North America 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 Country and Growth Forecast, 2023 - 2030
The North America Low Profile Additives Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 65.99 kilo tonnes, showcasing a growth of 3.6% (2019-2022).
Styrene maleic anhydride (SMA) is widely used as an LPA to enhance the adhesion between the polymer matrix and reinforcing fibers. SMA reduces fiber print-through and improves the surface finish of thermoplastic composites, making it ideal for applications where aesthetics is important.
Additionally, Maleic anhydride grafted polymers or MA-grafted polymers enhance the mechanical properties of thermoplastic composites, making them more durable and impact-resistant. They are often used in applications requiring high strength and toughness, such as construction materials and sporting goods.
According to the International Trade Administration (ITA), Mexico is the seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. Additionally, the production of EVs and hybrids totaled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021.
The US market dominated the North America Low Profile Additives Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $157,450.5 Thousands by 2030. The Canada market is exhibiting a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 5.5% during (2023 - 2030).
Based on Application, the market is segmented into Shrink & Bulk Molding Compounds (SMC/BMC), Resin Transfer Molding, Pultrusion, and Others. Based on Product, the market is segmented into Polyvinyl Acetate (PVAc), Polymethyl Methacrylate (PMMA), Polystyrene (PS), Polyurethane (PU), and High-density Polyethylene (HDPE). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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)
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Low Profile Additives Market, by Application
- 1.4.2 North America Low Profile Additives Market, by Product
- 1.4.3 North America Low Profile Additives Market, by Country
- 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. North America Low Profile Additives Market by Application
- 4.1 North America Shrink & Bulk Molding Compounds (SMC/BMC) Market by Country
- 4.2 North America Resin Transfer Molding Market by Country
- 4.3 North America Pultrusion Market by Country
- 4.4 North America Others Market by Country
- Chapter 5. North America Low Profile Additives Market by Product
- 5.1 North America Polyvinyl Acetate (PVAc) Market by Country
- 5.2 North America Polymethyl Methacrylate (PMMA) Market by Country
- 5.3 North America Polystyrene (PS) Market by Country
- 5.4 North America Polyurethane (PU) Market by Country
- 5.5 North America High-density Polyethylene (HDPE) Market by Country
- Chapter 6. North America Low Profile Additives Market by Country
- 6.1 US Low Profile Additives Market
- 6.1.1 US Low Profile Additives Market by Application
- 6.1.2 US Low Profile Additives Market by Product
- 6.2 Canada Low Profile Additives Market
- 6.2.1 Canada Low Profile Additives Market by Application
- 6.2.2 Canada Low Profile Additives Market by Product
- 6.3 Mexico Low Profile Additives Market
- 6.3.1 Mexico Low Profile Additives Market by Application
- 6.3.2 Mexico Low Profile Additives Market by Product
- 6.4 Rest of North America Low Profile Additives Market
- 6.4.1 Rest of North America Low Profile Additives Market by Application
- 6.4.2 Rest of North America 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
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