The global anti-fog additives
market is expected to reach USD 2.21 billion by 2024, according to a new report
by Grand View Research, Inc. Increasing demand for functional and packaged
foods, primarily in China, India, Brazil and Thailand, Singapore and Vietnam,
is likely to augment market expansion. New applications for these additives in
architectural structures such as greenhouses and skylights will create immense
industry potential in the near future.
Growing product demand in
master batches for manufacturing polymers namely LDPE, LLDPE, EVA, and PVC as
they offer a higher level of durability and performance will propel industry
size over the forecast period. The growing demand for high-quality and
efficient optical products is likely to impact market growth positively over
the next eight years. Growing preference for biodegradable food packaging and
agricultural films will open new market avenues over the next few years.
Sorbitan esters will witness
significant growth at a CAGR of 7.0% in terms of revenue owing to its growing
consumption in LDPE, LLDPE, PVC, and EVA films for food packaging and
agricultural applications, as they have anti-fog, anti-static, and dispersion
properties.
In depth research report on Anti-Fog Additives Market
Further key findings from the report suggest:
•
The global anti-fog additives
market demand was 310.5 kilo tons in 2015 and is expected to reach 526.6 kilo
tons by 2024, growing at a CAGR of 6.1% from 2016 to 2024
•
Agricultural films accounted
for 28.2% of the global volume in 2015 and will witness substantial growth on
account of rising government spending along with increasing requirement of
high-quality crops. Also, agricultural films exhibit high durability, thermal
resistance, and tensile strength which helps in extending the shelf life of
agricultural products. This factor, in turn, is expected to augment demand for
anti-fog additives over the forecast period.
•
Asia Pacific will witness tremendous
gains at a CAGR of 6.7% in terms of volume on account of growing demand for
processed food. Developments in the food processing sector including
preservation technologies including cold storage, and climate control storage
are expected to augment growth.
•
MEA is expected to witness a
significant increase in demand for anti-fog additive owing to growing demand
for packaged food in light of the expansion of retail food outlets and new
product launches. Demand for the product is expected to reach 46.5 kilo tons by
2024.
•
Major market participants
include A. Schulman, Inc., AkzoNobel N.V, Croda International PLC, Evonik
Industries AG, PCC Chemax Inc., Fine Organics, Palsgaard, Polyvel Inc., PolyOne
Corporation, and Ampacet Corporation. Product innovation by key market players
to improve the durability and long-term performance of their products over a
wide range of temperatures is likely to propel demand for the product. Various
companies including AkzoNobel N.V., Ampacet Corporation, and Croda International
PLC are focusing on creating multifunctional products that provide anti-static
and dispersion properties along with the anti-fogging function to gain industry
share.
Grand View Research has
segmented the global anti-fog additives market on the basis of product,
application and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2013 - 2024)
•
Glycerol esters
•
Ethoxylated sorbitan esters
•
Polyglycerol esters
•
Sorbitan esters
•
Polyoxyethylene esters
•
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2013 - 2024)
•
Agricultural films
•
Food packaging films
•
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2013 - 2024)
•
North America
•
U.S.
•
Canada
•
Mexico
•
Europe
•
UK
•
Germany
•
France
•
Russia
•
Asia Pacific
•
China
•
India
•
Japan
•
Latin America
•
Brazil
•
MEA
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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