Anti-slip Additives Market Worth $444.7 Million by 2023

PUNE, India, August 30, 2018 /PRNewswire/ --

According to the new market research report "Anti-slip Additives Market by Type (Aluminium Oxide, Silica, Others (Polymer Grits/Beads, Pulverized Plastic, Crushed Glass)), Application (Construction Flooring, Marine Deck), and Region (APAC, Europe, North America) - Global Forecast to 2023", published by MarketsandMarkets™, the global 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 factors for the increase in demand for livable area/flooring, leading to an increased demand for anti-slip additives used in flooring. The increasing focus toward home decor and improving lifestyles of consumers are also boosting the use of anti-slip floors to ensure adherence to enhanced safety measures. Moreover, the population shift from rural to urban areas in the world has further elevated the growth rate. The rise in population coupled with the increasing urbanization is expected to drive the demand for anti-slip additives.

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Browse 87 market data Tables and 33 Figures spread through 128 Pages and in-depth TOC on "Anti-Slip Additives Market"

https://www.marketsandmarkets.com/Market-Reports/anti-slip-additive-market-139762995.html 

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Silica type segment to grow at the highest CAGR between 2018 and 2023 

Based on type, the global Anti-Slip Additives Market has been segmented into aluminum oxide, silica, and others. The others segment includes pulverized plastic, crushed glass, polymer grits/beads, waxes, etc. The silica segment is projected to grow at the highest CAGR during the forecast period. This high growth rate is attributed to the stringent environmental regulations regarding the use of greener products. Silica-based anti-slip additives are used either in powder or water-based forms which adhere to the environmental safety norms regarding less use of toxic solvent-borne products.