Low Profile Additives Market

Low Profile Additives Market by Type (PVA, PMMA, Polystyrene, and Others), Application (SMC/BMC, Resin Transfer Molding, Pultrusion, and Others) and Region (North America, Europe, Asia-Pacific, and Rest of The World) - Global Forecast to 2023

Report Code: CH 6884 Jan, 2019, by marketsandmarkets.com

[100 Pages Report] The low profile additives market size is estimated to be USD 381 million in 2018 and is projected to reach USD 664 million by 2023, at a CAGR of 11.8%. Technological advancements in the automotive industry and increasing demand from electrical equipment and appliances are the key factors driving the low profile additives market, globally. In addition, the growing demand for renewable energy, especially wind energy, will augment the growth of the market, globally.

Low Profile Additives Market

By type, the PVA segment is expected to be the largest contributor, in terms of value, in the low profile additives market during the forecast period.

The PVA segment is estimated to account for the largest share of the low profile additives market during the forecast period. The high market share is attributed to its extraordinary solubility characteristics during the curing phase of unsaturated polyesters, excellent shrinkage prevention in end products, and easy availability.

By application, SMC/BMC is expected to be the fastest-growing segment, in terms of value, in the low profile additives market during the forecast period.

SMC/BMC is projected to be the fastest-growing application of low profile additives during the forecast period. The growth of this segment can be attributed to the growing demand for lightweight materials in the automotive industry. In addition, increasing commercialized use of electric vehicles is boosting the demand for these compounds, which, in turn, is driving the low profile additives market. For instance, Nissan (Model Name: Leaf), GM (Model Name: Bolt), Kia Soul, BMW, and Tesla Motors have successfully commercialized electric vehicles in the passenger car market.

Low Profile Additives Market

APAC is projected to be the largest market, in terms of value, during the forecast period

APAC is the major revenue generating region in the global low profile additives market owing to its large industrial base and growing urbanization. APAC is also the fastest-growing low profile additive market, globally. The growth of the APAC low profile additive market can be attributed to the augmentation and modernization along with new technological developments in the automotive industry. In addition, several initiatives undertaken by the governments of different countries of the region to attract investments from various international companies are also expected to propel the growth of the APAC low profile additive market during the forecast period.

Wacker Chemie (Germany), LyondellBasell Industries (Netherlands), Polynt-Reichhold Group (Italy), AOC Aliancys (Italy), and Interplastic Corporation (US) are the key players operating in the low profile additives market.

These companies have adopted various organic and inorganic growth strategies between 2015 and 2018 to strengthen their position in the market. Agreement was among the key growth strategies adopted by these leading players to enhance their regional presence and meet the growing demand for low profile additives from emerging economies.

Scope of the report

Report Metric

Details

Years considered for the study

  • 2016–2023

Base year

 2017

Forecast period

2018–2023

Units considered

Value (USD) and Volume (Kiloton)

Segments

Type, Application, and Region

Regions

North America, APAC, Europe, and RoW

Companies

Wacker Chemie (Germany), LyondellBasell Industries (Netherlands), Polynt-Reichhold Group (Italy), AOC Aliancys (Italy), and Interplastic Corporation (US)
Total 15 major players covered.

This research report categorizes the low profile additive market based on type, application, and region.

On the basis of type, the low profile additives market has been segmented as follows:

  • Polyvinyl Acetate (PVA)
  • Polymethyl methacrylate (PMMA)
  • Polystyrene
  • Others (PE, HDPE, and Polyester)

On the basis of application, the low profile additives market has been segmented as follows:

  • SMC/BMC
  • Resin Transfer Molding (RTM)
  • Pultrusion
  • Others (Hand Lay-up, RIM, and Spray lay-up)

On the basis of region, the low profile additives market has been segmented as follows:

