Government initiatives to support adoption of 3D printing high performance plastic technologies in different industries

3D printing is being used in various industries across the globe as it reduces the operating time and cost and enables mass production of goods. Governments of different countries around the world are taking initiatives to support the adoption of 3D printing high performance plastic in various industries. For instance, in 2018, the UK government announced an investment of approximately USD 150 million to the Advanced Manufacturing Research Centre in Rotherham and Sheffield and the Nuclear Advanced Manufacturing Research Centre in Rotherham. Furthermore, in 2016, the South Korean government announced a further investment in 3D printing to adopt it in various sectors. The UK government issued a funding call for about USD 5.5 million for 3D printing in 2016. In December 2020, the Government of India’s Ministry of Electronics and Information formulated a 3D printing policy to develop a conducive ecosystem for local firms.

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Government initiatives such as reimbursement policies and funding, coupled with various mergers and acquisitions among small and big firms for technological advancement, are boosting the growth of the 3D printing high performance plastic market. Initiatives by governments of different countries of Europe and Asia Pacific regions to carry out improvements in 3D printing technologies have led to the increased demand for these materials in various industries. 3D printing high performance plastic.

The global 3D printing high performance plastic market is expected to grow from USD 72 million in 2020 to USD 202 million by 2025, at a CAGR of 22.9% during the forecast period. Increasing demand from high end-use industries, growing novel application in tooling and proptotying, and government supportive activities to promote the usage of 3D printing materials is driving the growth of the market.

Medical & healthcare industry dominates the market

The medical & healthcare industry led the 3D printing high performance plastic market. The industry is continuously looking to adopt breakthrough technologies and materials to cater to the medical requirements of humans. High compatibility of 3D printing high performance plastic such as polyamide has increased its application in making of medical devices, surgical equipment, prosthetics & implants, and tissue engineering products supporting the growth of the market.

North America to continue the similar growing trend in the 3D printing high performance plastic market

North America held the largest share in 3D printing high performance plastic market and is projected to continue the similar trend over the projected period. Manufacturers of 3D printing materials in North America are putting efforts by undertaking new product launch, collaboration, and other strategies. For instance, in September 2018, Stratasys Ltd. signed a multi-year technical partnership with Team Penske (US). Team Penske will be using advanced materials, such as Carbon Fiber-filled Nylon 12, in additive manufacturing for advanced car testing, production parts, and prototypes. The partnership is aimed at innovating new materials in 3D printing to increase output and improve vehicle performance.

Arkema S.A. (France), Royal DSM N.V. (the Netherlands), Stratasys, Ltd. (US), Evonik Industries AG (Germany), 3D Systems Corporation (US), EOS GmbH Electro Optical Systems (Germany), Victrex plc. (UK), Solvay (Belgium), Oxford Performance Materials (US) , and SABIC (Saudi Arabia) are some of the key players in the 3D printing high performance plastic market.. These players have taken different organic and inorganic developmental strategies over the past five years.

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Growing penetration of reinforced 3D printing high performance plastics in functional part manufacturing

 

The demand for reinforced 3D printing high performance plastics is increasing for functional part manufacturing. These grades offer optimum performance in extreme conditions such as corrosive and high temperature/pressure environments. Carbon fibers and glass fibers are added to PEEK, PEKK, and polyamide to enhance their performance. Novamid ID1030 CF10, offered by Royal DSM, is a 3D printing grade high-quality polyamide that is 10% carbon-reinforced. Novamid finds a variety of applications ranging from automotive to packaging. Another manufacturer from the US, Stratasys, Ltd., provides FDM Nylon 12 CF, which is polyamide (PA)12 thermoplastic filament reinforced with chopped carbon fiber 35% by weight. The material has the highest flexural strength of any thermoplastic, leading to the highest stiffness-to-weight ratio. The combination of lightweight and high strength and stiffness makes it an ideal replacement for heavier metal components in applications such as functional prototypes and selective end-use parts.

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The global 3D printing high performance plastic market is expected to grow from USD 72 million in 2020 to USD 202 million by 2025, at a CAGR of 22.9% during the forecast period. Increasing demand from high end-use industries, growing novel application in tooling and proptotying, and government supportive activities to promote the usage of 3D printing materials is driving the growth of the market.

