Market Analysis
The global slip additives market is likely to grow at a notable CAGR between 2020-2027, as per the recent Market Research Future (MRFR) report. Slip additives, simply put, are fatty amides that are widely used for maintaining the nature of substrates. Owing to its alluring features such as toughness, relative transparency, and flexibility, slip additives have wide applications in various non-packaging and packaging segments, including automotive applications, electrical appliances, consumer goods, food and beverages, to name a few.
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Numerous factors are adding to the global slip additives market growth. These factors, according to the recent Market Research Future report, include growing demand from consumer goods packaging and food & beverage sector, demand for bio-based additives, and innovations in the packaging industry.
On the contrary, safety norms in specific end use industries, changing health and environmental regulations, and fluctuations in the prices of feedstock are factors that may limit the global slip additives market growth during the forecast period.
Market Segmentation
The Market Research Future report provides an all-inclusive segmental analysis of the global slip additives market based on application, carrier resin, and type.
By type, the global slip additives market is segmented into polysiloxanes, waxes, and fatty amides. Of these, fatty amides will lead the market during the forecast period for its increasing use in packaging applications. Its environmentally friendly nature and versatility are likely to boost the market growth.
By carrier resin, the global slip additives market is segmented into PP, HDPE, LLDPE, and LDPE. Of these, the LLDPE segment will dominate the market during the forecast period for its relative transparency properties and flexibility. This segment is predicted to grow at the highest CAGR.
By application, the global slip additives market is segmented into non-packaging and packaging. Of these, the packaging segment will command the largest share in the market during the forecast period at a higher CAGR for the growing demand in automotive applications, electrical appliances, consumer goods, food and beverages, and others. Besides, the packaging segment is experiencing a boost for the rising awareness of safe packaging.
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Regional Analysis
By region, the global slip additives market report covers the latest trends and growth opportunities across the Americas, the Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. Of these, the APAC region will command the largest share in the market during the forecast period for the expanding food and beverage industry, growing packaging industry, and rapid industrialization.
The global slip additives market in North America is predicted to have the second-largest share during the forecast period for the increasing use in healthcare, food and beverage, and other industries.
The global slip additives market in Europe is predicted to have notable growth during the forecast period for its increasing demand in the healthcare and consumer goods industries and the presence of established packaging industry in the region.
The global slip additives market in Latin America will have steady growth during the forecast period for rapid industrialization and the growing packaging industry.
The global slip additives market in the MEA will have slow growth during the forecast period for the slow growth of the agriculture, food and beverage, and healthcare industries.
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Key Players
Notable players profiled in the slip additives market report include Lonza (Switzerland), Altana (Germany), Evonik Industries AG (Germany), Honeywell International Inc. (US), Emery Oleochemicals (Malaysia), BASF SE (Germany), Afron (US), the Lubrizol Corporation (US), PMC Group Inc. (US), Croda International PLC (UK), and Fine Organics (India). Key players have adopted innumerable strategies such as partnership, collaborations, acquisitions, strategic alliances, and extensive research and development activities for strengthening their position in the market.
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