Anti-Fog Additives Market Size Analysis, Revenues Driving Factors & Forecast Report, 2024
The global Anti-Fog Additives Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
In 2015, the global market size of anti-fog additives was estimated to be USD 1.22 billion globally. 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.
Key Players:
- Clariant AG
- AkzoNobel N.V.
- Ashland Inc.
- Croda International PLC
- Evonik Industries
- PolyOne Corporation
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Growth Drivers:
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.
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.
Product Outlook:
- Glycerol esters
- Ethoxylated sorbitan esters
- Polyglycerol esters
- Sorbitan esters
- Polyoxyethylene esters
Application Outlook:
- Agricultural films
- Food packaging films
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.
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