Slip Additives Market size was valued at USD 291.27 million in 2023 and is poised to exceed USD 516.19 million by the end of 2036, expanding at over 4.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of slip additives is evaluated at USD 301.76 million.
The growth of the market can be attributed to the ongoing advancement in packaging industry backed by the growing food & beverage packaging industry. Slip additives are used to manufacture thin films and sheets in order to prevent friction between the films, and between the film and the machines, and get the desired properties in packaging material. Slip additives enhance the strength and durability of the films, and reduce handling problems. These also reduce a film’s resistance to sliding over itself or over the parts of converting equipment. Such features are estimated to boost the demand for slip additives amongst the manufacturers of packaging solutions.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.5% |
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Base Year Market Size (2023) |
USD 291.27 million |
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Forecast Year Market Size (2036) |
USD 516.19 million |
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Regional Scope |
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The global slip additives market is segmented by type into fatty acid amides, waxes, and others, out of which, the fatty acid amides segment is anticipated to hold the largest share in the market during the forecast period on account of its easy availability, lower coefficient of friction (COF), and affordable prices, as compared to waxes and other additives. These are excellent in reducing friction in thinner films, which is estimated to further boost the growth of the segment. On the basis of application, the packaging segment is estimated to hold the largest market share during the forecast period, owing to the increasing use of slip additives to improve the quality of packaging films, including polyolefins, polyethylene terephthalate (PET), and others.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By PPM Slip Content |
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By Carrier Resin
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By Application
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APAC Market Statistics
Regionally, the global slip additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is likely to dominate majority revenue share by 2036, on the back of increasing food packaging industry in the region, backed by rising economic development and growing population. Moreover, the changing lifestyle of the middle class is estimated to boost the market growth in the region.
North America Market Analysis
The market in the North America is anticipated to hold major share in the market during the forecast period, owing to the increasing demand for ready-to-eat food, convenience food, and processed & semi-processed food in countries, including, the U.S. and Canada, backed by increasing disposable income and busy lifestyle of the masses. Moreover, rising manufacturing industry, along with an export-oriented market in the region, is estimated to boost the demand for slip additives.
BYK-Chemie GmbH
Author Credits: Rajrani Baghel
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