The global low-profile additives market is expected to increase at a CAGR of 14.1%

A recent report from Fact.MR reveals that the global low profile additives market is expected to increase at a robust CAGR of 14.1% over the forecast period (2022-2032). The value is expected to reach USD 2.24 billion by the end of 2032.

The widespread use of fiber-reinforced polymers in military and aerospace industries is expected to fuel demand for low profile additives in the coming years. As the commercialization of electric vehicles increases, the demand for these compounds will increase, fuelling the global low-profile additive market.

Low-profile additives are used in medicine and healthcare to improve clinical diagnostic equipment and therapies that facilitate recovery and help patients regain an active lifestyle.

Several lightweight composite materials have taken the place of steel elements. Sheet molding compounds are the composite materials most often used in the automotive industry because of their superior mechanical qualities.

To reduce the total weight of the vehicle, the automotive industry is currently seeking lightweight materials. This is mainly due to the increasing necessity of better gas mileage. With proper mechanical qualities and weight reduction, a lower density sheet molding compound (SMC) based on fiberglass and polyester technology can be developed.

As for the low-profile additives market, polyvinyl acetate (PVAc) is popular among other polymers such as polymethyl methacrylate (PMMA) and polystyrene (PS)

Reference:

GlobeNewswire. (2022, June 14). Polyvinyl Acetate a Highly Popular Low Profile Additive Holding Nearly 50% Market Share: Fact.MR Research. Retrieved from https://www.globenewswire.com/news-release/2022/06/14/2462479/0/en/Polyvinyl-Acetate-a-Highly-Popular-Low-Profile-Additive-Holding-Nearly-50-Market-Share-Fact-MR-Research.html