Low Profile Additives Market Racing to a Heightened Growth of USD 1.71 Billion by 2025

2015-06-02

The Global Low Profile Additives (LPA) Market size was valued at US $914.0 Million in 2016 and is estimated to reach US $1.71 Billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for low-shrinkage and surface-finished plastic products is likely to drive the market to expand at a 7.3% CAGR during the forecast period. Demand for low profile additives is anticipated to witness significant growth over the coming years on account of an expanding automotive...

The Global Low Profile Additives (LPA) Market size was valued at US $914.0 Million in 2016 and is estimated to reach US $1.71 Billion by 2025, according to a new report by Grand View Research, Inc.

Growing demand for low-shrinkage and surface-finished plastic products is likely to drive the market to expand at a 7.3% CAGR during the forecast period.

Demand for low profile additives is anticipated to witness significant growth over the coming years on account of an expanding automotive industry in Asia Pacific and North America. Increasing application of polyvinyl acetate (PVA) low profile additives in headlamp reflectors, lighting systems, and under the hood components is likely to drive market growth. On the down side, fluctuation in raw material prices is expected to hinder the growth of the market over the forecast period. Any increase in raw material prices could result in a surge in cost of production, thereby affecting LPA prices.

Get Exclusive PDF Brochure Here: Low Profile Additives Market

Did you enjoy this episode? If so, please leave a short review. Connect with us on Twitter- @GrandViewInc

Comments (3)