PUNE, India, June 27, 2018 /PRNewswire/ --
According to a new market research report "Slip Additives Market by Type (Fatty Amides (Erucamide, Oleamide, Stearamide), Waxes & Polysiloxanes), Carrier Resin (LDPE, LLDPE, HDPE, PP), Application (Packaging, and Non-Packaging), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is projected to grow from USD 212.4 million in 2018 to USD 270.1 million by 2023, at a CAGR of 4.9% during the forecast period. The increasing demand for flexible packaging from the food & beverage industry in emerging economies, such as China, India, and Brazil is expected to fuel the growth of the Slip Additives Market across the globe.
Browse 78 market data Tables and 34 Figures spread through 119 Pages and in-depth TOC on "Slip Additives Market"
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Among types, the fatty amides segment of the Slip Additives Market is projected to grow at the highest CAGR during the forecast period, in terms of value
Among types, the fatty amides segment of the Slip Additives Market is projected to grow at the highest CAGR from 2018 to 2023, in terms of value. The fatty amides segment includes erucamide, oleamide, stearamide, and others (behenamide and secondary amides). Fatty amides slip additives are versatile and environment-friendly. The growth in the need for organic additives is expected to propel the market for fatty amides-based slip additives during the next few years.
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Among carrier resins, the LLDPE segment of the Slip Additives Market is projected to account for the largest share of the Slip Additives Market by 2023, in terms of value
Among carrier resins, the LLDPE segment of the Slip Additives Market is estimated to account for the largest share by 2023, in terms of value. LLDPE films are mainly preferred in heat sealing applications in the packaging industry, owing to their flexibility, toughness, and relative transparency properties, which in turn is expected to increase the demand for slip additives.
Among applications, the packaging segment is projected to grow at the highest CAGR during the forecast period, in terms of value
Based on application, the packaging segment is projected to grow at the highest CAGR between 2018 and 2023, in terms of value. The demand for slip additives in the packaging segment is expected to increase with the growing food & beverage industry. Changing lifestyles and increasing working-class populations in emerging economies are driving the market for on-the-go packaging products, such as stick packs and film wraps, which, in turn, has fueled the demand for slip additives in the packaging application.
The Asia Pacific Slip Additives Market is estimated to account for the largest share in the Slip Additives Market during the forecast period, in terms of value
The Slip Additives Market has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific Slip Additives Market is estimated to account for the largest share and is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of the Slip Additives Market in the Asia Pacific region can be attributed to the increasing demand for slip additives from various countries, such as China, India, and South Korea. Countries of the Asia Pacific region have witnessed increasing demand for packaging in the food & beverage and healthcare industries, which, in turn, is expected to lead to the growth of the Asia Pacific Slip Additives Market.
Key players operating in the Slip Additives Market include Fine Organics (India), Croda (UK), PMC Biogenix (US), Lubrizol (US), Afton (US), BASF (Germany), Emery Oleochemicals (Malaysia), Honeywell (US), Evonik (Germany), BYK Additives (Germany), and Lonza (Switzerland).
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