Slip Additives Market Forecasts to 2028 – Global Analysis By Type (Type1, Type 2, Type 3, Antifreeze Glycoprotein and Other Types), Form (Solid, Liquid and Other Forms), Source, Application, End User and By Geography
According to Stratistics MRC, the Global Slip Additives Market is accounted for $249.54 million in 2022 and is expected to reach $366.79 million by 2028 growing at a CAGR of 6.63% during the forecast period. Slip Additives are the products added to polymers to reduce friction. During the extrusion process, they are introduced directly into the polymer and move to the surface when the polymer cools, allowing a solid lubricating layer to develop. Slip additives are a realistic necessity for both the producer and the end-product user. They can be employed in polymer film constructions and plastic packaging to enhance polymer manufacturing and in-use qualities. For the purpose of reducing friction and obtaining the appropriate qualities in packing material, slip additives are frequently employed during the production of thin films and sheets. They are mainly preferred for packing and labeling.
According to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production.
Market Dynamics:
Driver:
Improves processability
The slip additives are combined with the polymer to improve the processability and processing characteristics of the material. Internal and external lubricants are very common processing additives that improve processing efficiency. Internal lubricants improve the polymer flow properties and mold filling whereas external lubricants migrate to the surface of the polymer to reduce the friction. It helps to achieve the desired processing characteristics which are fuelling the market growth.
Restraint:
Affects of organic waxes
Good slip performance is provided by conventional organic waxes, but they rapidly and persistently migrate off the film's surface. This migration raises the haze level of transparent film, which might have an impact on the look and quality of packaging goods. When the additive moves from the slip-treated face, it may potentially have a deleterious impact on subsequent processes. It may result in inconsistent metallization or coating, which hampers the expansion of the market.
Opportunity:
Reduces material costs
Fillers or extenders as they are inexpensive additives that add bulk to the polymer and reduce costs by reducing the volume of base polymer consumed. Minerals such as calcium carbonate, silica, glass fibers and carbon black are often used as fillers. The fillers enhance its stability and moldability. This element propels the growth of the market.
Threat:
Effects of high temperature
Slip additives lose their effectiveness over time and at high temperatures. The ensuing decline in slip performance may result in BOPP film distortion or even ripping. Production of packing may be interrupted and slowed down by these problems. Slip additives can further decrease by accumulating on the extrusion die, which necessitates routine cleaning and therefore hinders the market growth.
Covid-19 Impact
The impact of the COVID epidemic was felt in practically all global businesses. Due to pandemic limitations, a number of governments and private sector companies are functioning at a reduced capacity or have totally stopped operations. The market for slip additives suffered significant losses as a result of the lack of raw materials and labour. This hindered the market growth in pandemic.
The packaging segment is expected to be the largest during the forecast period
The packaging segment is estimated to have a lucrative growth, due to the growing demand from food & beverage packaging. Plastic packaging helps to keep items from leaking and increases their shelf life. The use of single-use plastic is being restricted in order to decrease packaging waste without endangering the health and safety of the products, which is one of the primary developments in the packaging business. This will fuel the demand for packaging segment.
The Linear Low Density Polyethylene (LLDPE) segment is expected to have the highest CAGR during the forecast period
The Linear Low Density Polyethylene (LLDPE) segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its high applications. It is used in the packaging industry owing to more flexibility, tensile strength, and conformability. LLDPE-based slip additives are used for agricultural films, stretch films, lamination, heavy-duty sacks, personal care films, etc. End users such as food & beverage, consumer goods and healthcare use LLDPE drastically which is driving the segment growth.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to its foreign investments and booming industrial sectors. The Asia-Pacific area is a desirable location for huge market share due to its low cost of labour, quick access to raw materials, growth in the acceptance of newer technology and innovations, and simplicity in finding affordable acres. All these factors in this region are fuelling the market share.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to rise in consumption of packaged food. The increased disposable incomes and changing life styles raised the demand for packaged food. The widespread use of packaging in markets such as food & beverage, healthcare and other industrial applications in this region is expected to showcase remarkable growth during the forecast period.
Key players in the market
Some of the key players profiled in the Slip Additives Market include BASF SE, GE Healthcare, Bio-Rad Laboratories, Croda International Inc, BYK Additives, Evonik Industries AG, Lonza Group, Avantor Performance Materials Inc, Honeywell International, Mitsubishi Chemical Corporation, Emery Oleochemicals, PMC Biogenix Inc, Lubrizol Corporation, Repligen Corporation, Fine Organics, Wacker Chemie AG, Pall Corporation, DowDuPont, Purolite Corporation and Ampacet Corporation
Key Developments:
In September 2022, The Mitsubishi Chemical Group has agreed with the Japan Windsurfing Association to jointly promote recycling activities for carbon fiber used in windsurfing equipment. Along with this, Mitsubishi have concluded a sponsorship contract with Takuma Sugi, who is competing with top-class windsurfers.
In June 2022, BASF launches VerdessenceTM RiceTouch, a new biopolymer for a smooth and powdery light skin feel, suitable for a broad range of personal care products. This plant based sensory powder with small particle size provides powdery light and smooth skin feel and is ideal for matte type cosmetics.
In April 2021, Bio-Rad Laboratories Inc, a global leader of life science research and clinical diagnostic products announced the launch of two products for the Droplet Digital PCR (ddPCR) platforms. The ddPCR Assays for AAV Viral Titer and the Vericheck ddPCR Mycoplasma Detection Kit support the development and manufacture of safe and effective cell and gene therapies.
Types Covered:
• Erucamide
• Behenamide
• Oleamide
• Stearamide
• Waxes
• Polysiloxanes
• Other Types
Carrier Resins Covered:
• Linear Low Density Polyethylene (LLDPE)
• Low Density Polyethylene (LDPE)
• High Density Polyethylene (HDPE)
• Polypropylene (PP)
• Other Carrier Resins
Applications Covered:
• Packaging
• Non Packaging
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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