The Latin America, Middle East and Africa Low Profile Additives Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 30.26 kilo tonnes, showcasing a growth of 6.5% (2023-2030).
LPAs play a crucial role in producing lightweight parts for vehicles, helping reduce weight while maintaining strength and durability. With the automotive industry increasingly focused on electric vehicles (EVs) and autonomous vehicles, the demand for LPAs is expected to grow as these vehicles require lightweight components.
Additionally, another important factor driving the demand for LPAs is the aerospace industry, where lightweight materials are essential for reducing fuel consumption and improving performance. LPAs are used to produce aircraft components such as panels and profiles, where their ability to improve processability and performance is highly valued.
According to the ITA, Brazil’s electronic device industry represented 43.7% of all IT-based revenue in 2023. The Brazilian devices sector generated a sum of US$21.5b in 2023, an increase of 1.1% from 2022. Thus, the rapid urban development, infrastructure growth, and thriving car and consumer electronics sectors in the LAMEA are expected to positively impact the demand for low profile additives, driving market expansion.
The Brazil market dominated the LAMEA Low Profile Additives Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $21,846.5 Thousands by 2030. The Argentina market is showcasing CAGR of 7.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.9% during (2023 - 2030).
Free Valuable Insights: The Worldwide Low Profile Additives Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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