Market Overview:
The global low profile additives
market has been segmented by technique, product, end-use industry, and region.
By technique, the global low
profile additives market has been segmented into sheet molding compound (SMC),
bulk molding compound (BMC), resin transfer molding (RTM), and pultrusion. The
sheet molding compound segment is expected to account for the majority market
share as the product is cost-effective, light weight, and reduces industry
scrap. Also, it can be easily produced in high volumes. Although SMC and BMC
possess the same properties such as dimensional stability, high strength, and
corrosion resistance, the BMC segment is expected to grow significantly in the
coming years. This can be attributed to the increasing adoption of BMC in the
electronics industry as it is fire- and flame-resistant.
Based on product, the market has
been segmented into polyvinyl acetate (PVA), polymethyl methacrylate (PMMA),
polystyrene (PS), and high density polyethylene (HDPE). The PVA segment is
expected to account for the largest market share due to the extensive use of
the product in the production of automotive parts such as headlamp reflectors,
lighting systems, under-the-hood components, and LED lighting. PMMA is widely
used as a shatterproof replacement for glass and has various advantages over
polystyrene such as high resistance to UV light and weathering, excellent light
transmission, and a wide range of color options.
The market has been segmented, by
end-use industry, into automotive, construction, military and aerospace,
electronics, consumer products and home appliances, and others. Automotive is
expected to be the leading end-use industry segment due to the increasing
demand for lightweight and fuel-efficient automobiles to meet the stringent
regulations for volatile organic compound (VOC) emissions. The construction
segmented is expected to account for the second-largest market share due to
rapid industrialization across the globe.
Competitive Analysis
·
PolyOne Corporation
·
Ashland
·
CCP Composites
·
Wacker Chemie AG
·
LyondellBasell Industries Holdings B.V.
·
Momentive
·
FRP Services & Company
·
Reichhold LLC 2
·
Command Chemical Corporation, Inc
·
Changzhou Huarun Composite Materials Co., Ltd.
·
Arkema
·
Swancor Ind. Co., Ltd.
Regional Analysis
The Low
Profile Additives Market has been analyzed with respect to five
regions, namely, Asia-Pacific, North America, Europe, Latin America, and the
Middle East & Africa.
The market in Asia-Pacific
dominated the global low profile additives market in 2017 on account of the
high demand from major end-use industries such as automotive, construction,
electronics, and consumer products in the region.
The North American market is
expected to witness significant growth due to the demand from the construction,
automotive, and military and aerospace industries.
High production and trading of
automotive parts in Western European countries such as Germany, the U.K.,
Italy, and France is expected to drive product demand during the forecast
period.
Access Report @ https://www.marketresearchfuture.com/reports/low-profile-additives-market-6221
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