Industry Insights
In 2015, the global
market size of anti-fog additives was estimated
to be USD 1.22 billion globally. The market is projected to grow considerably
over the upcoming period due to its increasing demand from films of
agricultural. Anti-fog products find it’s applications as polymer concentrates
or coatings. 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.
Anti-fog additives are
being widely used by industries such as agriculture, optical glasses,
automobiles and packaging as it improves visibility by reducing fog. Its low
production cost combined with the robust growth in food packaging and
processing industries in developing and emerging economies such as India,
China, Thailand, and Vietnam are estimated to trigger industry growth during
the period forecasted. 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.
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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.
Supervising environmental
waste which is hazardous in nature produced during the production of
agricultural films is expected to pose as a significant contest for market
development over the forecasted period. Strict government legislations
regarding the addition of these products in food packaging are also expected to
delay industry expansion in the foreseeable future.
Application Insights
Estimated at around USD
801.1 million, food packaging was the leading application in 2015. Owing to its
characteristics to improve film transparency as well as durability of packaged
diet will probably observe market gain over the next nine years. The product
finds its applications in the food industry also by maintaining aesthetic needs
and visibility of the product, which will likely propel product demand over the
forecast period.
Increasing packaged food
demand in the developing countries as well as some of the developed country
such as India, China, Malaysia, Indonesia, Mexico, South Africa, U.S., and U.K
is supposed to boost the industry expansion. Development of new technologies
for processing and packaging in the U.S. food industry and other European
countries is another factor expected to contribute to the growth in the
packaged food market, which is projected to drive the global market.
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.
Competitive Insights
The industry is
characterized by continual drive of innovations by major companies to enhance
of product performance. Durable additives development that help performance
improvement over a wide temperature ranges can aid the competitors gain
popularity and thus the market share.
Key players operating in
the industry include AkzoNobel N.V., A. Schulman Inc, Ashland Inc., Addcomp
Holland Ampacet Corporation, Emery Oleochemicals, PCC Chemax Inc., PolyOne
Corporation, Croda International PLC, Evonik Industries AG, Fine Organics,
Lifeline Technologies, Clariant AG, Palsgaard, DuPont, and Polyvel Inc.
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