North America to continue the similar growing trend in the market

North America held the largest share in 3D printing high performance plastic market and is projected to continue the similar trend over the projected period. Manufacturers of 3D printing materials in North America are putting efforts by undertaking new product launch, collaboration, and other strategies. For instance, in September 2018, Stratasys Ltd. signed a multi-year technical partnership with Team Penske (US). Team Penske will be using advanced materials, such as Carbon Fiber-filled Nylon 12, in additive manufacturing for advanced car testing, production parts, and prototypes. The partnership is aimed at innovating new materials in 3D printing to increase output and improve vehicle performance.

Arkema S.A. (France), Royal DSM N.V. (the Netherlands), Stratasys, Ltd. (US), Evonik Industries AG (Germany), 3D Systems Corporation (US), EOS GmbH Electro Optical Systems (Germany), Victrex plc. (UK), Solvay (Belgium), Oxford Performance Materials (US) , and SABIC (Saudi Arabia) are some of the key players in the 3D printing high performance plastic market.. These players have taken different organic and inorganic developmental strategies over the past five years.

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North America is expected to lead the thermoforming plastic market

The thermoforming plastic market size is growing due to the rising healthcare & pharmaceuticals and food & agriculture packaging industries and increasing manufacturing activities. The increasing popularity of retail shopping and rising consumer spending for processed & packed goods are fueling the demand for thermoforming plastic. Factors such as changing demographics and lifestyles have shifted the market toward e-retailing channels and convenient packaging, which in turn will drive the demand for thermoforming plastic. The thermoforming plastic industry is expected to grow from USD 34.8 billion in 2019 to USD 45.9 billion by 2024, at a CAGR of 5.7% during the forecast period.

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North America accounted for the largest share in the global thermoforming plastic market in 2018. Technological advancements in the packaging industry primarily drive the market in this region. The demand for thermoforming plastic will be driven by factors such as increasing electronic goods sales, high disposable income, increasing demand for packaged foods, and demographic changes. The region is characterized by continuous technological advancements in the thermoforming plastic industry with the presence of some key regional players such as Pactiv LLC, Sonoco Products Company, D&W Fine Pack LLC, Fabri-Kal Corporation and Dart Container Corporation.

The US is a key market in North America. The increasing demand for consumer durables will drive the market for in the U.S. as thermoforming plastic finds growing use in it. The demand for thermoforming plastic in the US is likely to witness robust growth during the forecast period, as a result of the rising trend of retail shopping.

Sabert Corporation (US) is one of the prime manufacturers of thermoforming plastic in the North American region. Sabeart Corporation is a leading manufacturer of innovative food packaging products and solutions for food distributors, restaurants & caterers, grocery stores, national food chains, and consumer entertaining. The company provides a variety of food packaging for displaying, serving, & storing fine food. The company also recycles plastics going to landfill in Riverside, CA facility. The main products provided by the company include Catering Collection Packaging, Green Collection Packaging, Hot Collection Packaging, Cold Collection Packaging, and Bakery Collection Packaging. It is involved in implementing business strategies such as expansion, and acquisition to increase its market share around the globe. For instance, in February 2018, Sabert Corporation expanded its manufacturing facility, located in Greenville, Texas, for manufacturing 100% compostable packaging made from plant-based materials. This helped the company to deliver more options to its customers.

The thermoforming plastic market comprises major solution providers, such as Fabri-Kal Corp. (US), Berry Global Inc. (US), Genpak LLC (US), Pactiv LLC (US), D&W Fine Pack LLC (US), Amcor Ltd. (Australia), Dart Container Corp. (US), Anchor Packaging (US), Sabert Corporation (US), Sonoco Products Company (US). The study includes an in-depth competitive analysis of these key players in the thermoforming plastic market, with their company profiles, recent developments, and key market strategies.

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APAC is expected to account for the largest market for Healthcare Adhesive Tapes

APAC has emerged as the leading consumer and producer of healthcare adhesive tapes. The easy availability of low-cost labor and economical & accessible raw materials are driving foreign investments, thereby increasing the production of healthcare adhesive tapes in the region. The market in APAC is mainly driven by China, which is the leading consumer of healthcare adhesive tapes, globally.

India is expected to be the fastest-growing healthcare adhesive tapes market in APAC during the forecast period. The Indian healthcare & hygiene sector is witnessing a phase of rapid transformation and growth, mainly driven by infrastructure development, changing lifestyle and buyers’ preferences. This is expected to drive the healthcare adhesive tapes market in the APAC region. Many international companies are investing in China and India to cater to the market demand.

