Antistatic Agent Market Trend with Global Foresight 2023 | Emerging Industry Reviews - 3M, BASF SE, DowDuPont, Akzo Nobel, Croda International, A. Schulman, Arkema, Solvay, Evonik Industries, Clariant, LyondellBasell and Mitsubishi Chemical Holdings

Regional Analysis

The Global Antistatic Agents Market has been analyzed with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific dominated the global market in 2017 due to an increase in the demand for and production of automobiles in the region. Additionally, the electronics industry in countries such as Japan, India, and China is expected to propel product demand during the forecast period.

The North American Market accounted for the second-largest share in 2017 due to increased demand for antistatic agents in the reviving automotive industry in the region. Also, the electronics and military and aerospace industries in the region are fueling the demand for antistatic agents.

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The European market is likely to see considerable growth owing to the high production and sales of automotive parts in Western European countries such as UK, France, Germany, and Italy.

The Latin American market is projected to grow at a significant rate due to the development of growth-centric countries such as Argentina, Brazil, and Chile.

The market in the Middle East & Africa is likely to grow substantially due to the growth of the textiles and automotive industries in the region.

Segmental Analysis

The Global Antistatic Agents Market has been segmented by Antistats, Polymer Type, End-Use Industry and Region.

On the Basis of Antistats, the global market has been segmented into ethoxylated fatty acid amines, diethanolamides, glycerol monostearate, quaternary ammonium compounds, alkylsulfonates, and others.

Based on Polymer Type, the market has been segmented into PP, ABS, PE, PVC, PET, and others.

By End-Use Industry, the market has been segmented into packaging, electronics, automotive, textile, military, and others.

Synopsis

Antistatic Agents are added to polymers to prevent the build-up of static electricity and increase the dielectric surface and volume conductivity in plastic materials. Static build-up on plastic surfaces hampers processing and causes various issues such as increased handling problems during transport, storage, and packaging, dust attraction that affects both the quality and performance of the product, and risk of electrical shock to consumers as well as employees in manufacturing plants.

Global demand for Antistatic Agents is increasing due to the widespread use of plastics in almost every major end-use industry. The large-scale application of plastic in the packaging industry is a major driver for the growth of the Antistatic Agents Market. Plastic is lightweight, corrosion resistance, chemically inert, durable, and recyclable, resulting in manufacturers and consumers preferring it over metal and wood. This, in turn, has led to an increased demand for antistatic agents in the packaging industry. Plastic is used in electronics as it is cost-effective and flexible, which is expected to fuel the demand for Antistatic Agents. Additionally, some of these agents do not pose environmental risks as they are biodegradable and non-hazardous when dissolved in water, which is a driver for market growth. Furthermore, the increasing demand for lightweight and fuel-efficient automobiles is driving the demand for antistatic agents. The research and development of Antistatic Agents are expected to offer lucrative opportunities in the pharmaceuticals sector. For example, in 2017, Clariant announced a new amide/amine-free antistatic masterbatch concentrate for polyurethane films used in pharmaceutical production. However, management of electronic and packaging waste may hinder market growth during the forecast period.

Some of the key developments observed in the market include agreements and acquisitions. For instance, in 2017, Clariant strengthened its collaboration with the biaxially-oriented polypropylene (BOPP) manufacturer Gettel High-Tech Materials Co., Ltd in China to promote the use of additives and liquid-feeding technology in the BOPP industry. In another instance, in 2017, Croda International Plc acquired IonPhase, an innovative technology supplier of static electricity protection products, for approximately USD 28 million.

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