SAN FRANCISCO, December 5, 2018
SAN FRANCISCO, December 5, 2018 /PRNewswire/ --
The global impact modifier market size is expected to reach USD 5.11 billion by 2025, according to a new study by Grand View Research, Inc., exhibiting a CAGR of 5.8% during the forecast period. Surging demand for impact modifiers, particularly from the construction and automotive industries, is estimated to provide a fillip to the market during the forecast period.
Impact modifiers find wide application in packaging, consumer goods, automotive, construction, and other industrial sectors. The packaging sector is the most prominent application segment for impact modifiers. They are used for clear packaging applications that offer an ideal balance between crease whitening resistance and clarity. Rapid increase in the usage of plastic packaging in various end-use industries such as industrial goods, personal care, food & beverage, and household products is projected to fuel growth prospects.
PVC application will continue to provide substantial growth opportunities for the impact modifier market over the forecast period. Easy and low-cost availability is likely to boost the demand for the product in PVC applications over the forecast period. Engineering plastics will also be a promising application segment for the product.
Rising demand from major economies in Asia Pacific such as China and India in various end-use industries is anticipated to help the market gain momentum over the forecast period. However, volatility in raw material prices is posing a challenge to the growth of the market at global level. Furthermore, slow economic recovery and increasing environmental concerns are limiting the market from realizing its utmost potential.
Browse full research report with TOC on "Impact Modifier Market Size, Share & Trends Analysis Report By Application (Nylon, PVC, PBT, Engineering Plastics), By Product (AIM, ABS, MBS, CPE, EPDM, ASA), By End Use, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/impact-modifiers-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global impact modifier market on the basis of product, application, end-use, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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