The Slip Additives Market Size was valued at USD 0.2billion in 2022. The Slip Additives market industry is projected to grow from USD0.21 Billion in 2023 to USD 0.310265643 billion by 2032, exhibitinga compound annual growth rate (CAGR) of 5.00% during the forecast period (2023 - 2032). Increased awareness of eco-friendly plastic additives and high-quality and high-performance safe plastic packagingare the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Slip additives are used to reduce the friction between a ship's hull and the water, which can help to improve fuel efficiency and reduce emissions.Slip additives are used to reduce the friction between a propeller and the water, which can also help to improve fuel efficiency and reduce emissions.Slip additives are used to reduce the friction between the fender systems and the dock, which can help to protect the dock and the fender system.The marine industry is under increasing pressure to improve fuel efficiency. Slip additives can help to reduce fuel consumption by reducing the friction between the hull and propeller. Furthermore, the marine industry is under increasing pressure to reduce emissions. Slip additives can help to reduce emissions by reducing fuel consumption.
Additionally, increase in demand from the marine industry, a rise in the number of applications in industrial flow, a surge in product demand owing to the need for eco-friendly goods, as well as Increase in people's disposable money, a rise in the  population, rapid industrialization and globalization, and surge in levels of investment for the construction sector's growth are some of the major and vital factors that boost the growth of the anti-slip additives market. On the other hand, the rise in strategic expansion activities by manufacturing businesses and increased demand from the paints and coatings industry further contribute to the growth of the anti-slip additives market by offering significant potential. In the coming years, an increase in several rigorous environmental regulations and a surge in the tendency to use wooden flooring instead of tiles are expected to function as market restraints for the expansion of anti-slip additives. Furthermore, the rising demand for plastic films for medical applications has positively anticipated propelling the growth of the slip additives market. Thus, driving the Slip Additives market revenue.
Based on type, the Slip Additives market segmentation includes Fatty Amides Waxes and Polysiloxanes. The fatty amides waxes category is the dominant category. The factors that can be attributed to the outstanding performance and reduction in friction provided by fatty amides-based slip additives, are driving the demand for this segment.
Based on carrier resin, the Slip Additives market segmentation includes LDPE, LLDPE, and HDPE. The LLDPE dominated the market; LLDPE is broadly used in the packaging application owing to more flexibility, tensile strength, and longer conformability.
The Slip Additives market segmentation, based on Application, includes Packaging, Non-Packaging. Packaging dominates the market; the factors attributed to the increasing demand for food & beverage packaging and increasing demand for polyolefin plastic packaging films are fueling the demand for this segment.
Figure1: Â Slip Additives Market, by Application, 2022&2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study providesmarket insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific Slip Additives Marketarea will dominate this market, owing to the rapid industrialization in emerging economies and the growing middle-class population, and the increasing consumption of packed goods will boost the market in the Region.Moreover, China’s Slip Additives market held the largest market share, and the Indian Slip Additives market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: SLIP ADDITIVES MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Slip Additives market accounts for the second-largest market share due to the presence of a few major players in this Region. The established packaging industry is another factor for the growth. Further, the GermanSlip Additives marketheld the largest market share, and the UK Slip Additives market was the fastest-growing market in the European Region
The North American Slip Additives marketis expected to grow at the fastest CAGR from 2023 to 2032. This is due todue to the widespread use of packaging in food & beverage, healthcare, and other industrial applications.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Slip Additives market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Slip Additives industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Slip Additives industry to benefit clients and increase the market sector. In recent years, the Slip Additives industry has offered some of the most significant advantages to medicine. Major players in the Slip Additives market, includingFine 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)., and others, are attempting to increase market demand by investing in research and development operations.
Croda International plc is a British specialty Chemicals Company based in Snaith, England. It is listed on the London Stock Exchange. Croda International announced the acquisition of the assets of Slipstream Technologies, a UK-based supplier of slip additives. The acquisition will strengthen Croda International's position in the slip additives market, and it is expected to help the company to meet the growing demand for slip additives in a variety of applications.
Eastman Chemical Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, today it is an independent specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. Eastman Chemical launched its new line of high-performance slip additives for use in the automotive industry. The additives are designed to meet the demanding requirements of the automotive industry, such as high-temperature resistance and low wear.
December 2022: Croda International announced the acquisition of the assets of Slipstream Technologies, a UK-based supplier of slip additives. The acquisition will strengthen Croda International's position in the slip additives market, and it is expected to help the company to meet the growing demand for slip additives in a variety of applications.
June 2022: Eastman Chemical launched its new line of high-performance slip additives for use in the automotive industry. The additives are designed to meet the demanding requirements of the automotive industry, such as high-temperature resistance and low wear.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 0.2 billion |
| Market Size 2023 | USD 0.21 billion |
| Market Size2032 | USD 0.310265643 billion |
| Compound Annual Growth Rate (CAGR) | 5.00%(2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Carrier Resin, Application and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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 Dynamics | growing awareness of eco-friendly plastic additives and high-quality, high- performance safe plastic packaging |
Slip Additives Market Highlights:
Frequently Asked Questions (FAQ) :
The Slip Additives market size was valued at USD0.2 Billion in 2022.
The Slip Additives market is projected to grow at a CAGR of 5.00% during the forecast period, 2023-2032.
Asia Pacifichad the largest share of the Slip Additives market
The key players in the 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).
The Fatty Amides and Waxescategory dominated the Slip Additives market in 2022.
Packaging had the largest share in the Slip Additives market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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