Coherent Market Insights

Antistatic Agents Market Was Valued at US$ 497.30 Mn in 2021

Antistatic Agents Market Was Valued at US$ 497.30 Mn in 2021 - Coherent Market Insights

Publish In: Dec 28, 2022

Global Antistatic Agents Market was valued at US$ 497.30 million in 2021, 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

Global antistatic agents market was valued at US$ 497.30 Million in 2021. Antistatic agents market is expected to register a CAGR of 6.59% over the forecast period (2022–2030), to reach US$ 880.97 Million by 2030.

Physical properties, such as low toxic, and high ionic strength, is expected to benefit the overall anti-static agents industry demand over the forecast period. This agent improves mold release, process ability, and improves external & internal lubrication. These agents serve numerous end-use industries such as industrial packaging, electronics, coatings, military jet fuels, and electronics.

Packaging industry utilizes anti-static agents to avoid electrical discharge during transportation. They are also used for producing textile dyes as setting agents. Growing demand for this agent-based polyurethane foams used in beddings, furniture, and automotive seats is expected to widen the application range. A huge increase in cationic fixation based additives for inkjet paper coating has played a crucial role in the global anti-static agent market growth. The jet fuel industry uses this agent as an additive to improve fuel performance. An increase in industry participants have led to new technological advances in jet fuel anti-static additives such as Stadis 425 and Dorf Ketal’s SR 1795. This compound is also used in electronics devices to prevent sparks and safeguard various parts from electrostatic dissipation.

 COVID-19 wreaked global havoc beginning last year. It’s still a global scourge. Many governments realized that it was a dangerous virus. That’s why they sought to contain its spread with imposed quarantines and lockdowns. These were temporary since they had limited effect.

Many industries and markets suffered because they were forced to either scale back production or temporarily halt production thanks to the quarantines and lockdowns. The anti-static agents market was no exception. Companies that made anti-static agents found that the raw materials were hard to come by since few companies were producing them. The few raw materials that they could procure were very expensive. This increased their overall production costs and raised the end price of these units.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/antistatic-agents-market-2319

Browse 50 market data tables* and 40 figures* on "Global Antistatic Agents Market” - Forecast to 2030.

Key Trends and Analysis of the Global Antistatic Agents Market:

  • Among regions, Asia Pacific accounted for a significant market share of 42% in 2021. 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 2019-20 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

Key Takeaways of the Global Antistatic Agents Market:

  • According to Coherent Market Insights in 2021, among end use industry, packaging segment held largest revenue share of 37% in the global antistatic agents market in 2021.
  • Key players operating in the antistatic agents market are focusing on various strategies in order to strengthen their market presence and expand their product portfolio. For instance, in November 2019, Suiko Co. Ltd, a Japanese general trading company adopted BASF’s light stabilizer, to make rotationally-molded low-density polyethylene (LDPE) slides, complete with UV stabilized and antistatic properties, for children’s playgrounds. LDPE playground slides are prone to UV degradation, which causes discoloration and deterioration of physical properties.
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the antistatic agents are key strategies adopted by players in the global antistatic agents market. For instance, in June 2019, Kao Corporation, a chemical and cosmetics company extended its output after completing a joint venture with Apical Group’s PT Apical. With this the company expanded the manufacturing capacity of fatty acids, which are needed to make antistatic agents. As a result of this, the company has been able to expand its reach and strengthen its supply chain, resulting in high-quality products for a variety of applications.

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