Europe Low Profile Additives Market Size & Outlook
Europe low profile additives market, 2018-2030 (US$M)
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Europe low profile additives market highlights
- The Europe low profile additives market generated a revenue of USD 165.3 million in 2023.
- The market is expected to grow at a CAGR of 6.9% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 165.3 million |
| Market revenue in 2030 | USD 263.7 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl acetate (pvac) |
| Fastest growing segment | Polyvinyl Acetate (PVAc) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 23.4% of the global low profile additives market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 647.3 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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Europe 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 38.05% in 2023. Horizon Databook has segmented the Europe 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.
Rising demand for low profile additives owing to growing end-use industries particularly in developed countries such as the UK and Germany is expected to drive the market demand. Favorable developments in the construction sector, positive implications for household income, corporate profits, and low interest rates are anticipated to drive the construction sector, which, in turn, is likely to propel demand for low profile additives over the forecast period.
Growing construction industry in France, Germany, the UK, and Spain are likely to drive the demand for various low profile additives such as polyvinyl acetate, polymethyl methacrylate, polystyrene, and high density polyethylene. European manufacturers are engaged in developing new low profile additives.
For instance, in March 2022, BASF increased its graphitic expandable polystyrene (EPS) granulate offering. The new raw material is extruded and has the same established mechanical qualities and optimized insulating performance as Neopor F 5200 Plus.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe low profile additives market , including forecasts for subscribers. This continent databook contains high-level insights into Europe low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe low profile additives market size, by country, 2018-2030 (US$M)
Europe Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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