Global Low Profile Additives Market Size, Share & Trends Analysis Report By Application, By Product (Polyvinyl Acetate (PVAc), Polymethyl Methacrylate (PMMA), Polystyrene (PS), Polyurethane (PU), and High-density Polyethylene (HDPE)), By Regional Outlook and Forecast, 2023 - 2030
The Global Low Profile Additives Market size is expected to reach $978.9 million by 2030, rising at a market growth of 5.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 315.79 kilo tonnes, experiencing a growth of 4.0% (2019-2022).
Due to its exceptional chemical resistance, HDPE is well-suited for applications in which harsh chemical exposure is a concern. Therefore, the high-density polyethylene (HDPE) segment captured 06.30% revenue share in 2022. In industries such as chemical processing, agriculture, and automotive, where chemical resistance is critical, this property is especially valuable. Additionally, HDPE is highly resistant to moisture, which makes it an ideal material for outdoor applications where moisture exposure is a concern.
According to the International Energy Agency, the global car sales in 2020 were 73 million. The IEA also stated that the sales of conventional cars in advanced and emerging and developed economies in 2022 were 16.1 million and 19 million, respectively. The sales of electric cars in the same year were reported to be 1.5 million in advanced economies and 3.8 million in emerging and developed economies.
Additionally Low profile additives are essential in achieving the desired weight reduction without compromising on the strength and durability of automotive components. Hence, the expansion of the automotive industry, particularly in regions like Asia-Pacific and Europe, is expected to drive the demand for low profile additives in the coming years.
However, in industries where margins can be tight and competition is fierce, any increase in production costs, including the cost of additives, can significantly impact the final product price. This can make it challenging for companies to remain competitive, especially if competitors can offer similar products at a lower cost. Thus, these factors may hamper the growth of the market.
By Application Analysis
By application, the low profile additives market is divided into shrink & bulk molding compounds (SMC/BMC), pultrusion, resin transfer molding, and others. The pultrusion segment captured 23.91% revenue share in 2022. Low profile additives can improve the processability of pultruded profiles, making them easier to manufacture and reducing the likelihood of defects. This can lead to increased production efficiency and cost savings for manufacturers.
By Product Analysis
Based on product, the low profile additives market is characterized into polyvinyl acetate (PVAc), polymethyl methacrylate (PMMA), polystyrene (PS), polyurethane (PU), and high-density polyethylene (HDPE). The polyvinyl acetate (PVAc) segment garnered 40.29% revenue share in 2022. PVAc is utilized in construction materials like sealants, adhesives, and paints as a low-profile additive. Additionally, it finds extensive application in woodworking adhesives owing to its exceptional adhesion characteristics and resistance to water.
By Regional Analysis
Region-wise, the low profile additives market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded 24.70% revenue share in the low profile additives market in 2022. North America is experiencing growth in construction and infrastructure development, driving the demand for low profile additives used in construction materials such as composites, sealants, and coatings.
List of Key Companies Profiled
- Wacker Chemie AG
- INEOS Group Holdings S.A.
- BASF SE
- LyondellBasell Industries Holdings B.V.
- Ashland Inc.
- Arkema S.A.
- Evonik Industries AG (RAG-Stiftung)
- Taak Resin Co.
- AOC, LLC
- Synthomer PLC
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Shrink & Bulk Molding Compounds (SMC/BMC)
- Resin Transfer Molding
- Pultrusion
- Others
- Polyvinyl Acetate (PVAc)
- Polymethyl Methacrylate (PMMA)
- Polystyrene (PS)
- Polyurethane (PU)
- High-density Polyethylene (HDPE)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Low Profile Additives Market, by Application
- 1.4.2 Global Low Profile Additives Market, by Product
- 1.4.3 Global Low Profile Additives Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Global Low Profile Additives Market by Application
- 4.1 Global Shrink & Bulk Molding Compounds (SMC/BMC) Market by Region
- 4.2 Global Resin Transfer Molding Market by Region
