Slip Additives Market - By Type (Fatty Amides, Waxes and Polysiloxanes, Stearates), By Carrier Resin, By Application (Packaging Films, Consumer Goods, Automotive, Agriculture Films, Building & Construction, Pharma) & Forecast, 2024 – 2032

Slip Additives Market Size

Slip Additives Market was valued at around USD 270.6 million in 2023 and is anticipated to register a CAGR of over 4.4% between 2024 and 2032.
 

The market for slip additives is mostly driven by the increased focus on enhancing the quality and performance of plastic goods. To increase slip, anti-blocking, and anti-scratch capabilities, slip additives are crucial parts of the plastic product production process since they lower friction and improve surface properties. Manufacturers are under pressure to provide products with better performance and aesthetics as customer expectations for high-quality plastic items rise across a variety of industries, including consumer goods, automotive, and packaging. Consequently, there's been an increase in the need for slip additives to fulfill these demands and reach the intended product parameters. The use of slip additives is also fueled by the increased awareness of sustainability and the need to reduce material waste, since these factors allow for more efficient processing and improve the overall performance of plastic goods, which in turn supports the circular economy.
 

The slip additives market's revenue growth is constrained by raw material price volatility. Fluctuations in the pricing of essential materials such as fatty amides, waxes, and silicone-based compounds have an influence on overall slip additive production costs. As a result, manufacturers may have difficulty sustaining competitive pricing strategies and profit margins. Furthermore, instability in raw material costs can cause supply chain interruptions and inventory management concerns, limiting revenue development potential for slip additives manufacturers. To overcome these constraints, businesses may need to apply effective risk management techniques, investigate alternate sourcing possibilities, and engage in R&D to produce cost-efficient formulations.
 

Slip Additives Market Trends

The slip additives industry is expanding gradually driven by rising demand from a variety of end-use sectors like packaging, automotive, and consumer products. The rising emphasis on sustainability and regulatory requirements for food contact materials has accelerated the use of slip additives in packaging applications. Furthermore, advances in polymer processing technology and the development of innovative formulations improve the performance and efficacy of slip additives, broadening their uses in a variety of sectors. Furthermore, the transition to bio-based and eco-friendly slip additives is likely to create lucrative opportunities for market participants in coming years, as sustainability remains a prominent trend impacting consumer preferences and business practices.
 

Slip Additives Market Analysis

Based on type, the market is divided into fatty amides, waxes and polysiloxanes, stearates, and others. Fatty amides held the dominant market size of USD 124.9 million in 2023. Fatty amides like oleamide, erucamide, stearamide, and behenamide play an important part in the slip additives industry. These compounds are often employed as internal lubricants and slide agents in a variety of sectors, including packaging, plastics, and coatings. The demand for fatty amides in the slip additives industry is rapidly increasing due to its great performance in decreasing friction and improving slip characteristics of materials. Furthermore, fatty amides provide advantages such as increased processability, surface quality, and overall product performance, making them essential additions in many industrial processes.
 

Based on carrier resin, the market is categorized into polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polyamide (PA), acrylonitrile butadiene styrene (ABS), ethylene vinyl acetate (EVA), and others. Polyethylene (PE) accounted for 20.2% market share in 2023 and is projected to grow through 2032. The demand for slip additives in the polyethylene (PE) segment of the market is primarily driven by the growing adoption of PE in various end-use industries such as packaging, automotive, construction, and agriculture. Polyethylene is widely used for its excellent combination of properties including flexibility, durability, chemical resistance, and low cost. In packaging applications, PE is commonly used for manufacturing films, bags, and containers due to its ability to provide protection against moisture, chemicals, and physical damage. As the demand for packaged goods continues to rise globally, driven by factors such as population growth, urbanization, and changing consumer lifestyles, the demand for PE-based packaging materials also increases and so thus the slip additives demand.
 

