Europe Anti-fog Additives Market Size & Outlook, 2021-2030
Europe anti-fog additives market, 2018-2030 (US$M)
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Europe anti-fog additives market highlights
- The Europe anti-fog additives market generated a revenue of USD 427.3 million in 2021.
- The market is expected to grow at a CAGR of 6.3% from 2022 to 2030.
- In terms of segment, glycerol esters was the largest revenue generating product in 2021.
- Polyglycerol Esters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Russia is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 427.3 million |
| Market revenue in 2030 | USD 740.2 million |
| Growth rate | 6.3% (CAGR from 2021 to 2030) |
| Largest segment | Glycerol esters |
| Fastest growing segment | Polyglycerol Esters |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glycerol Esters, Ethoxylated Sorbitan Esters, Polyglycerol Esters, Sorbitan Esters, Polyoxyethylene Esters |
| Key market players worldwide | Clariant AG, Akzo Nobel NV, Ashland Inc, Croda International PLC, Evonik Industries AG, Avient Corp, DuPont de Nemours Inc, Palsgaard, Lifeline Biotechnologies Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.8% of the global anti-fog additives market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,276.6 million by 2030.
Glycerol esters was the largest segment with a revenue share of 32.18% in 2021. Horizon Databook has segmented the Europe anti-fog additives market based on glycerol esters, ethoxylated sorbitan esters, polyglycerol esters, sorbitan esters, polyoxyethylene esters covering the revenue growth of each sub-segment from 2018 to 2030.
The European Commission announced Horizon 2020 Strategy, which is intended for promoting the industrial growth of naturally derived products. Abovementioned trend is anticipated to be witnessed in manufacturing of glycerol esters, sorbitol esters and polyoxyethylene esters. Therefore, this trend is projected to open new markets for anti-fog additives over the next eight years.
Rising demand for biofuels and biopolymers in developed countries including Germany as a result of government support aimed for reducing greenhouse emissions on a domestic level is projected to reduce the availability of sugar alcohols and lactic acids for producing anti-fog additives.
Sluggish growth rate in manufacturing sector on account of increasing utility expenditure is projected to shrink the application of agriculture and food packaging in Europe. However, increasing demand for convenience foods particularly frozen bakery goods in countries including Turkey and Poland is projected to expand the scope of packaging films and thus likely to fuel the demand for anti-fog additives over the next eight years.
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Anti-Fog Additives Market Scope
Anti-Fog Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe anti-fog additives market size, by country, 2018-2030 (US$M)
Europe Anti-Fog Additives Market Outlook Share, 2021 & 2030 (US$M)
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