Slip Additives Market Trends, Volume - Industry Analysis, And Outlook 2023 - 2030.

Slip Additives Market is segmented by Type (Fatty Amides, Waxes & Polysiloxanes), Carrier Resin (LDPE, LLDPE, HDPE, PP), By Application (Packaging, and Non-Packaging), and Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Slip Additives Market Overview

A report by DataM Intelligence estimates the Global Slip Additives market to grow at a high CAGR Of 5.02% during the forecast period 2023- 2030. The competitive rivalry intensifies with Arkema SA, Evonik Industries AG., Croda International PLC, and others operating in the market.

Slip additives offer a low-cost solution to the problem of friction in polymers. Slip additives require deficient addition levels, typically 1000 ppm, slip additives are used to reduce friction and allow ease of polymer handling and processing.Slip additives can be incorporated directly into the polymer during the extrusion process. All plastic films have a tendency to adhere to metal surfaces & other film surfaces which acts as a limiting factor to high-speed processing applications such as packaging, handling of cinema, etc.The slip agents work by reducing the surface friction created between the two surfaces. The slip additive migrates to the surface as it cools, allowing a solid lubricating layer to form. The coating acts to lower the friction or adhesion between contacting surfaces.

Slip Additives Market Summary

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Slip Additives Market Dynamics

• Slip agents are necessary during various processes in the plastics Industry such as Sheet extrusion, Profile Extrusion, Blow Moulding, Injection Moulding, Blown film, Cast Film, BOPP, and BOPET. Slip additives are used extensively in the manufacture of polyolefin films.

• The use of slip additives has many benefits such as reduction in coefficient of friction of the surface, ease of polymer handling, and processing.

• These properties enable better processibility and reduce the risk of surface defects.

• Developing countries such as India, China, and Brazil are expected to drive the demand for slip additives due to the growing packaging industry caused by increasing demand from end-user industries such as food and beverage, medical, electronics, etc.

• The demand for plastic films in the medical industry is growing.

• Just like bioplastics, the demand for bio-based slip additives driven by environmental concerns is expected to gain traction during the forecast period.

Slip Additives Market Industry Segmentation Analysis

• Global Slip Additives Market is segmented by Type, carrier resin, and application. By Type, the slip additives market is segmented into Fatty Amides Waxes & Polysiloxanes. The fatty amides segment is further divided into Erucamide, Oleamide, Stearamide, and Other.

• The fatty amides segment is the largest in Slip Additives Market. Within the Fatty Amides segment Erucamide, Oleamide contributed to a significant share of the market. The fat amides segment will continue to be the considerable segment during the forecast period due to increasing use in Polyethylene film applications.

• By carrier resin, the market is segmented into LDPE, LLDPE, HDPE, PP, and Others (PET). LLDPE accounted for a significant share of the market since LLDPE is extensively used in the packaging industry owing to more flexibility, tensile strength, and conformability.

• Slip additives are used for LLDPE-based agricultural films, stretch films, lamination, heavy-duty sacks, personal care films, etc.

• By application, Slip Additives Market is segmented into the Packaging & Non-packaging segments. Slip additives are widely used for packaging applications.

• The packaging segment is further divided into Food & Beverage, Consumer Goods, Healthcare, and Others. Due to the growing food & beverage industry in Asia, demand for food packaging is rising rapidly in the region hence the Food & beverage segment is expected to be the fastest growing during the forecast period. In the Non-packaging part, Slip additives are commonly used in paints & coating.

Slip Additives Market Geographical Share

• By region, the Global Slip Additives market is segmented into North America, South America, Asia-pacific, Europe, and the Rest of the world.

• Asia-pacific accounted for a significant share of the market due to the enormous packaging industry. The packaging Industry in Asia especially in China, and India will continue to grow due to rising demand for Food, medical as well as electronics applications. Hence Asia-pacific is expected to be the fastest growing region during the forecast period.

Slip Additives Market Key Manufacturers

• Some of the notable players in the Global Slip Additives market are Fine Organics Industries, Lubrizol Corporation, Croda International PLC, PMC Biogenix, Inc., Evonik Industries AG, Arkema SA, Lonza Group, Ampacet Corporation, BASF, and now DuPont, Wacker Chemie AG, Emery Oleochemicals, and Honeywell International Inc.

• Major Companies in Slip additive market are introducing new products to serve the needs of manufacturers in the packaging industry.

• At Fakuma 2017, Dow Performance Silicones, a global business unit of DowDuPont Materials Sciences division, introduced a slip additive that provides a solution to common challenges in processing BOPP film for packaging production, surpassing standard organic slip agents regarding performance.