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The healthcare adhesive tapes market is projected to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period. The major factor driving the healthcare adhesive tapes market includes the increase in demand for surgeries, wound dressings, hygiene, transdermal drug delivery, and many others, owing to their advantages in many medical applications. These adhesive tapes have wide acceptability due to factors such as low cost and easy availability, as compared to traditional medical procedures.

It comes in a variety of lengths and widths that are designed to meet a wide range of bandaging needs. The growth of the market is due to the increasing use of these tapes in wound care and for surgery in emerging economies such as India, China, Thailand, Indonesia, Brazil, and Argentina.

Designed specifically for use in healthcare applications, adhesive tape bandages may be used on fragile or at-risk skin, as well as in moist skin environments. Air permeable, they allow outside air to penetrate and reach the underlying dressing or skin, creating a “breathable” healing and support solution. Transdermal drug delivery patches are used in therapeutic systems to deliver the drug at a controlled rate in a systematic circulation of discrete dosage by utilizing the passive diffusion of drugs when applied to the skin. These tapes deliver the infusion of the drug over a period of time and can be terminated any time by removing the patch. These tapes are similar to the wound tapes, flat and they consist active pharmaceutical ingredients and adhesives which deliver the drugs to the body via human skin.

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Key Market Players
The major vendors in the healthcare adhesive tapes market are 3M (US), Cardinal Health, Inc. (US), Nitto Denko Corporation (Japan), Johnson & Johnson Services, Inc. (US), PAUL HARTMANN AG (Germany), Avery Dennison Corporation (US), NICHIBAN Co., Ltd. (Japan), Smith & Nephew (UK), Lohmann GmbH & Co.KG (Germany), Scapa Group Plc (US), Medline Industries Inc. (US), and Essity Aktiebolag (PUBL) (Sweden). Nitto Denko Corporation (Japan), is one of the largest healthcare adhesive tapes companies. This company has a strong global presence. It has a diversified product portfolio to cater to end-use industries according to their requirements. To sustain its dominating position, the company may enter into new industries and target new markets.

Growing demand from the food packaging and pharmaceutical industry to drive the Thermoforming Plastic market growth

The thermoforming plastic market size is estimated to be USD 34.8 billion in 2019 to USD 45.9 billion by 2024, at a CAGR of 5.7% during the forecast period. The food industry represents the largest consumption group for thermoforming plastics. The key classifications found in the food & agriculture packaging industry include fresh produce, processed food, and non-perishables. As thermoforming plastic provides better protection from moisture, bacteria, and odor, it is ideal for packaging food for a more extended period. Blister packaging is the predominantly used type of thermoforming plastic in the medical sector, as it is easy to peel and convenient to handle. Moreover, pharmaceutical products require protection from moisture, leakage, microorganisms, and other environmental conditions, which is provided by blister packaging.

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In-mold labeling (IML) technology in the thermoforming market is has made the manufacturing process cost-effective. Now, companies are introducing new products with IML, especially in the European market. IML has enormous potential to penetrate in other regions as well. IML allows the manufacturers to save time and money by integrating the labeling process directly into the thermoforming process. This new technology of IML enables the thermoformers to save up to 20% in resin cost by light-weighting containers with IML. IML technology is a huge opportunity for thermoformers in the thermoforming plastic market.

Rising demand from emerging economies such as China, India, and Brazil is the potential opportunity in the market. The increase in per capita income, double-income families, industrialization, and technological advancements in manufacturing could lead to tremendous growth in the thermoforming plastic market in these countries. The rise in living standards and changes in lifestyles in developing countries contribute to the development of the convenience packaging market and consequently impact the thermoforming plastic market. According to the India Brand Equity Foundation (IBEF), the Indian healthcare sector is projected to progress at a 15% CAGR to reach USD 158.2 billion by 2017. However, the biggest challenge for market growth is compliance with stringent regulations for thermoforming plastic.

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The top players in the thermoforming plastic market have implemented various strategies in the market. For instance, in April 2018, Sonoco Products Company (US) acquired Highland Packaging Solutions (US), a leading manufacturer of thermoformed packaging for fresh fruits, vegetables, and eggs. This helped the company to expand its thermoforming packaging capabilities for fresh products. In September 2018, D&W Fine Pack LLC expanded its line of TamperSmart brand packaging. This was done to provide even more products with tamper-evident features. This helped the company to fulfill the growing demand for the grab-and-go sector of food packaging.

