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Low Profile Additives (LPA) Market - Changing Supply And Demand Scenarios By 2025

Growing demand for low-shrinkage and surface-finished plastic products is likely to drive the market to expand at a 7.3% CAGR during the forecast period. The Global Low Profile Additives (LPA) Market size is estimated to reach USD 1.71 billion by 2025, according to a new report by Grand View Research, Inc.

Demand for low profile additives is anticipated to witness significant growth over the coming years on account of an expanding automotive industry in Asia Pacific and North America.Increasing application of polyvinyl acetate (PVA) low profile additives in headlamp reflectors, lighting systems, and under the hood components is likely to drive market growth. On the down side, fluctuation in raw material prices is expected to hinder the growth of the market over the forecast period. Any increase in raw material prices could result in a surge in cost of production, thereby affecting LPA prices.

Most companies actively participating in the market have extensive production capacities and vast distribution channels across the globe. Manufacturers are involved in new product developments and expansion strategies such as mergers and acquisitions to strengthen their position.

Asia Pacific is expected to record a CAGR of 6.7%, in terms of volume, from 2017 to 2025. The rising middle class is likely to continue to drive the automotive sector, with new purchases and replacement of vehicles growing rapidly.

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The Japan LPA market is expected to be directly impacted by the automotive industry, given that it is one of the core industrial sectors in the economy. Demand for LPA in Japan is predicted to witness considerable growth over the coming years.

Market Segmentation of Low Profile Additives (LPA) Market:

The Global Low Profile Additives Market segmented on the basis of Product, Application, and Region.

By Product:

Polyvinyl acetate
Polymethyl methacrylate
Polystyrene
High-density polyethylene

By Application:

Sheet & bulk molding compounds
Pultrusion
Resin Transfer Molding

By Region:

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

Inquire about Low Profile Additives Market with Our Experts @ https://www.grandviewresearch.com/inquiry/629/ibb 
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