GVR Report cover Low Profile Additives Market Size, Share & Trends Report

Low Profile Additives Market Size, Share & Trends Analysis Report By Product (PVA, PMMA, PS, HDPE), By Application (SMC/BMC, Pultrusion, Resin Transfer Molding), And Segment Forecasts, 2019 - 2025

  • Report ID: 978-1-68038-240-2
  • Number of Pages: 115
  • Format: Electronic (PDF)

Industry Insights

The global low profile additives market size was valued at USD 1.04 billion in 2018 and is expected to register a CAGR of 7.4% over the forecast period. Growing automotive and construction industry is potentially driving the demand for Low Profile Additives (LPA). Moreover, surging demand for SMC/BMC pultruded plastics and RTM products in automobiles, construction, and infrastructural activities are likely to boost the demand.

LPAs are mixed with unsaturated polyester resin to prevent shrinkage during polymerization. Unsaturated polyester resins and vinyl resins include polyester, polymethyl methacrylate, polyurethanes, polyesters, polyvinyl acetate, polyglycols, and their various copolymers, used in the production of these additives.

U.S. low profile additives market

Growing construction industry across the globe is likely to drive the demand for low profile additives in the forthcoming years. LPAs in pultrusion offer dimensional stability, electrical insulation, and corrosion resistance to the product. Such benefits are anticipated to propel the product demand. Asia Pacific is expected to witness an increase in construction spending over the forecast period on account of rapid urbanization, along with growing population.

Overall, the market for capital projects and infrastructure in Asia Pacific is projected to grow by 7.0% to 8.0% a year over the next decade, approaching USD 5,300.00 billion by 2025, which represents nearly 60.0% of the global market. China's sustained demand for industrial, residential, and infrastructural expansion has generated a requirement for new construction projects. Strong economic growth, coupled with the removal of barriers for foreign investment in India, is expected to spur construction demand over the next few years. Vietnam and Philippines are also becoming increasingly attractive markets owing to rising population, rapid urbanization, and strong economic growth.

South Korea is expected to witness high growth in construction industry owing to private and public investments in commercial, industrial, and infrastructure projects. Furthermore, Malaysia is expected to witness strong growth in infrastructure with the implementation of projects under the government's economic transformation program. Thus, all the above-mentioned factors together are likely to drive growth of the construction sector, which, in turn, is expected to propel demand for low profile additives.

Product Insights

Polyvinyl Acetate (PVA) was the dominant product segment in the low profile additives market in 2018. Advantageous properties such as improved surface finish and almost low shrinkage are anticipated to increase its application in various compounding techniques. Polymethyl Methacrylate (PMMA) has exhibited significant growth during the forecast period. Growing demand from the automotive industry-where high-quality surface finish is required-is expected to drive the market. Moreover, growing construction industry in the emerging economies is anticipated to propel demand for LPAs over the forecast period.

Polystyrene (PS) is generally used for hard and brittle applications. The segment is likely to witness high demand over the forecast period due to low cost of the product. Growing demand from the construction industry and Sheet Molding Compounds (SMC) and Bulk Molding Compounds (BMC) applications are expected to drive this segment. High-density Polyethylene (HDPE) has good processing ability and mechanical properties, which, in turn, is likely to increase its application in compounding processes. Rising demand for desired quality and shaped products is expected to drive the demand for HDPE LPA over the forecast period.

Application Insights

The application of LPA is gaining widespread acknowledgment as it helps in reducing weight and increasing fuel efficiency. LPA is a necessary ingredient in resin mixture during SMC/BMC processes as it helps in improving surface smoothness and controlling shrinkage resulting from molding the finished part. The use of fiber reinforced unsaturated polymer resin composites in the form of SMC as well as BMC preforms is expected to register the fastest growth in Asia Pacific due to rising demand from countries, such as China, Japan, and India. The growth of the automotive industry in the region is likely to have a positive impact on the growth of the SMC/BMC segment as these are increasingly used in automotive body panels, truck components, and semi-structural parts.

Global low profile additives market

Resin Transfer Molding (RTM) is one of the few low temperatures and pressure molding techniques currently available in the market. It is gaining widespread attention owing to its low cost and convenient operating. The resin transfer molding process is expected to gain traction in the forthcoming years, particularly to eliminate voids and enhance fiber/resin wet-out.

Regional Insights

Asia Pacific was the dominant regional segment occupying over 57.3% market share in terms of revenue in 2018, followed by North America and Europe. The region is projected to account for a significant market share over the forecast period on account of increasing demand for SMC and BMC composite solutions. This is attributed to their excellent features, such as high strength and stiffness, lower weight, low emission, superior electrical performance, and high thermal resistance.

The steady growth of construction industry owing to growing urbanization and increase in renovation activities are expected to boost the demand for plastics in roofing in Asia Pacific. China, India, and Japan are the major producers of construction plastics. Increasing governmental support in the form of tax benefits and financial incentives in the Chinese and Indian petrochemicals industry to increase the flow of FDI is also expected to contribute to the regional growth.

In 2018, the U.S. led the market in North America. Demand for sheet-molded parts is witnessing an increase due to their application in outer shells of passenger vehicles and advantageous properties, such as lightweight and ease of production. Moreover, presence of a large number of manufacturers and raw material suppliers in the region is expected to significantly drive the regional product demand over the forecast period.

Low Profile Additives Market Share Insights

The market is characterized by the presence of various well-established players, such as Arkema Group, PolyOne Corporation, Reichhold, LyondellBasell Industries Holdings B.V., and Wacker Chemie AG. Manufacturers have been involved in new product development and expansion strategies to sustain rising competition. For instance, Wacker Chemie AG developed an LPA to be used in processes at room temperature.

Mergers and acquisitions is another key strategy adopted by manufacturers in an attempt to strengthen their market position. Companies are looking to expand their existing manufacturing facilities to increase their annual production capacities. Furthermore, companies are trying to cater to a wider spectrum of applications, such as renewable energy, construction, healthcare, and automotive without affecting the environment.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Kilotons, Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, U.K., France, China, India, Japan, South Korea, SEA, and Brazil

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization

Segments Covered in the Report:

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global low profile additives market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Polyvinyl Acetate (PVA)

    • Polymethyl Methacrylate (PMMA)

    • Polystyrene (PS)

    • High-density Polyethylene (HDPE)

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Sheet & Bulk Molding Compounds

    • Pultrusion

    • Resin Transfer Molding

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • The U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • South East Asia

    • Central & South America

      • Brazil

    • Middle East & Africa

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