The global antifog additives market was valued at $397.2 million in 2021, and is projected to reach $619.8 million by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
Antifog additives are generally non-ionic surfactants that prevent water condensation in small droplets. Fresh food is packed and items are placed in refrigerators and due to temperature variations, fog tends to accumulate on packed food products. Thus, in order to overcome fogging of refrigerated food products antifog additives are employed extensively. It is widely used in the production of polymer films for inducing the antifogging property in them. It has a wide range of applications in various end-use industries, such as agriculture, food and packing, the plastic industry, and others.
The rise in global population, rapid shift towards a sedentary lifestyle, and growing demand for processed and packaged food have surged the demand for antifog additives films. These films are widely used in the packaging of foods for maintaining the aesthetic look and transparency of food items and also help in increasing the shelf life of food. Owing to such factors, the market is expected to grow during the forecast period.
However, the lack of skilled labor and lack of norms and protocols regarding the use of antifog additive chemicals in the plastic manufacturing industry such as glycerol ester, polyglycerol ester, sorbitan ester, and others, are expected to hamper the market growth. Furthermore, stringent government rules and regulations governing the use of antifog chemicals in the food & beverages industry have hampered the market growth. These factors together may negatively impact the antifog additives market.
Nonetheless, the low price of antifog additives production, as well as the simple availability of low-cost labor and raw materials, are speeding up antifog additives sales, resulting in increased global business. Furthermore, favorable demographic and socioeconomic variables, including population expansion, urbanization, and improvement in the standard of living, as well as considerable advances in commercial sectors, are expected to boost the global antifog additives market.
The antifog additives market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into sorbitan ester, glycerol ester, polyglycerol esters, glycerol monooleate, and others. On the basis of application, it is divided into food packaging and agriculture. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global antifog additives market profiles leading players that include, Ashland Global Holdings Inc., Avient, BASF SE, ChemPoint, Clariant AG, Corbion N.V., Croda International Plc., DuPont, Eastman Chemical Company, Emery Oleochemicals, Evonik Industries, Foreverest Resources Ltd., Lipotype, Merk KGaA, and PCC Chemax Inc. The global antifog additives market report provides an in-depth competitive analysis as well as profiles of these major players
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the antifog additives market analysis from 2021 to 2031 to identify the prevailing antifog additives market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the antifog additives market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global antifog additives market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Sorbitan Ester
- Glycerol Ester
- Polyglycerol Ester
- Glycerol Monooleate
- Others
By Application
- Food Packaging
- Agriculture
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Ashland Global Holdings Inc.
- Avient
- BASF SE
- ChemPoint
- Clariant AG
- Corbion N.V.
- Croda International Plc
- DuPont
- Eastman Chemical Company
- Emery Oleochemicals
- Evonik Industries
- Foreverest Resources Ltd.
- Lipotype
- Merk KGaA
- PCC Chemax Inc.
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Table of Contents
Executive Summary
According to the report, titled, “Antifog Additives Market," the antifog additives market was valued at $397.2 million in 2021, and is estimated to reach $619.8 million by 2031, growing at a CAGR of 4.6% from 2022 to 2031.Antifog additives are organic compound and non-ionic surfactant that help to bring down the surface tension of water thus, preventing the formation of water droplets on plastic films. In addition, antifog additives are used extensively for preparing plastic sheets. It has a wide range of applications in various end-use industries, such as agriculture, food and packaging industry, automobile, and others.
The growing demand for agricultural and food packaging films and rise in demand for coated films for mirrors and protective eyewear have put more emphasis on the manufacture for increasing the production capacities of antifog additives. These factors together escalate the market growth.
However, stringent government policies regarding use of additive in the food processing industry have hampered the market growth. In addition, hazardous waste generated during film production act as a deterrent factor to the market growth.
The increasing global population, industrialization, urbanization, and growing consumer demand for vehicles, escalate the demand for antifog additive. Additive are used on vehicle windows and windscreen since, which enhances the visibility of mirrors and thus, stimulates the market growth. Furthermore, overall expansion of the automobile industry and concern about passenger safety have surged the demand for antifog additive in the automobile industry. These factors are predicted to contribute to the global market growth and are anticipated to offer new opportunities in the global antifog additives market.
The antifog additives market is segmented on the basis of type, application, and region. By type, the market is segregated into sorbitan ester, glycerol ester, polyglycerol esters, glycerol monooleate, and others.
The glycerol monooleate segment dominated the global market, in terms of revenue in 2021. This is attributed to the fact that glycerol monooleate based antifog additives are extensively used in the formulation of drugs, which helps in reducing foaming issues in the pharmaceutical sector.
By application the market is divided into food packaging and agriculture. The agriculture segment dominated the global market, in terms of revenue in 2021 with 67% share in the global market. This is attributed to factors such as potential increase in the farm income, import and export activity, and improvement in standard of living which have surged the demand for antifog additives. It is widely employed on fruits, vegetables, and other plants where additive film enhances the plant productivity and also helps to maintain the efficiency and productivity of the agriculture sector.
Region-wise, the antifog additives market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific antifog additives market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major market share in 2021 with 35% share in the global market., owing to increase in the packaging industry, which is supporting the growth of plastic additives in the region. China has the second-largest packaging industry globally. The country is expected to witness consistent growth during the forecast period, owing to rise of customized packaging in the food segment, along with increasing exports, which have led them to increase the production capacities of antifog additives.
Key players operating in the global antifog additives market include, Ashland Global Holdings Inc., Avient, BASF SE, ChemPoint, Clariant AG, Corbion N.V., Croda International Plc., DuPont, Eastman Chemical Company, Emery Oleochemicals, Evonik Industries, Foreverest Resources Ltd., Lipotype, Merk KGaA, and PCC Chemax Inc.
Key Findings of the Study
- The glycerol monooleate segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.3% from 2022 to 2031.
- The agriculture segment is anticipated to register the highest CAGR of 4.5% during the forecast period.
- Asia-Pacific garnered the highest share of 35% in 2021, in terms of revenue, growing at a CAGR of 5.2%.
COVID-19 Analysis
- The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses to lives and the economy around the globe. The antifog additives market has little impact due to the wake of the COVID-19 pandemic, owing to rise in cases of COVID-19, implementation of emergency protocols, and shutdown of various operations and facilities that have been observed during 2020. Due to the spread of the COVID-19 pandemic, manufacturers faced challenges in terms of operation and supply chain due to government restrictions during the lockdown period. However, the antifog additives market faced several difficulties with material supply chain disruptions and labor shortages, in 2020. Furthermore, to control the surge of novel coronavirus cases, there was a drastic shift of investments from other sectors towards packaging and agriculture sectors. Also, several synthetic antifog additives product manufacturing companies either shut down or shrank their operations due to the risk of infection among the workforce. The pandemic had a brutal impact on the chemicals sector since majority of the countries were under lockdown with transportation restrictions. This brought down the production rate of various chemicals and thereby hampering the production of antifog additives. In the first quarter of 2021, increase in demand is experienced for antifog additive chemicals globally as compared to that in 2020.
Companies Mentioned
- Ashland Global Holdings Inc.
- Avient
- Basf Se
- Chempoint
- Clariant AG
- Corbion N.V.
- Croda International plc
- Dupont
- Eastman Chemical Compnay
- Emery Oleochemicals
- Evonik Industries
- Foreverest Resources Ltd.
- Lipotype
- Merk Kgaa
- Pcc Chemax Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 290 |
Published | July 2022 |
Forecast Period | 2021 - 2030 |
Estimated Market Value ( USD | $ 397.2 million |
Forecasted Market Value ( USD | $ 619.8 million |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |