The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Antistatic Agents Market.
It was estimated prior to this unanticipated outbreak that the Antistatic Agents Market was expected to grow at a CAGR of 6.3% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Antistatic Agents are the chemical substances which help in reducing or eliminating the buildup static electrical charge which occur due to the transfer of electrons. They help in enhancing the conductivity of the material by absorbing the moisture from the surrounding environment or by itself.
Antistatic Agents are of different types, such as liquid and powder, that are used in various end-use industries, such as packaging, automotive, and electronics.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the form type, the market is segmented as liquid, powder, and others. The liquid segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of liquid antistatic agents in spraying and efficient dyeing applications is driving the growth of this segment. Liquid antistatic agents have a higher tendency to migrate over material surfaces as compared to other forms of antistatic agents.
Based on the product type, the market is segmented as ethoxylated fatty acid amines, glycerol monostearate, diethanolamides, and others. The ethoxylated fatty acid amines segment held the largest share of the market in 2019, and is expected to dominate the market during the forecast period. The extensive use of ethoxylated fatty acid amines in the manufacturing of films & sheets used in the packaging industry to remove or reduce the static charge build-up over their surfaces is driving the growth of this segment.
Based on the polymer type, the market is segmented as polypropylene, acrylonitrile butadiene styrene, polyethylene, polyvinyl chloride, and others. The polypropylene segment held the largest share of the market in 2019, and is likely to maintain its dominance during the forecast period. The varied use of polypropylene antistatic agents in the manufacturing of rigid packaging, flexible packaging, and Biaxially Oriented Polypropylene (BOPP) films is driving the growth of this segment.
Based on the end-use industry type, the market is segmented as packaging, automotive, and electronics. The packaging industry segment dominates the market. Further, the demand for plastics and resins from the packaging industry is growing at a rapid pace across the globe, which is propelling the growth of the segment during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing antistatic agents market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as packaging, automotive, and electronics, which is generating huge demand for antistatic agents and the presence of a large number of antistatic agent manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major antistatic agent manufacturers are-