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 Coherent Market Insights. 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 Coherent Market Insights’ 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 Coherent Market Insights’ 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:
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