  • Europe
  • North America
  • APAC
  • RoW

Recent Developments

  • In November 2018, Polynt-Reichhold Group (Italy) and Gazechim Composites (Sweden) entered into a distribution agreement with Gazechim Composites (Sweden) to distribute unsaturated polyester products, gelcoats, and bonding pastes. The development will increase the market share of Polynt-Reichhold in Europe and also help to cater to the increasing demand for low profile additives, globally.
  • In August 2018, LyondellBasell (Netherlands) acquired A. Schulman, Inc. (US), a global supplier of composites, high-performance plastic compounds, and powders. The acquisition doubled the existing company’s compounding business and broadened its reach in various growing end-use industries such as automotive, construction materials, electronic goods, and packaging.
  • In August 2018, AOC and Aliancys (Switzerland) signed a merger agreement to create a global resins group. AOC Aliancys will now supply polyester and vinyl ester resins, gelcoats, and other materials for the composites industry. The merger will bring innovative composite solutions to various industries, globally.
  • In November 2017, Wacker Chemie (Germany) opened a technical center for the construction, textile, and consumer care applications in Istanbul. The center enabled the testing of tile adhesive and external thermal insulation composite systems that are the two key applications of Vinnapas.

Critical questions the report answers:

  • What are the upcoming hot bets for the low profile additive market?
  • How are the market dynamics for different types of low profile additives?
  • What are the significant trends in applications influencing the market?
  • Who are the major manufacturers of low profile additives?
  • What are the factors governing the low profile additive market in each region?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Low Profile Additive Market
    4.2 Low Profile Additive Market, By Type
    4.3 Low Profile Additive Market, By Application
    4.4 Low Profile Additive Market, By Region
    4.5 APAC Low Profile Additive Market, By Application and Country

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for SMC and BMC in the Automotive Industry
                    5.2.1.2 Growth in Electrical & Electronics and Construction Industries
                    5.2.1.3 Growth of Renewable Energy
           5.2.2 Restraints
                    5.2.2.1 Volatility in Raw Material Prices
           5.2.3 Opportunities
                    5.2.3.1 Increasing Demand for Composite Materials in Emerging Economies
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threats of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Low Profile Additives Market, By Type (Page No. - 36)
    6.1 Introduction
    6.2 Polyvinyl Acetate
           6.2.1 Easy Availability and Low Cost of PVA to Drive the Market
    6.3 Polymethyl Methacrylate
           6.3.1 Increased Demand in Speciality Applications to Fuel the Growth of the Market
    6.4 Polystyrene
           6.4.1 Easy Availability and Increased Demand in Electrical & Electronics Application to Augment Market Growth
    6.5 Others

7 Low Profile Additives Market, By Application (Page No. - 40)
    7.1 Introduction
    7.2 SMC/BMC
           7.2.1 Efficient Operability and High Performance to Increase Applicability of SMC/BMC
    7.3 RTM
           7.3.1 Increasing Applications Due to Demand From Various Industries
    7.4 Pultrusion
           7.4.1 Efficient Properties of Pultrusion Process Make It Suitable in Various Applications
    7.5 Others

8 Low Profile Additives Market, By Region (Page No. - 44)
    8.1 Introduction
    8.2 North America
           8.2.1 US
                    8.2.1.1 Growing Demand for Energy-Efficient Vehicles to Increase the Need for Low Profile Additives
           8.2.2 Canada
                    8.2.2.1 New and Emerging Technologies, New Application Areas, and Improved Government Investments to Drive the Market
           8.2.3 Mexico
                    8.2.3.1 Increasing Use of Low Profile Additives in Automotive Components and Home Appliances Applications
    8.3 Europe
           8.3.1 Germany
                    8.3.1.1 Rapid Growth in the Electrical & Electronics Industry to Increase the Demand for Low Profile Additives
           8.3.2 France
                    8.3.2.1 Growing Automotive Application to Drive the Demand for Low Profile Additives
           8.3.3 Spain
                    8.3.3.1 Rising Global and Domestic Demand for Automobiles Will Drive the Market
           8.3.4 UK
                    8.3.4.1 Significant Improvement in Economic Condition and Growth in Domestic Demand for Innovative and Efficient Products are Fueling the Demand for Low Profile Additives
           8.3.5 Italy
                    8.3.5.1 Motors and Home Appliances are Projected to Be Two Key End Users of Low Profile Additives
           8.3.6 Rest of Europe
    8.4 APAC
           8.4.1 China
                    8.4.1.1 Favorable Market Conditions and Government Regulations are Increasing the Demand for Low Profile Additives
           8.4.2 Japan
                    8.4.2.1 High-Value Electrical Appliances and Automotive Components Applications to Lead the Low Profile Additive Market
           8.4.3 India
                    8.4.3.1 Rapid Growth in the Industrial Sector to Propel the Low Profile Additive Market
           8.4.4 South Korea
                    8.4.4.1 Increasing Automotive Exports and Domestic Demand to Propel the Demand for Low Profile Additives
           8.4.5 Rest of APAC
    8.5 RoW
           8.5.1 Brazil
                    8.5.1.1 Technological Innovation in the Automotive Industry to Create Demand for Composites as Well as Low Profile Additives
           8.5.2 Saudi Arabia
                    8.5.2.1 The Necessity for New and Energy-Efficient Equipment and Infrastructure to Increase the Demand for Low Profile Additives
           8.5.3 UAE
                    8.5.3.1 Improved Government Initiatives in the Automotive Industry and Growing Manufacturing Sector Will Propel the Market
           8.5.4 Argentina
                    8.5.4.1 Growth in Vehicle Production and Renewable Energy to Augment the Growth of the Low Profile Additive Market
           8.5.5 Others

