Slip Additives Market Size

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.

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 Size