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Antiblock Additive Market Trends

Report ID: GMI8228
Published Date: Feb 2024
Report Format: PDF

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Antiblock Additive Market Trends

One prominent trend is the increasing focus on sustainable solutions, driven by a growing awareness of environmental issues. Manufacturers are increasingly incorporating eco-friendly antiblock additives to align with global sustainability goals, responding to the demand for greener and recyclable packaging materials. Another noteworthy trend is the continuous technological evolution in additive formulations. Companies are investing in research and development to create high-performance antiblock additives that cater to the diverse needs of end-use industries such as packaging, agriculture, and automotive.

Additionally, there is a discernible shift towards multifunctional additives that offer not only antiblocking properties but also additional benefits like improved slip and anti-static characteristics. This trend reflects the industry's commitment to providing versatile solutions that enhance the overall performance of plastic products. Regional dynamics also play a crucial role, with the Asia-Pacific region emerging as a key market due to rapid industrialization and increased manufacturing activities.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for antiblock additive was valued at around USD 1.5 billion in 2023 and is anticipated to register a CAGR of over 5.6% between 2024 and 2032. As industries increasingly shift toward sustainable and efficient packaging solutions, the demand for antiblock additives has surged.

Packaging industry segment accounted for major market share in 2023 and is projected to fuel demand for antiblock additives by 2032 driven by the increased usage of efficient and sustainable packaging solutions.

Asia Pacific antiblock additive industry generated a revenue of USD 0.54 billion in 2023 and is expected to grow significantly through 2032 as the region is a manufacturing hub along with rapid industrialization.

Ampacet Corporation, Biesterfield, BYK, Cargill, Croda International PLC, Evonik Industries AG, Honeywell International Inc., Imerys Performance Additives, LyondellBasell, Momentive, Plastics Color Corporation, PolyOne, and W.R. Grace & Co.