Low Profile Additives Market Size Forecast to Reach $814.92 Million by 2025
Posted on Jul 8 2020 3:44 PM "Increase in Demand for SMC Formulations From Automotive Industry Driving the Growth of Low Profile Additives Market." Low Profile Additives Market size is forecast to reach $814.92 million by 2025, after growing at a CAGR of 13% during 2020-2025. The growth of low profile additives is attributed because of its excellent physical and chemical properties which makes them perfect to use in the automotive industry. Emerging Applications of low profile additives in fiber-reinforced plastics will drive the growth of the market in forecast period. By Product Type- Segment Analysis Polyvinyl Acetate based low profile additives segment held the largest share in the low profile additives market in 2019. The Polyvinyl Acetate has extraordinary solubility characteristics during the curing phase of unsaturated polyesters, excellent shrinkage prevention in end products, and easy availability. The Polyvinyl Acetate based low profile additives is extensi...