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Antistatic Agents market To Reach $ 700 million in 2026, Growing A Cagr Of 9.2% | Akzo Nobel N.V., 3M Company, BASF SE, Ampacet Corporation,

10-26-2021 01:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Antistatic Agents  market

Antistatic Agents market

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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Detailed Segmentation:

Global Antistatic agents Market, By Product Type:
Glycerol Monostearate
Diethanolamides
Ethoxylated Fatty Acid Amines
Others

Global Antistatic agents Market, By Polymer Type:
Polypropylene (PP)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Others

Regulations on antistatic agents, especially for those used in food packaging materials are expected to hinder growth of the global antistatic agents market. For instance, Section 178.3130 of the Code of Federal Regulations, U.S. Food and Drug Administration (FDA) limits the use of antistatic agent in food packaging material. For instance, alpha-(carboxymethyl)-omega-(tetradecyloxy)polyoxyethylene) can only be used as antistatic agent at levels less than 0.2 pct and not more than 0.001 inch thickness in polyolefin film as per the U.S. FDA regulation.

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Asia Pacific accounted for the highest market share in the global antistatic agents market in 2017 and is projected to retain its market share during the forecast period. 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.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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