Report Feature
The future of the low profile additive market looks promising with opportunities in the sheet & bulk molding compound, pultrusion, resin transfer molding, hand lay-up, and spray-up application segments. The global low profile additive market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected grow with a CAGR of 5% to 7% from 2020 to 2025. The major drivers for this market are growing demand for SMC and BMC in automotive, aerospace and medical industries and electrical resistivity and high flame retardant material demand in the electrical and electronics industry.
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The study includes trends and forecasts for the global low profile additive market by product type, application, and region as follows:
By Product Type [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
- Polystyrene-based
- Polyvinyl Acetate-based (PVA)
- Polymethyl Methacrylate (PMMA)
- High-Density Polyethylene
- Polyester-based
- Other
By Application [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
- Sheet & Bulk Molding Compounds (SMC/BMC)
- Pultrusion
- Resin Transfer Molding
- Hand Lay-up
- Spray-up
- Others
By Region [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
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North America
- United States
- Canada
- Mexico
-
Europe
- Germany
- United Kingdom
- France
- Italy
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Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
Some of the low profile additive companies profiled in this report include Wacker Chemie, LyondellBasell Industries, Polynt-Reichhold Group, Ashland, PolyOne Corporation, Poliya Composite Resins and Polymers, Swancor Manufacturing, AOC Aliancys, and Interplastic Corporation.
Polyvinyl acetate-based (PVA) will remain the largest product type segment over the forecast period due to easy availability, outstanding shrinkage prevention, and solubility characteristics during curing phase.
SMC and BMC will remain the largest application segment during the forecast period due to increasing demand for lightweight materials in transportation and performance benefits, such as lower corrosion in construction and higher thermal resistance in the E&E industry.
Asia Pacific is expected to remain the largest market over the forecast period by value and volume. Rest of the World is expected to witness the highest growth over the forecast period because of growing demand from transportation and other end use industries.
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Features of Low Profile Additive Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global low profile additive market by product type (polystyrene-based, polyvinyl acetate-based (PVA), polymethyl methacrylate (PMMA), high-density polyethylene, polyester-based, and others), application (sheet & bulk molding compounds (SMC/BMC), pultrusion, resin transfer molding, hand lay-up, spray-up, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the low profile additive market? Q.5 What are the business risks and threats to the low profile additive market? Q.6 What are the emerging trends in the low profile additive market and the reasons behind them? Q.7 What are some changing demands of customers in the low profile additive market? Q.8 What are the new developments in the low profile additive market? Which companies are leading these developments? Q.9 Who are the major players in the low profile additive market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the low profile additive market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the low profile additive market? |
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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