North America Low Profile Additives Market Size & Outlook
North America low profile additives market, 2018-2030 (US$M)
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North America low profile additives market highlights
- The North America low profile additives market generated a revenue of USD 112.5 million in 2023.
- The market is expected to grow at a CAGR of 7.9% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 112.5 million |
| Market revenue in 2030 | USD 191.1 million |
| Growth rate | 7.9% (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, North America region accounted for 15.9% 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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North America 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 37.69% in 2023. Horizon Databook has segmented the North America 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 demand for products with low shrinkage and surface finished from end-use industries coupled with a large number of manufacturers in the region is expected to drive market for low profile additives. Growing demand for sheet molded compounds from the automotive industry on account of its light weight and surface finish is anticipated to drive the demand for low profile additives over the forecast period.
Moreover, growing automotive industry is expected to be a major driving factor behind the market demand. Demand for sheet molded parts has been increasing due to their application in outer shells of passenger vehicles as they are lightweight and easy to produce. Moreover, sheet molding is economically viable.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America low profile additives market , including forecasts for subscribers. This continent databook contains high-level insights into North America low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America low profile additives market size, by country, 2018-2030 (US$M)
North America Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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