Anti-Block Additives Market is projected to reach a market value of more than US$ 1.4 Bn by 2031 - Persistence Market Research

As per Persistence Market Research's analysis, the global anti-block additive market is projected to reach a market value of more than US$ 1.4 Bn by 2031, expanding at a CAGR of over 5% during the forecast period of 2021-2031. As per Persistence Market Research's analysis, theglobal anti-block additive marketis projected to reach a market value of more thanUS$ 1.4 Bnby 2031, expanding at a CAGR of over 5% during the forecast period of 2021-2031. Key Takeaways from Market Study ...

As per Persistence Market Research's analysis, the global anti-block additive market is projected to reach a market value of more than US$ 1.4 Bn by 2031, expanding at a CAGR of over 5% during the forecast period of 2021-2031.

Key Takeaways from Market Study

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"Owing to the COVID-19 pandemic, key players across the globe reduced their production capacity utilization to around 55%, due to non-availability of raw material, delays in port clearances, and limited availability of transportation," says a Persistence Market Research analyst.

Competitive Landscape

The global anti-block additive market has been identified as a significantly fragmented market, with various small- and medium-scale players in this space, along with large international players. Some leading players included in the report, such as BASF SE, The Dow Chemical Company, Arkema S.A., Honeywell International Inc., W R Grace, ExxonMobil Corporation, Mitsui Chemicals, Inc., Evonik Industries AG, BYK, Croda International Plc, Ampacet Corporation, SABIC, and Astra Polymers, are anticipated to create tough a competitive environment at the global level.

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Conclusion

The global market is anticipated to grow substantially owing to rising demand from chemical industries. Increasing use of anti-block additives is being witnessed in end-user applications such as packaging and non-packaging industries. Sales of anti-block additives are also estimated to rise owing to increasing demand from semiconductor industries over the coming years.

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More Valuable Insights

Persistence Market Research, a research and consulting firm, has published a market research report on the anti-block additive market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, product type, polymer, application, and region. The report also provides supply and demand trends, along with an overview of the parent market.

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Browse End-to-end Market:  Chemicals and Materials

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