Rising demand for anti-slip additives form construction sector, owing to increasing use for construction flooring application is a major factor expected to propel growth of the global anti-slip additives market over the forecast period. In addition, growing demand for anti-slip additives form marine sector is another factor expected to boost growth of the market in near future. In addition, rise in population and rapid urbanization are another factors expected to propel growth of the Global anti-slip additives market in the near future.
However, stringent regulations associated with the environment is a major factor expected to hamper growth of the target market over the forecast period.
The global anti-slip additives market has been segmented on basis of type, application, and region. On the basis of type, the target market is segmented into aluminum oxide, silica, and others. On the basis of application global anti-slip additives market is segmented into construction flooring, marine deck, and others. Marine deck segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period, owing to increasing size and load carrying capacity of vessels, which has led to rising trade volumes with focus on developing more durable and sturdier marine crafts. Increasing trade activities subsequently leading to growth of the segment.
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Based upon region global anti-slip additives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in Asia Pacific is estimated to be highest share in terms of revenue, owing to rising trade activities coupled with the infrastructure developments in shipping sector, in the region. The markets in Europe is expected to register significant growth in terms of revenue, owing to increasing demand for anti-slip additives due to rapid industrialization in the region over the forecast period.
Key players operating in the global anti-slip additives market include BYK Chemie GmbH, PPG Industries, Inc., Hempel A/S, Rust-Oleum Corporation, Vexcon Chemicals Inc., Saicos Colour GmbH, Exterior Performance Coating Inc., Associated Chemicals & Services, Inc., Axalta Coatings Ltd., and Coo-Var.