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Several factors affect the dynamics of Slip Additives Market. Increased demand for these products by end-use industries such as packaging, automotive and food processing is one of the main drivers. This goes hand in hand with increased growth in these industries which calls for greater investment in slip additives. Slip additives modify surface properties of materials; they minimize friction and make them more slippery. For example, smooth packages are easier to process and handle materials effectively when compared to rough ones. In addition, the automotive industry utilizes slip additives to assist performance enhancements in interiors and ease the manufacture of parts.
The market size for Slip Additives was $0.2 billion as at 2022.The Slip Additives market industry is projected to grow from USD0.21 Billion in 2023 to USD 0.310265643 billion by 2032, exhibitinga compound annual growth rate (CAGR) of 5.00%
Another significant factor impacting the Slip Additives Market is the growing awareness and emphasis on sustainable practices. Sustainable development concerns have led to an increasing demand for environmentally friendly materials across a range of industries.Slip additives play a crucial role in improving the processing characteristics of these kinds of green material making them suitable for applications. To make bio-based or recycled plastics more attractive manufacturers have started introducing slip additives to improve slip + anti-block properties thus aligning with global pursuit towards a more sustainable circular economy.
Also, regulatory landscape has a big influence on Slip Additives market.Government regulations that exist concerning food safety, emissions and packaging wield substantial impact on what types of additive slips will be employed.For instance, there are very strict rules governing those additives used on food packages because they must ensure that consumer goods packed within them comply with necessary health standards.In addition there exists laws concerning car emission limits or otherwise allowed substances used here.Manufacturers have always had to familiarize themselves with such norms while modifying their product formulations so that they remain compliant, which ultimately influences the entire market.
The market dynamics of slip additives are also influenced by changing consumer preferences and lifestyle.Consumer awareness towards quality and performance of products is increasing, leading to manufacturers incorporating advanced additives in their products.Slip additives significantly improve aesthetics and functionality of consumer goods; therefore, consumers demand more personalized slip additives as people start looking for things that are more innovative and of higher quality.
Furthermore, the global economic scenario significantly shapes the Slip Additives Market. Economic fluctuations, trade policies and currency exchange rates determine production patterns around the world. For example during economic downturns manufacturing activities may slow down causing a temporary dip in the demand for slip additives. On the other hand, when economies expand along with increased business activity it usually leads to a rise in demand for such chemicals due to greater number of manufactured items.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 4.36% (2024-2032) |
Slip Additives Market Highlights:
Global Slip Additives Market Overview
The Slip Additives Market Size was valued at USD 0.21 billion in 2023. The Slip Additives industry is projected to grow from USD 0.22 Billion in 2024 to USD 0.31 billion by 2032, exhibitinga compound annual growth rate (CAGR) of 4.36% during the forecast period (2024 - 2032). Increased awareness of eco-friendly plastic additives and high-quality and high-performance safe plastic packagingare the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Slip Additives Market Trends
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The increase in demand from the marine industry is driving market growth.
Slip additives are used to reduce the friction between a ship's hull and the water, which can help to improve fuel efficiency and reduce emissions.Slip additives are used to reduce the friction between a propeller and the water, which can also help to improve fuel efficiency and reduce emissions.Slip additives are used to reduce the friction between the fender systems and the dock, which can help to protect the dock and the fender system.The marine industry is under increasing pressure to improve fuel efficiency. Slip additives can help to reduce fuel consumption by reducing the friction between the hull and propeller. Furthermore, the marine industry is under increasing pressure to reduce emissions. Slip additives can help to reduce emissions by reducing fuel consumption.
Additionally, increase in demand from the marine industry, a rise in the number of applications in industrial flow, a surge in product demand owing to the need for eco-friendly goods, as well as Increase in people's disposable money, a rise in the population, rapid industrialization and globalization, and surge in levels of investment for the construction sector's growth are some of the major and vital factors that boost the growth of the anti-slip additives market. On the other hand, the rise in strategic expansion activities by manufacturing businesses and increased demand from the paints and coatings industry further contribute to the growth of the anti-slip additives market by offering significant potential. In the coming years, an increase in several rigorous environmental regulations and a surge in the tendency to use wooden flooring instead of tiles are expected to function as market restraints for the expansion of anti-slip additives. Furthermore, the rising demand for plastic films for medical applications has positively anticipated propelling the growth of the slip additives market. Thus, driving the Slip Additives market revenue.
Rust-Oleum Corporation introduced Rust-Oleum SafeStep as an anti-slip additive in 2020. It’s an additive that can be mixed with any paint or coating and works well when applied on traffic surfaces like stairs, ramps, walkways etc.
The Arkema Group introduced Coatex RHEOTECH™4800 as a new anti-slip additive in 2020. The additive is designed to improve the slip resistance of water-based coatings and is suitable for use in various industries such as construction, Flooring and transportation.
