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Press Release: Antistatic Agents Market to Surpass 743.3 Million by 2026
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global Antistatic Agents Market - Insights
Antistatic agents prevent or reduce accumulation of static electricity on surfaces. Fatty acid esters, quaternary ammonium compounds, alkylsulfonates, ethoxylated amines, and alkylphosphates are some of the widely used antistatic agents. Antistatic agent eliminates problems such as dust pick up, and electrical discharge
Growing industrial packaging industry is expected to boost demand for antistatic agents over the forecast period. Antistatic agent is widely used in packaging to prevent static build-up that may damage goods such as electronic components. Moreover, dust and other fine particles are not drawn to the packaging surface as antistatic agents dissipate charge from the surface. According to a Coherent Market Insights’ study, industrial packaging market is projected to reach US$ 97.2 billion by 2025 and to exhibit a CAGR of 6.1% over the forecast period (2017-2025). Therefore, significant growth in the global industrial packaging market is expected to boost growth of the antistatic agents market.
New antistatic coatings available in the market are used in windows, specialty papers, instrument housings, photographic films, construction and building materials, release coatings, and packaging materials such as trays. Increasing demand for antistatic coatings for various applications is expected to contribute to significant growth of the market. According to the British Coating Federation, the paints and coating industry in the U.K. was valued at US$ 2.4 billion in 2016.
Manufacturers are focused on launching innovative products containing antistatic agents such as films, sprays, and coatings, which in turn is fuelling growth of the global antistatic agents market. For instance, in August 2017, Uflex launched white antistatic twist wrap bi-axially oriented polyethylene terephthalate (BOPET) film, FLEXPETTM F-WTG-AS for the candy and confectionery industry.
Regulations on antistatic agents, especially for those used in food packaging materials are expected to hinder growth of the global antistatic agents market. For instance, Section 178.3130 of the Code of Federal Regulations, U.S. Food and Drug Administration (FDA) limits the use of antistatic agent in food packaging material. For instance, alpha-(carboxymethyl)-omega-(tetradecyloxy)polyoxyethylene) can only be used as antistatic agent at levels less than 0.2 pct and not more than 0.001 inch thickness in polyolefin film as per the U.S. FDA regulation.
The global antistatic agents market was valued at US$ 416.1million in 2017 and is expected to register a CAGR of 6.3% in terms of value, during the forecast period (2018 – 2025) to reach US$ 743.3 million by 2025.
Figure 1. Global Antistatic Agents Market Share (%) (US$ Mn), By End user, 2017
Source: Coherent Market Insights, 2017-18
Asia Pacific accounted for the highest market share in the global antistatic agents market in 2017 and is projected to retain its market share during the forecast period. China and India were the major contributors to the growth of antistatic agents market in Asia Pacific. Growing electronic industry is one of the major factors supporting growth of the antistatic agents market in the region. Major application of antistatic agents is in packaging of electronic products. Computer components and items of similar nature can be easily damaged by static discharge. Antistatic agents are used to maintain a static-free environment for electronic products. According to the India Brand Equity Foundation, electronics products market in India is projected to witness a CAGR of 41% during 2017-20 and is estimated to reach US$ 400 billion by 2020. This is turn is expected to increasing demand for antistatic packaging, thereby propelling the market growth.
Figure 2. Global Antistatic Agents Market Share (%) (US$ Mn), By Region, 2017
Source: Coherent Market Insights, 2017-18
Major players operating in the global antistatic agents market include, Akzo Nobel N.V., 3M Company, BASF SE, Ampacet Corporation, DowDuPont Inc., Arkema Group, Clariant AG, Croda International plc., Mitsubishi Chemical Corporation, Kenrich Petrochemicals Inc., and Solvay S.A. among others.
Antistatic agents reduce buildup of static electricity in polymers to stop handling problems and dust building during storage and transportation. Growing e-commerce packaging market is a major factor driving growth of the global antistatic agents market. According to Coherent Market Insights’ analysis, the e-commerce packaging market is projected to register a CAGR of 5.76% over the forecast period (2017 – 2025), reaching US$ 33.89 billion by 2025.
Market Dynamics
North America accounted for the second largest market share in 2017, in the global antistatic agents market. This is owing to increasing demand for plastic from packaging industry. According to the U.S. Environmental Protection Agency (EPA), around 33.40 million tons of plastic was produced in 2014 and it increased to 34.5 million tons in 2015, in the U.S. This in turn is driving the antistatic agents market as it is widely used to prevent static buildup in plastic industry.
Furthermore, growth in electronics and automotive industry is expected to propel demand for antistatic agents in North America. According to the U.S. International Trade Agency (ITA), the U.S. was one of the largest markets in the global automotive market in 2017. Also, automotive production in Canada was valued at US$ 75,403 million in 2015 and increased to 80,141 million in 2016.
Key players operating in the global antistatic agents market are focused on launching new products to cater to increasing demand for antistatic agents. For instance, in September 2017, Clariant introduced amide/amine free antistatic Masterbatch for polyethylene film used in pharmaceutical industry that provides good static-dissipating performance at a competitive cost profile relative to alternatives.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
* Browse 114 market data tables* and 37 figures* on "Antistatic Agents Market” - Global forecast to 2026.
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