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The anti-block additives market share is expected to increase by USD 417.84 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.13%.
This anti-block additives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers anti-block additives market segmentations by product (inorganic and organic), material (LLDPE, HDPE, LDPE, BOPP, and others), and geography (APAC, North America, Europe, MEA, and South America). The anti-block additives market report also offers information on several market vendors, including ALTANA AG, Croda International Plc, Elementis Plc, Evonik Industries AG, Honeywell International Inc., LyondellBasell Industries NV, Minerals Technologies Inc., Momentive Performance Materials Inc., Quarzwerke GmbH, and W. R. Grace and Co. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The inclination toward the adoption of advanced technology is notably driving the anti-block additives market growth, although factors such as presence of alternatives like biofilms may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the anti-block additives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Anti-block Additives Market Driver
One of the key factors driving growth in the anti-block additives market is the inclination toward the adoption of advanced technology. The technology used in the formation of anti-block additives exhibits high performance and cost-effectiveness. The benefits of using these additives have increased with the advancement in technology. These additives are used to avoid problems that occur due to the high friction exhibited by polymer surfaces during the winding of film rolls, bag production, and production operations. The advanced technology has made it easier for these additives to lower the friction by keeping the polymer cool. They not only reduce the friction but are also capable of forming a lubricant layer, thereby reducing the contact between polymer surfaces and polymers. The advanced additives are expected to offer enhanced flexibility at higher concentrations and possess higher flexibility and tensile strength. This has urged manufacturers to increase the production of these additives, with the increasing demand from end-users.
Key Anti-block Additives Market Trend
Government initiative for biodegradables is the major trend influencing anti-block additives market growth. Anti-blocking additives are used in all types of plastic films to prevent sticking between polymer films. These additives have been used in various polymers like LLDPE, LDPE, HDPE, BOPP, and PVC. These additives provide anti-blocking properties and enable the easy processing of packaging. The anti-block agents create space between two plastic layers, thereby creating a block. However, the use of plastic films is restricted, under government regulations, due to environmental problems. The government has taken initiatives toward the development of eco-friendly and biodegradable polymers. It is expected that the government will soon enforce the use of biodegradable polymers made up of PBSA and PCL (Polycaprolactone). The government in a few countries has banned the use of plastics, thereby ensuring the use of biodegradable polymers by manufacturers. With the high cost of biodegradable polymers and the limited availability of natural resources, the government may take time to enforce stringent rules regarding the use of biodegradable polymers.
Key Anti-block Additives Market Challenge
Presence of alternatives like biofilms are one of the key challenges hindering the anti-block additives market growth. The demand for biodegradable polymers films has been increasing since the last decade due to government regulations and increasing public awareness about ecological problems because of plastic films. This has led to the rapid growth of new biodegradable polymer films such as polybutylene succinate-co-adipate (PBSA), polycaprolactone (PCL), polyhydroxy acid (PHA), cellulose, and starch, for packaging and other applications. These polymers are biodegradable and eco-friendly. The government is supporting the biodegradable polymer industry to minimize the use of synthetic plastic films. Currently, the production cost of biodegradable polymers is higher than that of synthetic polymers. If there is a reduction in the production cost of biodegradable polymers in the near future, it will have a reverse impact on the plastic film market; this will eventually reduce the use of anti-block additives, thereby posing a challenge for the manufacturers of anti-block additives to survive in the market.
This anti-block additives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global anti-block additives market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the anti-block additives market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the anti-block additives market encompasses successful business strategies deployed by the key vendors. The anti-block additives market is fragmented and the vendors are deploying organic and inorganic strategies growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The anti-block additives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the anti-block additives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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44% of the market's growth will originate from APAC during the forecast period. China is the key market for anti-block additives in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The expansion of the agricultural films and food packaging market will facilitate the anti-block additives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In addition, due to the outbreak of COVID-19, APAC witnesses immense growth potential driven by the increasing demand for a better healthcare system. Across these economies, local governments are reforming regulations in various fields such as IT integration, advanced materials, and others in the healthcare industry. These regulations are formed to increase the efficiency and efficacy of the pharmaceutical industry and related healthcare services in this crisis period. Therefore the market is expected to grow during the forecast period.
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The anti-block additives market share growth by the inorganic will be significant during the forecast period. The demand for inorganic anti-block additives is increasing because of their low cost and high performance in large volume appliances.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the anti-block additives market size and actionable market insights on post COVID-19 impact on each segment.
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Anti-block Additives Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.13% |
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Market growth 2021-2025 |
$ 417.84 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.02 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
China, US, Germany, France, and Saudi Arabia |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ALTANA AG, Croda International Plc, Elementis Plc, Evonik Industries AG, Honeywell International Inc., LyondellBasell Industries NV, Minerals Technologies Inc., Momentive Performance Materials Inc., Quarzwerke GmbH, and W. R. Grace and Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by Application
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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