Slip Additives Market Analysis | 2023-2028

“The Slip Additives Market is likely to grow at a promising CAGR of 5.1% in 2028”. 

Market Dynamics

Introduction

Slip Additives are a type of chemical additive used in the plastics industry to lower the coefficient of friction between surfaces. They are mostly used to increase the plastic materials' slide or lubricity, which makes them simpler to handle, process, and utilize in a variety of applications. 

Market Drivers

Slip Additives, a sizeable market, could not escape from such trends and witnessed a colossal decline amid the pandemic. However, the industry is gradually rebounding in the year 2021 with the ramp-up in consumer confidence. Furthermore, increasing demand for packaging materials, advancements in polymer technology, and regulatory compliance and sustainability are likely to give impetus to the demand for profile seals.

Segments Analysis

By Type

“Fatty amides are expected to remain the largest and fastest-growing slip additive type in the market during the forecast period”.

The slip additives market is segmented into fatty amides (erucamide, oleamide, stearamide), waxes & polysiloxanes. Fatty amides are expected to remain the largest and fastest-growing slip additive type in the market during the forecast period as they are widely used as slip agents in various plastic applications, including films, sheets, and molded parts.

The fatty acid derivatives erucamide, oleamide, and stearamide are renowned for having exceptional slide qualities. They lessen the coefficient of friction between the surfaces of the plastic, enabling easier processing, better mold release, and better surface quality.

By Carrier Resin Type

“LDPE is expected to remain the dominant carrier resin type in the market during the forecast period”.

The market is segmented into LDPE, LLDPE, HDPE, and PP. LDPE is expected to remain the dominant carrier resin type in the market during the forecast period. Low density, exceptional flexibility, and superb slip characteristics are all attributes of LDPE.

It is extensively utilized in many packaging applications, such as the creation of a film for bags, wraps, and pouches. Because of its widespread usage and popularity in the packaging sector, LDPE is frequently the main form of carrier resin connected to slip additives.

By Application Type

“Packaging slip additive is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period”.

The market is segmented into packaging and non-packaging applications. Packaging slip additive is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period. The expansion is linked to the rise in packaging demand for food and beverages. Plastic packaging increases product shelf life and decreases product leakage.

Due to its mobility and simplicity, plastic is often used to package food goods. Food and beverage packaging's main purposes are to decrease food loss and lengthen the shelf life of food goods. Reducing the quantity of packaging, largely non-recyclable, without sacrificing the food items' safety and hygienic standards, is one of the significant changes in the food and beverage business.

Regional Analysis

“Asia-Pacific is expected to remain the largest market for slip additives during the forecast period”.

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to remain the largest market for slip additives during the forecast period. The market for slip additives in the region is anticipated to grow rapidly as a result of increasing industrialization in emerging economies like China and India.

The packaging sector is anticipated to be driven by rising disposable income, changing lifestyles, an expanding middle-class population, and increased packaged goods consumption, which will likely promote the expansion of the slip additives market. In China, there is a rising demand for convenience foods, processed foods, and ready-to-eat foods. 

Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors including price, product offerings, regional presence, etc. Most of the major players are providing complete profile systems including profile seals.

The following are the key players in the Slip Additives Market (arranged alphabetically)

• BASF SE
• BYK Additives
• Croda International Inc.
• Emery Oleochemicals
• Evonik Industries AG
• Fine Organics
• Honeywell International Inc.
• Lonza Group
• Lubrizol Corporation
• PMC Biogenix Inc.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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