|
Forecast Period
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2024-2028
|
|
Market Size (2022)
|
USD 0.38 billion
|
|
CAGR (2023-2028)
|
4.72%
|
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Fastest Growing Segment
|
Paints
|
|
Largest Market
|
Mid west
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Market Overview
United States Anti-Skinning Agents
Market stood at USD 0.38 billion in 2022 and is anticipated to project robust
growth in the forecast period with a CAGR of 4.72% through 2028. The United
States Anti-Skinning Agents Market has experienced significant shifts in recent
years, driven by evolving consumer preferences, growing environmental concerns,
and rapid technological advancements. These transformative trends are reshaping
the landscape of the coatings and inks industries, where anti-skinning agents
play a crucial role in maintaining the quality and performance of products.
One prominent trend that has emerged is
the increasing demand for sustainable and environmentally friendly solutions.
With the rise of environmental consciousness, both manufacturers and consumers
are actively seeking anti-skinning agents that have minimal impact on the
environment. This has led to the development and adoption of eco-friendly,
low-VOC (volatile organic compound), and bio-based anti-skinning agents that
offer effective protection while being environmentally conscious.
Water-based formulations have also
gained popularity due to their reduced VOC emissions and eco-friendly
attributes. As a result, water-based anti-skinning agents have become
indispensable in maintaining the stability and shelf life of these formulations,
contributing to the overall sustainability of the industry.
Moreover, the coatings and inks
industries are continuously reducing their reliance on traditional solvents,
which has further driven the need for anti-skinning agents compatible with
low-solvent or solvent-free formulations. Manufacturers are actively engaged in
research and development efforts to create advanced anti-skinning agents that
offer longer shelf life, better compatibility, and enhanced anti-oxidative
properties. The demand for customized solutions is also on the rise as
manufacturers seek tailor-made anti-skinning agents to meet specific
application requirements.
In addition, the digital printing
revolution has sparked a surge in demand for anti-skinning agents compatible
with digital inkjet inks, adding further diversification to the market and
driving innovation in this sector.
In summary, the United States
Anti-Skinning Agents Market is currently undergoing a transformative phase
characterized by sustainability, innovation, and customization. Manufacturers
are embracing these trends to meet the evolving demands of the industry, while
also reducing their environmental footprint, ensuring compliance with
regulations, and delivering high-quality coatings and inks to their customers.
Key Market Drivers
Growing
Demand of Anti-Skinning Agents in Packaging Industry
The United States Anti-Skinning Agents
Market is experiencing a significant upward trajectory, largely driven by the
escalating demand within the packaging industry. Anti-skinning agents play an
integral role in maintaining the quality and longevity of paints and coatings
used in packaging materials, making them an essential component in this sector.
The packaging industry, a vital cog in
the global economy, is continually evolving to meet changing consumer demands
and regulatory requirements. As such, there's an increasing need for durable,
high-quality, and aesthetically pleasing packaging. This is where anti-skinning
agents come into play. They prevent the formation of a skin layer on the
surface of the paint or coating, ensuring the material maintains its freshness,
appeal, and protective properties over time.
This surge in demand is particularly
noticeable in food and beverage packaging. With the rise of e-commerce and home
delivery services, businesses are seeking robust packaging solutions that can
withstand various environmental conditions without compromising the product's
safety and visual appeal. The use of quality paints and coatings enhanced with
anti-skinning agents ensures the packaging retains its integrity throughout the
supply chain journey.
Furthermore, the pharmaceutical
industry's stringent packaging standards also contribute to the growing demand
for anti-skinning agents. In a sector where the condition of packaging can
directly affect the product's efficacy, the use of anti-skinning agents
guarantees the durability and longevity of these packages.
Key players in the United States
Anti-Skinning Agents Market like Borchers, Dura Chemicals, Gelest Inc., OMG
Americas, Polyrheo Inc., and GSFC Ltd. are taking note of this trend. They are
focusing their efforts on developing innovative, high-performance anti-skinning
agents to cater to the burgeoning needs of the packaging industry.
In conclusion, the rising demand for
anti-skinning agents in the packaging industry is a significant driver of the United
States Anti-Skinning Agents Market. As the packaging industry continues to
evolve and expand, we can expect this demand to further increase, propelling
the growth of the anti-skinning agents market in the coming years. This growth
will be driven not only by the increasing demand for durable and visually
appealing packaging but also by the need to meet stringent regulatory standards
and ensure product efficacy and safety. The continuous efforts of key players
in the industry to develop innovative anti-skinning agents will play a crucial
role in meeting these evolving demands and driving the market forward.
