Global Low Profile Additives Market is Expected to Increase around US$ XX Mn by 2025, Due to Increased Demand for Renewable Energy
Analyst Speak:
“The Global Low Profile Additives Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased demand for the renewable energy.
Precision Business Insights (PBI) in its report titled “Global Low Profile Additives Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global low profile additives market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased demand from electrical appliances and electrical instruments will create a demand for the growth of the market. However increase in raw material prices will hinder the growth of the market.
Global low profile additives market segmented on the basis of type, and application.
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PVA Segment Expected to Dominate the Market
Based on type of product, the global low profile additives market is segmented into PVA, PMMA, Polystyrene and others. PVA segment is expected to dominate the market due to its special characteristics such as solubility. Increased demand of PVA from electrical industries will also create a demand for the growth of the market.
SMC Will Dominate the Revenue Share.
Based on application, the global low profiles additive market is segmented into SMC/BMC, resin transfer molding, pultrusion, and others. SMC segment is expected to dominate the major revenue share of the market due to increased application of electric vehicles in commercial industries.
Asia Pacific, Accounts for Major Revenue Share for Global Low Profile Additives Market
Precision Business Insights (PBI), global low profile additives market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Asia Pacific accounted for major revenue share due to increased growth of automotive and construction industries in the countries such as China, Japan, and India. North America market growth is progressing due to increased application of sheet molded parts in outer parts of the passenger vehicles. Increased supply of raw material in U.S is also expected to dominate the North America Market. Brazil low profile additives market is expected to have a positive influence on the global market due to requirement of high-performance thermoplastics in the automotive industry.
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Strategic Merger Play Vital Role in Global Low Profile Additives Market
Market strategies such as acquisitions play an important role in the development of the market. For instance,
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.
Key players in the market include Wacker Chemie (Germany), LyondellBasell Industries (Netherlands), Polynt-Reichhold Group (Italy), AOC Aliancys (Italy), and Interplastic Corporation (US), and others are Ashland, Swancor Manufacturing Inc., Arkema Group, Momentive Performance Materials.
Detailed Segmentation
By Product Type
o PVA
o PMMA
o Polystyrene
o Others
By Application
o SMC/BMC
o Resin Transfer Molding
o Pultrusion
o Others
Geography
o North America
U.S.
Canada
o Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
o Asia-Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
o Latin America
Brazil
Mexico
Argentina
Chile
Rest of Latin America
o Middle East and Africa
South Africa
Gulf Cooperation Council Countries(GCC)
Rest of MEA
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