China Low Profile Additives Market Size & Outlook
China low profile additives market, 2018-2030 (US$M)
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China low profile additives market highlights
- The China low profile additives market generated a revenue of USD 119.9 million in 2023 and is expected to reach USD 247.4 million by 2030.
- The China market is expected to grow at a CAGR of 10.9% 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 119.9 million |
| Market revenue in 2030 | USD 247.4 million |
| Growth rate | 10.9% (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, China accounted for 17.0% 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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China 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 39.7% in 2023. Horizon Databook has segmented the China 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.
China is a significant player in the Asian additives business; the growing plastic industry and the growing usage of low profile additives in the automotive, electronics, and packaging industries have propelled manufacturing capacity in China. The Chinese automotive industry has witnessed rapid growth in the past decade owing to the rising demand for new energy vehicles supported by changing government policies.
The growing middle-class population, coupled with an increase in the number of consumers willing to purchase new cars and pay for after-sales services, has increased the consumption of low profile additives as they help achieve weight reduction and cost-saving in the manufacturing process.
Moreover, the rapid development of the construction industry in the country irrespective of slowdown of other traditional industries is also expected to positively affect the low profile additives market in China. Rise in infrastructure investments, along with the presence of favorable real estate regulations and credit availability in the country, is boosting the construction industry, thus creating demand for low profile additives.
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Our clientele includes a mix of low profile additives market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into China low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China low profile additives market size, by product, 2018-2030 (US$M)
China Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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