Based on application, the market is categorized into packaging films, consumer goods, automotive, agriculture films, building & construction, pharmaceuticals, and others. packaging films accounted for major market share in 2023 and is projected to grow through 2032. Packaging films are vital for keeping items safe throughout transit, storage, and display. The need for packaging films is likely to rise further as the e-commerce sector grows and consumers seek more convenient packaging options. Slip additives are important in packaging films because they reduce the coefficient of friction between film surfaces, enhancing the material's handling, processing, and performance. Slip additives also aid to prevent film layers from blocking and adhering together during storage and transit, ensuring the packed items' integrity.
 

APAC dominated the global slip additives market in 2023. It generated a revenue of USD 110.7 million in 2023. The Asia-Pacific market is largely driven by increasing demand from a variety of end-use sectors, including packaging, automotive, and consumer products. With fast industrialization, urbanization, and rising disposable income levels in countries such as China, India, and Southeast Asian nations, consumption of packaged goods, autos, and consumer electronics has increased significantly. As a result, there is an increasing need for slip additives to improve the surface qualities of plastics used in packaging, car interiors, and electrical gadgets. Furthermore, growing awareness of sustainable packaging solutions, as well as severe rules governing food safety and product quality, are driving up demand for slip additives in APAC.  
 

Slip Additives Market Share

The competitive landscape of the slip additives industry, featuring major players such as Avient Corporation, BYK Additives & Instruments, BASF SE, Evonik Industries AG, and Lubrizol Corporation, reflects a moderately concentrated market with notable initiatives driving competition. While these companies contribute significantly to the industry's dynamics, there is still a degree of fragmentation with diverse product offerings and market shares. Competitive approaches among these key players encompass a mix of pricing strategies, distribution network strength, and continuous product innovation. Pricing remains a crucial aspect, with companies strategically positioning their slip additives products to attract a broad customer base. Distribution channels play a vital role, particularly for global players like Avient Corporation, BYK Additives & Instruments, and BASF SE leveraging extensive networks to ensure widespread availability of their products.
 

Major companies have undertaken key initiatives to stay competitive. For instance, In Sept 2023, Ampacet unveiled PERMSLIP 1409, a permanent slip solution that doesn't migrate and allows for trouble-free conversion of flexible packaging. This solution exhibits its superiority in guaranteeing seamless and error-free activities related to flexible packaging.
 

Slip Additives Market Companies

Major players operating in the market include:

• Avient Corporation
• BYK Additives & Instruments
• BASF SE
• Croda International Plc
• Dow
• Evonik Industries AG
• Fine Organics Industries Ltd.
• Honeywell International Inc.
• Lonza Group Ltd.
• Lubrizol Corporation
• Momentive Performance Materials Inc.
   

Slip Additives Industry News

• In June 2023, Evonik introduced the new TEGO Rad 2550 slip and defoamer additive for radiation-curing inks and coatings. The new TEGO Rad 2550 is a transparent, low viscosity liquid that successfully decreases static and dynamic surface tension in both traditional UV- and LED-cured formulations.
   
• In Oct 2021, Multibase, currently a part of Dow Performance Silicones (previously Dow Corning), announced Dow Corning HMB-6301 Masterbatch, a new slip additive concentrate for BOPP films.
   

The slip additives market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Type

• Fatty Amides
  • Erucamide
  • Oleamide
  • Stearamide
  • Behenamide
  • Others
• Waxes and Polysiloxanes
  • Montan Waxes
  • Carnauba Waxes
  • Amide Waxes
  • Ester Waxes
  • Others
• Stearates
• Others

Market, By Carrier Resin

• Polyethylene (PE)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Polyamide (PA)
• Acrylonitrile Butadiene Styrene (ABS)
• Ethylene Vinyl Acetate (EVA)
• Others

Market, By Application

• Packaging Films
• Consumer Goods
• Automotive
• Agriculture Films
• Building & Construction
• Pharmaceuticals
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA