-- Market Synopsis
Slip Additives are used in polymer films to reduce the coefficient of friction (COF) and enhance either processing, performance in fabrication or downstream packaging equipment, or the end-use performance of polymers. These additives alter the properties and performance of polymers by migrating to the surface of the polyolefin films and reducing the COF. The effectiveness of Slip Additives is normally determined by the COF they allow.
Slip Additives also reduce film-to-film and film-to-metal surface friction, offering resistance to interference in the downstream process, and provide thermal stability, thereby, minimizing adhesion, aiding separation, improving efficiency, and reducing processing costs. These characteristics have led to the use of Slip Additives in plastics and polymer manufacturing.
The Global Slip Additives Market has been segmented, by type, into fatty amides and waxes and polysiloxanes. The fatty amides segment has been further divided into erucamide, oleamide, stearamide, and behenamide. The segment dominated the Global Slip Additives Market, by type, in 2017 and is expected to be the fastest-growing market during the forecast period. This growth can be attributed to the wide application scope of fatty amides Slip Additives and excellent results in packaging and films. Based on carrier resin, the Global Slip Additives Market has been segregated into LDPE, LLDPE, HDPE, and PP. The LLDPE segment held the largest market share in 2017.
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The packaging industry is highly dependent on the use of plastics. The growing awareness of eco-friendly plastic additives and high-quality, high-performance safe plastic packaging is expected to drive the growth of the Global Slip Additives Market. Additionally, the demand for packaging films in automotive, food & beverage packaging, healthcare equipment, and consumer goods packaging applications is expected to drive market growth during the forecast period.
Competitive Analysis:
Fine Organics (India), Croda International PLC (UK), PMC Group Inc. (US), the Lubrizol Corporation (US), Afron (US), BASF SE (Germany), Emery Oleochemicals (Malaysia), Honeywell International Inc. (US), Evonik Industries AG (Germany), Altana (Germany), and Lonza (Switzerland) are some of the major players in the Global Slip Additives Market.
Market Segmentation
The Global Slip Additives Market has been segmented based on Type, Carrier Resin, Application, and Region.
Based on Type, the Global Slip Additives Market has been split into the fatty amides and waxes and polysilioxanes segments. The fatty amides segment has been further divided into erucamide, oleamide, stearamide, and behenamide.
The Global Slip Additives Market has been segregated into LDPE, LLDPE, HDPE, and PP, based on the carrier resin.
By Application, the Global Slip Additives Market has been classified as packaging and non-packaging.
Regional Analysis
The market in Asia-Pacific is expected to the largest and fastest-growing slip additives market during the forecast period owing to rapid industrialization and the growth of the food & beverage industry in the region. The North American and European markets are expected to grow at significant rates in the coming years owing to the growing demand for organic slip agents in the consumer goods and healthcare industries. Moreover, rapid industrialization in Latin America has resulted in the rising demand for slip additives. Hence, the regional market is projected to showcase steady growth in the near future. However, the market in the Middle East & Africa is expected to grow at a slow rate during the forecast period.
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