Antifog Additives Market worth $417 million by 2024 | Key players Nouryon, Croda International Plc., Clariant AG, A. Schulman, PolyOne Corp

According to recent market research "Antifog Additives Market by Type (Glycerol Esters, Polyglycerol Esters, Sorbitan Esters of Fatty Acids, Ethoxylated Sorbitan Esters), Application (Food Packaging Films, Agricultural Films), Geography - Global Forecast to 2024", The antifog additives market is projected to grow from USD 335 million in 2019 to USD 417 million by 2024, at a CAGR of 4.4% from 2019 to 2024. Increased demand for antifog plastic films from various end-use industries such as food packaging and agriculture is one of the key factors driving the growth of the antifog additives market across the globe.

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Based on type, the glycerol ester segment of the antifog additives market is projected to grow at the highest CAGR from 2019 to 2024, in terms of both value and volume. Glycerol esters are obtained by combining fatty acids with glycerol. These produced fatty acid esters can be monoglycerides, diglycerides, or triglycerides. A majority of the portion of glycerol esters produced is used in the industries manufacturing food packaging and agricultural films to protect these films from fogging. Glycerol Esters are safe to use in the food packaging films applications, and also they are cheaply available; hence, they are the most used antifog additives.

Based on application, the food packaging segment of the antifog additives market is projected to grow at a higher CAGR during the forecast period in terms of both value and volume. Fog formation in the food packaging films is considered detrimental as it not only reduces the visibility of the food package but also has an adverse effect on aesthetic value and shelf appeal of the packaged food. It may also lead to spoiling of the packaged food product. This detrimental effect of fog formation can be prevented by using antifog food packaging films. There is an increased demand for antifog food packaging films from the food packaging industry for fresh food packaging application. This growing demand for antifog food packaging films from the food packaging industry is expected to drive the global antifog additives market during the forecast period.

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The antifog additives market is projected to grow from USD 335 million in 2019 to USD 417 million by 2024, at a CAGR of 4.4% from 2019 to 2024. The antifog additives market has been growing at a moderate pace over the past five years, owing to the increase in demand for antifog additives in food packaging films, agricultural films, among other applications.

Nouryon (Netherlands), Croda International Plc. (U.K.), Clariant AG (Switzerland), A. Schulman (U.S.), PolyOne Corporation (U.S.), EvonikIndustries (Germany), DowDuPont (U.S.), Ashland Inc. (U.S.) and Corbion N.V. (Netherlands) are some of the leading players operating in the antifog additives market. These players have adopted the strategies of expansions, new product developments, acquisitions, and investments to enhance their position in the market.

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In February 2017, Croda International Plc, the specialty chemicals company reinforced a major capital expansion at its Hull facility in Yorkshire. By investing, 32.4 USD Million in the expansion, Croda will be able to satisfy the growing demand for its renowned polymer additives. The investment will nearly double existing capacity and enable Croda to meet the increasing demand for slip additives through to 2030.

In January 2018, Clariant Ag opened its new state-of-the-art masterbatch production site in Yanbu, Saudi Arabia. The site is owned by Clariant Masterbatches Saudi Arabia, a joint venture between Clariant and Rowad, a leading plastic products manufacturer in the Middle East and part of Tasnee, Saudi Arabias second largest industrial company. The location provides the site easy access to key raw materials and enables it to supply customers in Saudi Arabia as well as expands their global network with a stronger position in the Middle East and Africa region, one of the important growth markets for plastic applications.

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