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Low-Profile Additives Industry is Projected to Increase Rapidly at a CAGR of 15.4% by 2032
Low Profile Additives
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A high rate of demand growth for polyvinyl acetate is anticipated from 2022 to 2032, with a CAGR of 15.4%. This is due to the material's high productivity and low operating costs.
Low Profile Additives Market : Key Findings
• Growing Demand in Composites Manufacturing: The Low Profile Additives market is experiencing significant growth due to the increasing demand for composites in various industries. Low Profile Additives are essential components in the manufacturing of composites, such as fiberglass reinforced plastics (FRPs) and sheet molding compounds (SMCs). These additives enhance the surface finish, reduce shrinkage, and improve dimensional stability of composites, making them suitable for applications in automotive, aerospace, construction, and consumer goods sectors.
• Increasing Adoption of Lightweight Materials: Lightweighting initiatives across industries are driving the demand for Low Profile Additives. With the need to reduce vehicle weight for fuel efficiency and emission control, manufacturers are turning to composites as a substitute for traditional materials like metals. Low Profile Additives play a crucial role in improving the aesthetics and surface quality of lightweight composite parts.
• Focus on Improved Surface Finish: Low Profile Additives are used to achieve high-quality surface finishes in composite parts. These additives help minimize the appearance of defects such as pinholes, voids, and surface imperfections. By enhancing the surface finish, Low Profile Additives contribute to the overall aesthetics and value of the final product.
• Customization and Tailored Solutions: Manufacturers in the Low Profile Additives market are offering customized and tailored solutions to meet specific customer requirements. They are developing additives with different chemistries, particle sizes, and dispersion properties to optimize the performance of composites. This approach enables manufacturers to enhance productivity, reduce waste, and improve the overall quality of composite parts.
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Competitive Landscape
Majority of market participants have a large production capacity and extensive distribution networks all over the world. To increase their market position, manufacturers are engaging in new product development and expansion strategies such as mergers and acquisitions.
For instance :
• In 2020, Gazechim Composites and Polynt-Reichhold Group agreed to supply unsaturated polyester materials, gel coatings, and bonding pastes. This is projected to improve the Polynt-Reichhold Group's market share in the European region, as well as demand for low profile additives on a global scale.
Key Companies Profiled:
• Momentive Specialty Chemicals Inc.
• Arkema
• Ashland Inc.
• Mechemco Group
• Cray Valley
• Swancor Ind. Co. Ltd.
• Reichhold Chemicals Inc.
• Command Chemical Corp.
Key Segments Covered in Low Profile Additives Industry Research
• Low Profile Additives Market by Type :
o Polyvinyl Acetate
o Polymethyl Methacrylate
o Polystyrene
o Other Types
• Low Profile Additives Market by Application :
o Sheet Molding Compounds (SMC)/Bulk Molding Compounds (BMC)
o Resin Transfer Molding
o Pultrusion
o Other Applications
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Key Questions Covered in the Low Profile Additives Market Report:
• What is the projected value of the Low Profile Additives factors Industry in 2022?
• At what rate will the global Low Profile Additives factors market size grow until 2032?
• Which are the factors hampering the growth of Low Profile Additives factors?
• Which region is expected to lead in the global Low Profile Additives factors market by 2032?
• Which are the factors driving the Low Profile Additives factors Industry during the forecast period?
• What is the expected market value of the Low Profile Additives factors market during the forecast period?
Regional Analysis for Keyword Market:
• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)
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