Global Low Profile Additives Market, By Type (Polystyrene-Based, Polyvinyl Acetate-Based, PMMA-Based, High-Density Polyethylene (HDPE), Polyester-Based and Others), Application (Compression and Injection Moulding, Pultrusion, Hand Lay-up, Spray Lay-Up, Resin Transfer Moulding and Others), End-User (Transportation Industry, Automotive, Construction, Military and Aerospace, Electronics, Consumer Products and Appliances and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Global low profile additives market currently stands at a market value of USD 466.2 million. Data Bridge Market Research analyses that the global low profile additives market will show a CAGR of 11.43% for the forecast period of 2021-2028. Comprehending with the current statistics, the market will witness an upward growth trend and will probably reach to the market value of USD 1,108.2 million by the year 2028.
The low profile additives are the thermoplastic polyesters that are used in the production process of polyester composites to enhance the surface finish. These are highly in demand by the automobile industry because high-quality surface finished is required in the components of this industry. The low profile additives incorporated with unsaturated polyester are used to avoid a contraction in the polymerization stage.
The rapid increase in the number of automobile companies across the globe has led to an increase in demand for low profile additives. Also, there exists a rising demand for the low profile additives to be used in lighting systems, headlamp reflectors among others. Thus, there exists a direct relationship between the growths of the two industries. Also, growth in the construction sector has led to growth in the low profile additives market. This is because the low profile additives are used in the production of many composites which provide dimension stability, corrosion resistance among others.
However, the fluctuation in the prices of raw materials can prove to be a restraint in the growth of low profile additives market. The substitution of polymers in the end-user industries like construction companies may also hamper the growth of the market.
This low profile additives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on low profile additives market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Low Profile Additives Market Scope and Market Size
The low profile additives market is segmented on the basis of type, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Global low profile additives market, by type is segmented into polystyrene-based, polyvinyl acetate-based, PMMA-based, high-density polyethylene (HDPE), polyester-based and others. Polyester-based can be further segmented into saturated polyester and unsaturated polyester.
- On the basis of application, the low profile additives market is segmented into compression and injection moulding, pultrusion, hand lay-up, spray lay-up, resin transfer moulding and others.
- The market can also be segmented on the basis of end-user into transportation industry, automotive, construction, military and aerospace, electronics, consumer products and appliances and others.
Low Profile Additives Market Country Level Analysis
The low profile additives market is analysed and market size, volume information is provided by country, type, application and end-user as referenced above.
The countries covered in the low profile additives market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region holds the biggest market share presently. This is because of the large industrial base in the region. Increased use of commercialized electrical vehicles and also the awareness of the same in the developing economies is responsible for the region to have the major chunk of market share in its account. For the forecast period of 2021-2028, Asia-Pacific region is expected to propel at the highest growing rate due to rapid industrialization and urbanisation in the developing countries. The growing number of construction and automobile companies will drive the demand for the low profile additives.
The country section of the low profile additives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Low Profile Additives Market Share Analysis
Low profile additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to low profile additives market.
The major players covered in the low profile additives market report are Wacker Chemie AG, LyondellBasell Industries Holdings B.V., Reichhold LLC 2, AOC, Interplastic Corporation., Chevron Phillips Chemical Company LLC., Ashland., Evonik Industries AG, Vin Industries – Plastic & Rubber Additives, BASF SE, Lucite International, Mechemco., SUMITOMO SEIKA CHEMICALS CO.,LTD., synthomer plc, Composites One., Arkema, Monachem., Poliya., Link Composites Pvt. Ltd. and Polynt among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.