The North America Low Profile Additives Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 65.99 kilo tonnes, showcasing a growth of 3.6% (2019-2022).
Styrene maleic anhydride (SMA) is widely used as an LPA to enhance the adhesion between the polymer matrix and reinforcing fibers. SMA reduces fiber print-through and improves the surface finish of thermoplastic composites, making it ideal for applications where aesthetics is important.
Additionally, Maleic anhydride grafted polymers or MA-grafted polymers enhance the mechanical properties of thermoplastic composites, making them more durable and impact-resistant. They are often used in applications requiring high strength and toughness, such as construction materials and sporting goods.
According to the International Trade Administration (ITA), Mexico is the seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. Additionally, the production of EVs and hybrids totaled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021.
The US market dominated the North America Low Profile Additives Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $157,450.5 Thousands by 2030. The Canada market is exhibiting a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 5.5% during (2023 - 2030).
Based on Application, the market is segmented into Shrink & Bulk Molding Compounds (SMC/BMC), Resin Transfer Molding, Pultrusion, and Others. Based on Product, the market is segmented into Polyvinyl Acetate (PVAc), Polymethyl Methacrylate (PMMA), Polystyrene (PS), Polyurethane (PU), and High-density Polyethylene (HDPE). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Styrene maleic anhydride (SMA) is widely used as an LPA to enhance the adhesion between the polymer matrix and reinforcing fibers. SMA reduces fiber print-through and improves the surface finish of thermoplastic composites, making it ideal for applications where aesthetics is important.
Additionally, Maleic anhydride grafted polymers or MA-grafted polymers enhance the mechanical properties of thermoplastic composites, making them more durable and impact-resistant. They are often used in applications requiring high strength and toughness, such as construction materials and sporting goods.
According to the International Trade Administration (ITA), Mexico is the seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. Additionally, the production of EVs and hybrids totaled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021.
The US market dominated the North America Low Profile Additives Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $157,450.5 Thousands by 2030. The Canada market is exhibiting a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 5.5% during (2023 - 2030).
Based on Application, the market is segmented into Shrink & Bulk Molding Compounds (SMC/BMC), Resin Transfer Molding, Pultrusion, and Others. Based on Product, the market is segmented into Polyvinyl Acetate (PVAc), Polymethyl Methacrylate (PMMA), Polystyrene (PS), Polyurethane (PU), and High-density Polyethylene (HDPE). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Wacker Chemie AG
- INEOS Group Holdings S.A.
- BASF SE
- LyondellBasell Industries Holdings B.V.
- Ashland Inc.
- Arkema S.A.
- Evonik Industries AG (RAG-Stiftung)
- Taak Resin Co.
- AOC, LLC
- Synthomer PLC
Market Report Segmentation
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)- Shrink & Bulk Molding Compounds (SMC/BMC)
- Resin Transfer Molding
- Pultrusion
- Others
- Polyvinyl Acetate (PVAc)
- Polymethyl Methacrylate (PMMA)
- Polystyrene (PS)
- Polyurethane (PU)
- High-density Polyethylene (HDPE)
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Low Profile Additives Market by Application
Chapter 5. North America Low Profile Additives Market by Product
Chapter 6. North America Low Profile Additives Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Wacker Chemie AG
- INEOS Group Holdings S.A.
- BASF SE
- LyondellBasell Industries Holdings B.V.
- Ashland Inc.
- Arkema S.A.
- Evonik Industries AG (RAG-Stiftung)
- Taak Resin Co.
- AOC, LLC
- Synthomer PLC
Methodology
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