Market Overview
The global anti-slip additives market had a valuation of USD 367.27 million in 2022, and it is projected to reach USD 636.48 million by 2032, with a compound annual growth rate (CAGR) of 6.3% during the forecast period. The primary driver behind the growth of market revenue is the increasing demand for anti-slip additives across various industries, including construction, marine, and automotive.
Anti-slip additives are utilized to enhance the coefficient of friction on different surfaces, thereby reducing the risk of slips and falls and creating a safer environment for workers and customers. The market's revenue growth is primarily fueled by the growing need for safer workplaces and public areas. The construction industry is the largest consumer of these additives as they are added to concrete, asphalt, and other construction materials to improve traction and reduce accidents on construction sites. Furthermore, the marine industry's rising demand for anti-slip additives, which are used to prevent slips and falls on boats, ships, and other vessels, is also driving market growth.
The automotive sector is another significant consumer of anti-slip additives as they are employed in tire treads and other vehicle components to enhance traction, particularly in icy or wet conditions. The demand for these additives in the automotive industry is driven by the increasing demand for high-performance vehicles and the tightening of safety regulations.
Moreover, the growing demand for sustainable and eco-friendly products is prompting manufacturers to develop eco-friendly anti-slip additives, which is expected to contribute to the market's revenue growth in the coming years. Government regulations mandating the use of eco-friendly products across various industries further stimulate the adoption of these products.
However, factors such as high prices, raw material scarcity, and competition from low-priced alternatives may hinder the market's revenue growth.
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Data and Statistics on the Anti-Slip Additive Market:
- According to the U.S. Occupational Safety and Health Administration, slips and falls account for 17% of all workplace injuries, with an estimated annual cost of USD 70 billion in direct medical expenses.
- The National Floor Safety Institute (NFSI) reports that slip-and-fall accidents are the leading cause of workers' compensation claims and account for 15% of all accidental deaths.
- NFSI states that the application of anti-slip treatments to floors and walkways can reduce slips and falls by up to 70%, particularly on wet or slippery surfaces.
- Asia Pacific accounted for the largest share (38%) of the global anti-slip additive market in 2020, with the region expected to maintain its dominance due to rising demand from countries such as India and China.
Government Regulations:
- The National Floor Safety Institute (NFSI) provides certification programs for anti-slip floor treatments, including slip coefficient measurement standards such as B101 and B102.
- The Occupational Safety and Health Administration (OSHA) has established standards for walking and working surfaces, requiring employers to provide safe floors to prevent slips, trips, and falls. These standards recommend the use of anti-slip treatments on floors to reduce slip hazards.
- The U.S. Department of Agriculture (USDA) has set standards for anti-slip additives used in food processing areas, such as non-skid paints and coatings with a minimum rubber content of 5%.
- The European Union has established performance standards for anti-slip additives, specifically EN 13893:2003 and EN ISO 20521:2009.
- The China National Standardization Administration (CNSA) has developed a voluntary standard for non-skid floor coatings (GB/T 18944-2002), specifying requirements for slip resistance, adhesion, curing time, and other properties.
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