Germany Low Profile Additives Market Size & Outlook
Germany low profile additives market, 2018-2030 (US$M)
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Germany low profile additives market highlights
- The Germany low profile additives market generated a revenue of USD 40.7 million in 2023 and is expected to reach USD 72.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.5% 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 40.7 million |
| Market revenue in 2030 | USD 72.2 million |
| Growth rate | 8.5% (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, Germany accounted for 5.8% 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 Europe, Germany low profile additives market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 72.2 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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Germany 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 38.82% in 2023. Horizon Databook has segmented the Germany 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.
Growing automotive industry in the region is expected to drive the demand for SMC & BMC composites over the coming years. Low profile Class A SMC panels are used along with steel or aluminum in a hybrid design while, BMC is mainly used for headlamp reflectors and appliances which requires good cosmetic and high heat performance.
Such factors are likely to drive the demand for low profile additives in SMC & BMC over the forecast period. Factors such as growth in automotive production and increasing demand for EVs are significantly contributing toward a positive trend for the low profile additives market in Europe.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into Germany low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany low profile additives market size, by product, 2018-2030 (US$M)
Germany Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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