COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Antistatic Agents Market
Antistatic Agents Market is likely to witness an impressive CAGR of 6.3% during the forecast period. The prime factor that is contributing to the demand for antistatic agents is mainly the increasing demand for safety and precaution in various industrial applications, such as automotive packaging, and electronics.
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.
Market Scope & Market Segmentation
Antistatic Agents Market Share: By Form Type
Based on the form type, the Antistatic Agents 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.
Antistatic Agents Market Share: By Product Type
Based on the product type, the Antistatic Agents 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.
Antistatic Agents Market Share: By Polymer Type
Based on the polymer type, the Antistatic Agents 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.
Antistatic Agents Market Share: By End-Use Industry Type
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.
Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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