in the global impact modifier market are Arkema Inc., Akzo Nobel N.V, The Dow Chemical Company, Dupont De Nemours, Inc, Formosa Plastics Corporation, Chemtura Corporation, Kaneka Corporation, LG Chemical Ltd., Mitsubishi Chemical Corporation, Shandong Rulfeng Chemical Co., Ltd and others. “Asia Pacific is expected to dominate the impact modifier market during the forecast period, owing to consistent growth in end user industries across the region. Additionally, China is and will remain among the largest suppliers of impact modifiers. Furthermore, the key manufacturers operating in the market are focusing on expanding their business in the region, which is expected to positively impact the market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 20
Sample Data - Snapshot Global Impact Modifier Market Size, By Value (USD Million) & Volume (Thousand Tonnes), 2015–2025F 15.00 110.00 14.00 100.00 13.00 90.00 12.00 80.00 11.00 70.00 10.00 60.00 9.00 50.00 8.00 40.00 7.00 30.00 6.00 20.00 5.00 10.00 CAGR By Value & Volume XX% CAGR By Value & Volume YY% 2015 2019 2020E 2025F By Value (USD Million) By Volume (Thousand Tonnes) Europe Impact Modifier Market Share, By Type, By Value, 2015–2025F CPE ABS MBS Acrylic EPDM Others 15% 15% 15% 15% 15% 25% 2025F 15% 15% 15% 15% 15% 25% 2024F 15% 15% 15% 15% 15% 25% 2023F 15% 15% 15% 15% 15% 25% 2022F 15% 15% 15% 15% 15% 25% 2021F 15% 15% 15% 15% 15% 25% 2020E 15% 15% 15% 15% 15% 25% 2019 15% 15% 15% 15% 15% 25% 2018 15% 15% 15% 15% 15% 25% 2017 15% 15% 15% 15% 15% 25% 2016 15% 15% 15% 15% 15% 25% 2015 Germany Impact Modifier Market Share, By Host Polymer, By Value, 2015–2025F PMMA Polyolefin PVC Polyester Polyamide PC 16% 16% 16% 16% 16% 20% 2025F 16% 16% 16% 16% 16% 20% 2024F 16% 16% 16% 16% 16% 20% 2023F 16% 16% 16% 16% 16% 20% 2022F 16% 16% 16% 16% 16% 20% 2021F 16% 16% 16% 16% 16% 20% 2020E 16% 16% 16% 16% 16% 20% 2019 16% 16% 16% 16% 16% 20% 2018 16% 16% 16% 16% 16% 20% 2017 16% 16% 16% 16% 16% 20% 2016 16% 16% 16% 16% 16% 20% 2015 21
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About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Global Friction Modifiers Market, By Type (Organic (Fatty acids, Esters & Amides and Functional polymers) and Inorganic (Molybdenum Compounds and Nanoparticles)), By Application (Transportation Lubricants (Commercial Vehicle, Passenger Vehicle, Aviation, Marine) and Industrial Lubricants), By Company and By Geography, Forecast & Opportunities,2023 • Global Plastic Additives Market By Type (Plasticizers, Flame Retardants, Impact Modifiers, Stabilizers, Lubricants, Blowing Agents and Others), By Function, By Plastic, By End Use Industry, By Region, CompetitionForecast & Opportunities,2013 – 2023 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.