Global Slip Additives Industry by Type, Carrier Resin, Application and Region - Forecast to 2024

DUBLIN, Feb. 6, 2020 /PRNewswire/ -- The "Slip Additives Market by Type (Fatty Amides (Erucamide, Oleamide, Stearamide), Waxes & Polysiloxanes), Carrier Resin (LDPE, LLDPE, HDPE, PP), Application (Packaging, and Non-Packaging), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global slip additives market is projected to grow from USD 223 million in 2019 to USD 284 million by 2024, at a CAGR of 5% during the forecast period.

This report segments the market for slip additives on the basis of type, application, carrier resin, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, expansions and acquisitions associated with the market for slip additives.

Advancements in the packaging industry and increasing demand from emerging economies are expected to drive the slip additives market

The market is largely driven by the increasing demand from the packaging industry. Slip additives are added to reduce the coefficient of friction in the material and enhance the surface slip and polymer quality. These are widely used in polymers of films, sheets, caps, and closures that are used in packaging applications. They are also used in coatings and inks to improve surface slip properties during application.

The basic raw materials used for manufacturing slip agents are vegetable oil, animal fat, waxes, silicone, and other polymers. The growing need for organic additives is expected to propel the demand for fatty amides-based slip additives in the next few years. Fatty amides are extensively used in the manufacturing process of packaging materials.

The fatty amides segment is expected to be the fastest-growing type segment, in terms of value, between 2019 and 2024

The fatty amides segment is projected to register the highest growth, in terms of value, during the forecast period. These are the largest types of slip additives and are projected to continue dominating the market during the forecast period as well. Fatty amide-based slip additives find a wide range of applications in packaging film processing, which is expected to support market growth in the future.

The erucamide subsegment is projected to register the highest CAGR of 5.3%, in terms of value, between 2019 and 2024. The high compatibility of erucamide with different applications will propel the market for erucamide-based slip additives.

The packaging segment is projected to account for the largest share, in terms of value, of the overall slip additives market between 2019 and 2024

The packaging segment accounted for the largest share in the slip additives market, in terms of value and volume in 2018. Plastic packaging of food & beverage products reduces the possibility of product contamination and also protects the products from moisture and temperature. Its convenience and portability also lead to high demand for plastic in the packaging of food products. The primary functions of food & beverage packaging are to reduce food loss and increase the shelf life of food products.

One of the major transformations in the food & beverage industry is the reduction in the amount of packaging, mostly non-recyclable, to reduce packaging waste without compromising on the safety and hygiene of the food products. This results in the increasing demand for polyolefin plastic packaging films. These factors drive the packaging segment in the food & beverage industry, thereby impacting the slip additives market.

Increasing demand from the packaging industry is expected to drive the demand for slip additives in APAC 

APAC is the largest and the fastest-growing slip additives market. It is projected to register the highest CAGR during the forecast period and offer significant growth opportunities to the market players in the packaging and non-packaging segments. According to the World Bank, the two economic giants of the APAC region - China and Japan - were the world's second- and third-largest economies, respectively, in 2018.

APAC is the favourable region for foreign investments and has booming industrial sectors, largely due to low-cost labour, the ready availability of raw materials, an increase in the adoption of sophisticated technologies and innovations, and easy availability of inexpensive lands. Industrialization, growing middle-class population, rising disposable income, changing lifestyle, and the rising consumption of packed products are expected to drive the packaging industry, providing growth prospects to the slip additives market in the region.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Slip Additives Market
4.2 Slip Additives Market, By Region
4.3 Slip Additives Market in APAC, By Application and Country, 2018
4.4 Slip Additives Market, By Type
4.5 Slip Additives Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advancements in the Packaging Industry
5.2.1.2 Growing Demand From APAC
5.2.2 Restraints
5.2.2.1 Stringent Environmental and Government Regulations on the Use of Plastics
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Plastic Films in Medical Applications
5.2.3.2 Rapid Development of Bio-Based Slip Additives
5.2.4 Challenges
5.2.4.1 Volatility in Raw Material Prices
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Indicators
5.4.1 GDP Trends and Forecast of Major Economies
5.4.2 Trends and Forecast of Plastics Industry and Its Impact on the Slip Additives Market

