The contemporary upsurge in the construction activities across the globe due to the rapid urbanization has been one of the most effective reasons for the growth imparted in a gamut of associated markets. In the wake of exuded construction activities, paints & coatings market is also experiencing a definite surge in demand, which is significantly creating opportunities for the players striving to increase their anti-slip additives market share. The recent years have witnessed an increase in the anti-slip additives market size which was evaluated at $355 million as of 2018, and it is poised to increase at a CAGR of 5% during the forecast period 2019-2025.
With the rising population, the world is in need for more infrastructure to fulfill the housing requirement of the future populace. This is going to enhance opportunities for the anti-slip additives market players further.
Some other applications on which the anti-slip additives market players will thrive are its requirement in concrete sealers, construction flooring, and marine decks. Anti-slip mat and polymer beads are two prominent types of anti-slip additives used in different industries.
In 2018, the parent industry of the anti-slip additives market experienced trade of around $14 billion with year on year growth of 10%. This evinces the increasing demand of the product which also translates to the regions that have contributed in the expansion of the anti-slip additives market size.
APAC with Maximum Anti-Slip Additives Market Share of 47% in 2018:
The increasing construction activities in China and India are the major reasons for the growth of the APAC anti-slip additives market size.
China’s construction industry is growing rapidly since 1978; its valuation was $816.6 billion in 2017, and the industry saw further growth in 2018 which created a myriad of prospects to prosper for anti-slip additives market players in China.
Similarly, India is poised to see 100 smart cities by the end of 2020. Now, these cities will have infrastructure with anti-slip additives flooring, and this will further drive the market in the country.
The Future for the Anti-Slip Additives Market Players Worldwide:
With the global construction industry poised to attain $8 trillion by 2030, the anti-slip additives market players will experience lucrative opportunities in the same at a CAGR of 5.6% through to 2025.
Top 10 Anti-Slip Additives Market Companies:
The companies with the maximum anti-slip additives market share are BYK Chemie GmbH, PPG Industries, Inc., Hempel A/S, Rust-Oleum Corporation, Vexcon Chemicals, Inc., Saicos Colour GmbH, Exterior Performance Coating, Inc., Associated Chemicals, Axalta Coatings Limited, and Coo-Var.
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