9 Competitive Landscape (Page No. - 75)
    9.1 Introduction
    9.2 Ranking of Key Players
           9.2.1 Wacker Chemie
           9.2.2 Lyondellbasell Industries
           9.2.3 Polynt-Reichhold Group
           9.2.4 AOC Aliancys
           9.2.5 Interplastic Corporation
    9.3 Competitive Scenario
           9.3.1 Agreement
           9.3.2 Investment & Expansion
           9.3.3 Merger & Acquisition

10 Company Profiles (Page No. - 80)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     10.1 Wacker Chemie
     10.2 Lyondellbasell Industries
     10.3 Polynt-Reichhold Group
     10.4 AOC Aliancys
     10.5 Interplastic Corporation
     10.6 Aromax Technology
     10.7 Ashland
     10.8 Evonik Industries
     10.9 Swancor Holding Company Limited
     10.10 VIN Industries
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     10.11 Other Companies
             10.11.1 Altana
             10.11.2 BASF
             10.11.3 Lucite International
             10.11.4 Mechemco
             10.11.5 Sumitomo Seika Chemicals Company
             10.11.6 Synthomer

11 Appendix (Page No. - 94)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details


List of Tables (63 Tables)

Table 1 Low Profile Additive Market Size, By Type, 2016–2023 (Kiloton)
Table 2 Low Profile Additive Market Size, By Type, 2016–2023 (USD Million)
Table 3 Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 4 Low Profile Additive Market Size, By Application, 2016–2023 (USD Million)
Table 5 Low Profile Additive Market Size, By Region, 2016–2023 (Kiloton)
Table 6 Low Profile Additive Market Size, By Region, 2016–2023 (USD Million)
Table 7 North America: LPA Market Size, By Country, 2016–2023 (Kiloton)
Table 8 North America: Low Profile Additive Market Size, By Country, 2016–2023 (USD Million)
Table 9 North America: LPA Market Size, By Application, 2016–2023 (Kiloton)
Table 10 North America: Low Profile Additive Market Size, By Application, 2016–2023 (USD Million)
Table 11 US: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 12 US: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 13 Canada: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 14 Canada: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 15 Mexico: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 16 Mexico: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 17 Europe: Low Profile Additive Market Size, By Country, 2016–2023 (Kiloton)
Table 18 Europe: LPA Market Size, By Country, 2016–2023 (USD Million)
Table 19 Europe: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 20 Europe: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 21 Germany: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 22 Germany: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 23 France: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 24 France: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 25 Spain: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 26 Spain: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 27 UK: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 28 UK: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 29 Italy: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 30 Italy: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 31 Rest of Europe: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 32 Rest of Europe: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 33 APAC: Low Profile Additive Market Size, By Country, 2016–2023 (Kiloton)
Table 34 APAC: LPA Market Size, By Country, 2016–2023 (USD Million)
Table 35 APAC: LPA Market Size, By Application, 2016–2023 (Kiloton)
Table 36 APAC: Low Profile Additive Market Size, By Application, 2016–2023 (USD Million)
Table 37 China: LPA Market Size, By Application, 2016–2023 (Kiloton)
Table 38 China: Low Profile Additive Market Size, By Application, 2016–2023 (USD Million)
Table 39 Japan: LPA Market Size, By Application, 2016–2023 (Kiloton)
Table 40 Japan: Low Profile Additive Market Size, By Application, 2016–2023 (USD Million)
Table 41 India: LPA Market Size, By Application, 2016–2023 (Kiloton)
Table 42 India: Low Profile Additive Market Size, By Application, 2016–2023 (USD Million)
Table 43 South Korea: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 44 South Korea: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 45 Rest of APAC: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 46 Rest of APAC: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 47 RoW: Low Profile Additive Market Size, By Country, 2016–2023 (Kiloton)
Table 48 RoW: LPA Market Size, By Country, 2016–2023 (USD Million)
Table 49 RoW: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 50 RoW: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 51 Brazil: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 52 Brazil: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 53 Saudi Arabia: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 54 Saudi Arabia: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 55 UAE: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 56 UAE: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 57 Argentina: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 58 Argentina: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 59 Others: Low Profile Additive Market Size, By Application, 2016–2023 (Kiloton)
Table 60 Others: LPA Market Size, By Application, 2016–2023 (USD Million)
Table 61 Agreement, 2015–2018
Table 62 Investment & Expansion, 2015–2018
Table 63 Merger & Acquisition, 2015–2018