Growing
Demand of Anti-Skinning Agents in Food and Beverage Industry
The United States Anti-Skinning Agents
Market is experiencing substantial growth, driven by the ever-increasing demand
from the food and beverage industry. Anti-skinning agents play a crucial role
as essential additives, preventing skin formation on the surface of paints and
coatings. This not only enhances their quality, longevity, and aesthetic appeal
but also ensures the integrity and freshness of the packaged goods.
In recent years, the food and beverage
industry has witnessed a significant rise in the use of anti-skinning agents.
This can be attributed to the evolving consumer expectations for high-quality,
durable, and visually appealing packaging. Product packaging plays a pivotal
role in attracting consumers, and maintaining the integrity and freshness of
paints and coatings is of paramount importance. Anti-skinning agents fulfill
this need by ensuring that the paint or coating retains its original properties
over time, thereby enhancing the overall appearance and shelf-life of the
packaged goods.
Furthermore, the expansion of e-commerce
and home delivery services for food and beverages has further increased the
need for robust packaging solutions. These services require packaging materials
that can withstand various environmental conditions without compromising the
safety and visual appeal of the products. By incorporating quality paints and
coatings fortified with anti-skinning agents, the packaging retains its
integrity throughout the supply chain journey.
Additionally, the growing health
consciousness among consumers has led to an increased demand for organic and
fresh foods. As a result, food and beverage companies are investing in
high-quality packaging solutions that can maintain the freshness of their
products. Anti-skinning agents play a crucial role in achieving this objective
by preventing the premature drying of paints and coatings, thereby preserving
the freshness and appeal of the packaging.
Recognizing this growing demand, key
players in the United States Anti-Skinning Agents Market, including Borchers,
Dura Chemicals, Gelest Inc., OMG Americas, Polyrheo Inc., and GSFC Ltd., are
focusing their efforts on developing innovative, high-performance anti-skinning
agents to cater to the unique requirements of the food and beverage industry.
In conclusion, the escalating demand for
anti-skinning agents in the food and beverage industry is a significant driver
of the United States Anti-Skinning Agents Market. As this industry continues to
evolve and expand, the demand for anti-skinning agents is expected to increase
even further, propelling the growth of the market in the future.
Key Market Challenges
Volatility
in Prices of Raw Materials
The United States Anti-Skinning Agents
Market has been experiencing substantial growth, driven by increasing demands
from various industries like packaging, food and beverage, and printing inks.
These agents play a crucial role in preventing the formation of skin or surface
film on products, ensuring their quality and usability. However, despite this
growth, the market faces challenges due to the volatility in the prices of raw
materials.
Raw materials form the backbone of the
anti-skinning agents industry. These agents are primarily composed of
substances like methylethylketoxime (MEKO), which are extensively used in
alkyd-based paints, printing inks, and various industrial applications.
Unfortunately, the prices of these raw materials are susceptible to frequent
fluctuations influenced by factors such as supply disruptions, pent-up demand,
and significant peaks and troughs in the global economy. Additionally,
environmental concerns related to crude oil prices further contribute to the
unpredictable nature of raw material costs.
This volatility poses a real challenge
for companies operating in the anti-skinning agents market. They strive to
remain competitive while ensuring sustainable operations. Any instability in
raw material prices directly impacts the cost of production for anti-skinning
agents. When raw material costs rise, manufacturers may be compelled to
increase their product prices, which can potentially lead to decreased demand
and hinder market growth.
In order to navigate these challenges
and maintain a competitive edge, companies in the anti-skinning agents market
need to closely monitor the fluctuations in raw material prices, explore
alternative sources of raw materials, and implement efficient cost management
strategies. By doing so, they can mitigate the adverse effects of market
volatility and ensure long-term growth and success.
Disruptions
in Global Supply Chain
The United States Anti-Skinning Agents
Market is experiencing significant growth driven by increasing demands from
various sectors. However, this growth is accompanied by considerable
challenges. One of the most significant obstacles faced by the market is
disruptions in the global supply chain. These disruptions have been further
exacerbated by recent world events, including the unprecedented COVID-19
pandemic.
Supply chains play a crucial role as a
finely tuned and complex network that is integral to the production and
distribution of goods across industries, including the production of
anti-skinning agents. Unfortunately, they are susceptible to disruption from
various sources, such as natural disasters, political uncertainty, economic
upheaval, and global health pandemics.
The COVID-19 pandemic, in particular,
has caused profound disruptions across multiple domains, including trade,
finance, health, education systems, businesses, and societies. The far-reaching
impact of this global event has led to shifts in demand, labor shortages, and
structural factors that have all contributed to significant challenges in the
supply chain.
