Analyze For Low Profile Additives Industry Size, Current Trends, Growth and Industry Forecast 2019-2025
The global low profile additives market size is expected to reach USD 1.71 billion by 2025, expanding at a CAGR of 7.4% over the forecast period, according to a new report by Radiant Insights, Inc. Growing demand for low shrinkage and surface finished plastic products is likely to drive the demand for Low Profile Additives (LPA). Demand for low profile additives is anticipated to witness significant growth in the forthcoming years on account of 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 growth of the low profile additives market. On the down side, fluctuation in raw material prices is expected to hinder the growth over the forecast period. An increase in raw material prices could result in a surge in cost of production, thereby affecting LPA prices. Download Free Sample Report @ https://www.radianti...