Global Antistatic Agents Market was valued at USD 462.60 Mn in 2019 and is expected to reach at USD 750.21 Mn by 2027 at a CAGR of 6.23% over forecast period 2020-2027.
Global Antistatic Agents Market Drivers and Restrains
Antistatic agent is used for treatment of materials or their surfaces in order to reduce or eliminate build-up of static electricity. Antistatic agent makes the surface or the material itself slightly conductive by absorbing moisture from the air preventing the formation of static charges and hindering the fixation of dust. Various benefits of antistatic agents such as it reduces electrostatic build up or improve the conductivity, prevent dust and other pollutant attraction , very effective dispersion on films or molded articles , lower the surface resistivity are expected to benefit the overall anti-static agents industry demand over the forecast period. Moreover an increasing demand from various end-use industries such as packaging, electronics, textiles and automotive, rising disposable income of the middle-class population, ongoing urbanization, this, in turn, is fuelling the growth of for antistatic agents market over forecast period.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
However factors such as an easy availability of cheaper substitutes, volatility in raw material prices and differing government rules and regulations in various countries are expected to restrain the market growth over forecast period.
Global Antistatic Agents Market Segmentation Analysis
Global Antistatic Agents Market is segmented by Form, Product, by End-Use Industry and by region. By form, the liquid segment led the market with 57% of market share in 2019 and is expected to keep its dominance over forecast period. Liquid antistatic agents have a higher tendency to migrate over the material surfaces as compared to other forms of antistatic agents. These agents are used mainly in spraying and efficient dyeing applications. By product an ethoxylated fatty acid amines segment is expected to hold highest market share over forecast period attributed to the high processing stability of ethoxylated fatty acid amines and improved performance benefits offered by them as compared to other types of antistatic agents. By end-use industry, the packaging end use industry held 36% of market share in 2019 and is expected to keep its dominance over forecast period. The demand for plastics and resins from the packaging industry is growing at a rapid pace. Antistatic agents are one of the major functional agents used in the plastic industry for processing of plastic resins. Major challenges faced by manufacturers of antistatic agents include efficient management of wastes and disposables that are generated by packaging and electronics industries.
Global Antistatic Agents Market Regional Analysis
By geography, APAC region is led the market with 38% of market share in 2019 and is expected to keep its dominance over forecast period. Countries such as China, India, Japan and Indonesia are the major consumers of antistatic agents in the Asia Pacific region. Improving lifestyle of the population, increasing investments in the automotive, packaging industry, and flourishing electronics, and textiles industries in Asia Pacific are fuelling the demand for antistatic agents in the region, thereby contributing to the growth of the Asia Pacific antistatic agents market. APAC is followed by Europe and North American regions. North America played a significant role in the overall industry. U.S. showed increase in demand for anti-static agents over the past few years. Industry participants have invested heavily in R&D initiatives to develop products with superior quality at economic prices in this region. These strategies are creating ample opportunities for the anti-static agent’s industry players to gain competitive advantage in this region.
Global Antistatic Agents Market Competitive Landscape
Report covers key development and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this report are AkzoNobel, LyondellBasell, BASF SE, The Dow Chemical Company, E.I. DuPont de Nemurs & Co., Mitsubishi Chemical Corporation, Evonik Industries and 3M. These key players held 67% of the market in 2019. These players are adopting various inorganic and organic growth strategies such as merger & acquisition, expansion, strategic alliances, joint ventures and patent to increase their regional presence and business opeartions.
The objective of the report is to present a comprehensive analysis of the Global Antistatic Agents Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Antistatic Agents Market dynamics, structure by analyzing the market segments and project the Global Antistatic Agents Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Antistatic Agents Market make the report investor’s guide.
Scope of Global Antistatic Agents Market
Global Antistatic Agents Market by Form
Global Antistatic Agents Market by Product
• Ethoxylated Fatty Acid Amines
• Glycerol Monostearate
Global Antistatic Agents Market by End-Use Industry
Global Antistatic Agents Market by Region
• North America
• MEA and Africa
• Latin America
Global Antistatic Agents Market Players
• BASF SE
• The Dow Chemical Company
• E.I. DuPont de Nemurs & Co.
• Mitsubishi Chemical Corporation
• Evonik Industries
• Safic Alcan Deutschland Gmbh
• Cytec Industries Inc.
• Yantai Tayho Advanced Materials Co. Ltd.
• Noble Biomaterials
• Tianyu Textiles
• W.L. Gore and Associates Inc.
• Kimya Sanayii AS
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