Global Slip Additives Market Size By Carrier Resin, By Type, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Slip Additives Market size was valued at USD 310.03 Million in 2023 and is projected to reach USD 534.79 Million by 2030,growing at a CAGR of 6.63% from 2024 to 2030.
Global Slip Additives Market Drivers
The market drivers for the Slip Additives Market can be influenced by various factors. These may include
Growing Need in the packing Sector Because slip additives are used to enhance the slip characteristics of packing materials including films and coatings, the packaging sector is a significant user of these compounds. Demand for slip additives is rising along with packaged goods, particularly in the food and beverage industry.
Growing Need for Plastics To enhance the processing and handling qualities of plastics, slip additives are frequently employed in the plastics industry. The market for slip additives is anticipated to increase in tandem with the growing need for plastics across a range of industries, including consumer products, construction, and automotive.
Regulatory Requirements The need for slip additives that are both compliant with laws and ecologically friendly is being driven by the increased emphasis on sustainability and environmental regulations. As a result, bio-based slip additives were created and are becoming more and more well-liked on the market.
Technological Developments As a result of technological advancements, slip additives have become more effective and efficient, exhibiting enhanced performance and material compatibility. Slip additives’ broader range of applications has resulted in increased market growth.
Growing Emphasis on Quality and Performance Businesses in the packaging, automotive, and consumer goods sectors are putting more and more effort into enhancing the quality and functionality of their products. The market need for slip additives is fueled by their capacity to help achieve desirable qualities like greater processability, decreased friction, and increased surface finish.
Global Slip Additives Market Restraints
Several factors can act as restraints or challenges for the Slip Additives Market. These may include
Environmental problems Because slip additives are not biodegradable and have the potential to pollute the environment, there may be environmental problems, especially with regard to those originating from petroleum-based sources.
Regulatory Compliance Strict rules and guidelines controlling the use of additives in different industries apply to the market. For producers, adhering to these rules can be expensive and time-consuming.
Health and Safety issues Some slip additives, especially those that include hazardous compounds, may pose health and safety issues. These concerns have been raised. This may result in tighter oversight and limitations on their use.
Price volatility for raw materials The market is affected by price volatility for raw materials, particularly for additives derived from petroleum. Price fluctuations may have an effect on manufacturers’ profitability and total cost of production.
Availability of Alternatives One obstacle facing the business is the availability of substitute additives, such as natural or bio-based slide agents. The perception of these substitutes as being more sustainable and kind to the environment may cause consumers to choose them over more conventional slip additives.
Technological Difficulties It can be difficult to develop effective and efficient slip additives that satisfy the performance standards of different industries. This may hinder the market’s ability to innovate and accept new items.
Competitive Market Environment There are many competitors fighting for market share, making the market extremely competitive. Strong rivalry can cause margin pressure and pricing wars, which can hinder market expansion as a whole.
Global Slip Additives Market Segmentation Analysis
The Global Slip Additives Market is Segmented on the basis of Carrier Resin, Type, Application, And Geography.
Slip Additives Market, By Type
Fatty Amides These are among the most common slip additives used in various applications.
Waxes & Polysiloxanes Including waxes, metallic stearates, and silicone-based additives.
Others Such as erucamide, oleamide, and behenamide.
Slip Additives Market, By Carrier Resin
Polyethylene (PE) Slip additives are commonly used in PE films to reduce friction.
Polypropylene (PP) PP films often use slip additives to improve handling and processing.
Slip Additives Market, By Application
Packaging Including food packaging, industrial packaging, and others.
Non-Packaging Such as agricultural films, automotive, and others.
Slip Additives Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the SLIP ADDITIVES MARKET in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Slip Additives Market are
Lonza Group
Evonik Industries AG
Honeywell International Inc.
Emery Oleochemicals Group
BYK Additives & Instruments
BASF SE
Lubrizol Corporation
Fine Organics Industries
Croda International PLC
PMC Biogenix Inc.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Lonza Group, Evonik Industries AG, Honeywell International Inc., Emery Oleochemicals Group, BYK Additives & Instruments, BASF SE, Lubrizol Corporation, Fine Organics Industries, Croda International PLC, PMC Biogenix Inc.
SEGMENTS COVERED
By Carrier Resin, By Type, By Application, And By Geography.
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