Low retention additive market is anticipated to grow at a CAGR of 6.5% during the forecast period (2024-2031). Stringent REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) and EPA (Environmental Protection Agency) regulations regarding volatile organic compounds (VOCs) and toxic content in solvent-based additives have led to the commercialization of low retention additives with improved performance. Further, the growing use of fluorosurfactants as wetting and leveling agents and the demand for better performance of low retention additives as compared to other surfactants are fueling the industry’s growth.
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COVID-19 had a positive impact on the market. Demand for low retention coatings from the pharmaceutical and medical devices sector and hospitals has contributed to the market’s growth significantly during 2020 and 2021. The low retention additive witnessed 15% and 22.6% growth in 2020 and 2021, respectively. COVID-19 has created a significant demand for diagnosis and treatment across the globe. The exponential growth in positive COVID-19 cases gave rise to the demand for quick diagnostic test kits to detect the virus in clinical specimens. The extensive development of PCR diagnostic test kits increased the demand for consumables such as pipettes and centrifugal tubes, which contributed to the demand for low retention additives in the labware industry.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Low Retention Additive Market by Industry
- Labware Industry
- Medical Device Industry
- Textile Industry
- Automotive Industry
- Packaging Industry
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Polymer, Inc
- Avient Corp
- Cytonix LLC
- Dow Inc
- Goulston Technologies, Inc.
- Kao Chemicals Europe. S.L.
- Polyvel Inc.
- Silma S.R.L.
- Techmer PM, LLC
- Zhejiang Java Specialty Chemicals Co., Ltd.
- NBD NanotechnologiesAbengoa, S.A.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global low retention additive market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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