info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Low Profile Additives Market Research Report Information By Type (Polyvinyl Acetate (PVA), Polystyrene, Polymethyl methacrylate (PMMA), Others), By Application (MC/BMC, Resin Transfer Molding (RTM), Pultrusion, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.


ID: MRFR/CnM/4760-HCR | 100 Pages | Author: Priya Nagrale| June 2024

Global Low Profile Additives Market Overview


Low Profile Additives Market Size was valued at USD 0.691 Billion in 2022. The Low-Profile Additives market industry is projected to grow from USD 0.70594 Billion in 2023 to USD 1.2 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.5% during the forecast period (2023 - 2030).The growing automotive and construction industry is potentially driving the demand for low-profile additives (LPA) for imparting toughness properties to plastic resins is the key driver for low profile additives marketLow Profile Additives Market OverviewSource: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Low Profile Additives Market Trends




  • Rising demand for cosmetics and personal care industry is boosting the market growth




Low-profile additives are thermoplastic polymers that are used to enhance composite materials. Its main purpose is to improve composites' surface finish by giving them a smoother and more textured structure than would otherwise be possible during production. Avoiding surface damage is favorable, which works well, and it successfully improves the surface's attractiveness. To prevent contraction during the polymerization step and maintain the durability of the composite, this low-profile combination is typically used.


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Additionally, surging demand for sheet molding compounds/bulk molding compounds pultruded plastics, and resin transfer molding products in automobiles, construction, and infrastructural activities are likely to boost the demand. The primary source of demand for low-profile additives is the widespread usage of plastic composites used to replace metal in various end-use industries.


For instance, plastic composites being lightweight and highly durable, they are used as an alternative to aluminum and steel components, increasing their share in the overall structure of an airplane. Reduction in overall aircraft weight directly affects performance and efficiency. In addition, with reduction of 1 kilogram (kg) weight is estimated to nullify lifetime operating costs associated with fuel, for a commercial aircraft.


Low Profile Additives Market Segment Insights


Low Profile Additives Type Insights


The Low Profile Additives market segmentation, based on type, includes Polyvinyl Acetate (PVA), Polystyrene, Polymethyl methacrylate (PMMA), and Others. The Polyvinyl Acetate (PVA) segment dominated the market and accounted for over 38.0% of the overall revenue share. Its utilization in various compounding procedures is expected to rise due to advantageous characteristics such as an increased surface gloss and nearly no shrinkage. The polymer surface shrinking results in a rough topography and low glossiness. Polymethyl methacrylate (PMMA) has experienced tremendous growth during the forecast period. The market is anticipated to be driven by rising demand from the automotive sector, where high-quality surface finishes are necessary. In addition, it is projected that over the projection period, the rising construction industry in emerging economies will drive demand for LPAs.


Low Profile Additives Application Industry Insights


Based on Application, the Low Profile Additives market segmentation includes MC/BMC, Resin Transfer Molding (RTM), Pultrusion, and Others. The sheet molding compounds/bulk molding compounds (MC/BMC) segment dominated the market and accounted for over 52.0% of the share in terms of revenue in 2022. LPA is a necessary ingredient in resin mixture during MC/BMC processes as it helps in improving surface smoothness and controlling shrinkage resulting from molding the finished part. The use of fiber-reinforced unsaturated polymer resin composites in the form of MC as well as BMC preforms is expected to register the fastest growth in the Asia Pacific due to rising demand from countries, such as China, Japan, and India. The growth of the automotive industry in the region is likely to have a positive impact on the growth of the MC/BMC segment as these are increasingly used in automotive body panels, truck components, and semi-structural parts,


Figure 2: Low Profile Additives Market, by Application, 2023 & 2030 (USD Billion)Low Profile Additives Market, by Application, 2023 & 2030Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Low Profile Additives Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific was the dominant regional segment occupying over 48.0% market share in terms of revenue in 2022, followed by Europe and North America. The region is projected to account for a significant market share during the forecast period on account of increasing demand for SMC and BMC composite solutions. This is attributed to their excellent features, such as high strength and stiffness, lower weight, low emission, superior electrical performance, and high thermal resistance.


Figure 3: LOW PROFILE ADDITIVES MARKET SHARE BY REGION 2023 (%)LOW PROFILE ADDITIVES MARKET SHARE BY REGIONSource: Secondary Research, Primary Research, MRFR Database, and Analyst Review


The steady growth of the construction industry owing to growing urbanization and an increase in renovation activities are expected to boost the demand for plastics in roofing in the Asia Pacific. China, India, and Japan are the major producers of construction plastics. Increasing governmental support in the form of tax benefits and financial incentives in the Chinese and Indian petrochemicals industry to increase the flow of FDI is also expected to contribute to regional growth.


The automotive industry plays a significant role in the economy of Europe and is also accountable for 25.0% of the continent's overall greenhouse gas emissions. The RECOTRANS project supported by the European Union intends to create cutting-edge methods for producing lightweight materials for the transportation industry as well as fuel-efficient automobiles. These regional initiatives may increase demand for polymer composites and hence increase the use of low-profile additives.


Low Profile Additives Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the Low-Profile Additives market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Low-Profile Additives industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Low Profile Additives. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Low-Profile Additives industry must offer affordable products.


Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Low Profile Additives industry to benefit customers and expand the market sector. The Low-Profile Additives market has recently given medicine some of the most important advantages. Major Low Profile Additives market players, including PolyOne Corporation (U.S.), Ashland (U.S.), CCP Composites (U.S.), Wacker Chemie AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), and others, are attempting to increase market demand by funding R&D initiatives.


Avient (formerly known as PolyOne) is a manufacturer of polymer, colorant, and additive solutions. It offers polymer distribution, screen printing inks, advanced composites, engineered polymer formulations, printing and marking inks, polymer additives, polymer colorants, thermoplastic elastomers, in-vivo formulations for healthcare, vinyl formulations, fiber solutions, and other products. The company serves appliances.


Also, Ashland is an equipment manufacturer of motors, fans, and blowers serving the aerospace, medical, transportation, and military markets. It also provides engineering design and analysis, motor and fan repair, contract manufacturing, and winding services.


Key Companies in the Low Profile Additives market include




  • PolyOne Corporation (U.S.)




  • Ashland (U.S.)




  • CCP Composites (U.S.)




  • Wacker Chemie AG (Germany)




  • LyondellBasell Industries Holdings B.V. (Netherlands)




  • Momentive (U.S.)




  • FRP Services & Company (Japan)




  • Reichhold LLC 2 (U.S.)




  • Command Chemical Corporation, Inc. (U.S.)




  • Changzhou Huarun Composite Materials Co., Ltd. (China)




  • Arkema (France)




  • Swancor Ind. Co., Ltd. (Taiwan)




Low Profile Additives Industry Developments


Polynt-Reichhold Group (Italy) and Gazechim Composites (Sweden) signed a distribution agreement in November 2018 to supply unsaturated polyester products, gel coats, and bonding pastes through Gazechim Composites (Sweden). Polynt-Reichhold will gain market share in Europe as a result of this discovery, as well as help, meet the demand for low-profile additives.


A Schulman, Inc. (US), a supplier of composites, high-performance plastic compounds, and powders, was bought by LyondellBasell (Netherlands) in August 2018. The acquisition more than doubled the current company's compounding business and expanded its reach into new end-use industries like automotive, building materials, electronics, and packaging.


Low Profile Additives Market Segmentation


Low Profile Additives Type Outlook




  • Polyvinyl Acetate (PVA)




  • Polystyrene




  • Polymethyl methacrylate (PMMA)




  • Others




Low Profile Additives Application Outlook




  • MC/BMC




  • Resin Transfer Molding (RTM)




  • Pultrusion




  • Others




Low Profile Additives Regional Outlook




  • North America

    • US

    • Canada




  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World

    • Middle East

    • Africa

    • Latin America




 

Report Attribute/Metric Details
Market Size 2022 USD 0.691 Billion
Market Size 2023 USD 0.70594 Billion
Market Size 2030 USD 1.2 Billion
Compound Annual Growth Rate (CAGR) 8.5% (2023-2030)
Base Year 2023
Market Forecast Period 2023-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled PolyOne Corporation (U.S.), Ashland (U.S.), CCP Composites (U.S.), Wacker Chemie AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Momentive (U.S.), FRP Services & Company (Japan), Reichhold LLC 2 (U.S.), Command Chemical Corporation, Inc. (U.S.), Changzhou Huarun Composite Materials Co., Ltd. (China), Arkema (France), and Swancor Ind. Co., Ltd. (Taiwan)
Key Market Opportunities The widespread use of fiber-reinforced plastics in the military and aerospace industry is likely to fuel the demand.
Key Market Dynamics The increasing use of these additives in the automotive industry.


Frequently Asked Questions (FAQ) :

The Low Profile Additives market size was valued at USD 0.691 Billion in 2022.

The market is projected to grow at a CAGR of 8.5% during the forecast period, 2023-2030.

Asia Pacific had the largest share of the Low Profile Additives market.

The key players in the market are PolyOne Corporation (U.S.), Ashland (U.S.), CCP Composites (U.S.), Wacker Chemie AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Momentive (U.S.), FRP Services & Company (Japan), Reichhold LLC 2 (U.S.), Command Chemical Corporation, Inc. (U.S.), Changzhou Huarun Composite Materials Co., Ltd. (China), Arkema (France), and Swancor Ind. Co., Ltd. (Taiwan).

The Polyvinyl Acetate (PVA) categories dominated the market in 2023.

The (MC/BMC) had the largest share in the market for Low Profile Additives.

Low Profile Additives Market

The low profile additives market size is estimated to be USD 381 million in 2021 and is projected to reach USD 664 million by 2030, at a CAGR of 11.8%.

Segmentation
By Technique SMC BMC RTM
By Product PVA PMMA PS HDPE
By End-Use Industry Automotive Construction Military & Aerospace Electronics Consumer Products & Home Appliances
Key Players
Companies Profiled   PolyOne Corporation (U.S.)   Ashland (U.S.)   CCP Composites (U.S.)   Wacker Chemie AG (Germany)   LyondellBasell Industries Holdings B.V. (Netherlands)   Momentive (U.S.) FRP Services & Company (Japan)   Reichhold LLC 2 (U.S.)   Command Chemical Corporation   Changzhou Huarun Composite Materials Co.
Drivers
Market Driving Forces    The increasing use of these additives in the automotive industry.
Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.