Low Profile Additives Market Is Expected To Reach $ 1.24 Billion By 2030


 San Francisco, 28 Feb 2024: The Report Low Profile Additives Market Size, Share & Trends Analysis Report By Product (PVAc, HDPE, PU), By Function (Anti-shrinkage, Pigmentation), By Application (SMC/BMC, Pultrusion), By Region, And Segment Forecasts, 2024 - 2030

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.

Access Research Report of Low Profile Additives Market @ https://www.grandviewresearch.com/industry-analysis/low-profile-additives-lpa-market

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

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

Access Press Release of Low Profile Additives Market @ https://www.grandviewresearch.com/press-release/global-low-profile-additives-lpa-market

 

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