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Slip Additives Market Trends

Report ID: GMI8864
Published Date: Apr 2024
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for slip additives reached USD 270 million in 2023 and is set to grow at over 4.4% CAGR between 2024 and 2032, driven by increased focus on enhancing the quality and performance of plastic goods.

The fatty amides product type segment in the slip additives industry reached USD 124.9 million in 2023 and is set to grow rapidly by 2032, owing to its great performance in decreasing friction and improving slip characteristics of materials.

APAC slip additives market reached USD 110.7 million in 2023 and is set to grow rapidly till 2032, driven by increasing demand from a variety of end-use sectors.

Avient Corporation, BYK Additives & Instruments, BASF SE, Croda International Plc, Dow , Evonik Industries AG, Fine Organics Industries Ltd., Honeywell International Inc., Lonza Group Ltd and Lubrizol Corporation among others.