Market Size of Low Profile Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Low Profile Additives Market Analysis
The market for low profile additives is expected to register a CAGR of more than 7%, during the forecast period. Major factors driving the market studied are the rising demand for high-performance SMC (Sheet Molding Compound) formulations from the automotive industry, and emerging applications in fiber-reinforced plastics (FRP). However, high polymerization shrinkage of unsaturated polyester resin with the crosslinking styrene monomer is expected to hinder the market growth.
- The injection and compression molding (sheet molding compounds (SMC) and bulk molding compounds (BMC)) application segment dominated the market. Itis expected to grow during the forecast period, owing to its increasing consumption in end-users, like the automotive, aerospace anddefense, and medical industries.
- The continuously growing trend of using recycled plastic materials is likely to act as an opportunity in the future.
- Asia-Pacific dominated the global market, with the largest consumption from China and Japan.
