Market Size of Slip Additives Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 322.34 kilotons |
| Market Volume (2029) | 387.67 kilotons |
| CAGR (2024 - 2029) | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Slip Additives Market Analysis
The Slip Additives Market size is estimated at 322.34 kilotons in 2024, and is expected to reach 387.67 kilotons by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).
The COVID-19 pandemic had a positive impact on the slip additives market. During the lockdown, the online sales of consumer goods, pharmaceuticals, food, and beverage products increased the demand for packaged products, thus creating a positive market outlook for slip additives. Post-COVID-19 pandemic, the market further registered a growth rate due to rising demand from packaging and non-packaging applications.
Increasing demand from the food and beverage packaging industry and the availability at low prices compared to substitutes are expected to drive the market for silicone coatings.
The stringent environmental regulations on the use of plastics are expected to hinder the market's growth.
The development of bio-based slip additives and the increasing demand for plastic films in medical applications are expected to create opportunities for the market during the forecast period.
The Asia-Pacific region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period due to rising demand for slip additives in packaging and non-packaging applications.
