The global anti-slip additives market is estimated to reach USD 560.8 Million by 2028. Anti-slip additives are the altering agents that decrease the coefficient of friction between surfaces. These additives also help to preserve the integrity of the surfaces and also help improve the features of the products. In the manufacturing process, these additives are applied to different plastics to reduce the friction in the end-product. The requirement in growing nations and expansion in organized retail areas created expansion opportunities for the anti-slip additives market. The rising consumption of anti-slip additives due to escalation call for eco-friendly goods is a key factor driving the expansion of the worldwide anti-slip additives market.
Increased demand in the marine industry, rising demand for industrialization, global population growth, rapid industrialization and globalization, increased investment rates in the construction industry, increased productivity due to increased eco-demand, higher interest rates human waste are some of the major and most important factors that are likely to accelerate the growth of the anti-slip additives market over the period. On the other hand, the expansion of strategic expansion projects by manufacturing companies, as well as the increasing demand for the industry will continue to contribute to creating greater opportunities that will lead to the growth of the anti-slip additive market over the period set out above. The increase in the number of strict environmental laws and the growing tendency to using wood instead of using tiles that may serve as market barriers to the growth of anti-slip additives in the construction segment
The major players operating in the global anti-slip additives market include but are not limited to Altana, PPG Industries Inc., Hempel A/S, Rust-Oleum, Vexcon Chemicals, SAICOS COLOUR GmbH, EXTERIOR PERFORMANCE COATINGS, Associated Chemical, Axalta Coating Systems, LLC, FCL, Promain UK Limited, Sika Services AG, Perk Products, BYD Solutions Ltd, CYNDAN Chemicals, Jotun, Firwood Paints Ltd., Eco Safety Products, The Sherwin-Williams Company, Coo-Var, and others.
Anti-Slip Additives Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 560.8 Million|
|Growth Rate||CAGR of 4.4% during 2021-2028|
|Segment Covered||Type, Additive Nature, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Key Players Profiled||Altana, PPG Industries Inc, Hempel A/S, Rust-Oleum, Vexcon Chemicals, SAICOS COLOUR GmbH, EXTERIOR PERFORMANCE COATINGS, Associated Chemical, Axalta Coating Systems, LLC, FCL, Promain UK Limited, Sika Services AG, Perk Products, BYD Solutions Ltd, CYNDAN Chemicals, Jotun, Firwood Paints Ltd., Eco Safety Products, The Sherwin-Williams Company, Coo-Var, and others|
Key Segments of the Global Anti-slip additives Market
Type Overview, 2018-2028 (USD Million)
- Aluminum oxide
- Other Additive Types
Additive Nature Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
- Industrial Flooring
- Other Applications
- Buildings and Construction
Regional Overview, 2018-2028 (USD Million)
- North America
- The U.S.
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- Growing geriatric population, and their need for shelter leading to construction and building leading to the demand for anti-slip additive products.
- Favorable government policies to boost cement consumption in real estate especially in developing regions such as the Asia Pacific and China
What does the report include?
- The study on the global anti-slip additives market includes qualitative insights such as drivers, restraints, challenges, and opportunities
- Additionally, the market has been evaluated using Porter’s five forces analysis
- The study covers a qualitative and quantitative analysis of the market segmented based on application, type, additive nature, and application. Moreover, the study on the anti-slip market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global anti-slip additives market is suitable for all the players across the value chain including component and raw material providers, manufacturers, distributors, and other intermediaries across the value chain
- Venture capitalists and investors looking for more information on the future outlook of the global anti-slip additives market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global anti-slip additives market
The growth of the anti-slip additives market is attributed to the development of public infrastructure across geographies. Large numbers of people are moving to urban areas in search of work and a better standard of living. As a result of urbanization, infrastructure has grown exponentially. This has created a demand for ingredients and additives that are used to make the floor or other infrastructure easier for consumers. As a result, there is an increasing demand for additives to combat slipperiness for engineers and builders in the construction industry.
In addition to the growing demand from the construction industry, the growth of the anti-slip adhesive market is also driven by the growing demand from the paint and coating industry using anti-slip additives to add texture and texture to paint and textiles. The paint and clothing industry is growing at a global level due to increasing demand from industries such as automobiles and this growth is expected to have a direct impact on the growth of the anti-slip additive market and hence the market continues.
Based on application, the global anti-slip additives market is segmented into aluminum oxide, silica, and others. The marine sector is anticipated to witness the highest CAGR in the forecasted period owing to the increasing load-carrying activities and increasing trade carrying volumes. The increase in trade is resulting in the requirement to make sure the application of safety measures to hold the cargo and individual on board the ship.
Asia-Pacific region is expected to dominate the market for anti-slip additives during the forecast period. In countries, like China, India, and Japan, because of growing industrial safety, the demand for anti-slip additives has been increasing in the region. The largest producers of anti-slip additives are located in the Asia-Pacific region. Some of the leading companies in the production of anti-slip additives are Hempel A/S, BYK(ALTANA), Axalta Coating Systems, Jotun, and Rust-Oleum. The usage of anti-slip additives is more dominant in manufacturing industries, like building and construction, industrial flooring, marine, and other industries. In the marine industry, these anti-slip additives added coatings are applied on floors, decks of ships, and boats to increase slip resistance. According to the Ship Builders Association of Japan, the gross tonnage of ship size covered 14,354 by end of June 2018, which were 15,097 tonnages by the end of December 2018 creating growth in the market of anti-slip additives. The Chinese government has rolled out massive construction plans, including making provisions for 250 million people in its new megacities, over the next ten years, creating scope for the application of anti-slip additives to coatings in its construction activity over the coming years. These anti-slip additives added coatings can be used on wet areas, dry areas, clean room areas, and other workspaces as a safety measure in industries. The aforementioned factors, coupled with government support, are contributing to the increasing demand for the anti-slip additives market during the forecast period.