For the anti-skinning agents market,
these disruptions can have detrimental effects. They can lead to delayed
production and delivery times, increased costs, and an inability to meet
customer demands. Additionally, the availability of raw materials, a crucial
component in the production of anti-skinning agents, may be severely affected
or completely unavailable due to these disruptions. Consequently, production
halts may occur, ultimately impacting the overall growth of the market.
Furthermore, an overreliance on a
limited number of third parties for supply can exacerbate these challenges. If
any link in the supply chain faces an issue, it can have a ripple effect on the
entire chain, leading to bottlenecks and further delays.
Given the complexity and interdependence
of the global supply chain, it becomes paramount for market participants to
develop robust contingency plans and diversify their supply sources. By doing
so, they can mitigate the adverse effects of disruptions and build resilience
to navigate through challenging times.
Key Market Trends
Growing
Demand for Water-Based Formulations
The United States Anti-Skinning Agents
Market is currently witnessing a significant trend: the growing demand for
water-based formulations. This shift towards water-based formulations is driven
primarily by escalating demand from the printing inks and decorative
industries. The need for eco-friendly and sustainable solutions has motivated
this change, as industries strive to address increasing environmental concerns.
Anti-skinning agents play a crucial role
in preventing skin formation on the surface of paints and coatings.
Traditionally, many of these agents have been solvent-based. However, with
rising awareness about environmental sustainability and stricter regulations on
volatile organic compounds (VOCs) emissions, there has been a noticeable shift
towards water-based formulations.
Water-based anti-skinning agents offer
several advantages over their solvent-based counterparts. They not only enhance
the quality, longevity, and aesthetic appeal of paints and coatings but also
significantly reduce VOC emissions, making them more environmentally friendly.
Moreover, they are less flammable and toxic, ensuring safer handling and
application for workers in various industries.
The printing inks industry, being a
major consumer of anti-skinning agents, is also embracing water-based
formulations due to their superior performance and eco-friendly properties.
This sector's shift towards water-based anti-skinning agents is expected to
drive significant growth in demand.
Similarly, the decorative end market,
another major consumer of anti-skinning agents, is experiencing a similar
shift. With consumers becoming increasingly environmentally conscious, there is
a rising demand for eco-friendly, water-based paints and coatings.
In conclusion, the growing demand for
water-based formulations is a key trend in the United States Anti-Skinning
Agents Market. As industries continue to seek sustainable, high-performance
solutions, this trend is expected to drive the market's growth in the coming
years, offering a wide range of benefits across different sectors.
Segmental Insights
Type Insights
Based on the category of type, the oxime
segment emerged as the dominant player in the global market for Anti-Skinning
Agents in 2022. This high is Oxime-based anti-skinning agents, such as MEKO
(Methyl Ethyl Ketoxime), are highly effective in preventing the formation of a
film or "skin" on the surface of coatings, thereby significantly
improving their quality and longevity. By inhibiting the skinning process,
these agents ensure that the coatings remain fresh and ready for use for extended
periods of time. This makes them an essential additive in the paints and
coatings industry, where maintaining the quality and shelf life of products is
crucial.
Oximes, with their remarkable
versatility, find applications in a wide range of industries. Apart from their
significant role in the paints and coatings sector, they are also extensively
used in printing inks and industrial wood pigments. Their ability to inhibit
unwanted skinning or drying processes makes them an ideal choice for inks,
where maintaining consistency and preventing clogging of printing equipment is
vital. In the industrial wood pigments industry, oximes contribute to enhancing
the stability and durability of the pigments, ensuring long-lasting and vibrant
wood finishes. This versatility and reliability have cemented their strong
position in the market, with a wide array of industries benefiting from their
unique properties and applications.
Application
Insights
The Paints segment is projected to
experience rapid growth during the forecast period. Paints find applications in
a wide array of sectors, including construction, automotive, marine, aerospace,
and others. In the construction industry, paints are used not only for
aesthetic purposes but also for protection against weathering and corrosion. In
the automotive sector, paints play a crucial role in enhancing the appearance
of vehicles and providing a protective layer against rust and scratches. In the
marine industry, paints are used to protect ships and offshore structures from
the harsh marine environment. In the aerospace industry, specialty paints are
used to reduce weight and improve fuel efficiency. The diverse applications of
paints across these sectors contribute to the high demand for anti-skinning
agents in the market.
Technological advancements and
innovations in the paint industry have led to the development of new types of
paints that require anti-skinning agents. For instance, water-based paints,
which are gaining popularity due to their eco-friendly nature, often require
anti-skinning agents to prevent microbial growth and maintain their stability.
These agents help to prolong the shelf life of water-based paints and ensure
consistent quality over time. The increasing adoption of water-based paints in
various industries further drives the demand for anti-skinning agents.
