Global lowprofile additives market currently stands at a market value of USD 466.2million. Data Bridge Market Research analyses that the global low profileadditives market will show a CAGR of 11.43% for the forecast period of 2021-2028.Comprehending with the current statistics, the market will witness an upwardgrowth trend and will probably reach to the market value of USD 1,108.2 millionby the year 2028.
The lowprofile additives are the thermoplastic polyesters that are used in theproduction process of polyester composites to enhance the surface finish. Theseare highly in demand by the automobile industry because high-quality surfacefinished is required in the components of this industry. The low profileadditives incorporated with unsaturated polyester are used to avoid acontraction in the polymerization stage.
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The rapidincrease in the number of automobile companies across the globe has led to anincrease in demand for low profile additives. Also, there exists a rising demandfor the low profile additives to be used in lighting systems, headlampreflectors among others. Thus, there exists a direct relationship between thegrowths of the two industries. Also, growth in the construction sector has ledto growth in the low profile additives market. This is because the low profileadditives are used in the production of many composites which provide dimensionstability, corrosion resistance among others.
However, thefluctuation in the prices of raw materials can prove to be a restraint in thegrowth of low profile additives market. The substitution of polymers in theend-user industries like construction companies may also hamper the growth ofthe market.
This lowprofile additives market report provides details of new recent developments,trade regulations, import export analysis, production analysis, value chainoptimization, market share, impact of domestic and localised market players,analyses opportunities in terms of emerging revenue pockets, changes in marketregulations, strategic market growth analysis, market size, category marketgrowths, application niches and dominance, product approvals, product launches,geographic expansions, technological innovations in the market. To gain moreinfo on low profile additives market, contact Data Bridge Market Research foran Analyst Brief, our team will help you take an informed market decision toachieve market growth.
The lowprofile additives market is segmented on the basis of type, application andend-user. The growth among segments helps you analyse niche pockets of growthand strategies to approach the market and determine your core application areasand the difference in your target markets.
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Global lowprofile additives market, by type is segmented into polystyrene-based,polyvinyl acetate-based, PMMA-based, high-density polyethylene (HDPE),polyester-based and others. Polyester-based can be further segmented intosaturated polyester and unsaturated polyester.
On the basisof application, the low profile additives market is segmented into compressionand injection moulding, pultrusion, hand lay-up, spray lay-up, resin transfermoulding and others.
The marketcan also be segmented on the basis of end-user into transportation industry,automotive, construction, military and aerospace, electronics, consumerproducts and appliances and others.
The lowprofile additives market is analysed and market size, volume information isprovided by country, type, application and end-user as referenced above.
Thecountries covered in the low profile additives market report are U.S., Canadaand Mexico in North America, Brazil, Argentina and Rest of South America aspart of South America, Germany, Italy, U.K., France, Spain, Netherlands,Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China,India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia,Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), SaudiArabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
Asia-Pacificregion holds the biggest market share presently. This is because of the largeindustrial base in the region. Increased use of commercialized electricalvehicles and also the awareness of the same in the developing economies isresponsible for the region to have the major chunk of market share in itsaccount. For the forecast period of 2021-2028, Asia-Pacific region is expectedto propel at the highest growing rate due to rapid industrialization andurbanisation in the developing countries. The growing number of constructionand automobile companies will drive the demand for the low profile additives.
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The countrysection of the low profile additives market report also provides individualmarket impacting factors and changes in regulation in the market domesticallythat impacts the current and future trends of the market. Data points likedown-stream and upstream value chain analysis, technical trends and porter'sfive forces analysis, case studies are some of the pointers used to forecastthe market scenario for individual countries. Also, the presence andavailability of global brands and their challenges faced due to large or scarcecompetition from local and domestic brands, impact of domestic tariffs andtrade routes are considered while providing forecast analysis of the countrydata.
Low profileadditives market competitive landscape provides details by competitor. Detailsincluded are company overview, company financials, revenue generated, marketpotential, investment in research and development, new market initiatives,regional presence, company strengths and weaknesses, product launch, productwidth and breadth, application dominance. The above data points provided areonly related to the companies’ focus related to low profile additives market.
The majorplayers covered in the low profile additives market report are Wacker ChemieAG, LyondellBasell Industries Holdings B.V., Reichhold LLC 2, AOC, InterplasticCorporation., Chevron Phillips Chemical Company LLC., Ashland., EvonikIndustries AG, Vin Industries – Plastic & Rubber Additives, BASF SE, LuciteInternational, Mechemco., SUMITOMO SEIKA CHEMICALS CO.,LTD., synthomer plc,Composites One., Arkema, Monachem., Poliya., Link Composites Pvt. Ltd. andPolynt among other domestic and global players. Market share data is availablefor global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa(MEA) and South America separately. DBMR analysts understand competitivestrengths and provide competitive analysis for each competitor separately.
GlobalLow Profile Additives Market, By Type (Polystyrene-Based, PolyvinylAcetate-Based, PMMA-Based, High-Density Polyethylene (HDPE), Polyester-Basedand Others), Application (Compression and Injection Moulding, Pultrusion, HandLay-up, Spray Lay-Up, Resin Transfer Moulding and Others), End-User(Transportation Industry, Automotive, Construction, Military and Aerospace,Electronics, Consumer Products and Appliances and Others), Country (U.S.,Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K.,France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest ofEurope, Japan, China, India, South Korea, Australia, Singapore, Malaysia,Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E,South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trendsand Forecast to 2028
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