Lucintel’s latest market report analyzed that impact modifiers in the global plastic additive provides attractive opportunities in the packaging, construction, consumer good, and automotive industries. The impact modifiers in the global plastic additive market is expected to reach $3.1 billion by 2028 with a CAGR of 5.4%. In this market, PVC is the largest segment by application, whereas packaging is largest by end use industry.
Based on application, the impact modifiers in the global plastic additive market is segmented into PVC, polyamide, polyesters, and engineering plastics. The PVC segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its wider usage in various applications, such as construction, automotive, and packaging industries, owing to its high optical and tensile properties, flammability, and improved durability and toughness.
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The Impact Modifiers in the Global Plastic Additive Market is marked by the presence of several big and small players. Some of the prominent players offering impact modifiers in the global plastic additive include Dow, LG Chem, Kaneka Corporation, Arkema, and Mitsubishi Chemical Corporation.
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