Low Profile Additives Market, By Type (Polymethyl Methacrylate, Polyvinyl Acetate, High-Density Polyethylene, Polystyrene, and Polyester), By Application (SMC/BMC, Resin Transfer Moulding, Pultrusion, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2030

Low profile additives are polymers that are used to stabilise the structure and enhance the finish of the composites. They are included in the production process of the composites so that they result in enhanced surface and texture capabilities, and also help in maintaining the structure as composites contract during the polymerization and the inclusion of these additives prohibit this from happening. The various materials like polyester, polymethyl methacrylate, polyurethanes, polyesters, polyvinyl acetate are used to make low additives. The applications of low profile additives are in transportation industry, sanitary appliances, business machines, and electrical components and so on. Low profile additives market accounted for US$ 435.52 Million in 2020 and is estimated to be US$ 895.62 Million by 2030 and is anticipated to register a CAGR of 7.5%.

Growth of the global low profile additive

Increasing demand for SMC and BMC in the automotive industry is the major factor that is driving the growth of the low profile additive market. In addition, growth in electrical & electronics and construction industries is anticipated to fuel the growth of the target market. Furthermore, growth of renewable energy and rising application of polyvinyl acetate low profile additives in headlamp reflectors, lighting systems, and below the hood components boosts the low profile additives market growth. Moreover, increasing commercialized use of electric vehicles is boosting the demand for these compounds, which, in turn, is propelling the low profile additives market. Additionally, the growing demand for low profile additives in industries such as automotive and sanitary ware across different regions of the world, especially in the emergent countries, is anticipated to drive the low profile additives market in the next upcoming years. However, fluctuation in raw material prices is hampering the growth of the market. Growing demand for complex materials in developing economies are generating opportunities for low profile additives market.

Low profile additive is segmented into types, application, and region.

 On the basis of types, the global market is sub-divided into polymethyl methacrylate, polyvinyl acetate, high-density polyethylene, polystyrene, and polyester. Polyester is further divided into saturated polyester and saturated polyester. Based on the application, the target market is bifurcated into SMC/BMC, resin transfer moulding, pultrusion, and others.

Regional Insights:

Low profile additive market accounted for US$ 435.52 Million in 2020 and is estimated to be US$ 895.62 Million by 2030 and is anticipated to register a CAGR of 7.5%. On the basis of region, the low profile additive market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  The market in Asia-Pacific dominated the low profile additives market in 2017 due to the high demand in the automotive industry. The increasing demand for lightweight and fuel-efficient automobiles in the region due to environmental concerns is expected to drive market growth during the forecast period. Fast-paced industrialization in emerging economies such as China and India is also expected to fuel product demand. North America accounted for the second-largest market share in 2017 on account of the high demand for low profile additives in the automotive, electronics, construction, and aerospace industries in the region. The European market is expected to grow at a significant rate due to the high production and sales of automotive parts in the region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the low profile additives market report based on types, application, and region.

low profile additives Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

Key players in the low profile additives market are Reichhold LLC 2, Interplastic Corporation, Wacker Chemie AG, ALIANCYS AG, LyondellBasell Industries Holdings B.V., Vin Industries, Swancor Holding, Evonik Industries AG, Mechemco, BASF SE, and Lucite International.

• Reichhold LLC 2
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Interplastic Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Wacker Chemie AG
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• ALIANCYS AG
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• LyondellBasell Industries Holdings B.V.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Vin Industries
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Swancor Holding
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Evonik Industries AG
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Mechemco
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• BASF SE
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Lucite International
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies