Slip Additives Market: Information by Type (Fatty Amides and Waxes and Polysiloxanes), Carrier Resin (LDPE, LLDPE, and HDPE), Application (Packaging and Non-Packaging), and Region(Asia-Pacific, North America, Europe)—Forecast till 2030
ID: MRFR/CnM/5026-HCR | February 2021 | Region: Global | 140 pages
Speak to Analyst
Request a Free Sample
Market Synopsis
Slip additives are used in polymer films to reduce the coefficient of friction (COF) and enhance either processing, performance in fabrication or downstream packaging equipment, or the end-use performance of polymers. These additives alter the properties and performance of polymers by migrating to the surface of the polyolefin films and reducing the COF. The effectiveness of slip additives is normally determined by the COF they allow. Slip additives also reduce film-to-film and film-to-metal surface friction, offering resistance to interference in the downstream process, and provide thermal stability, thereby, minimizing adhesion, aiding separation, improving efficiency, and reducing processing costs. These characteristics have led to the use of slip additives in plastics and polymer manufacturing.
The global slip additives market has been segmented, by type, into fatty amides and waxes and polysiloxanes. The fatty amides segment has been further divided into erucamide, oleamide, stearamide, and behenamide. The segment dominated the global slip additives market, by type, in 2017 and is expected to be the fastest-growing market during the forecast period. This growth can be attributed to the wide application scope of fatty amides slip additives and excellent results in packaging and films. Based on carrier resin, the global slip additives market has been segregated into LDPE, LLDPE, HDPE, and PP. The LLDPE segment held the largest market share in 2017.
The packaging industry is highly dependent on the use of plastics. The growing awareness of eco-friendly plastic additives and high-quality, high-performance safe plastic packaging is expected to drive the growth of the global slip additives market. Additionally, the demand for packaging films in automotive, food & beverage packaging, healthcare equipment, and consumer goods packaging applications is expected to drive market growth during the forecast period.
The players in the global slip additives market are adopting various strategies such as expansions, acquisitions, and mergers to capture larger market shares. For instance, in October 2017, Croda International PLC announced plans to double its production capacity of polymer additives at its plant in Hull, UK. The company aims at investing USD 35.04 million in this expansion project to meet the growing demand for slip additives.
Fluctuations in feedstock prices, changing environmental and health regulations and safety norms in various end-use industries are expected to be challenges in the growing global slip additives market. In addition, slip additives are often used in the production of screw-top caps to reduce friction as these caps can impact on the quality and taste of the beverage, especially in CO2-enhanced drinks. This is another challenge to the growth of the global slip additives market in the near future.
Global Slip Additives Market Share, by Type (2017)
Source: MRFR Analysis
Market Segmentation
The global slip additives market has been segmented based on type, carrier resin, application, and region.
Based on type, the global slip additives market has been split into the fatty amides and waxes and polysilioxanes segments. The fatty amides segment has been further divided into erucamide, oleamide, stearamide, and behenamide.
The global slip additives market has been segregated into LDPE, LLDPE, HDPE, and PP, based on the carrier resin.
By application, the global slip additives market has been classified as packaging and non-packaging.
Regional Analysis
The global slip additives market has been analyzed across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific dominated the global slip additives market in 2017. This can be attributed to the growth of the packaging industry in the region. The region is expected to be the largest and fastest-growing market during the forecast period.
The North American market held the second-largest share of the global slip additives market in 2017 due to the widespread use of packaging in food & beverage, healthcare, and other industrial applications. The regional market is expected to showcase remarkable growth during the forecast period.
The growth of the product market in Europe can be attributed to the presence of a few major players in this region. The established packaging industry is another factor for the growth of the European slip additives market.
The Latin American market is expected to showcase steady growth in the coming years owing to the moderate growth of the packaging industry.
The market in the Middle East & Africa is projected to grow at a sluggish rate due to the slow growth of the healthcare, food & beverage, and agriculture industries in the region.
Key Players
Some of the major players in the global slip additives market are Fine Organics (India), Croda International PLC (UK), PMC Group Inc. (US), the Lubrizol Corporation (US), Afron (US), BASF SE (Germany), Emery Oleochemicals (Malaysia), Honeywell International Inc. (US), Evonik Industries AG (Germany), Altana (Germany), and Lonza (Switzerland).
Intended Audience
- Manufacturers and producers of slip additives
- Traders and distributors of slip additives
- Raw material suppliers for slip additives
- Research and development organizations
- Nationalized laboratories
- Potential investors
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030: Significant Value |
| CAGR | 2022-2030: Substantial CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Carrier Resin, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Fine Organics (India), Croda International PLC (UK), PMC Group Inc. (US), the Lubrizol Corporation (US), Afron (US), BASF SE (Germany), Emery Oleochemicals (Malaysia), Honeywell International Inc. (US), Evonik Industries AG (Germany), Altana (Germany), and Lonza (Switzerland) |
| Key Market Opportunities | demand for packaging films in automotive, food & beverage packaging, healthcare equipment, and consumer goods packaging applications |
| Key Market Drivers | growing awareness of eco-friendly plastic additives and high-quality, high-performance safe plastic packaging |
Frequently Asked Questions (FAQ) :
The slip additives market was dominated by the Asia Pacific region.
The types included are LDPE, LLDPE, HDPE, and PP.
The LLDPE segment had the largest market share in 2017.
The fatty amides segment is expected to lead the segment.
The slip additives market has packaging and non-packaging.
