The report "Impact Modifier Market by Type (ABS, AIM, ASA, MBS, EPDM, CPE, Others), Application (PVC, Nylon, PBT, Engineering Plastics, Others), End-Use Industry, & by Region (Asia-Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2021", The global impact modifiers market was valued at USD 2.14 Billion in 2016 and is projected to reach USD 2.73 Billion by 2021, at a CAGR of 5.0% from 2016 to 2021.

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Rapid industrialization in the developing countries and the increased demand of impact modifiers in the construction and packaging industries, is expected to drive the market for impact modifiers.

The impact modifiers market has been segmented on the basis of type, application, end-use industry, and region. The years considered for the study are:

• Base Year – 2015
• Estimated Year – 2016
• Projected Year – 2021
• Forecast Period – 2016 to 2021

ABS (Acrylonitrile Butadiene Styrene) and MBS (Methacrylate-butadiene-styrene) are the oldest impact modifiers used in plastic products. ABS combines the strength and rigidity of styrene polymers and acrylonitrile with the toughness of polybutadiene rubber. The significant properties of ABS impact modifiers are resistance and toughness. When this modifier is added to products, it improves their impact resistance, toughness, and heat resistance properties. PVC is the largest application segment of the impact modifiers market, and is projected to account for the largest share of the global impact modifiers market, in terms of volume, by 2021. This growth is mainly attributed to its easy availability and low cost as well as the increasing applicability of PVC among varied end-use industries, such as packaging, construction, automotive, and consumer goods.

Asia-Pacific is estimated to account for the largest market share of the global impact modifiers market in 2016, followed by North America. Asia-Pacific is also one of the fastest-growing regions in the impact modifiers market. The market in this region is anticipated to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the expansion in the construction sector in countries, such as China and India.

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The global impact modifiers market is fragmented with several well-established players and few small players. Established players in this market have an edge over small players in terms of product offerings, innovations, and distribution network. Some of the key players operating in the impact modifiers market include E.I. du Pont de Nemours & Co.  (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), Evonik Industries AG (Germany), and Clariant AG (Switzerland), among others. New product developments & launches, agreements, and expansions were significant growth strategies adopted by leading companies in this market.