The surge in demand for SMC/BMC in automobiles, infrastructural activities and construction will drive the market for low profile additives.
Market Size – USD 390.6 Million in 2018, Market Growth – CAGR of 11.2%, Market Trends –Growth in the construction and automotive industries.
Low profile additives find its application in polyester resin systems and offer improved characteristics such as paste viscosity, viscosity thickening plateau, and phase separation. The global low profile additives market size was USD 487.6 Million in 2020 and is expected to reach a value of USD 1,124.1 Million by 2028, and register a CAGR of 10.90% during the forecast period.
The low profile additives market is driven by the increasing application of these additives in the automotive sector. The use of the market product in automobiles makes them lightweight yet strong, and thus more durable and efficient. Furthermore, the increasing use of the product in the building and construction industries are propelling market growth. This can be attributed to the properties of low profile additives such as electrical insulation, dimensional stability, and corrosion resistance.
Key participants include Lyondellbasell Industries, Aromax Technology, AOC Aliancys, Swancor Holding Company Limited, Evonik Industries, Wacker Chemie, Swancor Holding Company Limited, Polynt-Reichhold Group, Lucite International, and BASF, among others.
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The use of fiber-reinforced plastics incorporated with low profile additives offers design flexibility, cost reduction, weight reduction, and improved lead time. The widespread use of fiber-reinforced plastics in the military and aerospace industries are likely to fuel the demand for low profile additives during the assessment period.
The Asia Pacific region dominated the market for low profile additives. Growth-centric countries in the region, such as India, China, Malaysia, Thailand, and Indonesia are expected to offer lucrative opportunities for growth during the forecast period.
For the purpose of this report, Reports and Data have segmented into the global Low Profile Additives market on the basis of product type, application, end-use industry, and region:
Product Type Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)
- Polyvinyl Acetate-based
- High-density Polyethylene (HDPE)
Application Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)
- Sheet Molding Compound/Bulk Molding Compound
- Resin Transfer Molding
End-Use Industry Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)
- Military and Aerospace
- Consumer Products & Home Appliances
Regional Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)
- North America
- Asia Pacific
- Latin America
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Key Highlights of the Competitive Landscape of the Global Low Profile Additives Market:
- The latest report is inclusive of the industry share, production facilities, development prospects, and geographies served by each market player.
- It offers actionable insights into the competitive spectrum of this business sphere. It goes on to enlist the detailed profiles of each market competitor.
- The study highlights the extensive product portfolios of the prominent market contenders and offers critical data and information about the application scope, as well as specifications of these products.
- Moreover, it provides crucial insights into the competitive scenario of the market, focusing on the gross profits and losses experienced by these players.
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
Chapter 4. Low Profile Additives Market Segmentation & Impact Analysis
4.1. Low Profile Additives Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Growing demand for SMC & BMC in automotive
184.108.40.206. Growth in renewable energy
220.127.116.11. Growth in construction and electronics industry
4.2.3. Market restraints analysis
18.104.22.168. Volatile raw material prices
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
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