Bioplastics & Biopolymers and Its Key Opportunities and Challenges

The market size of bioplastics& biopolymers is estimated at USD 6.95 billion in 2018 and is projected to reach USD 14.92 billion by 2023, at a CAGR of 16.5% from 2018 to 2023.

Growing consumption of bioplastics & biopolymers in the packaging industry, growing demand for bioplastics, and increasing environmental awareness drive the bioplastics & biopolymers market, globally.

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The use of bio-based products is expected to increase owing to the growing environmental regulations. Thus, the bioplastics & biopolymers market is expected to witness high growth during the forecast period. Moreover, various regulations, such as banning or implementing additional surcharges on the usage of conventional plastics in shopping bags, packaging materials, and disposables applications, discourage the use of conventional plastics. This factor help in promoting bio-based and biodegradable products, thereby driving the bioplastics & biopolymers market.

Non-biodegradable bioplastics & biopolymers is the fastest-growing type owing to their low price coupled with durability and robustness. These are used to substitute the plastics in applications such as shopping bags, food packaging, and disposables. Key end users are adopting these bioplastics to enhance their contribution to sustained growth. For instance, Coca-Cola introduced the Plant Bottle technology, where PET had been made from bio-based monoethylene glycol (from sugarcane) and terephthalic acid (from petrochemicals).

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Packaging is the fastest-growing end-use industry for bioplastics & biopolymers. The high growth in this segment is owing to the increasing use of bioplastics for manufacturing single-use compostable packaging materials including carry bags, food packaging, boxes, and laminating films. Bioplastics are widely used in food packaging, which is expected to witness a high growth potential during the forecast period.

APAC is the fastest-growing market for bioplastics & biopolymers. In this region, there has been an increase in the consumption of bioplastics & biopolymers because of new regulations as well as marketplace advertising. Government regulations in APAC regarding the ban on plastic bags and global warming initiatives are also driving the market. In APAC, the market in China is expected to grow rapidly due to new capacity additions and government legislation. The consumer awareness regarding sustainable plastics along with the pressure from retailers contributes to the rising demand for bioplastics.

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New Product Development, Investment & Expansion, and Merger & Acquisition, to Expand their Presence in the Global Healthcare Adhesive Tapes Market.

The healthcare adhesive tapes market size is projected to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period. The major factors driving the healthcare adhesive tapes market are identified as the rising number of surgeries, increasing incidence of diabetes, and the growing number of ambulatory surgery centers. Also, research institutions and various manufacturers are taking initiatives and making huge investments in R&D for the technological development of healthcare adhesive tapes, and the improvement of their properties for use in various applications.

The major healthcare adhesive tapes vendors include 3M (US), Cardinal Health, Inc. (US), Nitto Denko Corporation (Japan), Johnson & Johnson Services, Inc (US), PAUL HARTMANN AG (Germany), Avery Dennison Corporation (US), NICHIBAN Co., Ltd. (Japan), Smith & Nephew (UK), Lohmann GmbH & Co.KG (Germany), Scapa Group Plc (US), Medline Industries Inc. (US), and Essity Aktiebolag (PUBL) (Sweden). These players have adopted various growth strategies, such as new product development, investment & expansion, and merger & acquisition, to expand their presence in the global healthcare adhesive tapes market. Merger & acquisition has been the most dominating strategy adopted by major players between 2015 and 2018, which help them broaden their customer base.

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In-line with the rising demand for healthcare adhesive tapes, 3M (US) has been working to deliver efficient healthcare adhesive tapes products to various applications in the healthcare industry. This company operates through business segments such as Industrial, Safety and Graphics, Electronics & Energy, Health Care, and Consumer. The company offers healthcare adhesive tapes products which are used in application such as wound care dressing, diagnostic, surgical drapes, diapers, and others. In November 2018, the company launched a high-adhesion Durapore medical adhesive tape, designed to provide safe, reliable critical tube securement in challenging conditions such as high-moisture environments. Similarly, in August 2017, 3M added 3M 4076 Extended Wear Medical Tape to its portfolio. The product is nonwoven, long-term wear and an acrylic-based adhesive solution designed to increase patient comfort and provide a strong and reliable bond in challenging applications.

The second most active company in healthcare adhesive tapes is Cardinal Health (US). The US-based firm operates as an integrated healthcare service and products company. It provides medical products and pharmaceuticals, and solutions that enhance supply chain efficiency for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. The company operates through two segments, Pharmaceutical and Medical. To enhance its market in the healthcare industry, in July 2017, the company acquired Medtronic’s Patient Care, Deep Vein Thrombosis, and Nutritional Insufficiency business for USD 6.1 billion. This acquisition provides more products which are used across a wide range of applications in the healthcare industry.

