Antistatic Agents Market analysis of effective business strategies 2018 to 2026

Antistatic agents reduce buildup of static electricity in polymers to stop handling problems and dust building during storage and transportation. Growing e-commerce packaging market is a major factor driving growth of the global antistatic agents market. According to Coherent Market Insights’ analysis, the e-commerce packaging market is projected to register a CAGR of 5.76% over the forecast period (2017 – 2025), reaching US$ 33.89 billion by 2025.

Antistatic agents prevent or reduce accumulation of static electricity on surfaces. Fatty acid esters, quaternary ammonium compounds, alkylsulfonates, ethoxylated amines, and alkylphosphates are some of the widely used antistatic agents. Antistatic agent eliminates problems such as dust pick up, and electrical discharge

Growing industrial packaging industry is expected to boost demand for antistatic agents over the forecast period. Antistatic agent is widely used in packaging to prevent static build-up that may damage goods such as electronic components. Moreover, dust and other fine particles are not drawn to the packaging surface as antistatic agents dissipate charge from the surface. According to a Coherent Market Insights’ study, industrial packaging market is projected to reach US$ 97.2 billion by 2025 and to exhibit a CAGR of 6.1% over the forecast period (2017-2025). Therefore, significant growth in the global industrial packaging market is expected to boost growth of the antistatic agents market.

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North America accounted for the second largest market share in 2017, in the global antistatic agents market. This is owing to increasing demand for plastic from packaging industry. According to the U.S. Environmental Protection Agency (EPA), around 33.40 million tons of plastic was produced in 2014 and it increased to 34.5 million tons in 2015, in the U.S. This in turn is driving the antistatic agents market as it is widely used to prevent static buildup in plastic industry.

Furthermore, growth in electronics and automotive industry is expected to propel demand for antistatic agents in North America. According to the U.S. International Trade Agency (ITA), the U.S. was one of the largest markets in the global automotive market in 2017. Also, automotive production in Canada was valued at US$ 75,403 million in 2015 and increased to 80,141 million in 2016.

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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.

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