Slip Additives Market Segmentation:
Petrochemical Segment Analysis
The olefin-based slip additives segment is projected to capture a 60% share of the global slip additives market by 2035, primarily due to their excellent compatibility with polyethylene, which is extensively utilized in the packaging and automotive sectors. Global commerce in propylene and other olefin polymers reached $3.1 billion in 2023, an 8.29% drop from $3.38 billion in 2022. Trade in this category has increased at an annualized rate of 0.35% throughout the last five years. Furthermore, the continuous regulatory emphasis on minimizing plastic waste promotes the adoption of slip additives that enhance recyclability, thereby propelling the olefin-based segments.
Specialty Chemicals Segment Analysis
The silicone-based slip additives segment is projected to capture a 24% share of the global slip additives market by 2035, providing outstanding surface modification and durability, and is favored in the electronics and pharmaceutical industries. According to the European Chemicals Agency (ECHA), the enforcement of stricter chemical safety regulations has driven progress in silicone chemistry, enabling the attainment of environmental compliance without compromising performance standards. This sub-segment gains from sustainability efforts that advocate for non-toxic, low-emission additives, thereby fostering growth in high-tech applications.
Industrial Gases Segment Analysis
The nitrogen-derived segment is projected to capture a 15% share of the global slip additives market by 2035, because they are used in a variety of applications, including the processing of polymers and coatings, and as packaging films, and their roles in improved oxidation stability, friction reduction, and the ability to successfully produce plastic on a large scale. Growing volumes of polyethylene and polypropylene for packaging have increased demand for nitrogen-derived slip additives, further solidifying the aforementioned position.
Our in-depth analysis of the slip additives market includes the following segments:
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