South Africa Low Profile Additives Market Size & Outlook
South Africa low profile additives market, 2018-2030 (US$M)
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South Africa low profile additives market highlights
- The South Africa low profile additives market generated a revenue of USD 2.3 million in 2023 and is expected to reach USD 4.1 million by 2030.
- The South Africa 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 2.3 million |
| Market revenue in 2030 | USD 4.1 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, South Africa accounted for 0.3% 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 Middle East & Africa, Saudi Arabia low profile additives market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10.6 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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South Africa 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 34.78% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa is one of the leading countries in terms of automotive production in the Middle East & Africa. The flourishing automotive industry in the country has significantly contributed to its GDP. The regulations laid down by the Department of Trade and Industry of South Africa have further enhanced the production of automobiles in the country. This, in turn, has contributed to the demand for low profile additives in South Africa.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into South Africa low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa low profile additives market size, by product, 2018-2030 (US$M)
South Africa Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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