Market Overview:
The global low profile additive (LPA) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for lightweight and high-performance materials in automotive and aerospace applications. In addition, the growing demand for LPA in composites manufacturing is also contributing to the growth of the market. Based on type, the polystyrene-based segment is expected to lead the global low profile additive (LPA) market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030. Polystyrene-based LPAs are widely used in injection molding and compression molding applications owing to their excellent thermal stability and dimensional stability properties. Based on application, injection and compression molding accounted for majority share of 49% in 2017, followed by pultrusion with a share of 21%.
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Product Definition:
Low Profile Additive (LPA) is a material which is used to improve the surface finish of parts and to reduce the amount of post-machining operations required. It also helps in reducing the build-up of heat during machining.
Polystyrene-based:
Polystyrene is a widely used LPA material in the industry. It offers several benefits over other materials such as high strength, impact resistance, and low cost. Polystyrene is also recyclable which makes it an ideal choice for sustainable products.
The global polystyrene market size was valued at USD 13 billion in 2015.
Polyvinyl Acetate-based:
Polyvinyl Acetate (PVA) based low profile additive is a type of plastic which is widely used in the manufacturing of films and coatings. It offers several advantages over other plastics such as high flexibility, toughness, dimensional stability at low temperatures, chemical resistance and good electrical properties. PVA based LPA has been gaining importance on account of its excellent performance in UV light as well as heat resistant applications along with lower emissions during production processes.
Application Insights:
Injection molding dominated the global low profile additive market in terms of revenue share in 2017. The segment is expected to continue its dominance over the forecast period owing to increasing demand for injection-molded products from various industries, such as automotive, packaging and consumer goods. Injection molding is also one of the most economical manufacturing processes compared to other methods such as transfer molding or compression molding.
The resin transfer Mold (RTM) segment is projected to grow at a CAGR of XX% from 2018 to 2030 due mainlyto growing demand for molded decorative products used on interior decoration and architectural projects worldwide. RTM process offers several advantages including improved design flexibility, lower cost per unit volume and weight reduction compared with hand lay-up techniques which are increasingly being utilized by designers & architects across the globe especially in developing countries like India & China where labor rates are relatively less expensive than other developed countries like U.S., Germany etcetera).
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue and is expected to grow at a CAGR of XX% from 2018 to 2030. The region is characterized by the presence of key players such as Nippon Paint Holdings Co., Ltd.; BASF SE; and Bayer AG, among others. These companies are focusing on capacity expansion through mergers and acquisitions, especially in China, India, Japan, South Korea and Thailand due to low labor costs coupled with easy access to land for manufacturing facilities.
The growing automotive industry across Asia Pacific has led major manufacturers including Toyota Industries Corporation; Honda Motor Co., Ltd.; Nissan Motors Corporation; Suzuki Motor Corp.; Isuzu Motors Ltd.; Mitsubishi Electric Factory Automobile (MEFA) Group; Hyundai Mobis Limited (Hyundai); KIA Motors Korea Company (KIMSCO); Dongfeng Motor Corporation Commercial Vehicle Department(DMCV Dooqqle); Changan Automobile Group Co.
Growth Factors:
- Increasing demand for low profile additives in end-use industries such as automotive, construction, and packaging to improve the performance of products.
- Growing awareness about the benefits of using low profile additives in various applications is expected to boost the market growth.
- Rising demand for lightweight and fuel-efficient vehicles is anticipated to propel the growth of Low Profile Additive (LPA) market over the forecast period.
- Technological advancements in manufacturing processes are projected to create new opportunities for LPA market players during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Profile Additive (LPA) Market Research Report
By Type
Polystyrene-based, Polyvinyl Acetate-based, PMMA-based, High-density Polyethylene (HDPE), Polyester-based
By Application
Injection and Compression Molding, Pultrusion, Resin Transfer Molding (RTM), Hand Lay-up, Spray-up
By Companies
Aliancys AG, ALTANA, AOC LLC, Arkema Group, Ashland, Link Composites Pvt Ltd, Lucite International (Mitsubishi Chemical), Mechemco, Monachem, Poliya Composite Resins and Polymers Inc., Aliancys AG, Reichhold, Swancor, Synthomer PLC, Wacker Chemie AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Low Profile Additive (LPA) Market Report Segments:
The global Low Profile Additive (LPA) market is segmented on the basis of:
Types
Polystyrene-based, Polyvinyl Acetate-based, PMMA-based, High-density Polyethylene (HDPE), Polyester-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Injection and Compression Molding, Pultrusion, Resin Transfer Molding (RTM), Hand Lay-up, Spray-up
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aliancys AG
- ALTANA
- AOC LLC
- Arkema Group
- Ashland
- Link Composites Pvt Ltd
- Lucite International (Mitsubishi Chemical)
- Mechemco
- Monachem
- Poliya Composite Resins and Polymers Inc.
- Aliancys AG
- Reichhold
- Swancor
- Synthomer PLC
- Wacker Chemie AG
 Market Overview.svg)
Highlights of The Low Profile Additive (LPA) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polystyrene-based
- Polyvinyl Acetate-based
- PMMA-based
- High-density Polyethylene (HDPE)
- Polyester-based
- By Application:
- Injection and Compression Molding
- Pultrusion
- Resin Transfer Molding (RTM)
- Hand Lay-up
- Spray-up
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Profile Additive (LPA) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low profile additive (LPA) is a type of plastic that has been designed to reduce the overall height and width of a product. This can make it easier to pack and ship, as well as fit into smaller spaces.
