Low Profile Additives Market Size Worth $1,455.96 Million By 2032 CAGR: 8.4%

Low Profile Additives Market Size Worth $1,455.96 Million By 2032 CAGR: 8.4%

The global low profile additives market size is expected to reach USD 1,455.96 million by 2032, according to a new study by Polaris Market Research. The report “Low profile additives Market Share, Size, Trends, Industry Analysis Report, By Product (Polyvinyl Acetate (PVA), Polymethyl Methacrylate (PMMA), Polystyrene, High Density Polyethylene, and Polyurethane); By Application (Sheet Molding Compounds/Bulk Molding Compounds, Pultrusion, Resin Transfer Molding, and Others); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Factors such as the government of developed and developing economies such as the U.S., China, India, and others have increased their spending on developing towns, buildings, corporate sectors, and construction development projects, which has driven the need for low profile additives where it is used for enhancing the smoothness of floors, fiberglass, and infrastructures coating applications. According to data published by the National Investment Promotion and Facilitation Agency of India, the Indian parliament has set up a national bank for financing infrastructure to fuel market growth; thus, creating new avenues for the market to grow.

In addition, advancements in technology, rapid growth in the furniture sector, and growing consumer demand for modified furniture have enhanced the performance of low-profile additives and widely employed finishing agents. These factors are escalating the growth. Moreover, the low-profile additive enhances the interface between inorganic non-polar glass fiber, polar polyester resins, and clays. Therefore, it has many applications in automotive, electronics, construction, and other end-use sectors.

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The growing adoption of vehicle displays, machine interfaces, & automated systems is being embedded in luxury vehicles. Low profile additives are widely used in the automotive industry as protective coatings and finishing agents for extending their average lifespan. Low profile additives possess various properties such as thermal insulation, resistance to corrosion, and others. Thus, the growth of the automotive sector will drive the demand for low profile additives in the upcoming years.

Europe, North America, & Latin America region have garnered substantial market share owing to government support, and increased industrial activities have enhanced the market growth. In addition, rising population & vehicle production in the countries such as the U.S., Mexico, Germany, the UK, and European regions have enhanced the overall demand for low profile additives.

Low Profile Additives Market Report Highlights

  • Polyvinyl acetate product type segment is anticipated to garner largest revenue share the forecast period owing to the growing potential sales from automotive industry.
  • Sheet molding compound/ bulk molding compound application segment is expected to hold the significant market share over the forecast period due to the growing population coupled with a rise in the disposable income among people
  • Asia-Pacific is expected to grow at a significant CAGR over the projected period. Favorable government policies for strengthening of automotive and construction industries.
  • The global players include Indigo, ALTANA divisions, AOC, Aromax Technology, BASF, INEOS, Interplastic Corporation, LyondellBasell, Mechemco, NOF EUROPE, Polychem, and Polynt

Polaris Market Research has segmented the low-profile additives market report based on product, application, and region:

Low profile additives, Product Outlook (Revenue - USD Million, 2019 - 2032)

  • Polyvinyl Acetate (PVA)
  • Polymethyl Methacrylate (PMMA)
  • Polystyrene
  • High Density Polyethylene
  • Polyurethane  

Low profile additives, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Sheet Molding Compounds/Bulk Molding Compounds
  • Pultrusion
  • Resin Transfer Molding
  • Others

    Low profile additives, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa