The low profile additives market refers to the industry that produces additives used in the manufacturing of composite materials. These additives, also known as fillers or reinforcements, are added to composite materials to improve their physical properties, such as strength, stiffness, and durability. Low profile additives are specifically designed to enhance the surface finish of composite parts and reduce the amount of shrinkage and warpage that can occur during the curing process. The market for low profile additives is driven by the growing demand for lightweight and high-performance materials in various end-use industries, such as automotive, aerospace, construction, and consumer goods. The use of composite materials in these industries is increasing rapidly due to their superior performance, cost-effectiveness, and environmental benefits.
Low profile additives can be classified into various types based on their chemical composition, such as calcium carbonate, talc, and glass microspheres. The market for low profile additives is highly competitive, with several key players competing for market share. Some of the leading companies in the low profile additives market include BYK Additives & Instruments, BASF SE, AkzoNobel N.V., and PolyOne Corporation.
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Key Segments Covered in Low Profile Additives Industry Research
- Low Profile Additives Market by Type :
- Polyvinyl Acetate
- Polymethyl Methacrylate
- Polystyrene
- Other Types
- Low Profile Additives Market by Application :
- Sheet Molding Compounds (SMC)/Bulk Molding Compounds (BMC)
- Resin Transfer Molding
- Pultrusion
- Other Applications
- Low Profile Additives Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Rapid Deployment of SMC in Electric Vehicles Drives Market Expansion
From 2022 to 2032, the US thin additive market is expected to grow at a CAGR of 15%. With a technology-driven economy, the United States is he one of the world’s largest composites markets.
Advances in SMC formulation and processing have increased the amount of SMC in EV and hybrid vehicle parts in the United States. Expanded volumes of SMC are driving the domestic market for low profile additives forward. Composites and low-profile additives are widely used in US commercial aircraft, fighter jets, helicopters, airliners, planes, and spacecraft.
Key Companies Profiled
- Momentive Specialty Chemicals, Inc.
- Arkema
- Ashland Co., Ltd.
- Mekemco Group
- clay valley
- Swankor Industry Co., Ltd.
- Reichhold Chemicals Inc.
- Command Chemical Co., Ltd.
Competitive Landscape
The majority of market players have sizable manufacturing capacities and extensive global distribution networks. Manufacturers are implementing expansion methods including mergers and acquisitions as well as new product development to strengthen their market position.
For illustration:
2020 will see the delivery of unsaturated polyester materials, gel coatings, and bonding pastes by Gazechim Composites and Polynt-Reichhold Group. This is anticipated to increase demand for low profile additives globally as well as the market share of the Polynt-Reichhold Group in the European region.