List of Figures (26 Figures)

Figure 1 Low Profile Additive Market Segmentation
Figure 2 Low Profile Additive Market: Research Design
Figure 3 Low Profile Additive Market: Data Triangulation
Figure 4 PVA Segment Accounted for the Largest Share of the Low Profile Additives in 2017
Figure 5 SMC/BMC Segment to Register the Highest CAGR in the Low Profile Additive Market
Figure 6 APAC Low Profile Additive Market to Register the Highest CAGR
Figure 7 Growth in Electrical & Electronics, Automotive, and Construction Industries to Drive the Market
Figure 8 PVA to Be the Largest Type of Low Profile Additives
Figure 9 SMC/BMC to Be the Largest Application of Low Profile Additives
Figure 10 APAC Accounted for the Largest Market Share in 2017
Figure 11 SMC/BMC and China Accounted for the Largest Market Share in 2017
Figure 12 Overview of the Factors Governing the Low Profile Additive Market
Figure 13 Low to Medium Threat of New Entrants Owing to the Strong Brand Image of Existing Players
Figure 14 PVA Segment to Account for the Largest Market Share
Figure 15 SMC/BMC Segment Accounetd for the Largest Market Share in 2017
Figure 16 Low Profile Additive Market in India to Register the Highest CAGR
Figure 17 North America: Low Profile Additive Market Snapshot
Figure 18 APAC: Low Profile Additive Market Snapshot
Figure 19 Companies Adopted Agreement as the Key Growth Strategy Between 2015 and 2018
Figure 20 Ranking of Low Profile Additives Manufacturers in 2017
Figure 21 Wacker Chemie: Company Snapshot
Figure 22 Wacker Chemie: SWOT Analysis
Figure 23 Lyondellbasell: Company Snapshot
Figure 24 Lyondellbasell: SWOT Analysis
Figure 25 Ashland: Company Snapshot
Figure 26 Evonik Industries: Company Snapshot

The study involved four major activities in estimating the current market size for low profile additives. The exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation methodologies were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers and Bloomberg BusinessWeek were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, and databases.

Primary Research

The low profile additives market comprises several stakeholders such as raw material suppliers, distributors of low profile additives, polymer and resin associations, composite associations, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market consists of manufacturers of SMC/BMC, RTM, pultrusion producers, whereas the supply side consists of various polymer manufacturers. Various primary sources from both supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents

Low Profile Additives Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the low profile additives market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides in the electrical & electronics and automotive industries.

Objectives of the Study:

  • To define, describe, and forecast the size of the low profile additives market in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, and opportunities) influencing the market growth
  • To analyze and forecast the market by type and application
  • To forecast the market size with respect to four regions, namely, Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW) along with their key countries
  • To strategically analyze micromarkets1 with respect to individual growth trends, growth prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments, such as agreement, investment & expansion, and merger & acquisition, in the market
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies2

Notes: Micromarkets1 are defined as subsegments of the low profile additives market included in the report.

Core competencies2 of the companies are determined in terms of their key developments, SWOT analysis, and strategies adopted to sustain their position in the market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

Country-level analysis of the low profile additives market is provided on the basis of application.

Company Information:

Detailed analysis and profiles of additional market players.

Report Code
CH 6884
Published ON
Jan, 2019
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