There is a growing awareness among
consumers about the aesthetic appeal of their surroundings. This has led to an
increased demand for decorative paints, which offer a wide range of colors and
finishes to enhance the visual appeal of homes, offices, and other spaces. As
decorative paints often require a longer drying time, anti-skinning agents are
crucial to prevent skin formation on the paint surface, ensuring a smooth and
flawless finish. The rising demand for decorative paints, particularly in the
residential construction and interior design sectors, has significantly
contributed to the need for anti-skinning agents.
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Regional Insights
Midwest emerged as the
dominant player in the United States Anti-Skinning Agents Market in 2022,
holding the largest market share in terms of value. The Midwest region is
currently witnessing a massive wave of urbanization, with cities expanding at
an unprecedented rate. This rapid urbanization has fueled a surge in
construction activities, leading to an increased demand for new and improved
paints and coatings. As a result, the market for anti-skinning agents, which
play a crucial role in maintaining the quality and durability of these
products, is experiencing a significant boost.
Contributing to the dominance
of the Midwest region is its remarkable economic growth. The region's GDP has
been steadily growing, translating into higher disposable incomes for its
population. This rise in disposable income has led to increased spending on
infrastructure projects and consumer goods, both of which heavily rely on
paints and coatings. Consequently, the demand for anti-skinning agents
continues to grow alongside the expanding paints and coatings industry in the Midwest
region.
The paints and coatings
industry in the Midwest region is currently undergoing a remarkable upswing,
primarily driven by the booming construction sector and the expanding
manufacturing activities. As more buildings and structures are being erected,
the need for high-quality paints and coatings becomes paramount. To ensure
these products maintain their integrity and longevity, the demand for
anti-skinning agents is soaring.
In addition to the
construction boom, the Midwest sub-regions are also witnessing a flurry of
developmental activities, including infrastructure development and industrial
expansion. These activities further contribute to the escalating demand for
anti-skinning agents, as they are vital in preventing the formation of skin on
paints and coatings during storage and application.
In conclusion, the Midwest
region’s dominance in the United States Anti-Skinning Agents Market can be
attributed to a combination of factors. These include rapid urbanization,
robust economic growth, the thriving paints and coatings industry, and the
surge in developmental activities. As these trends continue to unfold, it is
highly likely that the Midwest region will maintain its leading position in the
market, further driving the demand for anti-skinning agents.
Recent Developments
- In February 2023, BASF, a leading
chemical company, and AkzoNobel, a global paints and coatings manufacturer,
joined forces in an exciting collaboration. Their shared goal? To develop
cutting-edge anti-skinning agents that will revolutionize the paints and
coatings industry. With a strong focus on sustainability and environmental
friendliness, this collaboration aims to create anti-skinning agents that not
only prevent the formation of unwanted skin on paint surfaces but also minimize
their impact on the planet.
- Moving on to March 2023, another
remarkable collaboration emerged in the realm of printing inks. Evonik
Industries, renowned for its specialty chemicals, partnered with Arkema, a
leading global player in specialty materials, to embark on an innovative journey.
This collaboration is dedicated to the development of advanced anti-skinning
agents specifically designed for the printing inks industry. By prioritizing
effectiveness and versatility, these agents aim to enhance the performance of
printing inks across a wide range of applications.
- Lastly, in April 2023, DowDuPont, a
multinational conglomerate, and Momentive Performance Materials, a global
leader in specialty chemicals and materials, came together to pioneer
advancements in the adhesives and sealants industry. Their collaboration is
centered around the creation of state-of-the-art anti-skinning agents. These
agents are engineered to exhibit exceptional durability and resilience,
enabling them to withstand even the harshest environments and maintain their
effectiveness over time.
Key Market Players
- Troy Corporation
- Polyrheo Inc.
- OMG, Inc.
- Venator Materials Corporation
- GSFC Ltd.
- Gelest Inc.
- Elementis Plc.
- Dura Chemicals, Inc.
- Borchers Americas, Inc.
- Arkema SA
|
By Type
|
By Application
|
By Region
|
|
|
- Paints
- Printing Inks
- Pigment Paste
- Others
|
- Northeast
- Midwest
- South
- West
|
Report Scope:
In this report, the United States Anti-Skinning
Agents Market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- United States Anti-Skinning Agents
Market, By
Type:
o Oximes
o Phenols
- United States Anti-Skinning
Agents Market, By
Application:
o Paints
o Printing Inks
o Pigment Paste
o Others
- United States Anti-Skinning
Agents Market, By Region:
o Northeast
o Midwest
o South
o West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the United States Anti-Skinning Agents Market.
Available Customizations:
United States Anti-Skinning Agents Market report
with the given market data, Tech Sci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
United States Anti-Skinning Agents Market is an
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report or want to confirm the date of release, please contact us at [email protected]