Rapid urbanization and industrialization that acts as an engine for industry expansion

The Anti-Slip Additives industry was valued at USD 340.7 million in 2020 and is predicted to reach USD 444.9 million in 2025, with a CAGR of 4.3% during the foreseen period. Escalating population and rapid urbanization are predicted to drive expansion in the worldwide industry for anti-slip additives. Anti-slip additives are chemical modifiers that reduce the coefficient of friction between surfaces. These additives also help maintain the integrity of the surfaces and also help improve the characteristics of the products. These additives are added to various plastics in the production process to reduce friction in the final product. Anti-skid additives, when added to coatings, improve the slip resistance of coatings and can be applied to a variety of substrates including wood, metal, fiberglass, and concrete. These coatings added with anti-slip additives are applicable to different fields among which industrial floor coatings are leading in the application.

Market drivers and restraints:

Rapid urbanization and industrialization that acts as an engine for industry expansion. The concerns and awareness driving the call for green products are also predicted to serve as the driving force for industry expansion. The presence of strict regulations regarding the use of specific products and their applications is predicted to limit industry expansion. Escalating applications in industrial soils and escalating call from the marine industry are driving the expansion of the industry. Strict environmental regulations and other restrictions are predicted to hamper the expansion of the studied industry. Strict government regulations to maintain industrial safety increase the application of anti-slip additives to coatings in industries. The growing urban population is continually escalating the call for advanced coatings and flooring solutions, which in turn drives the call for anti-slip additives that can be mixed with the flooring to provide a non-slip finish. Another important factor in the worldwide industry for anti-slip additives is the great call in the marine industry.

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Report segmented as:

  • By type:
    • Aluminium oxide
    • Silica
    • Others
  • By application:
    • Construction flooring
    • Marine deck

Geographical analysis:

APAC was the largest industry for anti-slip additives in 2017 and is predicted to dominate the worldwide industry for anti-slip additives during the foreseen period. Escalated business activities and escalated infrastructure developments in the shipping industry (in the form of a growing network of ports) are primarily responsible for the high call for anti-slip additives in the region. APAC's dominance is also due to the governments of India and China relaxing transport tax standards. In addition, escalated strategic expansion activities by manufacturing companies in the region is also boosting the industry for anti-slip additives. In terms of region, North America is estimated to have the largest industry share during the foreseen period. The United States and Canada are among the top industrys in North America due to escalating regulation of end-use industries for the discharge of wastewater, creating call for ZLD systems and ultimately tubular membranes. Escalating call from the energy and energy and chemicals and petrochemicals sectors is predicted to drive call in this region. Europe has a significant share of the world industry for anti-slip additives due to escalated investments in port infrastructure in the region. The APAC region will experience the fastest growing regional industry during the foreseen period. This expansion is mainly attributed to the increase in the number of residential and commercial buildings and escalated investment in port and road infrastructure in countries such as India and China.

Important market players:

Few of the major competitors currently working in the anti-slip additives market are ALTANA, PPG Industries Inc., Hempel Group, Rust-Oleum, Vexcon Chemicals, SAICOS COLOUR GmbH, EXTERIOR PERFORMANCE COATINGS, Associated Chemical, Axalta Coating Systems, FCL, Promain UK Limited, Sika AG, Perk Products, BYD Solutions, Cyndan Chemicals, Jotun, Firwood Paints Ltd., Eco Safety Products, and The Sherwin-Williams Company.

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https://www.marketdataforecast.com/market-reports/anti-slip-additives-market

The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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