Slip Additives Market Share

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.

Frequently Asked Questions (FAQ)

Growing demand for durable and cost-effective packaging solutions among various end-user industries is one of the major factors driving the market growth.

The market is anticipated to attain a substantial CAGR over the forecast period, i.e., 2021-2029.

Environmental concerns over the use of plastic for packaging is a major factor estimated to hamper the market growth.

The market in the Asia Pacific will provide the highest growth opportunities for the market during the forecast period owing to the presence of major food & beverages manufacturers in the region.

The major players in the market are Lonza Group Ltd., PMC Group, Inc., Croda International Plc, Ampacet Corporation, Palsgaard A/S, Thermo Fisher Scientific Inc., Purolite Corporation, Emery Oleochemicals, Evonik Industries AG and others.

Slip Additives Market Share