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Slip Additives Market

Slip Additives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031

Slip Additives: Introduction

  • Slip additives can be added to polymers to control friction. They are added directly into the polymer during the extrusion process. They migrate to the surface as polymer cools, allowing a solid lubricating layer to form.
  • Slip additives can be used in polymer film structures and plastic packaging to improve polymer processing
  • Slip additives are used to change the surface properties of polyolefin films and reduce friction between film layers, as low friction helps films move more easily in film machining applications

Key Drivers and Restraints of Slip Additives Market

  • Slip additives are primarily used in packaging applications. Slip additives are widely used during the manufacturing of thin films and sheets in order to prevent friction and get the desired properties in packaging materials. Polymer films are mainly preferred in the packaging industry for packing and labeling. The key function of slip additives in the production of polyethylene and cast film is to deliver slip properties to the film surface. Increase in demand for slip additives is majorly ascribed to the growth of food & beverage packaging. The use of plastic packaging reduces leakage and helps extend the shelf life of products. This is expected to drive the global slip additives market during the forecast period.
  • Rise in demand for slip additives for non-packaging applications is estimated to create significant opportunities for the slip additives market in the near future. Non-packaging products such as hygienic and sanitary paper, filtration paper, and books use slip additives in order to prevent friction. Increase in demand for plastic films in medical applications is another factor expected to boost the slip additives market in the near future.

Slip Additives: Type Segment

  • In terms of type, the global slip additives market can be divided fatty amides, waxes & polysiloxanes, and others
  • The fatty amides segment is projected to hold major share of the global slip additives market during the forecast period owing to the rising demand for fatty amide-based slip additives in various plastic packaging and paint & coating applications
  • The waxes & polysiloxanes segment is projected to follow the fatty amides segment during the forecast period. This can be ascribed to high demand for waxes & polysiloxanes-based slip additives in various applications such as medical, food additives, and coatings.

Slip Additives: Application Segment

  • Based on application, the global slip additives market can be segmented into packaging and non-packaging
  • The packaging segment is projected to gain higher share of the global market during the forecast period due to the increasing demand for slip additives in food & beverage packaging. The use of plastic packaging reduces leakage and extends the shelf life of products.
  • One of the major transformations in the food & beverage industry is the reduction in the amount of packaging, mostly non-recyclable, to reduce packaging waste without compromising on the safety and hygiene of the food products. This boosts the demand for polyolefin plastic packaging films. In turn, this is projected to boost the global slip additives market in the next few years.
  • Slip additives are used in non-packaging products that include hygienic and sanitary paper, filtration paper, books, and fiscal stamps. Slip additives are usually used in non-packaging products in order to prevent friction.

COVID-19 Impact on Slip Additives Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials and shortage of labor. This is expected to hamper the slip additives market.

Asia Pacific to Hold Leading Share of Slip Additives Market

  • In terms of region, the slip additives market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global slip additives market, followed by North America, and Europe, during the forecast period. Rapid industrialization in emerging economies, such as China and India, is expected to fuel the slip additives market in the region. Demand for ready-to-eat food, convenience food, and processed & semi-processed food is rising in China. Consumers are preferring quality and trustworthy products, which is boosting the demand for imported food & beverage products. This has increased pressure on domestic food & beverage manufacturers to produce high-quality products that come in safe and easy packaging. These factors are likely to drive the slip additives market in Asia Pacific.
  • The slip additives market in North America and Europe is also projected to expand at a rapid pace in the near future

Key Manufacturers Operating in Slip Additives Market

The slip additives market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the slip additives market include:

  • Croda International Plc
  • Evonik Industries AG
  • Biesterfeld AG
  • Avient Corporation
  • Honeywell International Inc.
  • Lubrizol Corporation
  • Mitsubishi Chemical Corporation
  • Lonza Group Ltd.
  • BYK-Chemie GmbH
  • Emery Oleochemicals

Slip Additives: Research Scope

Slip Additives Market, by Type

  • Fatty Amides
  • Waxes & Polysiloxanes
  • Others

Slip Additives Market, by Application

  • Packaging
  • Non-packaging

Global Slip Additives Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Slip Additives Market

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