The global Low Profile Additives Market was valued at USD 380 Mn in 2021 and is anticipated to grow at a CAGR of 11.7% and is expected to reach USD 1028.64 Mn by 2030.
The increased adoption of Low Profile Additives in the Petrochemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Low Profile Additives also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Low Profile Additives in many sectors also boosts the market growth during the forecast period.
In an effort to improve the surface finish of fibre glass or unsaturated polyester composites by compensating for shrinkage, low profile additives (LPA) are thermoplastics added to unsaturated polyester resins. In automotive applications where a high-quality surface finish is needed, they are often employed.
Low Profile Additives Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product Type (Polyvinyl Acetate-based, PMMA-based, Polystyrene-based, High-density Polyethylene (HDPE), Polyester-based (Saturated Polyesters-based, PU-based Saturated Polyesters-based), Other), Application (Hand Lay-up, Spray-up, Pultrusion, Resin Transfer Molding (RTM), Injection and Compression Molding (Sheet Molding Compounds (SMC) and Bulk Molding Compounds (BMC))), and companies (Reichhold LLC 2, Command Chemical Corporation, Inc., Changzhou Huarun Composite Materials Co., Ltd., Arkema, and Swancor Ind. Co., Ltd., PolyOne Corporation, Ashland, CCP Composites, Wacker Chemie AG, LyondellBasell Industries Holdings B.V. , Momentive, FRP Services & Company.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 11.7%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||1028.64 Million|
|By Type||Polyvinyl Acetate-based, PMMA-based, Other|
|By Application||Hand Lay-up, Spray-up, Pultrusion, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Reichhold LLC 2, Command Chemical Corporation, Inc., Changzhou Huarun Composite Materials Co., Ltd., Arkema, and Swancor Ind. Co., Ltd., PolyOne Corporation, Ashland, CCP Composites, Wacker Chemie AG, LyondellBasell Industries Holdings B.V. , Momentive, FRP Services & Company.|
The COVID-19 pandemic has had a substantial negative influence on the Low Profile Additives market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Reichhold LLC 2, Command Chemical Corporation, Inc., Changzhou Huarun Composite Materials Co., Ltd., Arkema, and Swancor Ind. Co., Ltd., PolyOne Corporation, Ashland, CCP Composites, Wacker Chemie AG, LyondellBasell Industries Holdings B.V. , Momentive, FRP Services & Company.
Market Segment Analysis:
- Polyvinyl Acetate-based
- High-density Polyethylene (HDPE)
- Polyester-based (Saturated Polyesters-based, PU-based Saturated Polyesters-based)
- Hand Lay-up
- Resin Transfer Molding (RTM)
- Injection and Compression Molding (Sheet Molding Compounds (SMC) and Bulk Molding Compounds (BMC))
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Low Profile Additives industries in the region.
Key Low Profile Additives Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Low Profile Additives Market segments.
– Largest Market Share Held by Industry to Industry for Low Profile Additives
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Low Profile Additives Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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