The low profile additives market involves products such as polyester-based, vinyl-based, and PVC-based additives that reduce density and sagging in applications like coating, molding, and pultrusion composites. Low profile additives help increase durability, chemical resistance, and dimensional stability of products by reducing density without affecting mechanical properties. They are commonly blended into thermoset and thermoplastic compounds to decrease shrinkage and promote flow during cure or molding.
The Low Profile Additives Market size was valued at US$ 760.3 Million in 2023 and is expected to reach US$ 1,247.9 Million by 2031, growing at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. Key Takeaways Key players operating in the low profile additives are Wacker Chemie AG, INEOS AG, Polynt S.p.A., Vin Industries, BASF SE, Altana, Polychem Ltd., Swancor, LyondellBasell Industries Holdings B.V., Aromax Technology Corp., Interplastic Corp., Synthomer PLC, AOC, LLC, Mechemco, Taak Resin Co., NOF Corporation. The growing demand from end-use industries like transportation and aerospace due to emphasis on lightweight materials is fueling market growth. Additionally, expanding operations of major players into emerging economies of Asia Pacific and Latin America is further expected to boost the low profile additives market. Market Key Trends One of the major trends in the Low Profile Additives Market Demand is the increasing use in paints and coatings applications. Due to stringent environmental regulations worldwide regarding vehicular emissions, automakers are focusing on reducing the weight of vehicles without compromising on durability, which is propelling the demand for low-density additives in automotive coatings. Low profile additives help manufacture lighter auto part coatings with excellent mechanical properties. The trend is expected to continue as OEMs further emphasize developing lightweight vehicles for enhanced fuel efficiency.
Porter’s Analysis
Threat of new entrants: Low barrier requirements such as technology and capital provide moderate threat for new entrants. However, established distribution channels and brand loyalty provide advantage to existing players. Bargaining power of buyers: Large buyers have significant bargaining power due to price sensitivity of end products and availability of substitutes. However, customized products create dependence. Bargaining power of suppliers: Presence of many suppliers of raw materials limits their bargaining power. However, proprietary technologies can increase supplier power. Threat of new substitutes: Moderate threat as product properties are difficult to replicate and switching costs are high for customers. Competitive rivalry: Intense competition due to large number of players and fragmentation driving price wars. Players compete on product quality, service and brand reputation. In terms of Low Profile Additives Market Regional Analysis, the Asia Pacific region dominates the global low profile additives market, followed by Europe and North America. China holds the largest share in the Asia Pacific region attributed to significant consumption of paints & coatings and plastics industries. North America is expected to be the fastest growing region in the low profile additives market during the forecast period due to increasing demand from end use industries like transportation and construction especially in the U.S. Major factors driving the market growth include recovery in construction activities, rise in automotive production and remodeling & renovation activities.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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