The global anti-slip additives market is estimated to be USD 355.1 million in 2018 and is projected to reach USD 444.7 million by 2023, at a CAGR of 4.6% from 2018 to 2023. Rising population and increasing urbanization are the major driving factors for the anti-slip additives market. The market is also driven by increasing industrialization, which is strengthening the demand for anti-slip additives, globally.
By type, the aluminum oxide segment is estimated to account for the largest market share in 2018, in terms of value, whereas, the silica segment is projected to grow at the highest CAGR between 2018 and 2023. The expected high growth of the silica segment is attributed to its easy availability, high anti-slip effect, and high durability. Silica can be used in a range of floor coating applications and provides improved slip resistance as compared to its alternatives.
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By application, the marine deck segment is projected to grow at the highest CAGR during the forecast period, in terms of value. The increase in trade activities and infrastructural developments in the maritime industry (in the form of increasing port network) are leading to a large number of ships moving around seas. This is leading to a high demand for safety on marine decks, which can be achieved by using coatings with anti-slip effect.
Key players operating in the global anti-slip additives market include BYK Chemie GmbH (Germany), PPG Industries, Inc. (US), Hempel A/S (Denmark), Rust-Oleum Corporation (US), Axalta Coating Systems Ltd. (Austria), and Vexcon Chemicals (Japan). Expansions and new product launches were the key growth strategies adopted by the leading market players between 2016 and 2018. BYK Chemie, Rust-Oleum, and Axalta Coating Systems were the major players who adopted these strategies to strengthen their market penetration and gain customer confidence.
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BYK Chemie GmbH is a key player in the global anti-slip additives market. The company offers a comprehensive range of anti-slip additives for various end-use applications, such as construction flooring, marine deck, and wood coating. In July 2017, BYK inaugurated its integrated site, which combines technical services, R&D, administrative functions, and logistics under one roof, in Shanghai Chemical Industry Park, China. The expansion will help BYK provide high-quality products and services, thereby strengthening its foothold in Greater China and the whole Asia Pacific region. The site is scheduled to become operational in the second half of 2018.
Rust-Oleum Corporation is another leading manufacturer in the anti-slip additives market. The company mostly engages in new product launches to gain customers’ confidence and expand its business globally. It has been focusing on developing innovative anti-slip additive products. In August 2017, the company launched a new line of industrial-strength options, including an anti-skid additive useful for high traffic areas or shop environments. These additives create a slip-resistant surface and add texture to interior floor coatings.
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