According to a report of the Low Profile Additives Market by Type (Polyvinyl Acetate (PVA) and Polymethyl Methacrylate (PMMA), Polystyrene and Others), Application (Sheet Molding Compound (SMC)/ (BMC), Resin Transfer Molding (RTM), Pultrusion, and Others), and Region (North- America, Europe, Asia-Pacific, Middle East & Africa, South America) –is expected to reach US$ 1,037.17 Mn by 2027, at a CAGR of 11.77 %.
Low additives are thermoplastics elements that are integrated into the unsaturated polyester resin to increase the surface finish of fiberglass by shrinkage compensation. Low Profile Additives, when used in unsaturated polyester resins systems, deliver better characteristics like paste viscosity, viscosity thickening plateau, and phase separation.
Increasing demand for SMC and BMC in the automotive industry, growth in electrical & electronics and construction industries and the growth of renewable energy are the key factors behind the growth of the global low primary additives market. The growth of the market is restraining by the Instability in raw material prices. Rising demand for complex materials in developing countries such as China, India, and Brazil is also anticipated to produce many opportunities for the global low profile additives market during the forecast period.
The PVA holds the largest market share
The low profile additives market is estimated to grow rapidly in the upcoming years owing to PVA has the superb solubility characteristics, superior weather resistance, good adhesion, and non-toxic properties are responsible to the growth of the market. The increasing demand for PVA because of PVA provide high productivity with minimized operation cost.
SMC/BMC is expected to dominate the market
SMC/BMC segment is projected to dominate the global low profile additives market during the forecast period owing to the increasing use of the lightweight composite SMC materials in the automotive industry. Also, SMC offers their low weight, low cost, and good mechanical properties. The demand of the automotive industry is anticipated to rise owing to the enlarged consumer demands, urbanization, new technological advances, and change in government rules. These factors are projected to drive global low profile additives market growth.
This report contains a study of marketing and development strategies, along with the Type portfolios of leading companies. It includes the profiles of leading manufacturers such as acker Chemie, LyondellBasell Industries, Polynt-Reichhold Group, AOC Alliances, Interplastic Corporation, Aromax Technology, Ashland, Evonik Industries, Swancor Holding Company Limited, VIN Industries, Altana, BASF, Lucite International, Mechemco, Sumitomo Seika Chemicals Company and Synthomer.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global low profile additives market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the Market dynamics, and future opportunities that might exist in the global low profile additives database market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing Market know-how of our clients and at the same time explain the global low profile additives database market positioning of competitors.
Browse the Market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Low Profile Additives Market”.
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