Malaysia Low Profile Additives Market Size & Outlook
Malaysia low profile additives market, 2018-2030 (US$M)
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Malaysia low profile additives market highlights
- The Malaysia low profile additives market generated a revenue of USD 31.5 million in 2023 and is expected to reach USD 54.4 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 8.1% 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 31.5 million |
| Market revenue in 2030 | USD 54.4 million |
| Growth rate | 8.1% (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, Malaysia accounted for 4.5% 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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Malaysia 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 40.63% in 2023. Horizon Databook has segmented the Malaysia 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 growing automotive industry in Malaysia and Indonesia is anticipated to propel the demand for low profile additives in Asia Pacific in the coming years. These additives are divided into two categories, which are Class A finish low profile additives and non-Class A finish low profile additives.
Class A finish low profile additives are used in the automotive industry for developing body panels as they reduce shrinkage of the product. Moreover, low profile additives provide high-quality surface finishes.The automotive industry in Malaysia is an important part of its manufacturing sector.
There are approximately 27 assembling and manufacturing plants in the country that produce composite-body sports cars, scooters, motorcycles, and commercial vehicles. Moreover, Malaysia has more than 690 automotive part manufacturers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia low profile additives market size, by product, 2018-2030 (US$M)
Malaysia Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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