Slip Additives Market

Fine Organics (US) and PMC Biogenix (US) are the Major Player in the Slip Additives Market

The slip additives 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 major driver for the growth of the slip additives market is the growing demand for packaging films and sheets from the Asia Pacific region, owing to the rapid development of the food & beverage and consumer goods industries in the region.

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). These players have adopted various growth strategies, such as expansions and acquisitions to expand their presence and increase their shares in the slip additives market.

The growth of the slip additives market has been largely influenced by expansions and acquisitions that took place between 2014 and 2018. Companies, such as Fine Organics (India), Croda (UK), PMC Biogenix (US), Emery Oleochemicals (Malaysia), Lubrizol (US), Evonik (Germany), and BYK Additives (Germany) have adopted expansions and new product launches strategies to expand their regional presence and enhance their product offerings.

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Fine Organics (US) is one of the leading manufacturers of slip additives globally. The company has been focusing on expansions to maintain its leading position in the market. For example, in April 2016, the company commissioned a new polymer additives manufacturing site in Maharashtra, India. This new manufacturing facility is expected to supply its range of polymer additives to its growing customer base in India and globally. The facility has expanded capacities of its various polymer additives, including slip additives.

PMC Biogenix (US) is another major player in the slip additives market. The company has been focusing on expansions and acquisitions as part of its strategic development activities. In February 2017, the company expanded its production capacity of long-chain fatty acid intermediates in Memphis, TN to support its recent expansion in the production of fatty amide slip additives. In January 2014, the company signed an agreement with AkzoNobel (Netherlands) for the purchase of its primary amides chemicals business. This acquisition added to the company’s portfolio of specialty chemicals derived from renewable oleochemicals

Related Reports:

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

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Report Code
CH 6404
RI Published ON
6/28/2018
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