- LPAs are used primarily in thermosetting resin systems to reduce shrinkage and improve surface finish in molded parts, making them ideal for automotive, construction, and industrial components.
- These additives enhance the dimensional stability, surface aesthetics, and mechanical properties of composite materials such as SMC (Sheet Molding Compounds) and BMC (Bulk Molding Compounds).
- Asia-Pacific dominates the market in 2025 due to rising composite usage in lightweight vehicles, infrastructure projects, and electronic enclosures.
- North America is projected to exhibit the fastest CAGR, supported by growing adoption of glass fiber-reinforced plastics (GFRP) in automotive and aerospace sectors.
- The automotive & transportation and building & construction sectors are major end-use segments, collectively accounting for over 70% of market demand in 2025.
