Dublin, Feb. 06, 2019 (GLOBE NEWSWIRE) -- The "Low Profile Additives Market by Type (PVA, PMMA, Polystyrene, and Others), Application (SMC/BMC, Resin Transfer Molding, Pultrusion, and Others) and Region (North America, Europe, Asia-Pacific, and Rest of The World) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The low profile additives market is projected to grow from USD 381 million in 2018 to USD 664 million by 2023, at a CAGR of 11.8%
Low profile additives are thermoplastic polymers used during composite manufacturing to reduce the sink marks and irregularities on the surface. Composites manufactured using low profile additives are mainly used in the electrical & electronics, construction, and transportation industries. These composites are used in the manufacturing of hood, grill opening panel, doors, roof, hatch, spoiler, bumpers, sanitary ware, household appliance, and electrical components. The low profile additives market size was USD 339.6 million in 2017 and is projected to register a CAGR of 11.8% between 2018 and 2023. This growth is attributed to the increased demand for SMC and BMC in the automotive and growth in the electrical & electronics and construction industries. Moreover, the continuous growth in renewable energy, especially wind energy, owing to the shift from non-renewable sources of energy to renewable sources of energy in various countries is augmenting the growth of the low profile additives market. PVA, polystyrene, PMMA, and others including LDPE, HDPE, and polyester are the various types of low profile additives used in applications such as SMC/BMC, RTM, and pultrusion, among others. Among the types, PVA is the most widely used low profile additives due to its low cost, easy availability, good adhesion, and good solubility properties as compared to other polymers. SMC/BMC is the major application of these additives, followed by RTM and pultrusion. In the automotive industry, SMC/BMC is used for the production of class A surfaces, hoods, decks, bumpers, and radiator supports, among others. The need for lightweight but efficient materials in the production of these parts is one of the main factors driving the low profile additives market in the SMC/BMC segment. In emerging economies such as China, India, Brazil, and South Korea the low profile additives market is expected to witness significant growth in the coming years. Automobile production, urbanization, and industrialization, together, will provide enormous opportunities for manufacturers of low profile additives to grow and sustain in these economies.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Low Profile Additives Market 4.2 Low Profile Additives Market, By Type 4.3 Low Profile Additives Market, By Application 4.4 Low Profile Additives Market, By Region 4.5 APAC Low Profile Additives Market, By Application and Country 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand for SMC and BMC in the Automotive Industry 5.2.1.2 Growth in Electrical & Electronics and Construction Industries 5.2.1.3 Growth of Renewable Energy 5.2.2 Restraints 5.2.2.1 Volatility in Raw Material Prices 5.2.3 Opportunities 5.2.3.1 Increasing Demand for Composite Materials in Emerging Economies 5.3 Porter's Five Forces Analysis 5.3.1 Threat of New Entrants 5.3.2 Threats of Substitutes 5.3.3 Bargaining Power of Suppliers 5.3.4 Bargaining Power of Buyers 5.3.5 Intensity of Competitive Rivalry 6 Low Profile Additives Market, By Type 6.1 Introduction 6.2 Polyvinyl Acetate 6.2.1 Easy Availability and Low Cost of PVA to Drive the Market 6.3 Polymethyl Methacrylate 6.3.1 Increased Demand in Speciality Applications to Fuel the Growth of the Market 6.4 Polystyrene 6.4.1 Easy Availability and Increased Demand in Electrical & Electronics Application to Augment Market Growth 6.5 Others 7 Low Profile Additives Market, By Application 7.1 Introduction 7.2 SMC/BMC 7.2.1 Efficient Operability and High Performance to Increase Applicability of SMC/BMC 7.3 RTM 7.3.1 Increasing Applications Due to Demand From Various Industries 7.4 Pultrusion 7.4.1 Efficient Properties of Pultrusion Process Make It Suitable in Various Applications 7.5 Others 8 Low Profile Additives Market, By Region 9 Competitive Landscape 9.1 Introduction 9.2 Ranking of Key Players 9.2.1 Wacker Chemie 9.2.2 Lyondellbasell Industries 9.2.3 Polynt-Reichhold Group 9.2.4 AOC Aliancys 9.2.5 Interplastic Corporation 9.3 Competitive Scenario 9.3.1 Agreement 9.3.2 Investment & Expansion 9.3.3 Merger & Acquisition 10 Company Profiles 10.1 Wacker Chemie 10.2 Lyondellbasell Industries 10.3 Polynt-Reichhold Group 10.4 AOC Aliancys 10.5 Interplastic Corporation 10.6 Aromax Technology 10.7 Ashland 10.8 Evonik Industries 10.9 Swancor Holding Company Limited 10.10 VIN Industries 10.11 Other Companies 10.11.1 Altana 10.11.2 BASF 10.11.3 Lucite International 10.11.4 Mechemco 10.11.5 Sumitomo Seika Chemicals Company 10.11.6 Synthomer
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