6 Slip Additives Market, By Type
6.1 Introduction
6.2 Fatty Amides
6.2.1 Erucamide
6.2.1.1 Erucamide-Based Slip Additives Witnessed High Demand From the Packaging Application
6.2.2 Oleamide
6.2.2.1 APAC to Register A High Demand for Slip Additives Having the Ability to Migrate Rapidly
6.2.3 Stearamide
6.2.3.1 Superior Anti-Blocking Effect Driving the Demand for Stearamide -Based Slip Additives
6.2.4 Others
6.2.4.1 Behenamide
6.2.4.2 Secondary Amides
6.3 Waxes & Polysiloxanes
6.3.1 Montan Wax
6.3.1.1 Montan Wax is Expected to Gain Demand Owing to Its Relatively Lower Price in Comparison to Carnauba Wax
6.3.2 Carnauba Wax
6.3.2.1 Carnauba Wax Finds Wide Application in Coatings, Inks, Adhesives, and Performance Additives
6.4 Others

7 Slip Additives Market, By Carrier Resin
7.1 Introduction
7.2 PE
7.2.1 LDPE
7.2.1.1 Flexibility, Toughness, and Relative Transparency Resulting in High Demand for LDPE Films in Heat-Sealing Applications
7.2.2 LLDPE
7.2.2.1 LLDPE Witnessing High Demand in Polyethylene Films Manufacturing
7.2.3 HDPE
7.2.3.1 HDPE Widely Used in Food & Beverage, Consumer Goods, and Personal Care Packaging Applications
7.3 PP
7.3.1 PP Offers Excellent Low-Temperature Impact Strength, High Heat Deflection Temperature, and Rigidity
7.4 Others

8 Slip Additives Market, By Application
8.1 Introduction
8.2 Packaging
8.2.1 Food & Beverage
8.2.1.1 High Demand for Polyolefin Plastic Packaging Films in the Food & Beverage Industry to Drive the Slip Additives Market
8.2.2 Consumer Goods
8.2.2.1 Increasing Need for Ease in the Processing of Plastic Films During Packaging to Drive the Demand for Slip Additives
8.2.3 Healthcare
8.2.3.1 Slip Additives Provide Better Seal Strength to Plastic Packaging Materials
8.2.4 Others
8.3 Non-Packaging
8.3.1 Better Processing Due to the Non-Sticking Property Driving the Demand for Slip Additives in the Segment

9 Slip Additives Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 APAC
9.5 Middle East & Africa
9.6 South America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping, 2018
10.2.1 Terminology/Nomenclature
10.2.1.1 Visionary Leaders
10.2.1.2 Innovators
10.2.1.3 Dynamic Differentiators
10.2.2 Strength of Product Portfolio, 2018
10.2.3 Business Strategy Excellence, 2018
10.3 Competitive Leadership Mapping (Small and Medium-Sized Enterprises)
10.3.1 Terminology/Nomenclature
10.3.1.1 Progressive Companies
10.3.1.2 Starting Blocks
10.3.1.3 Responsive Companies
10.3.2 Strength of Product Portfolio, 2018
10.3.3 Business Strategy Excellence, 2018
10.4 Market Ranking
10.5 Competitive Scenario
10.5.1 Expansion
10.5.2 Acquisition

11 Company Profiles
11.1 Fine Organics Industries
11.2 Croda International PLC
11.3 PMC Biogenix, Inc.
11.4 Lubrizol Corporation
11.5 BASF SE
11.6 Emery Oleochemicals Group
11.7 Honeywell International Inc.
11.8 Evonik Industries AG
11.9 BYK Additives & Instruments
11.10 Lonza Group
11.11 Other Market Players
11.11.1 Wacker Chemie AG
11.11.2 Abril Industrial Waxes Ltd.
11.11.3 PCC Chemax, Inc.
11.11.4 Arkema S.A.
11.11.5 Akrochem Corporation
11.11.6 Ferro Corporation
11.11.7 Faci S.p.A.
11.11.8 Michelman, Inc.
11.11.9 Munzing Chemie GmbH
11.11.10 Struktol Company of America, LLC
11.11.11 Palsgaard
11.11.12 Plastics Color Corporation
11.11.13 Italmatch Chemicals S.P.A.
11.11.14 ADD Additives B.V.
11.11.15 Silicona GmbH

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