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Low Profile Additives Market Trends

Report ID: GMI3749
Published Date: Feb 2024
Report Format: PDF

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Low Profile Additives Market Trends

In the Low-Profile Additives (LPA) industry, current trends reflect a shift towards eco-friendly and sustainable solutions, driven by increasing environmental awareness and stringent regulations. Manufacturers are focusing on developing LPAs that not only enhance the performance and appearance of composite materials but also align with sustainability goals. Similarly, there is a growing emphasis on customization and versatility, with LPAs being formulated to cater to diverse applications in industries such as automotive, construction, and consumer goods. As technological advancements continue, innovations in low-profile additives are expected to address specific industry requirements, providing tailored solutions for improved processing efficiency and superior end-product characteristics.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of low profile additives was reached USD 660 million in 2023 and is anticipated to register over 6.6% CAGR through 2032, as it plays a crucial role in enhancing the dimensional stability and surface quality of finished products.

Polyvinyl acetate (PVA) segment accounted for USD 248 million in 2023 and will grow significantly through 2032 as its versatility and excellent adhesive properties, compatibility with a wide range of resins, and good mechanical strength.

Asia Pacific low profile additives market generated a revenue of USD 227 million in 2023 and will witness substantial growth through 2032, owing to the expanding automotive and construction sectors in countries like China and India.

AOC Aliancys, Arkema, Ashland Global Holdings Inc., BASF SE, Celanese Corporation, Dow Chemical Company, Eastman Chemical Company, Evonik Industries AG, Interplastic Corporation, LG Chem Ltd., Mitsubishi Chemical Corporation, and Polynt-Reichhold Group.