Anti-Fog Additives Market Analysis | 2023-2028

Market Insights

The anti-fog additives market was estimated at USD 1.75 billion in 2022 and is likely to grow at a CAGR of 7.55% during 2023-2028 to reach USD 2.72 billion in 2028.

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Market Dynamics

Introduction

Anti-fog additives are compounds that are responsible for reducing the surface tension when two liquids or a liquid with a solid substance come into contact. Such compounds are used on plastic sheets for different purposes, such as keeping items fresh.

Anti-fog additives can be of different types, such as glycerol esters, sorbitan esters, polyoxyethylene esters, gelatin, and many others. Agricultural films, food packaging films, and similar others are some of the application areas where such additives are used.

Market Drivers

The global anti-fog additives market is driven by a host of factors, some of which are noted below:

• Increasing demand for packaged food products, owing to rapid urbanization and changing lifestyles, is primarily driving the demand for anti-fog additive films in food packaging and agriculture applications.
• Stringent regulation standards from the governing bodies, such as the USFDA, concerning the usage of plastics and environment-friendly practices in the food packaging industry.

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Key Players

Some of the major players in the market are:

• Akzo Nobel N.V.
• Croda International PLC.
• Clariant AG
• Evonik Industries AG
• Ashland Inc.
• E. I. Dupont De Nemours and Company
• A. Schulman, Inc.
• PolyOne Corporation
• Corbion N.V.
• PCC Chemax Inc.

New product development, regional expansions, and strategic collaborations are some of the key strategies adopted by the major players to gain a competitive edge in the market.

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

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Segment Analysis

By Type

Based on type, the market is segmented as glycerol esters, polyglycerol esters, sorbitan esters of fatty acids, ethoxylated sorbitan esters, polyoxyethylene esters of oleic acid, gelatin, titanium dioxide, and others. The glycerol esters segment acquires a market share of more than 30% in 2022 and is expected to dominate the market during the forecast period. Driven by its lower cost and higher usage in food packaging films, followed by polyglycerol esters and sorbitan esters. The glycerol esters segment is likely to maintain its dominance over the next five years as well.

By Application Type

Based on application type, the market is segmented as food packaging films, agricultural films, and others. The food packaging film application occupied a market revenue share of more than 60% in 2022 and is likely to maintain its dominance over the next five years as well. This application segment is also expected to witness the highest growth during the forecast period. Rapid urbanization in emerging economies, such as China, India, and Brazil; increasing participation of the fairer sex at the workplace; and changing lifestyle of consumers, are the major factors driving the demand for packaged foods, which is translating into increased demand for anti-fog additives for these applications. Agricultural advancements and increasing demand for high-quality crops have triggered the evolution of controlled farming activities, which are expected to increase the requirements for anti-fog additive-based films. Further, the growing demand for crops, due to a continuous surge in the global population, is likely to fuel the growth of the market in agricultural applications.

Regional Insights

Asia-Pacific dominated the market with a share of more than 30% in 2022 and is expected to witness the highest growth during the forecast period, owing to increased demand from emerging economies, such as China and India, mainly due to the rapid urbanization, changing lifestyle of consumers, and increased women’s participation at the workplace leading to a surge in demand for packaged foods. However, North America is likely to witness the fastest growth during the forecast period. The dominance of North America in the market is mainly attributed to a host of factors including an increasing demand for anti-fog films from the food packaging and agricultural sectors, growing awareness about health and safety, and stringent regulations from governing bodies.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects anti-fog additives market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order 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 in the most comprehensive way. 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, Service 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 the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The anti-fog additives market is segmented into the following categories.

By Type

• Glycerol Esters
• Polyglycerol Esters
• Sorbitan Esters of Fatty Acids
• Ethoxylated Sorbitan Esters
• Polyoxyethylene Esters of Oleic Acid
• Gelatin
• Titanium Dioxide
• Others

By Application

• Food Packaging Films
• Agricultural Films
• Others

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: China, Japan, India, and Rest of the Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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