Anti-Slip Additives Market Insights, Trends & Growth Outlook 2022-2029

SKU: DM1995 | Last Updated On: Dec 20 2022 | Available Formats

> Global Anti-Slip Additives Market Expected to reach a high CAGR of 4.4% By 2029 | DataM Intelligence

Global Anti-Slip Additives Market is segmented By Type (Aluminum Oxide, Silica, Others), By Application (Construction Flooring, Marine Deck, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Anti-Slip Additives Market Share, Size, Demand Insights 

The Global "Anti-Slip Additives Market" is expected to grow at a CAGR of 4.4% during the forecasting period (2022-2029).

Anti Slip Additive is an easy-to-use powder additive that can be mixed into floor coatings to provide a non-slip finish. The powder is made up of recycled glass that is tumbled to remove any sharp edges. Anti-Slip Additive will help improve the grip on a painted surface when it becomes wet thereby providing a safe non-slip surface.

Anti-Slip Additives Market is segmented by type, application, and geography. By type, the market is segmented into aluminum oxide, silica, and others. By application, the market is further segmented by Construction Flooring, Marine Deck, And Others. Whereas by geography the market is divided into North America, South America, Europe, Asia Pacific, and the Rest of the World.

The growth of the anti-slip additives market can be attributed to the development of civic infrastructure across the geographies. Large amounts of the population are moving to urban areas for employment and better standards of living. Therefore, as a result of globalization, the construction of infrastructure has increased drastically. This has created a demand for ingredients and additives that are used to make the flooring or other infrastructure more consumer friendly. As a consequence, there is an upsurge in the demand for anti-slip additives from engineers and builders in the construction industry.

Anti-Slip Additives Market Scope and Summary

Metrics

Details

Market CAGR

4.4%

Segments Covered

By Type, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Anti-Slip Additives Market Dynamics and Trends

The global anti-slip additives market is anticipated to witness significant growth with the range of building constructions, renovation, and refurbishing activities in fast-growing economies such as China, India, and Southeast Asia.

The construction industry in India is in full swing, some of the projects include the development of the Pallava industrial township worth USD 4.18 bn, the Construction of EWS, LIG, and MIG houses, and the development of infrastructure work under PMAY Package C in Jabalpur worth USD 1.78 bn, Construction of EWS, LIG and MIG houses and the result of infrastructure work under PMAY Package A worth USD 1.76 bn are a few projects. 

When comes to the South East region rolling out its 2016-2020 infrastructure plan, Thailand is set to benefit from the stability of the current government along with the public and private sectors. The country is likely to witness an increase in its infrastructure spending over the medium term.

Vietnam plans to increase urbanization from its current 27% to 45.2% by 2020 with increased spending on infrastructure projects through foreign and private investment. The country is taking help from public-private partnerships to maintain its manufacturing hub status in the region.

Indonesia is likely to spend heavily on infrastructure till 2025. The spending matches the government spending of nearly 7% per year, and many infrastructure-related firms in the country are said to have received capital from the government. This trend comes with the Indonesian jurisdiction protecting local suppliers, especially because it comes under an earthquake-affected zone, where local survival is important.

Therefore the range of construction activity and scope for new construction projects in the region is set to drive the anti-slip additives market.                                                      

Anti-Slip Additives Market segmentation Analysis and Shares Analysis

Based on type, the anti-slip additives market is classified into aluminum oxide, silica and others. Currently, aluminum oxide is the dominant anti-slip additive type segment and it accounts for approximately XX% of the market. aluminum silica is a tough mineral used for maximum anti-slip protection that lasts for a long period.  the dominant coating type.

Silica-based anti-slip additives are used to provide increased slip resistance to epoxy, polyurea, and polyaspartic floor coating systems and improve provide safety on step treads, ramps, and areas that are slippery when wet. Silica can provide a low-cost option to projects that require protection against a wet slippery surface.

This additive type is a heavier additive that is typically broadcast into the topcoat while wet. Silica is more visible and harder to clean than the SSR-20. Silica-type anti-slip additive finds application in commercial and industrial building flooring applications. 

