Monday, 2 September 2019

Impact modifiers market- Trends & Technological Advancements


The impact modifiers market is expected to reach USD 13.13 billion by 2021. The growth of the impact modifiers market is primarily triggered by the huge demand for plastic products from the packaging, construction, automotive, and consumer goods industries. The packaging was the largest end-use industry segment of the impact modifiers market. A wide variety of plastic products such as bottles, caps & closures, films & special films, transport crates, and containers & drums utilizes impact modifiers, thereby influencing the growth of the impact modifiers market.  
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The use of impact modifiers improves the properties of polymers, such as impact strength, toughness, and hardness. Impact modifiers are also used to maximize the performance of polymers. Advancements in impact modifiers have led to new developments in products with high efficiency and better impact strength.
The companies operating in the food and beverage industry are focusing on attractive and sophisticated product packaging with improved strength and endurance to gain consumer attention. This has led to the increased usage of impact modifiers, owing to their advanced properties, such as UV resistance, heat resistance, and high impact strength.

Factors such as increasing applicability of impact modifiers across varied end-use industries, technological advancements, and the growing demand for impact modifiers in the developing regions are expected to drive the growth of the impact modifiers market.
Packaging, construction, automotive, consumer goods are the significant-end uses of impact modifiers. The packaging segment is estimated to account for the largest share of the global impact modifiers market in 2016. Increasing demand for impact modifiers from the pharmaceutical and food packaging sectors is projected to drive the growth of the impact modifiers market in the packaging application. The growth in these end-use industries will consequently drive the growth of the market.
 In terms of value, the Methacrylate-Butadiene-Styrene (MBS) segment is expected to be the fastest-growing segment of the market from 2016 to 2021. This segment is anticipated to witness growth, owing to its increasing demand from the construction industry. The main advantages of MBS impact modifiers are that they are environment-friendly, cost-efficient, odorless, and have high impact strength.
Asia-Pacific is the largest market, both in terms of volume and value, followed by North America. Significant demand from developing countries such as China, and India, is projected to drive the global impact modifiers market. Most of the growth in China and India is being fueled by rising investments in infrastructure development and construction projects in these countries. Moreover, advancements in the electronics industry in major electronics manufacturing countries such as China, Japan, South Korea, and Taiwan have resulted in a solid turnaround in the consumption of impact modifiers in the region.
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