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Recent times have seen numerous trends in Slip Additives Market which reflect how dynamic industries relying on these critical substances are. They play an important role in reducing friction between various materials like plastic films coatings which enhances their smoothness property.
One key trend within Slip Additives market is towards increased demand for environmentally friendly alternatives that are sustainable too. These days businesses seek out such slip additive types derived from renewable sources or those having negligible environmental impact because they want them not to cause any harm if leaked into ecosystem given much environmental consciousness globally has risen hence the need to reduce our carbon footprints and adopt greener processes in manufacturing across globe.
Research and Development (R&D) activities whose objective is to enhance product efficiency and versatility has been a notable trend in Slip Additives market. This means that manufacturers are putting more money into formulations that can address specific requirements of applications better. An illustration of this is the packaging industry where there is an increasing need for high performance slip additives. Thus, customization aspects as well as targeting of slip additives based on unique demands within different sectors demonstrates a flexible market responding to changing consumer taste and industrial standards.
Additionally, the packaging industry has experienced a significant rise in demand for slip additives due to rapid growth of e-commerce sector. The popularity of online shopping results in increased demand for efficient packing materials. Slip additives facilitate smooth extrusion processes, leading to the production of packaging materials with superior slip properties during film and sheet extrusion. Since e-commerce continues to grow all over the world especially when combined with such development, this trend will continue creating sustainable demand for these chemicals within packaging industry.
The market also sees enhanced attention to regulatory compliance and product safety. Slip additive manufacturers have no choice but to comply with strict quality and safety standards due to strict chemical usage regulations in different industries. This development has compelled firms to invest in research as well as development for not only enhancing performance but also conforming their products to regional and international directives. Regulatory compliance has, thus, come into focus as a strategic investment for the Slip Additives market, implying an appreciation of not only product security but also environmental responsibility.
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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