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Impact Modifiers Market Share

Report ID: GMI7962
Published Date: Jan 2024
Report Format: PDF

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Impact Modifiers Market Share

The impact modifiers industry is moderately fragmented, with a mix of large global players, regional players, and niche companies. The top five companies (Arkema SA, BASF SE, Evonik Industries AG, Kaneka Corporation, LANXESS AG) likely hold around 30-35% of the market share, leaving the remaining majority to smaller players catering to specific regions, product types, or customer segments. Competition is intense, with companies employing various strategies like bulk discounts, loyalty programs, and contract agreements to secure market share.

Impact Modifiers Market Companies

Major players operating in the impact modifiers industry include:

Arkema SA
BASF SE
Evonik Industries AG
Kaneka Corporation
LANXESS AG

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for impact modifiers was USD 5.5 billion in 2023 and is expected to register over 5.9% CAGR from 2024-2032 owing to the rising awareness of the need for sustainable and environmentally friendly materials worldwide.

Impact modifiers industry from the acrylonitrile butadiene styrene (ABS) segment reached USD 2.5 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 owing to its widespread use in the automotive and construction industries.

North America industry size crossed USD 1.9 billion by 2023 and is expected to register a commendable CAGR from 2024-2032 due to the widespread usage in various culinary applications, and the growing inclination towards natural flavors in the region.

Arkema SA, BASF SE, Evonik Industries AG, Kaneka Corporation, and LANXESS AG are some of the major impact modifiers companies worldwide