The surge in demand for SMC/BMC in automobiles, infrastructural activities and construction will drive the market for low profile additives.
Low Profile Additives Market Size – USD 390.6 Million in 2018, Market Growth – CAGR of 11.2%, Market Trends -Growth in the construction and automotive industries.
The global low profile additives market size was USD 487.6 Million in 2020 and is expected to reach a value of USD 1,124.1 Million by 2028, and register a CAGR of 10.90% during the forecast period. Low profile additives find its application in polyester resin systems and offer improved characteristics such as paste viscosity, viscosity thickening plateau, and phase separation.
The low profile additives market is driven by the increasing application of these additives in the automotive sector. The use of the market product in automobiles makes them lightweight yet strong, and thus more durable and efficient. 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.
Key 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.
To Get Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/1987
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.
For the purpose of this report, Reports and Data have segmented into the global Low Profile Additives market on the basis of product type, application, end-use industry, and region:
Product Type Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)
- Polystyrene-based
- Polyvinyl Acetate-based
- PMMA-based
- High-density Polyethylene (HDPE)
- Polyester-based
- Others
Application Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)
- Sheet Molding Compound/Bulk Molding Compound
- Resin Transfer Molding
- Pultrusion
- Others
End-Use Industry Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)
- Automotive
- Construction
- Military and Aerospace
- Electronics
- Consumer Products & Home Appliances
- Others
Regional Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
Browse Full Report @ https://www.reportsanddata.com/report-detail/low-profile-additives-market
Further key findings from the report suggest
- Polyvinyl 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. Growing demand from the automotive industry, where high-quality surface finish is required, are expected to drive the market.
- Sheet Molding Compound/Bulk Molding Compound are a class of composite materials that finds its application in the automotive sector due to their low weight, good mechanical properties, and cost-effectiveness. These composite materials are blended with low profile additives to compensate for polymerization shrinkage.
- The automotive sector are currently facing a lot of changes with regard to its impact on the environment. The weight reduction of a vehicle by 100kg saves up to 12.5g of carbon dioxide emissions every kilometer. Thus, a reduction in a kilogram of the car can save up to 20kg of greenhouse gas emission in the lifetime of the car. Low profile additives help in the production of light-weight cars. Automotive held a market share of 31.3% in the year 2018.
- North America is forecasted to grow with a CAGR of 11.5% during the forecast period. The U.S. accounts for approximately 80% of the North American market product in 2018. It finds its major application in the transportation industry. Military aircraft, commercial aircraft, business jets, helicopters, general aviation aircraft, and spacecraft of the aerospace industry in the U.S. also make substantial use of composites and low profile additives.
- In November 2018, Gazechim Composites and Polynt-Reichhold Group entered into an agreement to distribute unsaturated polyester products, gel coats, and bonding pastes. This development is expected to increase the market share of the Polynt-Reichhold Group in the European region and also increase the demand for low profile additives on a global platform.
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1987
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
Chapter 4. Low Profile Additives Market Segmentation & Impact Analysis
4.1. Low Profile Additives Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for SMC & BMC in automotive
4.2.2.2. Growth in renewable energy
4.2.2.3. Growth in construction and electronics industry
4.2.3. Market restraints analysis
4.2.3.1. Volatile raw material prices
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Continued…
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/1987
Thank you for reading our report. To receive further information on the report or to enquire about its customization, please get in touch with us and get your report tailored according to your needs.
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
Amino Resins Market By Type (Urea Formaldehyde, Melamine Formaldehyde, Others), By Application (Particle Board, MDF, Textile, Fibers & Adhesives, Paper & Paperboard, Others), And By Regions, Forecasts To 2027
Conductive Polymers Market By Products (ABS, Polycarbonates, Polyphenylene-polymer, Nylon, ICPs and Others), By Application (Capacitors, Anti-Static Packaging, Batteries, Actuators & Sensors, Solar Energy And Others) Forecast To 2027
Lightweight Materials Market By Product, By Application (Automotive, Aviation, Energy, Others), and By Distribution Channel (Offline Stores, Online Stores), Forecasts to 2027
Bio-Based Polypropylene (PP) Market Size, Share And Industry Analysis By Source (Corn, Sugarcane, Beet, Others), By Application (Injection, Textile, Films, Others), By End-user (Automotive, Electronics, Construction, Industrial applications, Others) And Region, Segment Forecasts To 2027
PVC-free Material Market By Type (Closures, Lines, Blisters), By Application Type (Food And Beverages, Homecare, Pharmaceutical, Chemicals and Fertilizers, Others), And Region-Global Forecast To 2027
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-low-profile-additives-market
Browse More Reports –
Battery Additives Market SizeZinc Sulfate Market Share
Metal Recycling Market Outlook
Note: The Heraldkeepers News Department was not involved in the creation of this content.
If you have any problem with this press release? Contact the source provider Heraldkeepers.com, you can contact them here.
COMTEX_389772599/2758/2021-07-14T01:37:09
