Slip additives market is projected to grow at a CAGR of 5.79% during the forecast period, reaching a total market size of US$3.475 billion in 2024 from US$2.479 billion in 2018. Advancement in packaging industry is the major driver of slip additives market. Increasing demand for bio-based slip additives is encouraging manufacturers to invest heavily in R&D, thus positively impacting the growth of slip additives market during the forecast period. However, factors such as stringent environmental regulations and volatility in raw material prices are hampering the growth of slip additives market. By application, slip additives market is segmented as packaging and non-packaging. Packaging segment dominates the market owing to rising demand for processed food products and increasing expenditure on cosmetics due to growing global geriatric population and rising awareness about personal grooming. Geographically, slip additives market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. APAC region will witness significant CAGR during the projected period owing to rising middle class population and increasing urbanization which, in turn, is driving the demand for advanced packaging solutions, thus bolstering the growth of slip additives market.
The “Slip Additives Market– Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation bycarrier resin, application, and geography.
TheSlip Additives marketsegmented based on carrier resin, application, and geography. By carrier resin, the market has been segmented intoHDPE, LDPE, LLDPE, and PP. By application, the market has been segmented into packaging and non-packaging.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in theSlip Additives market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Slip Additives market.
|Market size value in 2018||US$2.479 billion|
|Market size value in 2024||US$3.475 billion|
|Growth Rate||CAGR of 5.79% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Carrier Resin, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Croda International Plc, The Lubrizol Corporation, Emery Oleochemicals, Palsgaard A/S, Tosaf, Evonik, Altana, Wells Plastics Ltd, Ampacet Corporation|
|Customization scope||Free report customization with purchase|
By Carrier Resin
Food and Beverage
Middle East and Africa
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