The Anti-Slip Additives is a slow growth market which is yet to reach the half million USD mark. The Anti-Slip additives market is calculated to reach nearly USD 450 million considering all the drivers and the restraints to the global market.
Ampacet Corporation, a United States based market key player, has introduced a new additive technology of anti-slip material, which is used especially for the anti-slip surface for packaging applications which require an anti-slip surface, called AntiSkid. This new technology is fit for both visual & tactile appeal and optimum functionality.
Anti-Slip Additives Market Value and Growth:
The Global Anti-Slip Additives Market size was around USD 356 Million by revenue, at the end of 2018. It is anticipated to grow at a 4.78 % CAGR to reach close to USD 450 Million by 2023.
Anti-Slip Additives Market Drivers and Restraints:
The increasing trade opportunities due to the presence of busiest ports in regions like China and Hong Kong is the main driver to the global market for anti-slip additives. Also, the increasing trade activities and increased developments in in infrastructure for the shipping industry is another major driving factor to the global anti-slip additives market. However, the global market is concentrated in the Asia Pacific, due to the freight Tax norms in countries like India and China, restrains the global market expansion. Also, the environmental damage caused in the process of manufacturing anti-slip additives negatively impact on the global market growth unless an alternative is found.
Anti-Slip Additives Market Segmentation Analysis:
Based on the type of the additives the global market is segmented into Silica, Aluminium Oxide, Others. Of the mentioned types of additives, the global silica segment is projected to have the highest CAGR during the aforementioned forecast period due to the growing demand for highly durable, environment-friendly, and efficient products.
Based on the application of the additives the global market is categorized into Marine Deck, Construction Flooring, and Others. Among the mentioned applications the marine deck segment is expected to havethe highest growth rate during the forecast period between 2018 and 2023. The increase in the load carrying capacity of the containers and vehicles is the main reason for the innovation of newer and stronger marine decks hence this application is the fastest growing among all others.
Anti-Slip Additives Market Geographical Analysis:
By geography, the global market for anti-slip additives is segmented as Latin America, Europe, Asia Pacific, Middle-East & Africa, and North America. Asia had the largest 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 expected to have highest CAGR, over other regions, in the global market for Anti-Slip Additives during 2018 to 2023, due to the increasing demand for construction in growing industries and scope of future opportunities, mainly in developing countries like Japan, China, and India. Europe was second in lead in the global Anti-Slip Additives market in 2018 and is expected to continue in the same position by the end of 2023.
The North American market values and shares are calculated to be dominated by those in the Asia Pacific region. The low CAGR in the North American and European regions is mainly due to the regional dominance of Asia Pacific attributed to its cheap labor and resource availability, which results in the concentration 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 fewer chances for industry growth. Hence, the market for Anti-Slip Additives in these regions is slow growing in nature.
Anti-Slip Additives Market Key Market Players:
By the end of 2018 BYK Chemie GmbH (Germany), Vexcon Chemicals, Inc. (USA), PPG Industries, Inc. (the US), Caicos Colour Gmbh (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) are the leading shareholders of the Global Anti-Slip Additives Market. There is a constant competition between these companies based on the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.
Anti-Slip Additives Market Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Aluminium Oxide
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2.2 Construction Flooring
5.2.3 Marine Deck
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Application
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Application
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 BYK Chemie GmbH
8.3 Vexcon Chemicals, Inc.
8.4 PPG Industries, Inc.
8.5 Saicos Colour GmbH
8.6 Hempel A/S
8.7 Exterior Performance Coating, Inc.
8.8 Rust-Oleum Corporation
8.9 Associated Chemicals Ltd.
8.11 Byd Solutions Ltd
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures