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ReportID: CHE292 |
Category: Other | Sub-Category: Chemical
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With the growing activities in the construction and electronics industry especially in emerging counties such as India, China, and Brazil, and increasing demand for lightweight vehicle components in the automotive sector across the globe is projected to boost the adoption of low profile additives at a significant rate. Low profile additives provide extraordinary solubility features to unsaturated polyesters during the curing phase and allow shrinkage prevention in the final products. Low profile additives such as PVA are easily available in the market and their special properties have increased their popularity over other types of additives.
Increasing uptake of BMC and SMC low profile additives in the automotive industry is projected to boost the low profile additives market at a healthy rate over the forecast period. Additionally, increasing awareness among countries regarding renewable energy along with growing construction activities and electronics industries across the globe is projected to create massive revenue opportunities for the prominent players and drive the global low profile additives market size at a significant rate. However, fluctuating raw material prices are projected to impede the low profile additives market growth to some extent.
The global low profile additives market is segmented based on type, application, and region.
By type, the low profile additives market is analyzed across Polymethyl Methacrylate, Polyvinyl Acetate, Polystyrene, and other types of segments. Based on the application, the low profile additives market is segmented into RTM, SMC/BMC, Pultrusion, and others. Based on region, the low profile additives market is analyzed across six major geographies such as North America, Eastern Europe, Latin America, Western Europe, the Middle East and Africa, and the Asia Pacific. Among regions, Asia Pacific is one of the fastest-growing regions in terms of spending on low profile additives products. Further, this trend is anticipated to continue throughout the forecast period.
Major players in the low profile additives market are aimed at expanding their distribution network through agreements with local distributors to meet the increasing demand from consumers and maximize their profit margin. Further, low profile additives providers are inclined towards acquiring key players and expand their business operations by establishing new research centers and production facilities in the untapped markets. This enables companies to improve their capabilities and gain a competitive edge in the market. Key companies analyzed in the low profile additives industry are Altana, AOC Aliancys, Aromax Technology, Ashland, BASF, Evonik Industries, Interplastic Corporation, Lucite International, Lyondellbasell Industries, Mechemco, Polynt-Reichhold Group, Sumitomo Seika Chemicals Company, Swancor Holding Company Limited, VIN Industries, and Wacker Chemie among others.
This research report on low profile additives market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.