Japan Low Profile Additives Market Size & Outlook
Japan low profile additives market, 2018-2030 (US$M)
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Japan low profile additives market highlights
- The Japan low profile additives market generated a revenue of USD 42.0 million in 2023 and is expected to reach USD 79.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.5% 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 42.0 million |
| Market revenue in 2030 | USD 79.2 million |
| Growth rate | 9.5% (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, Japan accounted for 5.9% 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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Japan 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 38.57% in 2023. Horizon Databook has segmented the Japan 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 Japanese low profile additives market is expected to be directly affected by the country’s automotive industry, which is one of its economy’s core industrial sectors. With the rapid growth of motorization in China and Southeast Asia, Japanese automakers have been actively building relationships with local manufacturers based on capital tie-ups and the supply of production as well as environment- and safety-related technologies.
Increasing demand for engineered plastics in Japan on account of their usage across various end-use industries, such as automotive, building & construction, and consumer goods, is expected to boost the demand for low profile additives over the forecast period. The manufacturers formulate additives to fulfill the needs of various applications and ensure compliance with regulations.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into Japan low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan low profile additives market size, by product, 2018-2030 (US$M)
Japan Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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