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Healthcare Adhesive Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (Paper, Fabric, Plastic), Application (Surgery, Hygiene, Wound Dressing, Secure Iv Lines, Ostomy Seal, Splint, Bandages, Diagnostic), and Region – Forecast to 2023

The Asia Pacific medical adhesive tapes market is expected to grow at the highest CAGR during the forecast period

The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, which can be attributed to the rising demand for medical adhesive tapes from economies of the Asia Pacific region, including India, China, South Korea, Vietnam, Taiwan, and Singapore, among others. The robust demand in the Asia Pacific is a major driving factor in the global medical adhesive tapes market. China is expected to lead the demand for medical adhesive tapes due to increased industrial production. It is also among the largest consumers of medical adhesive tapes at the global level.

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The growth of the market is restrained by the increasing pricing pressure on market players. Advanced and active wound care products are expected to cannibalize the market for medical adhesive tapes in the coming years considering their effectiveness, coupled with the limitations of basic/traditional wound dressings.

Key players operating in the medical adhesive tapes market include 3M Company (US), Medtronic Plc (Ireland), Nitto Denko Corporation (Japan), Johnson & Johnson (US), Smith & Nephew Plc (UK), Nichiban Co., Ltd. (Japan), PAUL HARTMANN AG (Germany), and Avery Dennison Corporation (US), among others.

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The global medical adhesive tapes market is estimated at USD 6.64 Billion in 2017, and is projected to reach USD 8.76 Billion by 2022, at a CAGR of 5.69% from 2017 to 2022.  The demand for medical adhesive tapes has been increasing rapidly in applications such as surgeries, wound dressings, secure IV lines, splints, and ostomy seals, among others. The rising number of surgeries and high demand for medical products in the Asia Pacific are the key factors contributing to the growth of the market.

The medical adhesive tapes market is segmented based on resin type into acrylic, silicone, and rubber medical adhesive tapes. The silicone medical adhesive tapes segment is expected to grow at a higher CAGR during the forecast period, 2017 to 2022. Over the past few years, the demand for silicone medical adhesive tapes has increased in the stick-to-skin market in the medical sector. These medical adhesive tapes have lower peel adhesion compared to synthetic rubber and acrylic tapes. However, research and development is required to broaden the use of silicone medical adhesive tapes in varied applications.

Flock Adhesives Market worth 3.18 Billion USD by 2022

The report “Flock Adhesives Market by Resin Type (Acrylics, Polyurethane, Epoxy Resin), Application (Automotive, Textiles, Paper & Packaging), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Global Forecast to 2022″, The global flock adhesives market is projected to grow from USD 2.35 Billion in 2017 to USD 3.18 Billion by 2022, at a CAGR of 6.3% in terms of value. Factors driving the growing use of flock adhesives are the application expansion achieved through the improved quality of flock adhesives and increased demand for coated fabrics and luxury products. Growth in applications, especially in the emerging markets of Asia Pacific, and the shift in consumer preference toward high-quality and decorative products are driving the growth of the flock adhesives market.

Browse 106 Market Data Tables and 24 Figures spread through 146 Pages and in-depth TOC on “Flock Adhesives Market by Resin Type (Acrylics, Polyurethane, Epoxy Resin), Application (Automotive, Textiles, Paper & Packaging), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Global Forecast to 2022”https://www.marketsandmarkets.com/Market-Reports/flock-adhesive-market-240810348.html
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The polyurethane segment is projected to lead the flock adhesives market during the forecast period from 2017 to 2022.

In terms of value, the polyurethane segment is projected to lead the flock adhesives market during the forecast period. The growth of the polyurethane-based adhesives segment is supported by various factors, including the high elongation and stronger bonding properties. These are used in bonding windscreens and side and rear windows of passenger cars, trucks, and special vehicles. They are also used for bonding fiberglasses reinforced plastic elements, such as roof, side, and frontal panels. These also have an edge over silicone products as they can be easily painted, and offer a fissure-free coated surface for a long period of time.

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Among applications, the automotive segment is projected to grow at the highest CAGR during the forecast period, 2017 to 2022.