Slip Additives Market Segment Insights
Slip Additives Type Insights
Based on type, the Slip Additives market segmentation includes Fatty Amides Waxes and Polysiloxanes. The fatty amides waxes category is the dominant category. The factors that can be attributed to the outstanding performance and reduction in friction provided by fatty amides-based slip additives, are driving the demand for this segment.
Slip Additives Carrier Resin Insights
Based on carrier resin, the Slip Additives market segmentation includes LDPE, LLDPE, and HDPE. The LLDPE dominated the market; LLDPE is broadly used in the packaging application owing to more flexibility, tensile strength, and longer conformability.
Slip Additives Carrier Resin Insights
The Slip Additives market segmentation, based on Application, includes Packaging, Non-Packaging. Packaging dominates the market; the factors attributed to the increasing demand for food & beverage packaging and increasing demand for polyolefin plastic packaging films are fueling the demand for this segment.
Figure1: Slip Additives Market, by Application, 2022&2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Slip Additives Regional Insights
By Region, the study providesmarket insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific Slip Additives Marketarea will dominate this market, owing to the rapid industrialization in emerging economies and the growing middle-class population, and the increasing consumption of packed goods will boost the market in the Region.Moreover, China’s Slip Additives market held the largest market share, and the Indian Slip Additives market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: SLIP ADDITIVES MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Slip Additives market accounts for the second-largest market share due to the presence of a few major players in this Region. The established packaging industry is another factor for the growth. Further, the GermanSlip Additives marketheld the largest market share, and the UK Slip Additives market was the fastest-growing market in the European Region
The North American Slip Additives marketis expected to grow at the fastest CAGR from 2023 to 2032. This is due todue to the widespread use of packaging in food & beverage, healthcare, and other industrial applications.
Slip Additives Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Slip Additives market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Slip Additives industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Slip Additives industry to benefit clients and increase the market sector. In recent years, the Slip Additives industry has offered some of the most significant advantages to medicine. Major players in the Slip Additives market, includingFine Organics (India), Croda International PLC (UK), PMC Group Inc. (US), the Lubrizol Corporation (US), Afron (US), BASF SE (Germany), Emery Oleochemicals (Malaysia), Honeywell International Inc. (US), Evonik Industries AG (Germany), Altana (Germany), and Lonza (Switzerland)., and others, are attempting to increase market demand by investing in research and development operations.
Croda International plc is a British specialty Chemicals Company based in Snaith, England. It is listed on the London Stock Exchange. Croda International announced the acquisition of the assets of Slipstream Technologies, a UK-based supplier of slip additives. The acquisition will strengthen Croda International's position in the slip additives market, and it is expected to help the company to meet the growing demand for slip additives in a variety of applications.
Eastman Chemical Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, today it is an independent specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. Eastman Chemical launched its new line of high-performance slip additives for use in the automotive industry. The additives are designed to meet the demanding requirements of the automotive industry, such as high-temperature resistance and low wear.
Key Companies in the Slip Additives market include.
- Fine Organics
- Croda International PLC
- PMC Group Inc.
- Lubrizol Corporation
- Afron
- BASF SE
- Emery Oleochemicals
- Honeywell International Inc.
- Evonik Industries AG
- Altana
- Lonza
Slip Additives Industry Developments
In March 2024 BYK, a leading provider of coating and plastic additives, launched their new dispersing agent, DISPERBYK®-2155. This innovation allows for the uniform distribution of larger anti-slippage particles within coatings, thus improving overall performance and look.
Arkema announced its strategic collaboration with a leading company that produces recycled plastic materials in February 2024. This cooperation aims to develop cost-effective and environmentally friendly anti-slip additives that will be suitable for use in recycled plastics applications.
Evonik, a specialty chemicals firm, in April 2023 announced the introduction of AEROSIL®, R 972, based on silicon dioxide as an additive with slip-prevention properties. It is specifically made for paints and coatings to provide excellent slip resistance while maintaining clear transparency.
In July 2022, Cargill acquired Polymer Additives product line of Croda and Performance Technologies Division. When it does so, Cargill will change its name from Crodamide brand to Optislip for slip/anti-blocking additives.
PPG Industries Inc., in 2021, premiered its state-of-the-art PPG SEMCO™285-BT anti-skid mixture. This additive improves the slip resistance in wet or oily conditions of epoxy, Polyurethane and Polyester coatings used in industries such as marine transport, aerospace etc.
Slip Additives Market Segmentation
Slip Additives Type Outlook
- Fatty Amides and Waxes
- Polysiloxanes
Slip Additives Carrier Resin Outlook
- LDPE
- LLDPE
- HDPE
Slip Additives Application Outlook
- Packaging
- Non-Packaging
Slip Additives Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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