Some of the major players in the low profile additive (lpa) market are Aliancys AG, ALTANA, AOC LLC, Arkema Group, Ashland, Link Composites Pvt Ltd, Lucite International (Mitsubishi Chemical), Mechemco, Monachem, Poliya Composite Resins and Polymers Inc., Aliancys AG, Reichhold, Swancor, Synthomer PLC, Wacker Chemie AG.
The low profile additive (lpa) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Profile Additive (LPA) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Profile Additive (LPA) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Profile Additive (LPA) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Profile Additive (LPA) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Profile Additive (LPA) Market Size & Forecast, 2018-2028
4.5.1 Low Profile Additive (LPA) Market Size and Y-o-Y Growth
4.5.2 Low Profile Additive (LPA) Market Absolute $ Opportunity
Chapter 5 Global Low Profile Additive (LPA) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low Profile Additive (LPA) Market Size Forecast by Type
5.2.1 Polystyrene-based
5.2.2 Polyvinyl Acetate-based
5.2.3 PMMA-based
5.2.4 High-density Polyethylene (HDPE)
5.2.5 Polyester-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Profile Additive (LPA) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low Profile Additive (LPA) Market Size Forecast by Applications
6.2.1 Injection and Compression Molding
6.2.2 Pultrusion
6.2.3 Resin Transfer Molding (RTM)
6.2.4 Hand Lay-up
6.2.5 Spray-up
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Profile Additive (LPA) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Profile Additive (LPA) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low Profile Additive (LPA) Analysis and Forecast
9.1 Introduction
9.2 North America Low Profile Additive (LPA) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low Profile Additive (LPA) Market Size Forecast by Type
9.6.1 Polystyrene-based
9.6.2 Polyvinyl Acetate-based
9.6.3 PMMA-based
9.6.4 High-density Polyethylene (HDPE)
9.6.5 Polyester-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low Profile Additive (LPA) Market Size Forecast by Applications
9.10.1 Injection and Compression Molding
9.10.2 Pultrusion
9.10.3 Resin Transfer Molding (RTM)
9.10.4 Hand Lay-up
9.10.5 Spray-up
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low Profile Additive (LPA) Analysis and Forecast
10.1 Introduction
10.2 Europe Low Profile Additive (LPA) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low Profile Additive (LPA) Market Size Forecast by Type
10.6.1 Polystyrene-based
10.6.2 Polyvinyl Acetate-based
10.6.3 PMMA-based
10.6.4 High-density Polyethylene (HDPE)
10.6.5 Polyester-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low Profile Additive (LPA) Market Size Forecast by Applications
10.10.1 Injection and Compression Molding
10.10.2 Pultrusion
10.10.3 Resin Transfer Molding (RTM)
10.10.4 Hand Lay-up
10.10.5 Spray-up
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low Profile Additive (LPA) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Profile Additive (LPA) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low Profile Additive (LPA) Market Size Forecast by Type
11.6.1 Polystyrene-based
11.6.2 Polyvinyl Acetate-based
11.6.3 PMMA-based
11.6.4 High-density Polyethylene (HDPE)
11.6.5 Polyester-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low Profile Additive (LPA) Market Size Forecast by Applications
11.10.1 Injection and Compression Molding
11.10.2 Pultrusion
11.10.3 Resin Transfer Molding (RTM)
11.10.4 Hand Lay-up
11.10.5 Spray-up
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low Profile Additive (LPA) Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Profile Additive (LPA) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low Profile Additive (LPA) Market Size Forecast by Type
12.6.1 Polystyrene-based
12.6.2 Polyvinyl Acetate-based
12.6.3 PMMA-based
12.6.4 High-density Polyethylene (HDPE)
12.6.5 Polyester-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low Profile Additive (LPA) Market Size Forecast by Applications
12.10.1 Injection and Compression Molding
12.10.2 Pultrusion
12.10.3 Resin Transfer Molding (RTM)
12.10.4 Hand Lay-up
12.10.5 Spray-up
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low Profile Additive (LPA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Profile Additive (LPA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low Profile Additive (LPA) Market Size Forecast by Type
13.6.1 Polystyrene-based
13.6.2 Polyvinyl Acetate-based
13.6.3 PMMA-based
13.6.4 High-density Polyethylene (HDPE)
13.6.5 Polyester-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low Profile Additive (LPA) Market Size Forecast by Applications
13.10.1 Injection and Compression Molding
13.10.2 Pultrusion
13.10.3 Resin Transfer Molding (RTM)
13.10.4 Hand Lay-up
13.10.5 Spray-up
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Profile Additive (LPA) Market: Competitive Dashboard
14.2 Global Low Profile Additive (LPA) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aliancys AG
14.3.2 ALTANA
14.3.3 AOC LLC
14.3.4 Arkema Group
14.3.5 Ashland
14.3.6 Link Composites Pvt Ltd
14.3.7 Lucite International (Mitsubishi Chemical)
14.3.8 Mechemco
14.3.9 Monachem
14.3.10 Poliya Composite Resins and Polymers Inc.
14.3.11 Aliancys AG
14.3.12 Reichhold
14.3.13 Swancor
14.3.14 Synthomer PLC
14.3.15 Wacker Chemie AG
