Global Slip Additives Market

Global Slip Additives Market Size, Share, Growth Analysis, By Type(Fatty amides, waxes), By Application(Packaging, automotive), By End use industry(Food packaging, pharmaceuticals) - Industry Forecast 2023-2030


Report ID: SQMIG15E2497 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 91 | Figures: 76

Global Slip Additives Market Insights

Global Slip Additives Market size was valued at USD 234.03 million in 2021 and is poised to grow from USD 256.20 million in 2023 to USD 351.70 million by 2030, at a CAGR of 4.63 % during the forecast period (2023-2030).

The global slip additives market has witnessed substantial growth in recent years due to the increasing demand from various end-use industries such as packaging, automotive, and consumer goods.

Slip additives are employed to reduce the coefficient of friction between surfaces, enhancing lubricity and surface smoothness. This results in improved processing efficiency, reduced scratching, and enhanced overall product performance.

The market's growth can also be attributed to the rising need for sustainable and eco-friendly solutions, leading to the development of bio-based slip additives.

Additionally, technological advancements and research initiatives in the field are expected to further drive market expansion during the forecast period.

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Global Slip Additives Market Segmental Analysis

The global slip additives market is segmented into type, application, end-use industry, and region. In terms of type, the market could be categorized into fatty amides, waxes, and more. Applications may cover packaging, automotive, and consumer goods, among others. Additionally, the end-use industries might encompass food packaging, pharmaceuticals, and electronics. Geographically, the market could be studied across regions like North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis By Type

The largest sector in the slip additives market is the packaging industry. The demand for slip additives in packaging materials, such as polyethylene films used for food packaging, has witnessed substantial growth due to their ability to improve machinability and reduce the coefficient of friction, making it easier to handle and process packaging materials during production and usage. With the escalating global consumption of packaged goods, particularly in emerging economies, the packaging industry remains a significant driver for slip additives.

Simultaneously, the fastest-growing sector in the slip additives market is the automotive industry. With the increasing demand for comfortable and luxurious automotive interiors, the utilization of slip additives is projected to grow rapidly, especially in developing countries experiencing a surge in automobile sales.

Analysis By Application

The largest sector driving the demand for slip additives is the plastic and polymer industry. As the demand for lightweight and durable materials increases across industries, the use of slip additives to enhance the performance and processability of plastics becomes even more critical. Additionally, the packaging industry, which heavily relies on plastic materials, also contributes significantly to the growth of the slip additives market.

On the other hand, the fastest-growing sector for slip additives is the coatings industry. Slip additives play a vital role in meeting these requirements, as they enable the formulation of coatings that offer excellent durability and reduced friction, catering to the increasing demand for superior surface protection in various applications.

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Global Slip Additives Market Regional Insights

In North America, slip additives were increasingly used in various industries, including packaging and automotive, driven by the expanding manufacturing sector.

Europe witnessed steady demand for slip additives in the flexible packaging industry. Meanwhile, Asia-Pacific showed significant market potential due to the rising industrial activities and consumer goods production.

Latin America and the Middle East & Africa also experienced a moderate surge in slip additive adoption, mainly in packaging applications.

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Global Slip Additives Market Dynamics

Drivers

Demand from Numerous End User Industries

  • The increasing demand for slip additives in various industries is a significant driver for the global slip additives market. Additionally, they enhance the slip properties of plastic films, ensuring smooth release characteristics and preventing blocking during storage or transportation. The growing application of slip additives in industries such as food packaging, pharmaceuticals, and consumer goods further contributes to market growth. Moreover, the development of innovative and eco-friendly slip additives with enhanced performance and sustainability also fuels market expansion.

Restraints

Fluctuating Raw Material Prices

  • One restraint affecting the global slip additives market is the volatility of raw material prices. Fluctuations in the prices of these raw materials can significantly impact the production cost of slip additives. Manufacturers may face challenges in maintaining competitive pricing, which can affect their profit margins and market competitiveness. Additionally, as the industry faces increasing pressure to adopt sustainable practices, reliance on petroleum-based feedstocks may become a limitation. This may prompt the development and adoption of alternative, renewable sources of slip additives, but the transition process could pose implementation challenges and hinder the market's growth in the short term.

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Global Slip Additives Market Competitive Landscape

The global slip additives market is characterized by intense competition among key players vying for market share. Established companies, bolstered by extensive research and development efforts, offer a wide range of high-performance slip additives to cater to diverse industry demands. Additionally, they focus on strategic partnerships, mergers, and acquisitions to expand their product portfolios and global presence. Meanwhile, emerging players with innovative formulations and cost-effective solutions pose a considerable challenge, driving established firms to maintain a robust competitive edge through product differentiation, technological advancements, and efficient distribution networks in this rapidly evolving market.

