Demand For Anti-Block Additives To Surge From Packaging Industry From 2021-2031

Anti-block additives are used in various types of plastic films to inhibit stickiness in between two polymer films. These anti-block additives are used in various polymers such as LDPE, LLDPE, HDPE, PVC, and BOPP films. These additives provide anti-blocking properties and enable the easy processing of packaging. Measures to prevent film sheets from sticking together are called anti-blocking measures. Anti-block additives can be mixed with plastics to avoid undesired adhesion, and thus, decrease the blocking force between two film layers throughout the unwinding. Globally, demand for anti-block additives is growing at a significant rate, driven by increasing application in various end-use industries across the globe. However, packaging is one of the important applications of anti-block additives. Countries such as China, India, and Vietnam have been listed as strong growth centers in the packaging industry, and are expected to drive consumption of anti-block additives over the forecast period. As per Persistence Market Research’s analysis, the global anti-block additive market is projected to reach a market value of more than US$ 1.4 Bn by 2031, expanding at a CAGR of over 5% during the forecast period of 2021-2031.

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Key Takeaways from Market Study
• In terms of regional growth, the market in Asia Pacific is projected to grow at a significant rate during the forecast period. Increasing agricultural output from this region is expected to escalate demand for food packaging, which will drive demand for anti-block additives.
• Rising demand for anti-block additives from the packaging Industry is expected over the coming years.
• Increasing demand from the agriculture industry is expected to further demand growth for anti-block additives.
• The markets in India and China are expected to surge at around 6% CAGR each through 2031, while that in the U.S. at 5%.
• In 2020, as a result of the COVID-19 outbreak, the market witnessed a growth rate of -0.4%.

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Competitive Landscape
The global anti-block additive market has been identified as a significantly fragmented market, with various small- and medium-scale players in this space, along with large international players. Some leading players included in the report, such as BASF SE, The Dow Chemical Company, Arkema S.A., Honeywell International Inc., W R Grace, ExxonMobil Corporation, Mitsui Chemicals, Inc., BYK, Croda International Plc, Ampacet Corporation, SABIC, and Astra Polymers, are anticipated to create tough a competitive environment at the global level.

Conclusion
The global market is anticipated to grow substantially owing to rising demand from chemical industries. Increasing use of anti-block additives is being witnessed in end-user applications such as packaging and non-packaging industries. Sales of anti-block additives are also estimated to rise owing to increasing demand from semiconductor industries over the coming years.

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