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
The global low profile additives market is forecast to reach USD 916.5 Million by 2026, according to a new report by Reports and Data.
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.Request for sample copy @ https://www.reportsanddata.com/sample-enquiry-form/1987Key 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.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.Further key findings from the report suggestPolyvinyl Acetate-based (PVA) lead the market for low profile additive market, with 24.1% of the market share in 2018.
Its advantageous properties, such as low shrinkage and improved surface finish, are anticipated to increase its application in various compounding techniques.
