The global antistatic agents market
was valued at US$ 416.1 million in 2017, according to Antistatic Agents Market Report, by Product Type (Glycerol Monostearate, Diethanolamides, Ethoxylated Fatty Acid Amines, and Others), by Polymer Type (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), and Others), by End-use Industry (Packaging, Automotive, Electronics, Textile, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by
. The global antistatic agents market is projected to reach US$ 743.3 million by 2026, exhibiting a CAGR of 6.3% during the forecast period.
Antistatic agents prevent electric discharge during plastic packaging, which may result in dust explosions or fire and also prevent defects in plastic packaging films. Increasing demand for plastic packaging is a major factor driving growth of the global antistatic agents market. According to a ’ study, global plastic packaging market was valued at US$ 300.86 billion (revenue) and 91,520.07 kilo tons (volume) in 2016 and is expected to witness a CAGR of 5.3% in terms of revenue and 5.1% in terms of volume during 2017 – 2025.
Antistatic sprays and coatings are widely used in packaging, electronics, and other industries. Key players operating in the antistatic agents market are focused on launching innovative products, which in turn is propelling the market growth. For instance, in April 2017, Novatic launched anti-static and static dissipative polyurethane coatings based on nanotechnology. In July 2015, CILS launched anti-static PCB durable labels for electronic devices.
According to ’ study, anti-static bag product type segment held a market share of 47% in 2017 in the global ESD bags market. Furthermore, the ESD bags market which includes antistatic bags is estimated to reach US$ 601.48 million by 2026 from US$ 339.90 Million in 2017, which in turn is boosting growth of the antistatic agents market.
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Key Trends and Analysis of the Antistatic Agents Market:
Key Takeaways of the Market:
- Packaging segment held the highest market share in the global antistatic agents market in 2017. Rapid growth in packaging industry is one of the major factors driving growth of the global antistatic agents market. For instance, according to India Brand Equity Foundation, (IBEF), India packaging industry was valued at US$ 27.8 billion in 2014 and increased to US$ 17.3 billion in 2011, witnessing a CAGR of 14.9%.
- Asia Pacific is expected to be the fastest growing region in the market during the forecast period. Moreover, Asia Pacific accounted for the highest market share of 48% in 2017 in the market and is projected to retain its dominance throughout the forecast period. This is attributed to increasing demand for antistatic agents from packaging and textile industries. In textile industry, antistatic agents are used in dyeing and restricting generation of static electricity in the process of spinning of polyester, polypropylene fiber, polyacrylonitrile fiber, polyacrylonitrile, polyester, and others. Cabinet Committee on Economic Affairs (CCEA), Government of India, announced investment of US$ 202.9 million under the scheme 'Scheme for Capacity Building in Textile Sector (SCBTS) with for duration of 2017 to 2020. Such investments are expected to drive growth of the textile industry in India, which in turn is propelling the antistatic agents market growth.
- 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.