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Low Profile Additives Market Trend with Global Foresight 2023, Top Brands - PolyOne, Ashland, CCP Composites, Wacker Chemie, LyondellBasell Industries Holdings, Momentive, FRP Services & Company, Reichhold, Changzhou Huarun, Arkema and Swancor

10-23-2018 02:07 PM CET | Industry, Real Estate & Construction

Press release from: Market Research Future

Low Profile Additives Market | Demand for Lightweight Vehicles across the globe is set to drive the growth of the global market

Low Profile Additives Market | Demand for Lightweight Vehicles across the globe is set to drive the growth of the global market

Regional Analysis

The Low Profile Additives Market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The market in Asia-Pacific dominated the Global Low Profile Additives Market in 2017 on account of the high demand from major end-use industries such as automotive, construction, electronics, and consumer products in the region.

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The North American market is expected to witness significant growth due to the demand from the construction, automotive, and military and aerospace industries.

High production and trading of automotive parts in Western European countries such as Germany, the U.K., Italy, and France is expected to drive product demand during the forecast period.

Competitive Analysis

Some of the manufacturers operating in the Global Low Profile Additives Market are PolyOne Corporation (U.S.), Ashland (U.S.), CCP Composites (U.S.), Wacker Chemie AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Momentive (U.S.), FRP Services & Company (Japan), Reichhold LLC 2 (U.S.), Command Chemical Corporation, Inc. (U.S.), Changzhou Huarun Composite Materials Co., Ltd. (China), Arkema (France), and Swancor Ind. Co., Ltd. (Taiwan).

Industry Segmentation

The Global Low Profile Additives Market has been segmented by Technique, Product, End-Use Industry and Region.

By Technique, the Global Low Profile Additives Market has been segmented into sheet molding compound (SMC), bulk molding compound (BMC), resin transfer molding (RTM), and pultrusion. The sheet molding compound segment is expected to account for the majority market share as the product is cost-effective, light weight, and reduces industry scrap. Also, it can be easily produced in high volumes. Although SMC and BMC possess the same properties such as dimensional stability, high strength, and corrosion resistance, the BMC segment is expected to grow significantly in the coming years. This can be attributed to the increasing adoption of BMC in the electronics industry as it is fire- and flame-resistant.

Based on Product, the market has been segmented into polyvinyl acetate (PVA), polymethyl methacrylate (PMMA), polystyrene (PS), and high density polyethylene (HDPE). The PVA segment is expected to account for the largest market share due to the extensive use of the product in the production of automotive parts such as headlamp reflectors, lighting systems, under-the-hood components, and LED lighting. PMMA is widely used as a shatterproof replacement for glass and has various advantages over polystyrene such as high resistance to UV light and weathering, excellent light transmission, and a wide range of color options.

The market has been segmented, by end-use industry, into automotive, construction, military and aerospace, electronics, consumer products and home appliances, and others. Automotive is expected to be the leading end-use industry segment due to the increasing demand for lightweight and fuel-efficient automobiles to meet the stringent regulations for volatile organic compound (VOC) emissions. The construction segmented is expected to account for the second-largest market share due to rapid industrialization across the globe.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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