Low Profile Additives Market - Global Industry Analysis, and Forecast 2024
Global Low profile additives Market: Overview
Low
profile additives are thermoplastic polymers which are added to glass
or polyester composites during the production process of composites for
enhancing the surface finish and to shun the contraction. Composites
tend to experience soaring contraction in the volume at the
polymerization stage of unsaturated polyester resins. This ultimately
results in meager surface appearance and also leads to internal voids
and cracks. The mixture of low profile additives are and unsaturated
polyester resins are used for avoiding the contraction at the
polymerization stage and to maintain the dimensional stability of the
composites.
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Low profile additives Market: Segmentation
The
major types of low profile additives include polystyrene, polyvinyl
acetate, high density polyethylene (HDPE) and polymethyl methacrylate
(PMMA). These low profile additives are mainly used in applications such
as pultrusion and molding compounds. The application products of low
profile additives are used in industries such as sanitary ware and
automotive. The growing demand for low profile additives from end-user
industries such as automotive is expected to drive the global for low
profile additives market in the next few years.
Low profile additives Market: Geographical Dynamics
Asia
Pacific is expected to be the fastest growing market for low profile
additives in the next few years. The most noteworthy reason for this is
the increasing demand for the application products of low profile
additives in emergent Asian countries such as China, India, Indonesia,
Malaysia and Thailand. Also, the countries such as Brazil, Argentina,
South Africa, Saudi Arabia, Egypt and Israel are showing rapid growth in
the automotive and other industries since the last few years. The
growing demand for automobiles across the globe, especially in the
emergent countries, is anticipated to drive the global low profile
additives market in the next few years. In addition, the U.S. and
European nations are steadily recovering from the economic crisis. All
these factors are creating a positive outlook for the overall global
industrial scenario. Considering this outlook, the industries such as
automotive and related industries are anticipated to record an
astounding growth in the next few years.
Due
to this, the demand for application products of low profile additives
such as molding compounds are projected to record an amazing growth in
the next few years. Ultimately, the demand for low profile additives
such as polystyrene, polyvinyl acetate, high density polyethylene (HDPE)
and polymethyl methacrylate (PMMA) is expected to increase in the next
few years. Moreover, there is a notable market potential for automotive
and allied industries in the rapidly emerging nations such as China,
India and Brazil. The growing demand for low profile additives in
industries such as automotive and sanitary ware across different regions
of the world, especially in the emergent countries, is anticipated to
drive the global low profile additives market in the next six years.
Low profile additives Market: Competitive Landscape
The
major players operating in the low profile additives market are mainly
focusing on the developing economies for tapping their huge market
potential. These companies are installing massive production facilities
in the developing countries to fulfill the swiftly rising demand for low
profile additives from different end-user industries. Therefore, the
global low profile additives market is projected to experience a
significant growth in the next six years.
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Some
of the major companies operating in the global low profile additives
market are Momentive Specialty Chemicals Inc., CCP Composites, Arkema,
Ashland Inc., FRP Services & Company, Wacker Chemie AG, Mechemco
Group, Polyone Corporation, Cray Valley, Lucite International, Swancor
Ind. Co. Ltd., Reichhold Chemicals Inc., Command Chemical Corp. and
Changzhou Huarun Composite Materials Co. Ltd.
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