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Impact Modifiers Market Trends

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

Impact Modifiers Market Trends

The impact modifiers industry is currently witnessing several notable trends that are shaping its trajectory. One prominent trend is the increasing focus on sustainable and environmentally friendly solutions, with a growing demand for bio-based impact modifiers. This trend aligns with the broader industry shift towards eco-friendly materials, driven by consumer awareness and stringent environmental regulations. Additionally, technological advancements in polymer science are driving innovations, leading to the development of high-performance impact modifiers with enhanced properties. The market is also experiencing a surge in strategic collaborations and partnerships among key players to capitalize on synergies and broaden their product portfolios. As industries like automotive and construction continue to seek lightweight yet robust materials, the market is expected to see sustained growth, propelled by these evolving trends.
 

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

Impact Modifiers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 272
  • Countries covered: 21
  • Pages: 272
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