Slip Additives Market (2021 to 2027) - Growth, Trends, COVID-19 Impact and Forecasts
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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Regional Analysis
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.
Competitive Analysis:
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.
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