Anti-Fog Additives Market Size Is Increasing Rapidly Globally
Anti-fogAdditives was estimated to be USD 1.22 billion globally. The market is projected to grow considerably over the upcoming period due to its increasing demand from films of agricultural. Anti-fog products find it’s applications as polymer concentrates or coatings. Anti-fog additives by its physiological characteristics reduce the water droplets induced surface energy that forms on the surface of the polymer, owing to which the precipitations combine and forms a coat on transparent films, enhancing appearance and visibility.
Anti-fog
additives are being widely used by industries such as agriculture, optical
glasses, automobiles and packaging as it improves visibility by reducing fog.
Its low production cost combined with the robust growth in food packaging and
processing industries in developing and emerging economies such as India,
China, Thailand, and Vietnam are estimated to trigger industry growth during
the period forecasted. Shifting consumer preference for packaged food due to
busy lifestyles and speedy urbanization is also expected to foster the growth
of the anti-fog additives till 2024.
Evolving
controlled farming activities due to improvements in the agriculture industry
and increase in demand for superior quality crops, is expected to shoot the
necessities of films resulting into developments in anti-fog markets. Rise in
crop demand to cater the rising global population will likely further augment
the growth of this market.
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The
product finds applications in vehicle windscreens and windows in the automobile
industry. Increasing consumption of automobiles coupled with higher spending
capacity of consumers is expected to have a positive impact on the growth of
this market.
Supervising
environmental waste which is hazardous in nature produced during the production
of agricultural films is expected to pose as a significant contest for market
development over the forecasted period. Strict government legislations
regarding the addition of these products in food packaging are also expected to
delay industry expansion in the foreseeable future.
Application Insights
Estimated
at around USD 801.1 million, food packaging was the leading application in
2015. Owing to its characteristics to improve film transparency as well as
durability of packaged diet will probably observe market gain over the next
nine years. The product finds its applications in the food industry also by
maintaining aesthetic needs and visibility of the product, which will likely
propel product demand over the forecast period.
Increasing
packaged food demand in the developing countries as well as some of the
developed country such as India, China, Malaysia, Indonesia, Mexico, South
Africa, U.S., and U.K is supposed to boost the industry expansion. Development
of new technologies for processing and packaging in the U.S. food industry and
other European countries is another factor expected to contribute to the growth
in the packaged food market, which is projected to drive the global market.
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Product Insights
The
world market is expected to be dominated by glycerol esters accounting for
around 30% of the total revenue in 2015. It is estimated that the product will
observe a substantial growth owing to its high application in food packaging
due to low production cost and its non-toxic nature.
Polyglycerol
esters is a biodegradable product which finds its applications in greenhouse
films as well as it is environment-friendly, owing to which it will witness a
growth in regard to revenue, at a CAGR of over 7.0% from 2016 to 2024.
Regional Insights
35.5%
of the global share of anti-fog additives market was attributed to Asia Pacific
and will likely witness growth on account of the flourishing automobile and
food packaging industries in emerging economies including India, Vietnam, and
China. Rising demand for packaged food owing to increasing disposable income,
population, and changing lifestyle will likely stimulate demand over the
forecast period.
Over
the forecast period, North America is projected to be the second-largest market
by likely witnessing a growth of CAGR 5.7% from 2016 to 2024 in terms of demand
due to increasing consumer awareness and high-tech agricultural practices in
the region.
Competitive Insights
The
industry is characterized by continual drive of innovations by major companies
to enhance of product performance. Durable additives development that help
performance improvement over a wide temperature ranges can aid the competitors
gain popularity and thus the market share.
Key
players operating in the industry include AkzoNobel N.V., A. Schulman Inc,
Ashland Inc., Addcomp Holland Ampacet Corporation, Emery Oleochemicals, PCC
Chemax Inc., PolyOne Corporation, Croda International PLC, Evonik Industries
AG, Fine Organics, Lifeline Technologies, Clariant AG, Palsgaard, DuPont, and
Polyvel Inc.
Continued………………..
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