Australia Low Profile Additives Market Size & Outlook
Australia low profile additives market, 2018-2030 (US$M)
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Australia low profile additives market highlights
- The Australia low profile additives market generated a revenue of USD 26.3 million in 2023 and is expected to reach USD 42.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, polyvinyl acetate (pvac) was the largest revenue generating product in 2023.
- Polyvinyl Acetate (PVAc) is the most lucrative product segment registering the fastest growth during the forecast period.
Low profile additives market data book summary
| Market revenue in 2023 | USD 26.3 million |
| Market revenue in 2030 | USD 42.9 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl acetate (pvac) |
| Fastest growing segment | Polyvinyl Acetate (PVAc) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyvinyl Acetate (PVAc), Polymethyl methacrylate (PMMA), Polystyrene, Polyurethane, High Density Polyethylene |
| Key market players worldwide | Wacker Chemie AG, INEOS, Perfect Moment Ltd, Basf SE, Altana AI, Polychem Corporation, LyondellBasell Industries NV Class A, Imax Corp, Synthomer PLC, Advantagewon Oil Corp, NOF Corp |
Other key industry trends
- In terms of revenue, Australia accounted for 3.7% of the global low profile additives market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China low profile additives market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 247.4 million by 2030.
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Low Profile Additives Market Scope
Low Profile Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia low profile additives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to low profile additives market will help companies and investors design strategic landscapes.
Polyvinyl acetate (pvac) was the largest segment with a revenue share of 38.78% in 2023. Horizon Databook has segmented the Australia low profile additives market based on polyvinyl acetate (pvac), polymethyl methacrylate (pmma), polystyrene, polyurethane, high density polyethylene covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in the number of leisure and hospitality buildings in the country is expected to surge investments in Australia in the coming years. This is because the government of the country is making constant efforts to expand its tourism industry.
Moreover, the flourishing consumer goods and manufacturing industries also surge the demand for low profile additives in Australia in the short term. The electrical & electronics industry in the country is anticipated to remain an important and fastgrowing consumer of low profile additives owing to high consumer interest in advanced, miniaturized, and safe gadgets and wearables.
Low profile additives such as PS and PVA are increasingly being utilized in various electronic devices to ensure their high stability and durability. The construction industry is important in Australia. With the rise in infrastructure development projects in the country, the consumption of electricity has significantly increased.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into Australia low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia low profile additives market size, by product, 2018-2030 (US$M)
Australia Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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