Anti-slip Additives Market to Reach USD 444.7 Mn by 2023
18 October 2018
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
The rise in population is one of the prime features for the increase in demand for livable area/flooring, leading to an increased demand for anti-slip additives used in flooring. This is due to population shift from rural to urban area and increasing amount of population growth. Other then usage in home décor, large part of this increase also due to increasing amount use in marine deck and construction flooring. There has been great growth in the maritime industry that drives this increase of using anti slip additives.
There are plenty types of anti slip additive however the highest growth seems to be silica based anti slip additive due to environmental issue of other types of anti slip additives.This increase forecasted to be happening largely in the APAC region. This increase is predicted to continue until 2023 due to increasing trade activities, rising infrastructural developments in the shipping industry (in the form of growing network of ports), and growing use of less toxic products in APAC countries, such as India, Japan, South Korea, and China.