Global Slip Additives Market: Information by Type (Fatty Amides and Waxes and Polysiloxanes), Carrier Resin (LDPE, LLDPE, and HDPE), Application (Packaging and Non-Packaging), and Region(Asia-Pacific, North America, Europe)—Forecast till 2023
Global Slip Additives Market Key Players
Fine 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) are some of the major players in the global slip additives market.
The packaging application segment is expected to dominate the global slip additives market during the forecast period.
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Slip Additives Market Introduction
The global slip additives market is expected to experience stable growth over the forecast period due to the growing demand for plastic packaging products, according to the latest research report from Market Research Future (MRFR).
Slip additives are used in the production of polymer films to reduce their coefficient of friction and make them smooth and prone to sliding. The slip additives rise to the surface of the polymer films during manufacturing, thus preserving their effect over a long time. The addition of slip additives also alters the properties of the material during production, allowing for smoother production and post-production processing. The rising demand for technological innovations to make polymer production smoother and more reliable is likely to drive the demand from the slip additives market over the forecast period.
Latest News
In October 2017, Croda International PLC announced plans to double its production capacity of polymer additives at its plant in Hull, the UK. The company plans to invest USD 35.04 million on the site in an effort to expand production.
The growing packaging industry is likely to be the core driving factor for the global slip additives market, as the packaging industry accounts for a dominant share in the global slip additives market and is likely to remain the leading consumer over the forecast period. The growing ecommerce sector and globalization of the market has led to growing demand for plastic packaging products that last the distance and are easy to handle. This has led to a significant boost to the global slip additives market, which is likely to sustain over the forecast period.
Global Slip Additives Market Segments
Global Slip Additives Market has been segmented based on type, carrier resin, application, and region.
Based on type, the global slip additives market has been divided into fatty amides and waxes and polysiloxanes. The fatty amides segment has been further segregated into erucamide, oleamide, stearamide, and behenamide. It is expected to be the largest slip additives market, by type, during the forecast period owing to the widespread use of these organic slip additives in packaging applications. The versatility and environmentally friendly nature of fatty amides is expected to further drive product demand.
By carrier resin, the global slip additives market has been classified as LDPE, LLDPE, HDPE, and PP. The choice of carrier resin depends entirely on the crystallinity and morphology of the polymer or polyolefin surface. LLDPE offers flexibility, toughness, and excellent transparency to the surface. It also offers lower COF to the surface of packaging films. These factors are expected to result in the segment showcasing remarkable growth during the forecast period.
The global slip additives market has been segmented, based on application, into packaging and non-packaging. The packing application segment is expected to be the larger market for slip additives. Moreover, it is projected to grow at a higher rate owing to the growing demand in food & beverage, consumer goods, electrical appliances, automotive applications, among others. This growth in demand for packaging can be attributed to the increasing awareness of safe packaging.
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Global Slip Additives Market Regions
The market in Asia-Pacific is expected to the largest and fastest-growing slip additives market during the forecast period owing to rapid industrialization and the growth of the food & beverage industry in the region. The North American and European markets are expected to grow at significant rates in the coming years owing to the growing demand for organic slip agents in the consumer goods and healthcare industries.
Moreover, rapid industrialization in Latin America has resulted in the rising demand for slip additives. Hence, the regional market is projected to showcase steady growth in the near future. However, the market in the Middle East & Africa is expected to grow at a slow rate during the forecast period.
Table Of Contents
LIST OF FIGURES
FIGURE 1 Global Slip Additives Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis Of Global Slip Additives Market
FIGURE 4 Value Chain Of Global Slip Additives Market
FIGURE 5 Share Of Global Slip Additives Market In 2017, By Country (%)
FIGURE 6 Global Slip Additives Market, 2016−2023
FIGURE 7 Global Slip Additives Market Size, By Type, 2017
FIGURE 8 Share Of Global Slip Additives Market, By Type, 2016−2023
FIGURE 9 Global Slip Additives Market Size, By Application, 2017
FIGURE 10 Share Of Global Slip Additives Market, By Application, 2016−2023
FIGURE 11 Global Slip Additives Market Size, By Carrier Resin, 2017
FIGURE 12 Share Of Global Slip Additives Market, By Carrier Resin, 2016−2023
Global Slip Additives Market: Information by Type (Fatty Amides and Waxes and Polysiloxanes), Carrier Resin (LDPE, LLDPE, and HDPE), Application (Packaging and Non-Packaging), and Region(Asia-Pacific, North America, Europe)—Forecast till 2023
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