Dublin, June 21, 2021 (GLOBE NEWSWIRE) -- The "Low Profile Additives Market Size, Share & Analysis, By Product Type (Polystyrene-based, Polyvinyl Acetate-based, PMMA-based, High-density Polyethylene (HDPE), Polyester-Based, And Others), By Application, By End-Use Industry, And By Region, Global Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.
Market Size - USD 487.6 Million in 2020, Market Growth - CAGR of 10.9%, Market Trends - Increasing use of LPAs in electric vehicles in order to comply with emission regulations
The global low profile additives market size is expected to reach USD 1,124.1 Million in 2028, and register a CAGR of 10.9% during the forecast period. Market growth is driven by major factors such as growing consumption of Low Profile Additives (LPA) in automotive industry for application in headlamp reflectors, lighting systems, under-the-hood components, etc. coupled with increasing automobile production globally.
Demand for low profile additives from the construction industry is expected to increase in parallel to growing construction activities globally. Additionally, increasing use of LPAs in Sheet Molding Compounds (SMC) and Bulk Molding Compounds (BMC) applications are factors expected to drive growth of the global low profile additives market.
Fluctuating costs of certain raw materials, and availability of substitutes at reasonable cost are factors that could hamper growth of the global low profile additives market to some extent.
Some Key Findings From the Report:
- Among the product type segments, the high density polyethylene segment accounted for the substantially large revenue share in 2020, as these products offer excellent processing ability as well as superior mechanical properties. The polystyrene-based segment is expected to register a robust revenue CAGR during the forecast period, due to increasing consumption of polystyrene-based products in construction industry as well as SMC and BMC applications.
- Among the application segments, the resin transfer molding segment accounted for the largest revenue share in 2020, as this technique is rapidly gaining popularity among manufacturers of various industries due to its convenience of use and lower operating costs.
- Among the end-use industry segments, the construction segment accounted for the largest revenue share in the global low profile additives market in 2020.
- The Asia Pacific market accounted for the largest revenue share in the global market in 2020, due to rapidly growing economies and robust industrialization in the region.
- North America LPA market is expected to register a robust CAGR during the forecast period, due to developed industries including transportation, aerospace, aviation, and automotive.
- Key players profiled in the report include Lyondellbasell Industries, Aromax Technology, AOC Aliancys, Swancor Holding Company Limited, Evonik Industries, Wacker Chemie, Swancor Holding Company Limited, Polynt-Reichhold Group, Lucite International, and BASF. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
Reasons to Buy the Report
- A robust analysis and estimation of the Low Profile Additives Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Low Profile Additives Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Key Topics Covered:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 - 2028
Chapter 3. Indicative Metrics
Chapter 4. Low Profile Additives Market Segmentation & Impact Analysis
4.1. Low Profile Additives Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for SMC & BMC in automotive
4.2.2.2. Growth in renewable energy
4.2.2.3. Growth in construction and electronics industry
4.2.3. Market restraints analysis
4.2.3.1. Volatile raw material prices
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Low Profile Additives By Product Type Insights & Trends
5.1. Product Type Dynamics & Market Share, 2021 & 2028
5.2. Polystyrene-based
5.2.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
5.2.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
5.3. Polyvinyl Acetate-based
5.3.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
5.3.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
5.4. PMMA-based
5.4.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
5.4.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
5.5. High-density Polyethylene (HDPE)
5.5.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
5.5.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
5.6. Polyester-based
5.6.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
5.6.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
5.7. Others
5.7.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
5.7.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
Chapter 6. Low Profile Additives By Application Insights & Trends
6.1. Application Dynamics & Market Share, 2021 & 2028
6.2. Sheet Molding Compound/ Bulk Molding Compound
6.2.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
6.2.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
6.3. Resin Transfer Molding
6.3.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
6.3.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
6.4. Pultrusion
6.4.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
6.4.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
6.5. Others
6.5.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
6.5.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
Chapter 7. Low Profile Additives By End-Use Industry Insights & Trends
7.1. End-Use Industry Dynamics & Market Share, 2021 & 2028
7.2. Automotive
7.2.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
7.2.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
7.3. Construction
7.3.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
7.3.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
7.4. Military and Aerospace
7.4.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
7.4.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
7.5. Electronics
7.5.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
7.5.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
7.6. Consumer Products & Home Appliances
7.6.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
7.6.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
7.7. Others
7.7.1. Market estimates and forecast, 2018 - 2028 (Kilo Tons) (USD Million)
7.7.2. Market estimates and forecast, By Region, 2018 - 2028 (Kilo Tons) (USD Million)
Chapter 8. Low Profile Additives Market Regional Outlook
Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. Lyondellbasell Industries
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Aromax Technology
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. AOC Aliancys
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Swancor Holding Company Limited
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Evonik Industries
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. Wacker Chemie
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
10.7. Swancor Holding Company Limited
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Technology Insights
10.7.4. Strategic Initiatives
10.8. Polynt-Reichhold Group
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Technology Insights
10.8.4. Strategic Initiatives
10.9. Lucite International
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Technology Insights
10.9.4. Strategic Initiatives
10.10. BASF
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Technology Insights
10.10.4. Strategic Initiatives
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