Market Size of Impact Modifier Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Impact Modifier Market Analysis
The Impact Modifier Market is expected to register a CAGR of more than 6.25% during the forecast period.
The impact of the COVID-19 pandemic was negative as the major end-user industries of the market were shut, such as construction and automotive. But by 2021, the market had returned to where it was before the pandemic, and it is expected to grow steadily over the next few years.
- The growing demand from the PVC segment and packaging industry has been driving market growth.
- However, environmental regulations on using certain compounds to produce impact modifiers hinder the market.
- The technological advancements in impact modifiers for rubber and sustainable bioplastic packaging are expected to provide opportunities for the impact modifier market over the next five years.
- Asia-Pacific dominated the global market, with the largest consumption in countries such as China and India.
