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(EstateNewsWire.com, October 22, 2019 ) Market Overview:
Anti Slip Additive is an easy to use powder additive which can be mixed into floor coatings to provide an non-slip finish. The powder is made up of recycled glass that is tumbled to remove any sharp edges. Anti-Slip Additive will help improve the grip on a painted surface when it becomes wet thereby providing a safe non-slip surface.
The growth of anti slip additives market can be attributed to the development of civic infrastructure across the geographies. Large amounts of population is moving to urban areas for employment and better standards of living. Therefore, as a result of globalization, the construction of infrastructure has increased drastically. This has created a demand for ingredients and additives that are used to make the flooring or other infrastructure more consumer friendly. As a consequence, there is an upsurge in the demand for anti-slip additives from engineers and builders of the construction industries.
Market Dynamics:
The Anti Slip Additives Market is anticipated to witness significant growth with the range of building constructions, renovation and refurbishing activities in fast growing economies such as China, India, and Southeast Asia.
Construction industry in India is in full swing, some of the projects includes development of palava industrial township worth USD 4.18 bn, Construction of EWS, LIG and MIG houses and development of infrastructure work under PMAY Package C in Jabalpur worth USD 1.78 bn, Construction of EWS, LIG and MIG houses and development of infrastructure work under PMAY Package A worth USD 1.76 bn are a few projects.
Indonesia is likely to spend heavily in infrastructure till 2025. The spend matches the government spend of nearly 7% per year, and many infrastructure-related firms in the country are said to have received capital from the government. This trend comes with the Indonesian jurisdiction protecting local suppliers, especially because it comes under earthquake affected zone, and where local survival is important.
Therefore the range of construction activity and scope for new construction projects in the region is set to drive the anti slip additives market.
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Market Segmentation:
Based on type, anti slip additives market is classified into aluminum oxide, silica and others. Currently, aluminum oxide is the dominant anti slip additive type segment and it accounts for approximately XX% of the market. Aluminum silica is a tough mineral used for maximum anti slip protection that lasts for long period. the dominant coating type.
Silica based anti slip additives are used to provide increased slip resistance to epoxy, polyurea and polyaspartic floor coating system and improve provide safety on step treads, ramps and areas that are slippery when wet. Silica can provide a low cost option to projects that require protect against a wet slippery surface.
This additive type is a heavier additive that is typically broadcast into the topcoat while wet. Silica is more visible and harder to clean than the SSR-20. Silica type anti slip additive finds application in commercial and industrial building flooring applications.
Based on application, anti slip additives market is classified into construction flooring, marine deck, and others. currently construction flooring is the dominant segment and it accounts for approximately XX% of the market.
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
The Asia Pacific anti-slip additives market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific region is expected to grow with high CAGR during the forecast period owing to the range of construction activity in this region.
Due to the rapid urbanization in the region and this trend is projected to continue in coming years and thereby to bring unprecedented demographic, economic and social shifts.
Competitive Analysis:
Some of the major players in the anti-slip additives market include BYK Chemie GmbH, PPG Industries, Inc, Hempel A/S, Rust-Oleum Corporation, PPG Industries, Inc, Vexcon Chemicals, Inc., SAICOS Colour GmbH, Exterior Performance Coating, Associated Chemical, Axalta Coatings Ltd.
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Sai Kiran
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Email: pr@datamintelligence.com
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
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