Northbrook, IL -- (SBWIRE) -- 11/15/2018 -- According to the new market research report "Antiblock Additive Market by Product Type (Organic, Inorganic), Polymer Type (LLDPE, LDPE, HDPE, BOPP, PVC), Application (Food, Pharmaceutical, Industrial, Medical, Agriculture) - Global Forecast to 2021", The global market for antiblock additive is estimated to grow from USD 839.3 Million in 2016 to USD 1,109.6 Million by 2021, at a CAGR of 5.7% during the forecast period. Rising demand from agricultural greenhouse and mulch films as well as packaging plastics is expected to drive the demand for antiblock additive during the forecast period.

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Based on product type, the inorganic segment is expected to lead the global antiblock additive market
Inorganic product type constitutes major share of the antiblock additive market, in terms of value. Easy availability and cost effectiveness are the major factors that are driving the demand for inorganic antiblock additive. In addition, these additives offer enhanced flexibility at higher concentrations, and possess higher flexibility and tensile strength.

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Based on polymer type, the BOPP segment of the antiblock additive market is estimated to grow at the highest CAGR from 2016 to 2021

Based on polymer type, the antiblock additive market has been segmented into LLDPE, LDPE, HDPE, BOPP, and PVC. The BOPP segment is expected to grow at the highest CAGR from 2016 to 2021. The demand for antiblock additive based on BOPP polymer type is gaining momentum, as they offer enhanced clarity over LLDPE and LDPE-based antiblock additive, and possess higher flexibility with increased tensile strength.

Based on application, the food packaging segment is expected to grow at the highest CAGR during the forecast period

The food packaging application segment is exhibiting high growth in the Middle East & Africa, and Asia-Pacific regions. This is due to the growing real disposable income and increasing standard of living of the people. Thus, the antiblock additive market in food packaging is expected to grow at the highest CAGR during the forecast period.

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Asia-Pacific antiblock additive market is estimated to grow at the highest CAGR during the forecast period
The growth of the antiblock additive market in the Asia-Pacific region can be attributed to the rising population due to which, there is an increasing demand for agricultural output and food packaging. This growth signifies an increase in packaging activities, thereby leading to an increase in the consumption of antiblock additive for use in plastic films & sheets.

Currently, the global antiblock additive market is led by various market players such as Imerys S.A. (France), Specialty Minerals Inc. (U.S.), Honeywell International Inc. (U.S.), W.R. Grace & Co. (U.S.), and Fine Organics (India).

Major Market Developments

- In April 2017, Croda International Plc. (U.K.) announced the expansion of its Chocques manufacturing facility (Northern France) with an investment of USD 19.98 million. This will increase the alkoxylation production capacity of the site by 20% and cater to the demand from various industries in Europe.
- In January 2017, Evonik Industries AG (Germany) completed the transaction to acquire the specialty additives business of Air Products and Chemicals, Inc. (U.S.) for USD 3.8 billion. The process to acquire the specialty & coating additive business of Air Products started in May 2016. The acquisition will position the Evonik's position in the global specialty additives market.

- In February 2017, Honeywell International Inc. (U.S.) signed a technology sharing agreement with Zhejiang Petrochemical Co. Ltd. (China), a manufacturer of aromatic hydrocarbons, polymers, and polyester fibers. A range of process technologies in the form of design, license, catalyst and key equipment along with automation systems is being supplied by Honeywell.

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