- 4.3 Global Pultrusion Market by Region
- 4.4 Global Others Market by Region
- Chapter 5. Global Low Profile Additives Market by Product
- 5.1 Global Polyvinyl Acetate (PVAc) Market by Region
- 5.2 Global Polymethyl Methacrylate (PMMA) Market by Region
- 5.3 Global Polystyrene (PS) Market by Region
- 5.4 Global Polyurethane (PU) Market by Region
- 5.5 Global High-density Polyethylene (HDPE) Market by Region
- Chapter 6. Global Low Profile Additives Market by Region
- 6.1 North America Low Profile Additives Market
- 6.1.1 North America Low Profile Additives Market by Application
- 6.1.1.1 North America Shrink & Bulk Molding Compounds (SMC/BMC) Market by Country
- 6.1.1.2 North America Resin Transfer Molding Market by Country
- 6.1.1.3 North America Pultrusion Market by Country
- 6.1.1.4 North America Others Market by Country
- 6.1.2 North America Low Profile Additives Market by Product
- 6.1.2.1 North America Polyvinyl Acetate (PVAc) Market by Country
- 6.1.2.2 North America Polymethyl Methacrylate (PMMA) Market by Country
- 6.1.2.3 North America Polystyrene (PS) Market by Country
- 6.1.2.4 North America Polyurethane (PU) Market by Country
- 6.1.2.5 North America High-density Polyethylene (HDPE) Market by Country
- 6.1.3 North America Low Profile Additives Market by Country
- 6.1.3.1 US Low Profile Additives Market
- 6.1.3.1.1 US Low Profile Additives Market by Application
- 6.1.3.1.2 US Low Profile Additives Market by Product
- 6.1.3.2 Canada Low Profile Additives Market
- 6.1.3.2.1 Canada Low Profile Additives Market by Application
- 6.1.3.2.2 Canada Low Profile Additives Market by Product
- 6.1.3.3 Mexico Low Profile Additives Market
- 6.1.3.3.1 Mexico Low Profile Additives Market by Application
- 6.1.3.3.2 Mexico Low Profile Additives Market by Product
- 6.1.3.4 Rest of North America Low Profile Additives Market
- 6.1.3.4.1 Rest of North America Low Profile Additives Market by Application
- 6.1.3.4.2 Rest of North America Low Profile Additives Market by Product
- 6.2 Europe Low Profile Additives Market
- 6.2.1 Europe Low Profile Additives Market by Application
- 6.2.1.1 Europe Shrink & Bulk Molding Compounds (SMC/BMC) Market by Country
- 6.2.1.2 Europe Resin Transfer Molding Market by Country
- 6.2.1.3 Europe Pultrusion Market by Country
- 6.2.1.4 Europe Others Market by Country
- 6.2.2 Europe Low Profile Additives Market by Product
- 6.2.2.1 Europe Polyvinyl Acetate (PVAc) Market by Country
- 6.2.2.2 Europe Polymethyl Methacrylate (PMMA) Market by Country
- 6.2.2.3 Europe Polystyrene (PS) Market by Country
- 6.2.2.4 Europe Polyurethane (PU) Market by Country
- 6.2.2.5 Europe High-density Polyethylene (HDPE) Market by Country
- 6.2.3 Europe Low Profile Additives Market by Country
- 6.2.3.1 Germany Low Profile Additives Market
- 6.2.3.1.1 Germany Low Profile Additives Market by Application
- 6.2.3.1.2 Germany Low Profile Additives Market by Product
- 6.2.3.2 UK Low Profile Additives Market
- 6.2.3.2.1 UK Low Profile Additives Market by Application
- 6.2.3.2.2 UK Low Profile Additives Market by Product
- 6.2.3.3 France Low Profile Additives Market
- 6.2.3.3.1 France Low Profile Additives Market by Application
- 6.2.3.3.2 France Low Profile Additives Market by Product
- 6.2.3.4 Russia Low Profile Additives Market
- 6.2.3.4.1 Russia Low Profile Additives Market by Application
- 6.2.3.4.2 Russia Low Profile Additives Market by Product
- 6.2.3.5 Spain Low Profile Additives Market
- 6.2.3.5.1 Spain Low Profile Additives Market by Application
- 6.2.3.5.2 Spain Low Profile Additives Market by Product
- 6.2.3.6 Italy Low Profile Additives Market
- 6.2.3.6.1 Italy Low Profile Additives Market by Application
- 6.2.3.6.2 Italy Low Profile Additives Market by Product
- 6.2.3.7 Rest of Europe Low Profile Additives Market
- 6.2.3.7.1 Rest of Europe Low Profile Additives Market by Application
- 6.2.3.7.2 Rest of Europe Low Profile Additives Market by Product
- 6.3 Asia Pacific Low Profile Additives Market
- 6.3.1 Asia Pacific Low Profile Additives Market by Application
- 6.3.1.1 Asia Pacific Shrink & Bulk Molding Compounds (SMC/BMC) Market by Country
- 6.3.1.2 Asia Pacific Resin Transfer Molding Market by Country
- 6.3.1.3 Asia Pacific Pultrusion Market by Country
- 6.3.1.4 Asia Pacific Others Market by Country
- 6.3.2 Asia Pacific Low Profile Additives Market by Product
- 6.3.2.1 Asia Pacific Polyvinyl Acetate (PVAc) Market by Country
- 6.3.2.2 Asia Pacific Polymethyl Methacrylate (PMMA) Market by Country
- 6.3.2.3 Asia Pacific Polystyrene (PS) Market by Country