Top Player’s Company Profiles

  • BASF SE (Germany)
  • Evonik Industries AG (Germany)
  • Afton Chemical Corporation (United States)
  • Emery Oleochemicals (Malaysia)
  • Munzing Corporation (United States)
  • Honeywell International Inc. (United States)
  • BYK Additives & Instruments (Germany)
  • Lonza Group Ltd. (Switzerland)
  • Momentive Performance Materials Inc. (United States)
  • AkzoNobel N.V. (Netherlands)
  • 3M (United States)
  • Nanotech Industrial Solutions (United States)
  • Techmer PM LLC (United States)
  • PCC Chemax Inc. (United States)
  • Fine Organics (India)
  • Ampacet Corporation (United States)
  • Zschimmer & Schwarz (Germany)

Recent Developments

  • In July 2022, The Polymer Additives product line and Croda's Performance Technologies division were acquired by Cargill. After this purchase, Cargill will rename the Crodamide brand of slip and anti-blocking additives to Optislip.

Global Slip Additives Key Market Trends

  • The global slip additives market witnessed several key market trends. Increased demand for slip additives in packaging materials to enhance surface properties and ease of handling has been a prominent trend. Additionally, the growing application of slip additives in various industries, such as automotive, food packaging, and electronics, to reduce friction and improve surface quality has been driving market growth. Moreover, manufacturers' focus on developing eco-friendly and sustainable slip additives to align with environmental regulations and consumer preferences has gained significant traction. These trends collectively indicate a promising outlook for the global slip additives market.

Global Slip Additives Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global slip additives market is poised for a promising future due to various factors that are likely to drive its growth over the coming years. As the demand for lightweight and cost-effective packaging solutions continues to rise across diverse sectors, such as food and beverages, pharmaceuticals, and consumer goods, the demand for slip additives is expected to experience substantial growth. Moreover, the expanding e-commerce industry and the increasing need for efficient and sustainable packaging materials further contribute to the market's positive outlook.

Report Metric Details
Market size value in 2023 USD 234.03 million
Market size value in 2031 USD 351.70 million
Growth Rate 4.63%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • Fatty amides, waxes, and more
  • Application
    • Packaging, automotive, and consumer goods, among others
  • End use industry
    • Food packaging, pharmaceuticals, and electronics
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE (Germany)
  • Evonik Industries AG (Germany)
  • Afton Chemical Corporation (United States)
  • Emery Oleochemicals (Malaysia)
  • Munzing Corporation (United States)
  • Honeywell International Inc. (United States)
  • BYK Additives & Instruments (Germany)
  • Lonza Group Ltd. (Switzerland)
  • Momentive Performance Materials Inc. (United States)
  • AkzoNobel N.V. (Netherlands)
  • 3M (United States)
  • Nanotech Industrial Solutions (United States)
  • Techmer PM LLC (United States)
  • PCC Chemax Inc. (United States)
  • Fine Organics (India)
  • Ampacet Corporation (United States)
  • Zschimmer & Schwarz (Germany)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Slip Additives Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Slip Additives Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Slip Additives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Slip Additives Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Slip Additives Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Slip Additives Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Slip Additives Market size was valued at USD 234.03 million in 2021 and is poised to grow from USD 256.20 million in 2023 to USD 351.70 million by 2030, at a CAGR of 4.63 % during the forecast period (2023-2030).

The global slip additives market is characterized by intense competition among key players vying for market share. Established companies, bolstered by extensive research and development efforts, offer a wide range of high-performance slip additives to cater to diverse industry demands. Additionally, they focus on strategic partnerships, mergers, and acquisitions to expand their product portfolios and global presence. Meanwhile, emerging players with innovative formulations and cost-effective solutions pose a considerable challenge, driving established firms to maintain a robust competitive edge through product differentiation, technological advancements, and efficient distribution networks in this rapidly evolving market. 'Croda International PLC (United Kingdom)', 'Clariant AG (Switzerland)', 'Lubrizol Corporation (United States)', 'BASF SE (Germany)', 'Evonik Industries AG (Germany)', 'Afton Chemical Corporation (United States)', 'Emery Oleochemicals (Malaysia)', 'Munzing Corporation (United States)', 'Honeywell International Inc. (United States)', 'BYK Additives & Instruments (Germany)', 'Lonza Group Ltd. (Switzerland)', 'Momentive Performance Materials Inc. (United States)', 'AkzoNobel N.V. (Netherlands)', '3M (United States)', 'Nanotech Industrial Solutions (United States)', 'Techmer PM LLC (United States)', 'PCC Chemax Inc. (United States)', 'Fine Organics (India)', 'Ampacet Corporation (United States)', 'Zschimmer & Schwarz (Germany)'

The increasing demand for slip additives in various industries is a significant driver for the global slip additives market. Additionally, they enhance the slip properties of plastic films, ensuring smooth release characteristics and preventing blocking during storage or transportation. The growing application of slip additives in industries such as food packaging, pharmaceuticals, and consumer goods further contributes to market growth. Moreover, the development of innovative and eco-friendly slip additives with enhanced performance and sustainability also fuels market expansion.

The global slip additives market witnessed several key market trends. Increased demand for slip additives in packaging materials to enhance surface properties and ease of handling has been a prominent trend. Additionally, the growing application of slip additives in various industries, such as automotive, food packaging, and electronics, to reduce friction and improve surface quality has been driving market growth. Moreover, manufacturers' focus on developing eco-friendly and sustainable slip additives to align with environmental regulations and consumer preferences has gained significant traction. These trends collectively indicate a promising outlook for the global slip additives market.

In North America, slip additives were increasingly used in various industries, including packaging and automotive, driven by the expanding manufacturing sector.

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Global Slip Additives Market

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