Antifog Additives Market Expected to Reach $619.8 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, 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.