The global Low Profile Additives Market size is anticipated to reach USD 1.24 billion by 2030, registering a CAGR of 5.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rapid growth of the end-use industries, such as construction, automotive, and electronics, is expected to drive product demand. Moreover, rising demand for shrink & bulk molding compounds (SMCs/BMCs) pultruded plastics and resin transfer molding (RTM) products in automobiles as well as construction and infrastructural activities is likely to propel product demand in coming years. Products, such as polyvinyl acetate (PVAc), polymethyl methacrylate (PMMA), polystyrene (PS), and high-density polyethylene (HDPE), are used in a variety of applications, such as sheet and bulk molding compounds, pultrusion, and RTM.
Growing
end-use industries around the world, particularly in emerging nations, are
likely to fuel industry expansion. Key companies maintain a high market
competition with the implementation of various strategic initiatives, such as
new polymer launch, polymerion expansion, and mergers & acquisitions. For
instance, in October 2023, Schaeffler Technologies AG & Co. KG acquired
Aerosint SA from Desktop Metal in the U.S., bolstering its market position in
additive manufacturing technologies. The new company, Schaeffler Aerosint SA,
will be brought into the Schaeffler Group as a new location for Schaeffler
Special Machinery.
Moreover,
rapidly expanding automotive industry is expected to be a major factor driving
the industry growth. Growing demand for sheet molded compounds from the
automotive industry, on account of their low weight and surface finish, is
anticipated to drive the demand for low profile additives. The demand for sheet
molded parts has been increasing due to their application in outer shells of
passenger vehicles as they are lightweight and easy to produce. Moreover, sheet
molding is economically viable. Producers can reduce expenses in all aspects of
the production, such as labor and waste. Such factors are anticipated to have a
positive impact on market growth.
List of Key Players of Low Profile Additives Market
- Wacker
Chemie AG
- INEOS AG
- Polynt
S.p.A.
- Vin
Industries
- BASF SE
- Altana
- Polychem
Limited
- SWANCOR
- LyondellBasell
Industries Holdings B.V.
- Aromax
Technology Corporation
- Interplastic
Corporation
- Synthomer
PLC
- AOC, LLC
- Mechemco
- Taak Resin
Co.
- NOF
Corporation
Related Press
Release@ Low
Profile Additives Market Report
Low Profile Additives Market Report Highlights
- Growing
end-use industries, such as construction, automotive, and electronics, are
expected to drive product demand
- High demand
for SMC/BMC pultruded plastics and RTM products in automobiles as well as
construction & infrastructural activities will also propel product demand
- SMC/BMC
composite solutions enable the production of lighter components, hence
lowering the environmental impact as well as fuel emissions
- Furthermore,
tight tolerances can be generated immediately without the need for
post-processing, resulting in not only cost savings but also greater
profitability
- The Asia
Pacific regional market is expected to grow considerably owing to the
augmentation and modernization of automotive industry coupled with new
technological advances
- Furthermore,
several initiatives launched by the governments of various countries in
this region to attract investments from international companies are
projected to drive region’s growth
- Key low
profile additives include PVAc, PMMA, PS, and HDPE. Advantageous
properties of PVAc as a low profile additive, such as improved surface
finish and almost-zero shrinkage, will boost its demand in various
compounding techniques
Low Profile Additives Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD
760.26 million |
|
Revenue
forecast in 2030 |
USD
1,247.90 million |
|
Growth
rate |
CAGR of
5.2% from 2024 to 2030 |
|
Base year
for estimation |
2023 |
|
Historical data |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
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Low Profile Additives Market Segmentation
Grand
View Research has segmented the global low profile additives market based on
product, function, application, and region:
Low Profile Additives Product Outlook (Volume, Kilotons; Revenue,
USD Million, 2018 - 2030)
- Polyvinyl
Acetate (PVAc)
- Polymethyl
Methacrylate (PMMA)
- Polystyrene
(PS)
- Polyurethane
(PU)
- High-density
Polyethylene (HDPE)
Low Profile Additives Function Outlook (Volume, Kilotons;
Revenue, USD Million, 2018 - 2030)
- Anti-shrinkage
- Pigmentation
Low Profile Additives Application Outlook (Volume,
Kilotons; Revenue, USD Million, 2018 - 2030)
- Shrink &
Bulk Molding Compounds (SMC/BMC)
- Pultrusion
- Resin
Transfer Molding
- Others
Low Profile Additives Regional Outlook (Volume, Kilotons;
Revenue, USD Million, 2018 - 2030
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- The
Netherlands
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- Central
& South America
- Brazil
- Argentina
- Middle East
& Africa
- Saudi Arabia
- United Arab
Emirates (UAE)
- South
Africa
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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