The Low Profile Additives Market comprises various additives that are incorporated into polymer materials like polyester, vinyl ester, epoxy and others to obtain low-density, lightweight and high strength characteristics. Low profile additives reduce viscosity and density of the polymer mixtures, enabling them to level out for a smooth finish. They help in reducing shrinkage during curing and producing components with thinner walls. Common low profile additives are polystyrene, polymethyl methacrylate and modified polystyrene. These additives aid in producing composites suitable for fiber-reinforced automotive parts, sanitary ware, electronic devices and wind turbine blades.
The Global Low Profile Additives Market is estimated to be valued at US$ 1,247.9 Mn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Low Profile Additives are Wacker Chemie AG, INEOS AG, Polynt S.p.A., Vin Industries, BASF SE, Altana, Polychem Ltd., Swancor, LyondellBasell Industries Holdings B.V., Aromax Technology Corp., Interplastic Corp., Synthomer PLC, AOC, LLC, Mechemco, Taak Resin Co., NOF Corporation. Among them, Wacker and Polynt are the market leaders due to their extensive product range and global distribution networks.
The demand for Low Profile Additives Market Demand is growing due to the increasing production of composites for lightweight automotive parts, wind turbine blades, pipes and structural applications. Automotive manufacturers are focused on reducing vehicle weight to meet stringent fuel efficiency norms. This is accelerating the consumption of composites in under-the-hood applications and elsewhere.
Geographically, the Asia Pacific region dominated the low profile additives market in 2019 led by China, Japan and India. This trend is expected to continue during the forecast period due to the expansion of the automotive, construction and wind energy industries in the region. North America and Europe are other major markets driven by regulatory push for fuel-efficient vehicles and renewable energy adoption.
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