Albany, NY -- (SBWire) -- 10/14/2015 --Anti-tack agents are an integral part of the rubber industry and crucial for the various end uses of rubber. Of the many anti-tack agents in use, the most common ones are silicone polymers, fatty acid esters, talc, and stearates. The primary aim of anti-tack agents is to eliminate the sticky properties of rubber while maintaining their elasticity.The global anti-tack agents market is growing at a CAGR of 4.1% from 2015 to 2023. The market is expected to reach US$437.9 mn in 2023, after being valued at US$306.5 mn in 2014.
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Automotive and Rubber Gloves Industries Propel Global Anti-tack Agents Market
The primary growth driver of the global anti-tack agents market is currently the automotive industry. Due to their beneficial properties, anti-tack agents are in great demand from the automotive industry, especially with an increase in modifications and improvements done to the processing of rubber, along with the fast rate of production in these top end-use industries. The other end user that is driving the global anti-tack agents market is the segment of medical rubber gloves.
Increase in Raw Material Prices Restrains Global Anti-tack Agents Market
One of the greater restraints on the global anti-tack agents market is the rising cost of raw materials it needs. Anti-tack agents are created using fatty acids and alkaline chemicals, hydroxides, or metal oxides. These chemicals are growing shorter in supply and therefore the supply channels cannot meet the growing demand, consequently hampering the growth of the global anti-tack agents market. Other market restraints include tightening governmental regulations regarding waste material disposal and pollution norms, along with a general lack of consumer awareness towards the advancements in anti-tack agents. The lack of consumer awareness includes awareness towards magnesium stearates, which are allegedly claimed to be an unsafe and toxic product with harmful effects on the digestive system, even though there is little to no evidence of magnesium stearates hindering the absorption rates of intestines.
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Stearates Dominate Global Anti-tack Agents Market
More than 40% of the global anti-tack agents market was taken up by stearates in 2014. Their market dominance is owed to their wide range of appealing properties, including ease of separation, gelling capacity, water repellant nature, foam inhibition, and superior lubrication. The leading consumer of stearates in the global anti-tack agents market is Asia Pacific.
Advancements in Anti-tack Agents Manufacture Propel Global Anti-tack Agents Market
The key growth factor for the global anti-tack agents market is the development of the global rubber industry. The reasons that will improve prospects of the global anti-tack agents market in the near future are improvements in environmental control, increasing standards of quality, improving health and life of rubbers, and increasing cost-effectiveness. Since the type of anti-tack agents used depend largely on the type of rubber manufactured, the growth of each segment in the global anti-tack agents market depends on the growth of the particular rubber manufacturing rates. This list of end users includes automotive, household products, medical, and industrial.
The key players in the global anti-tack agents market are King Industries, Inc., The HallStar Company, Lion Specialty Chemicals Co., Evonik Industries AG, H.L. Blachford Ltd., Struktol GmbH, FACI S.p.A, Croda International plc, and Baerlocher GmbH.
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Increasing Requirement for Automotive Rubbers Boosts Global Anti-Tack Agents Market: Transparency Market Research
Transparency Market Research has published a new report "Anti-Tack Agents Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" to its report store.