The Low Profile Additives Market is Predict to reach USD 978.9 Million by 2030, at a CAGR of 5.0%

28-Feb-2024 | Report Format: Electronic (PDF)

Low Profile Additives Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Low Profile Additives Market size is expected to reach $978.9 million by 2030, rising at a market growth of 5.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 315.79 kilo tonnes, experiencing a growth of 4.0% (2019-2022).

The Shrink & Bulk Molding Compounds (SMC/BMC) segment is leading the Global Low Profile Additives Market by Application in 2022; thereby, achieving a market value of $481.6 million by 2030. Low profile additives can improve the processability of SMC/BMC materials, making them easier to mold and reducing the likelihood of defects. This can lead to increased production efficiency and cost savings for manufacturers. Low profile additives are compatible with a wide range of resins used in SMC/BMC materials, making them versatile and suitable for use in various molding processes. This compatibility allows for their use in various industries and applications.

The Polymethyl Methacrylate (PMMA) segment would register a CAGR of 5.3% during (2023 - 2030). PMMA is a highly suitable material for outdoor applications, including marine coatings, automotive coatings, and construction materials, due to its exceptional weatherability and UV resistance. The increasing demand for durable, long-lasting products in these industries drives the demand for PMMA as a low profile additive. As industries continue to demand high-performance, durable, and visually appealing products, the demand for PMMA as a low profile additive is expected to grow.

Full Report: https://www.kbvresearch.com/low-profile-additives-market/

The Asia Pacific region dominated the Global Low Profile Additives Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $480.2 million by 2030. The North America region is experiencing a CAGR of 4.2% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 4.7% during (2023 - 2030).