Market Insights
Anti-slip additives are those materials that are applied to a surface to increase friction or traction and lower the risk of having any kind of slip and fall. To increase their slip resistance, these additives are applied to different varnishes, paints, sealants, and flooring materials. These additives alter the surface texture and either increase grip or create a rougher surface which enhances traction and prevents any accidents. These additives are classified into broad 5 categories based on the additive used i.e., aluminium oxide, fatty amides, polymer anti-slip additives, silica, and others. Whereas these additives are used in majorly 3 applications apart from some other applications i.e., building & construction, industrial flooring, and marine.
Due to the COVID-19 pandemic, there was overall only a slight decline in the anti-slip additives market which was mainly due to disruption in the supply chain across the globe and delays in multiple projects requiring this material. But due to increased awareness due to COVID-19, healthcare and hospital industries required more safety on any spreading of the virus and hence anti-slip additives was crucial for slip-resistant surface which prevented any moisture on corridors and hallways this is the reason for the low decline of the market. And after COVID-19, the market is expected to show a bounce back of growth with production activities back to normal. Due to all these factors, the market is forecasted to grow at a moderate CAGR of around 4.4% during the forecasting period.
There are many factors driving the anti-slip additives market like – the increasing population which demands more usable floor space which gives rise to anti-slip additives for flooring and also growing demand for eco-friendly friendly products is another key factor for the growth of this market. Though the stringent environment regulations regarding toxic VOC emissions will be the restraining factor in the long term. Overall, the anti-slip additives market is estimated to reach a value of US$ 554.4 Million in 2028.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Additive-Type Analysis
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Aluminium Oxide, Fatty Amides, Polymer Anti-Slip Additives, Silica, and Others
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Aluminium oxide will dominate the market whereas silica will grow at the fastest pace.
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Application-Type Analysis
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Building & Construction, Industrial Flooring, Marine, and Others
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Building & Construction application will globally dominate the market.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific will be the largest whereas Europe will be the fastest-growing region in the market.
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Additive Type
The market is segmented into aluminum oxide, fatty amides, polymer anti-slip additives, silica, and others. Aluminum oxide was the dominant additive type in the anti-slip additives market during the forecasting period. The key reason is that this is a very tough mineral that finds high usage in anti-slip protection. Whereas silica-based will be the fastest-growing additive in the market due to their increasing application in epoxies and low costs, which make them a better alternative for projects that require anti-slip protection.
Application Type
The market is segmented into building & construction, industrial flooring, marine, and others. Building & construction will be the largest application type in the overall anti-slip additives market during the forecasting period. The dominance of the same is attributed to the fact that there is high growth in civic infrastructure across the globe, which has led to an increasing demand for anti-slip additives by the builders and engineers in this industry.
Regional Analysis
Asia-Pacific is expected to remain the largest market for the anti-slip additives market over the forecasting period. This is due to the reason that countries like China, India, and Japan are requiring better industrial safety, hence the rise in demand. Also, the region has an increasing number of shipping industry expansions, which are further adding to its domination of the region in the long run.
Whereas Europe is expected to be the fastest-growing market for anti-slip additives over the forecast period as rapid industrialization and rising investment levels are both contributing to the expansion of the region's construction sector, which indirectly bolsters the growth of anti-slip additives in the region.
The anti-slip additives market is segmented into the following categories:
By Additive Type
- Aluminium Oxide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fatty Amides (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Polymer Anti-Slip Additives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Silica (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industrial Flooring (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the anti-slip additives market:
- Associated Chemicals
- Axalta Coating Systems
- BYK Additives
- ChemMasters, Incorporated
- Coo-Var
- Exterior Performance Coatings, Incorporated
- Hempel Aktieselskab
- Jotun
- PPG Industries, Incorporated
- Promain UK Limited
- Rust-Oleum
- Saicos Colour GmbH
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s anti-slip additives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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