DUBLIN, Sept. 13, 2018 /PRNewswire/ --
The "Anti-Slip Additives Market by Type (Aluminium Oxide, Silica, Others (Polymer Grits/Beads, Pulverized Plastic, Crushed Glass)), Application (Construction Flooring, Marine Deck), and Region (APAC, Europe, North America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global anti-slip additives market is estimated to be USD 355.1 million in 2018 and is projected to reach USD 444.7 million by 2023, at a CAGR of 4.6% from 2018 to 2023.
Increasing population and rapid urbanization are expected to drive the growth of the global anti-slip additives market.
Based on type, the global anti-slip additives market has been segmented into aluminum oxide, silica, and others. The silica segment is projected to grow at the highest CAGR during the forecast period due to the growing demand for highly efficient, durable, and environment-friendly products.
Based on application, the global anti-slip additives market has been segmented into construction flooring, marine deck, and others. The marine deck segment is projected to grow at the highest CAGR during the forecast period. This is due to the increasing size and load carrying capacity of vessels, which has led to rising trade volumes with focus on developing more durable and sturdier marine crafts. The rise in trade is leading to the need to ensure implementation of safety measures to hold the cargo and people onboard the ship. This is subsequently leading to the use of marine deck coatings to ensure safety and reducing hazards.
Based on region, the global anti-slip additives market has been segmented into APAC, Europe, North America, Middle East & Africa, and South America. APAC was the largest market for anti-slip additives in 2017 and is projected to lead the global anti-slip additives market during the forecast period. The APAC anti-slip additives market is driven mainly by the presence of the world's busiest ports in countries such as China, Singapore, and Hong Kong.
Increasing trade activities and rising infrastructural developments in the shipping industry (in the form of growing network of ports) are primarily responsible for the high demand for anti-slip additives in the region. The dominance of APAC is also due to the relaxed freight tax norms by the governments of India and China. Moreover, increasing strategic expansion activities by manufacturing companies in the region are also driving the anti-slip additives market.
The major factor restraining the growth of the global anti-slip additives market is the presence of stringent environmental regulations pertaining to toxic VOC emissions.
Some of the key players operating in the global anti-slip additives market include BYK Chemie GmbH (Germany), PPG Industries, Inc. (US), Hempel A/S (Denmark), and Rust-Oleum Corporation (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Growth Opportunities in the Anti-slip Additives Market
4.2 Anti-slip Additives Market, By Type, 2018-2023
4.3 APAC Anti-slip Additives Market Share, By Country and Type, 2017
4.4 Anti-slip Additives Market, By Region
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Rise in Population and Rapid Urbanization
184.108.40.206 Rapid Industrialization
220.127.116.11 Increasing Demand for Environmentally Friendly Products
18.104.22.168 Stringent Environment Regulations
22.214.171.124 the Rapidly Growing Construction Industry
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Industrial Growth & Outlook
5.4.1 GDP Forecast of Major Economies
5.4.2 Shipping Industry
6 Anti-slip Additive Market, By Type
6.2 Aluminum Oxide
7 Anti-slip Additive Market, By Application
7.2 Construction Flooring
7.3 Marine Deck
8 Anti-slip Additives Market, By Region
9 Competitive Landscape
9.2 Market Ranking of Key Players
9.2.1 Market Ranking of Major Players
9.3 Competitive Situation and Trends
9.3.2 New Product Launch
10 Company Profiles
- Associated Chemicals
- Axalta Coating Systems Ltd.
- Byd Solutions Ltd. (UK)
- BYK-Chemie GmbH
- Cyndan Chemicals (Australia)
- Eco Safety Products (US)
- Exterior Performance Coatings, Inc
- Fineotex Chemicals Limited (India)
- Firwood Paints Ltd. (UK)
- Hempel A/S
- Jotun South Africa (Pty) Ltd. (Cape Town)
- Perk Products & Chemical Company (US)
- PPG Industries, Inc.
- Promain UK Limited (England)
- Rust-Oleum Corporation
- Saicos Color GmbH
- Sika AG (Switzerland)
- The Sherwin-Williams Company (US)
- Vexcon Chemicals
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SOURCE Research and Markets