The Europe Low Profile Additives Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 34.94 kilo tonnes, showcasing a growth of 3.7% (2019-2022).
One of the key advantages of LPAs is their ability to improve the surface quality of composite parts by reducing fiber print-through and surface defects. This is particularly important in applications where aesthetics is important, such as automotive parts, consumer electronics, and sporting goods.
Additionally, one of the key advantages of LPAs is their ability to improve the surface quality of composite parts by reducing fiber print-through and surface defects. This is particularly important in applications where aesthetics is important, such as automotive parts, consumer electronics, and sporting goods.
According to the International Trade Administration (ITA), Italy's automotive industry exhibited resilience and growth in 2021, witnessing the production of 797,243 vehicles, marking a notable 2.6% increase from the previous year. The production breakdown includes 443,819 cars, 290,021 light commercial vehicles, and 63,403 trucks and buses. Simultaneously, the country experienced a surge in new car registrations, with 1,457,952 units recorded, reflecting a 5.5% rise compared to the preceding year. Therefore, the region will present lucrative growth prospects for the market.
The Germany market dominated the Europe Low Profile Additives Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $41,559.9 Thousands by 2030. The UK market is registering a CAGR of 3.8% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 5.6% during (2023 - 2030).
Free Valuable Insights: The Global Low Profile Additives Market will Hit USD 978.9 Million by 2030, at a CAGR of 5.0%
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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