Global Anti-Slip Additives market is projected to expand at a CAGR of 5.02% over the forecast period of 2017 - 2023. Burgeoning population is continuously increasing the demand for living spaces across the globe. Rapid industrialization along with increasing urbanization has increased the global rate of migration of people from rural to urban areas. According to the World Health Organisation (WHO), the global urban population is projected to grow 1.84% per year between 2015 and 2020 and 1.63% per year between 2020 and 2025. Growing urban population is continuously increasing the demand for advanced flooring coatings and solutions which in turn is driving the demand for anti-slip additives that can be mixed into floor coatings to provide a non-slip finish. Another major driver of global anti-slip additives market is high demand across marine industry. According to the United Nations Conference on Trade and Development (UNCTAD), growth in global seaborne trade has shot up from 9,917 millions of tons loaded in 2012 to 10,287 millions of tons loaded in 2016. Globalization and rising spending in emerging regions and economies is generating long-term opportunities for container ships which is attracting investments, both public and private, in ports, infrastructure, technology, and services to maintain the efficient flow of business. Recently, DP World has partnered with India’s National Investment and Infrastructure Fund (NIIF) and created a new platform to invest up to US$3 billion in ports, terminals, transportation, and logistics business in the country. All these factors are fueling the demand for anti-slip additives for marine deck coatings to prevent slips and falls on wet surfaces.
By material type, the global anti-slip additive market is segmented as aluminum oxide, silica, and others (crushed glass, polymer grits, etc.). Silica segment is projected to witness a significant market growth between 2017 and 2018. Stringent environmental regulations which mandate the use of greener products are encouraging coating manufacturers to use silica-based anti-slip additives which strictly adhere to various environmental safety norms.
Geographically, Europe holds a significant share in global anti-slip additives market owing to rising investments in port infrastructure across the region. As per the study conducted by the British Ports Association (BPA), 18 ports in the country will receive huge investments regarding maintenance and development between 2018 and 2020. This includes the Bristol port on which £400 million is being spent in order to enlarge the docks such that the port can be used by the world’s largest container ships. APAC will witness the fastest regional market growth during the forecast period. This growth is majorly attributed to rising number of both residential and commercial buildings and increasing investments in port and road infrastructure in countries like India and China.
Major industry players profiled as part of the report are CoverTec, PPG Industries, Rust-Oleum, Protective Industrial Polymers, and Henkel Corporation among others.
The global anti slip additives market is segmented by material type, coating type, application, and geography:
By Material Type
By Coating Type
Middle East and Africa