Antiblock additive can be appended to plastics to restrict undesired adhesion and hence lower the blocking force between film layers throughout unwinding. This simplifies the whole process during the production as well as in the later usage of the product. The packaging is one of the most prominent applications of antiblock additive. The global antiblock additive market was worth USD 842.18 million in 2020 and is projected to reach USD 1,111.58 million by 2025, at a CAGR of 6.92% throughout the forecast period of 2020-2025.
Market drivers and restraints:
Rising need for packaging in food and pharmaceutical industries is estimated to drive the global anti-block additives market in the future. The rising spending power, along with the high disposable incomes of individuals, is expected to boost the demand for the packaged food over the forecast period. One of the key factors restricting the growth of the global anti-block additives market is the high dosage level of the inorganic additive.
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Report segmented as:
• inorganic anti-block additives
• organic anti-block additives
Based on geography, the antiblock additive market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is likely to lead the global antiblock additive market, followed by North America and Europe, during the forecast period. Increase in demand for these additives in the agriculture industry in Asia Pacific is estimated to boost the overall market during the forecast period.
Important market players:
The major players operating in the global antiblock additives market are R. Grace & Co., Honeywell International Inc., Specialty Minerals Inc., Fine Organics, Imerys S.A., Arkema, EVONIK Industries, Hoffmann Mineral GmbH, Croda International PLC., Momentive Performance Materials Inc., BYK Additives & Instruments.
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