Application segment Analysis

Based on application, the anti-slip additives market is classified into construction flooring, marine deck, and others. currently, construction flooring is the dominant segment and it accounts for approximately XX% of the market.

The growth of the anti-slip additives market can be attributed to the development of civic infrastructure across the geographies. Large amounts of the population are moving to urban areas for employment and better standards of living. Therefore, as a result of globalization, the construction of infrastructure has increased drastically. This has created a demand for ingredients and additives that are used to make the flooring or other infrastructure more consumer friendly. As a consequence, there is an upsurge in the demand for anti-slip additives from engineers and builders in the construction industry.

Besides growing demand from the construction industry, the anti-slip additives market growth is also driven by the increasing demand from the paints and coating industry which uses anti-slip additives for the addition of texture and traction to the paints and coatings.  The paints and coatings industry is growing at a global level because of increasing demand from industries such as automotive and this growth is expected to directly impact the growth of the anti-slip additives market and hence, drive the market.

Anti-Slip Additives Market Geographical Analysis

The Asia Pacific anti-slip additives market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific region is expected to grow with a high CAGR during the forecast period owing to the range of construction activity in this region.  

Due to the rapid urbanization in the region and this trend is projected to continue in coming years and thereby bring unprecedented demographic, economic, and social shifts.

Urban development in the region will have an important positive impact on the anti-slip additive industry. For instance one of the fast-growing economies in the region such as India has witnessed immense demand for commercial space such as office spaces, hotels, retail, and entertainment units. Annual absorption of office space in India crossed 42 mn sq ft in 2017.

Furthermore, new construction activities, housing projects, and airport development projects in the region are expected to drive the demand for anti-slip additives to demand in the Asia Pacific countries.      

 

Airport

Country

Construction cost

(USD Bn)

Anticipated conclusion year

Existing or new airport

Beijing Daxing

China

13.8

2019

New

Chengdu

China

12

2019

New

Chongqing

China

4.7

2019

Existing

Dalian

China

4.3

2018/2019

New

Guangzhou

China

7.2

2020

Existing

Qingdao

China

6.9

2019

New

Guiyang

China

3

2018/2019

Existing

Haikou Meilan

China

2

2019

Existing

Lanzhou

China

2.6

2018/2019

Existing

Shanghai Pudong

China

3.24

2019

Existing

Hohhot

China

3

20191

New

Xiamen Xiangan

China

2.1

2018/2019

New

Bangalore

    
India

2

2021

Existing

Navi Mumbai

    
India

2.3

2021

New

Mumbai

India

2.9

2018/2019

Existing

Greater Delhi Jewar/ Noida

    
India

3.1

2021

New

Pune

India

2.1

2020

New

Clark International

Philippines

3.7

2020

Existing

Manila (Ninoy Aquino)

    
Philippines

2

2019

Existing

Bangkok Suvarnabhumi

    
Thailand

2.42

2020

Existing

Hanoi Noi Baht

Vietnam

5.5

2020

Existing

Source: CAPA - Center for Aviation

Anti-Slip Additives Companies and Competitive Analysis:

Some of the major players in the global anti-slip additives market include BYK Chemie GmbH, PPG Industries, Inc, Hempel A/S, Rust-Oleum Corporation, PPG Industries, Inc, Vexcon Chemicals, Inc., SAICOS Colour GmbH, Exterior Performance Coating, Associated Chemical, Axalta Coatings Ltd.

The anti-slip additives market is a moderately consolidated market with major players in the market. Key players in the market are implementing mergers and acquisitions, product launches, and expansions strategy to improve the market share.

 

Frequently Asked Questions

What is the Projected CAGR value of the Anti-Slip Additives Market?

The Anti-Slip Additives Market is expected to grow at a CAGR of 4.4% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Anti-Slip Additives Market during 2022-2029

Which is the fastest-growing region in the Anti-Slip Additives Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

 

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