Anti-Slip Additives Market

Anti-Slip Additives Market Size-(2023-2028)

Anti-Slip Additives Market will grow from USD 405 Million in 2022 to $ 550 Million in 2028, recording a compound annual growth rate of above 6.78% over the forecast period from 2023-2028

Anti-slip additives are also termed anti-skid, traction or non-slip additives as they are added to offer more coefficient friction or repellence to a high glossy or slippery surface. Anti-slip additives add texture to the coated surface or floor in order to decrease slip which is a key cause of fall accidents mainly from wet floors. They are a chemical modifying agent that leads to a decrease in the friction coefficient between surfaces. These additives also assist in maintaining the integrity of the surfaces and also assist improve the properties of the product. These additives are added to different plastics in the production procedure so as to decrease the friction in the end product.

Drivers & Restraints in the Anti-Slip Additives Market:

The increase in population around the world is one of the major reasons for the rising call for usable floor space which in turn escalated the call for anti-slip additives employed in flooring. The way of living and lifestyle of individuals are also assisting to escalate the employment of anti-slip additives in flooring. Funds in the construction segment are rising regarding renovation and remodelling activities. The requirement in call for growing nations and expansion in organised retail areas created expansion opportunities for the anti-slip additives industry. Rising consumption of anti-slip additives, due to escalating calls for eco-friendly goods is a key factor driving the expansion of the worldwide anti-slip additives market. In addition to that, the increasing call for anti-slip additives due to the increase in population and fast urbanization is another factor estimated to boost the expansion of the anti-slip additives industry over the foreseen period. Also, rising consumption from the construction segment is a factor estimated to propel the expansion of the anti-slip additives industry in the coming future.

Nevertheless, strict environmental rules is a key factor estimated to limit the expansion of the global anti-slip additives market in the foreseen period. The rise in population, fast urbanization and fast industrialization are three industry propellers at the base of the expansion of this industry. These have escalated the worldwide rate of migration of individuals from rural to urban areas which in turn led to a rise in the call for high-quality infrastructure, with developed floor coatings and solutions. This finally also converts into the call for helpful anti-slip additives. The middle-income developing countries today are also experiencing the expansion of an organized retail segment. Even though the industry drivers are several, anti-slip additives face the challenge of present substitutes such as wood floorings that completely do away with the issues that tiles pose. Many individuals on this day are highly opting for these, and this can pull down the regional industry shares of the anti-slip additives in the industry.

The Asia Pacific is estimated to be the quickest-rising industry for anti-slip additives owing to escalating construction activities, as well as the technologically-developed and growing countries (in terms of the port network) in the region calling innovative, highly efficient, renewable, and less toxic anti-slip additives. Anti-slip additives industry is highly segmented and also involves makers that actively participate in research and advancement for the introduction of the latest technologies regarding the anti-slip additives industry in order to expand its product portfolio and escalate its competitiveness.

ANTI-SLIP ADDITIVES MARKET REPORT COVERAGE:

Anti-Slip Additives Market Segmentation:

Anti-Slip Additives Market - By Type:

• Aluminium Oxide

• Silica

• Others

The silica sector is estimated to rise at the highest CAGR in the foreseen period owing to the rising call for highly efficient, durable, and eco-friendly products.

Anti-Slip Additives Market - By Application:

• Construction Flooring

• Marine Deck

• Others

The marine deck sector is estimated to develop at the highest CAGR in the foreseen period. This is owing to the escalating size and load-carrying capacity of vessels that have led to increasing trade volumes with a focus on developing more durable and sturdier marine crafts. The increase in trade is resulting in the requirement to make sure the application of safety measures to hold the cargo and individuals on board the ship.

Anti-Slip Additives Market - By Region:

The Anti-Slip Additives Report includes the segmentation of Regions with their respective Countries.

• North America Anti-Slip Additives Industry includes the US and Canada.

• Europe Anti-Slip Additives Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, & Rest of Europe.

• Asia Pacific Anti-Slip Additives Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, & Rest of ASIA PACIFIC.

• Latin America Anti-Slip Additives Industry includes Brazil, Mexico, Argentina, Chile, & Rest of LATAM.

• Middle East & Africa Anti-Slip Additives Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and the rest of MEA.

The Asia Pacific was the biggest industry for anti-slip additives in 2020 and is estimated to dominate the worldwide anti-slip additives industry throughout the foreseen period. The Asia Pacific anti-slip additives industry is driven majorly by the presence of the world’s busiest ports in nations like China, Singapore, and Hong Kong. Escalating business activities and increasing infrastructural advancements in the shipping industry (in the form of a rising network of ports) are mainly responsible for the high call for anti-slip additives in the region. The lead of Asia Pacific is also owing to the relaxed freight tax rules by the governments of India and China. Furthermore, escalating strategic expansion activities by manufacturing firms in the region are also driving the anti-slip additives industry. The industry in Europe is also estimated to experience high expansion in the foreseen period, due to escalating call for anti-slip additives owing to fast industrialization in the area. 

Recent Advancements:

• DuPont introduces the latest Masterbatch Collaborating Anti-Block and Slip PE Blown Film at the event Chinaplas 2019. The masterbatch collaborates an anti-block agent with a suitable slip additive to enhance the film procedure and make sure good condition.

• Czarnecki: While Micro Powders have been started approximately 5 decades ago as a provider of micronized waxes, our particle technology experts have grown into the advancement of high-performance additives that are more practical and well organized.

Major companies playing their trade in the Anti-Slip Additives Market include:

BYK Chemie GmbH (Germany), Vexcon Chemicals, Inc. (USA), PPG Industries, Inc. (the US), Caicos Colour Gmbh (Germany), Hempel A/S (Denmark), Exterior Performance Coating, Inc. (USA), Rust-Oleum Corporation (US), Associated Chemicals Ltd (India), Jotun (Norway), Byd Solutions Ltd (UK), Coo-Var (UK), Fineotex Chemicals Ltd (India), Sika AG (Switzerland), and Axalta Coatings Systems (US) are the leading shareholders of the Global Anti-Slip Additives Market. There is constant competition between these companies based on the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.