Among applications, the automotive segment is projected to grow at the highest CAGR during the forecast period, in terms of value. Flock adhesives are extensively used in car and other vehicle interiors. Flock adhesives play an important role in improving the aesthetics and performance of automobiles. Weight reduction of vehicles is the key to improve fuel efficiency and limiting pollutants. Flock adhesives are used for laminating, bonding, and assembling components of automotive interiors. Flock adhesives help original equipment manufacturers implement automobile weight reduction strategies and comply with stringent environmental regulations by keeping carbon emissions at a minimum level. This has presented a new growth opportunity for adhesives manufacturers.

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Asia Pacific is projected to lead the global flock adhesives market during the forecast period.

The Asia Pacific is projected to be the largest flock adhesives market during the forecast period. The Asia Pacific has emerged as the leading customer of flock adhesives owing to the increasing demand from various applications in the region, increasing disposable income, and easy access to resources. The growth of the flock adhesives market in the Asia Pacific region is mainly driven by China, which is experiencing substantial growth fueled by the rising investments in the infrastructure required for establishing manufacturing facilities for flock adhesives in the country.

According to the China Adhesive Association, China has maintained its position as the world’s leading market of flock adhesives, in terms of production and consumption. The growing middle-class population is one of the major drivers for the flock adhesives market in the Asia Pacific (particularly China). The middle-class population in countries such as China and India have been shifting towards purchasing luxury products such as cosmetics, watches, jewelry, and other luxury items. This trend is further expected to increase the demand for flock adhesives, as flocks are extensively used in improving the aesthetics of luxury products.

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Key players profiled in the report are Henkel (Germany), H.B. Fuller (US), Sika AG (Switzerland), Dow Chemical (US), Kissel + Wolf (KIWO) (Germany), LORD Corporation (US), Nyatex (US), Stahl Holdings (Netherlands), International Coatings (US), and Gemteks Tekstil Boyalari (Turkey), among others.

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Impact Modifier Market worth 2.73 Billion USD by 2021

The report “Impact Modifier Market by Type (ABS, AIM, ASA, MBS, EPDM, CPE, Others), Application (PVC, Nylon, PBT, Engineering Plastics, Others), End-Use Industry, & by Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) – Global Forecast to 2021″, The global impact modifiers market was valued at USD 2.14 Billion in 2016 and is projected to reach USD 2.73 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Rapid industrialization in the developing countries and the increased demand of impact modifiers in the construction and packaging industries, is expected to drive the market for impact modifiers.

Browse 115 market data tables and 52 figures spread through 148 pages and in-depth TOC on “Impact Modifier Market by Type (ABS, AIM, ASA, MBS, EPDM, CPE, Others), Application (PVC, Nylon, PBT, Engineering Plastics, Others), End-Use Industry, & by Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) – Global Forecast to 2021”https://www.marketsandmarkets.com/Market-Reports/impact-modifier-market-58674504.html
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PVC is the largest application segment of the global impact modifiers market

PVC is the largest application segment of the impact modifiers market. The growth of impact modifiers in PVC application is mainly attributed to its easy availability and low cost. The increasing applicability of PVC in varied end-use industries, such as packaging, construction, automotive, and consumer goods is another factor that is expected to drive the growth of the market in this segment.

Methacrylic-butadiene-styrene (MBS) is projected to dominate the global impact modifiers market by 2021

The Methacrylic-butadiene-styrene (MBS) segment is projected to grow at the highest CAGR from 2016 to 2021. MBS helps improve the impact strength of products, especially PVC finished products, which are mainly used in indoor applications. The environment friendliness of MBS is expected to further aid the growth of the impact modifiers market.

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Asia-Pacific is projected to dominate the global impact modifiers market

Asia-Pacific accounted for the largest market share in the global impact modifiers market in 2015. China was the largest market for impact modifiers in Asia-Pacific, followed by Japan and India. Manufacturers based in Europe and South America are strategically focusing on tapping the key growth markets in the Asia-Pacific region. The growth of the packaging, consumer goods, and automotive end-use industries in Asia-Pacific is expected to drive the growth of the impact modifiers market.

Some of the key players operating in the global impact modifiers market include E. I. du Pont de Nemours & Co. (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), Evonik Industries AG (Germany), and Clariant AG (Switzerland).

The market for impact modifiers has been segmented based on type, application, end-use industry, and region. The report focuses on current market trends and estimates, and provides a forecast from 2016 to 2021. The key strategic activities in this market, including mergers and acquisitions, partnerships, and new product launches or developments have also been covered, which provide deep insights about growth perspectives of the global impact modifiers market.

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