India Low Profile Additives Market Size & Outlook
India low profile additives market, 2018-2030 (US$M)
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India low profile additives market highlights
- The India low profile additives market generated a revenue of USD 51.4 million in 2023 and is expected to reach USD 101.2 million by 2030.
- The India market is expected to grow at a CAGR of 10.2% 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 51.4 million |
| Market revenue in 2030 | USD 101.2 million |
| Growth rate | 10.2% (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, India accounted for 7.3% 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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India 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 37.35% in 2023. Horizon Databook has segmented the India 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 low profile additives market in India is anticipated to be largely affected by the expanding automotive industry in the country. The reason behind this growth can be attributed to a rise in the disposable income of the middle class and growing young population. Moreover, the growth in export demand and the government taking constant initiatives to set up manufacturing plants in the country are likely to propel the utilization of low profile additives in India.
The automobile industry in India is growing and the focus of the government and consumers is shifting toward electric vehicles. The rising foreign investments and developments in manufacturing facilities across the automotive industry are expected to create demand for low profile additives market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the India low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into India low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India low profile additives market size, by product, 2018-2030 (US$M)
India Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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