NEW YORK, May 17, 2021 /PRNewswire/ -- Anti-block additives are used in various types of plastic films to inhibit stickiness in between two polymer films. These anti-block additives are used in various polymers such as LDPE, LLDPE, HDPE, PVC, and BOPP films. These additives provide anti-blocking properties and enable the easy processing of packaging. Measures to prevent film sheets from sticking together are called anti-blocking measures. Anti-block additives can be mixed with plastics to avoid undesired adhesion, and thus, decrease the blocking force between two film layers throughout the unwinding.
Globally, demand for anti-block additives is growing at a significant rate, driven by increasing application in various end-use industries across the globe. However, packaging is one of the important applications of anti-block additives. Countries such as China, India, and Vietnam have been listed as strong growth centers in the packaging industry, and are expected to drive consumption of anti-block additives over the forecast period.
As per Persistence Market Research's analysis, the global anti-block additive market is projected to reach a market value of more than US$ 1.4 Bn by 2031, expanding at a CAGR of over 5% during the forecast period of 2021-2031.
Key Takeaways from Market Study
- In terms of regional growth, the market in Asia Pacific is projected to grow at a significant rate during the forecast period. Increasing agricultural output from this region is expected to escalate demand for food packaging, which will drive demand for anti-block additives.
- Rising demand for anti-block additives from the packaging Industry is expected over the coming years.
- Increasing demand from the agriculture industry is expected to further demand growth for anti-block additives.
- The markets in India and China are expected to surge at around 6% CAGR each through 2031, while that in the U.S. at 5%.
- In 2020, as a result of the COVID-19 outbreak, the market witnessed a growth rate of -0.4%.
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"Owing to the COVID-19 pandemic, key players across the globe reduced their production capacity utilization to around 55%, due to non-availability of raw material, delays in port clearances, and limited availability of transportation," says a Persistence Market Research analyst.
Competitive Landscape
The global anti-block additive market has been identified as a significantly fragmented market, with various small- and medium-scale players in this space, along with large international players. Some leading players included in the report, such as BASF SE, The Dow Chemical Company, Arkema S.A., Honeywell International Inc., W R Grace, ExxonMobil Corporation, Mitsui Chemicals, Inc., Evonik Industries AG, BYK, Croda International Plc, Ampacet Corporation, SABIC, and Astra Polymers, are anticipated to create tough a competitive environment at the global level.
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Conclusion
The global market is anticipated to grow substantially owing to rising demand from chemical industries. Increasing use of anti-block additives is being witnessed in end-user applications such as packaging and non-packaging industries. Sales of anti-block additives are also estimated to rise owing to increasing demand from semiconductor industries over the coming years.
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More Valuable Insights
Persistence Market Research, a research and consulting firm, has published a market research report on the anti-block additive market that contains global industry analysis of 2016-2020 and opportunity assessment for 2021-2031. The report provides in-depth analysis of the market through different segments, namely, product type, polymer, application, and region. The report also provides supply and demand trends, along with an overview of the parent market.
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