The Anti-Slip Additives is a moderate growth market which is yet to reach the half million USD mark. The Anti-Slip additives market is estimated to reach nearly USD 450 million considering all the drivers and the restraints to the global market. Ampacet Corporation, the United States based valuable market player, has launched a new additive technology of anti-slip material, which is used mainly for the anti-slip surface for packaging applications which require an anti-slip surface, called AntiSkid. This new technology is perfect for both visual & tactile appeal and optimum functionality. The Global Anti-Slip Additives Market size was around USD 356 Million by revenue, at the end of 2018. It is estimated to grow at a 4.78 % CAGR to reach close to USD 450 Million by 2023.
Market Drivers and Restraints:
The growing trade opportunities due to the presence of busiest ports in regions like China and Hong Kong is the key driver to the global market for anti-slip additives. Also, the increasing trade activities and elevated developments in infrastructure for the shipping industry is another crucial driving factor to the global anti-slip additives market. Nevertheless, the global market is concerted in the Asia Pacific, due to the consignment Tax regulations in countries like India and China, restrains the global market expansion. Also, the environmental harm caused in the process of producing anti-slip additives negatively influences on the global market growth unless a substitute is found.
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Report Segmented as:
· Aluminum Oxide
· Construction Flooring
· Marine Deck
Geographically, the global market for anti-slip additives is segregated into Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America. Asia had the most prominent market size in the global market for Anti-Slip Additives in the year 2018 due to the large customer base in this region. The Asia Pacific is estimated to have highest CAGR, over other regions, in the global market for Anti-Slip Additives during 2018 to 2023, due to the growing demand for construction in growing industries and scope of future opportunities, majorly in developing countries like Japan, China, and India. Europe was second in rule in the global Anti-Slip Additives market in 2018 and is projected to continue in the same position by the end of 2023. The North American market values and shares are estimated to be ruled by those in the Asia Pacific region. The low CAGR in the North American and European regions is majorly due to the regional supremacy of Asia Pacific attributed to its low-cost labor and resource availability, which results in the congregation of global in the Asia Pacific. The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have lesser chances for industry growth. Therefore, the market for Anti-Slip Additives in these regions is slow developing in nature.
Important Market Players:
The leading shareholders of the Global Anti-Slip Additives Market by the end of 2018 are BYK Chemie GmbH (Germany), Vexcon Chemicals, Inc. (the USA), PPG Industries, Inc. (the US), Caicos ColourGmbh (Germany), Hempel A/S (Denmark), Exterior Performance Coating, Inc. (USA), Rust-Oleum Corporation (US), Associated Chemicals Ltd (India), Jotun (Norway), Byd Solutions Ltd (UK), Coo-Var (UK), Fineotex Chemicals Ltd (India), Sika AG (Switzerland), and Axalta Coatings Systems (US). There is a continuous competition between these companies based on the pricing and quality of the product. They are presently focused on providing expansion strategies to improve their market value and position.
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