The report “Slip Additives Market by Type (Fatty Amides (Erucamide, Oleamide, Stearamide), Waxes & Polysiloxanes), Carrier Resin (LDPE, LLDPE, HDPE, PP), Application (Packaging, and Non-Packaging), and Region – Global Forecast to 2024″, The slip additives market is projected to reach USD 284 million by 2024, at a CAGR of 5.0%, from USD 223 million in 2019. The growth of the slip additives market is primarily triggered by the increasing demand from the packaging industry. The packaging industry has been shifting to sustainable packaging solutions with the development of new technologies and lightweight materials, including plastic films. This is likely to support the demand for flexible plastic packaging, as it requires fewer resources to pack the product and, at the same time, ensures quality and safety. These factors have increased the importance of slip additives as they help in easing the handling and processability of flexible packaging films, sheets, and wraps. These additives reduce the surface friction of the polymer melt at a reasonable cost.
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- 104 Market data Tables
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- 139 Pages and in-depth TOC on “Slip Additives Market – Global Forecast to 2024”
Some of the prominent key players are:
· Fine Organics (India)
· Croda International Inc. (UK)
· PMC Biogenix Inc. (US)
· Honeywell International Inc. (US)
· Lubrizol Corporation (US)
· BASF SE (Germany)
· Lonza Group (Switzerland)
· BYK Additives & Instruments (Germany)
· Emery Oleochemicals (Malaysia)
· Evonik Industries AG (Germany)
Fatty amides are expected to be the fastest-growing type segment during the forecast period.
Based on type, the slip additives market has been segmented into fatty amides (erucamide, stearamide, oleamide, and others), waxes & polysiloxanes, and others. The fatty amides segment is projected to register the highest CAGR, in terms of value, of the global slip additives market. The growth of this segment can be attributed to the outstanding performance and reduction in friction provided by fatty amides-based slip additives. Moreover, these additives are available at low cost than waxes and silicone-based slip additives.