- 6.3.2.4 Asia Pacific Polyurethane (PU) Market by Country
- 6.3.2.5 Asia Pacific High-density Polyethylene (HDPE) Market by Country
- 6.3.3 Asia Pacific Low Profile Additives Market by Country
- 6.3.3.1 China Low Profile Additives Market
- 6.3.3.1.1 China Low Profile Additives Market by Application
- 6.3.3.1.2 China Low Profile Additives Market by Product
- 6.3.3.2 Japan Low Profile Additives Market
- 6.3.3.2.1 Japan Low Profile Additives Market by Application
- 6.3.3.2.2 Japan Low Profile Additives Market by Product
- 6.3.3.3 India Low Profile Additives Market
- 6.3.3.3.1 India Low Profile Additives Market by Application
- 6.3.3.3.2 India Low Profile Additives Market by Product
- 6.3.3.4 South Korea Low Profile Additives Market
- 6.3.3.4.1 South Korea Low Profile Additives Market by Application
- 6.3.3.4.2 South Korea Low Profile Additives Market by Product
- 6.3.3.5 Singapore Low Profile Additives Market
- 6.3.3.5.1 Singapore Low Profile Additives Market by Application
- 6.3.3.5.2 Singapore Low Profile Additives Market by Product
- 6.3.3.6 Malaysia Low Profile Additives Market
- 6.3.3.6.1 Malaysia Low Profile Additives Market by Application
- 6.3.3.6.2 Malaysia Low Profile Additives Market by Product
- 6.3.3.7 Rest of Asia Pacific Low Profile Additives Market
- 6.3.3.7.1 Rest of Asia Pacific Low Profile Additives Market by Application
- 6.3.3.7.2 Rest of Asia Pacific Low Profile Additives Market by Product
- 6.4 LAMEA Low Profile Additives Market
- 6.4.1 LAMEA Low Profile Additives Market by Application
- 6.4.1.1 LAMEA Shrink & Bulk Molding Compounds (SMC/BMC) Market by Country
- 6.4.1.2 LAMEA Resin Transfer Molding Market by Country
- 6.4.1.3 LAMEA Pultrusion Market by Country
- 6.4.1.4 LAMEA Others Market by Country
- 6.4.2 LAMEA Low Profile Additives Market by Product
- 6.4.2.1 LAMEA Polyvinyl Acetate (PVAc) Market by Country
- 6.4.2.2 LAMEA Polymethyl Methacrylate (PMMA) Market by Country
- 6.4.2.3 LAMEA Polystyrene (PS) Market by Country
- 6.4.2.4 LAMEA Polyurethane (PU) Market by Country
- 6.4.2.5 LAMEA High-density Polyethylene (HDPE) Market by Country
- 6.4.3 LAMEA Low Profile Additives Market by Country
- 6.4.3.1 Brazil Low Profile Additives Market
- 6.4.3.1.1 Brazil Low Profile Additives Market by Application
- 6.4.3.1.2 Brazil Low Profile Additives Market by Product
- 6.4.3.2 Argentina Low Profile Additives Market
- 6.4.3.2.1 Argentina Low Profile Additives Market by Application
- 6.4.3.2.2 Argentina Low Profile Additives Market by Product
- 6.4.3.3 UAE Low Profile Additives Market
- 6.4.3.3.1 UAE Low Profile Additives Market by Application
- 6.4.3.3.2 UAE Low Profile Additives Market by Product
- 6.4.3.4 Saudi Arabia Low Profile Additives Market
- 6.4.3.4.1 Saudi Arabia Low Profile Additives Market by Application
- 6.4.3.4.2 Saudi Arabia Low Profile Additives Market by Product
- 6.4.3.5 South Africa Low Profile Additives Market
- 6.4.3.5.1 South Africa Low Profile Additives Market by Application
- 6.4.3.5.2 South Africa Low Profile Additives Market by Product
- 6.4.3.6 Nigeria Low Profile Additives Market
- 6.4.3.6.1 Nigeria Low Profile Additives Market by Application
- 6.4.3.6.2 Nigeria Low Profile Additives Market by Product
- 6.4.3.7 Rest of LAMEA Low Profile Additives Market
- 6.4.3.7.1 Rest of LAMEA Low Profile Additives Market by Application
- 6.4.3.7.2 Rest of LAMEA Low Profile Additives Market by Product
- Chapter 7. Company Profiles
- 7.1 Wacker Chemie AG
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.6 SWOT Analysis
- 7.2 INEOS Group Holdings S.A.
- 7.2.1 Company Overview
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Product Launches and Product Expansions:
- 7.2.5 SWOT Analysis
- 7.3 BASF SE
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Product Launches and Product Expansions:
- 7.3.6 SWOT Analysis
- 7.4 LyondellBasell Industries Holdings B.V.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 Ashland Inc.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 Arkema S.A.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 SWOT Analysis
- 7.7 Evonik Industries AG (RAG-Stiftung)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 Recent strategies and developments:
- 7.7.5.1 Acquisition and Mergers:
- 7.7.6 SWOT Analysis
- 7.8 Taak Resin Co.
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 AOC, LLC
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Synthomer PLC
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis
- Chapter 8. Winning Imperatives for Low Profile Additives Market
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