Antistatic agent Market – Market Overview:
The global antistatic agent market is growing with
the spontaneous pace; mainly due to the burgeoning packaging and electronics
industries. According to a recent study report published by the Market Research
Future, the global market of antistatic agent is prospering and expected to
gain strong acclaim over the forecast period. The market is projected to
demonstrate a remarkable growth by 2022, surpassing its previous growth records
in terms of value with a striking CAGR during the forecasted period (2017 –
2022).
Globally, the market for antistatic agent is driven by the
region Asia Pacific, owing to expanding production capacity and increasing
demand for the product in end-use applications. These agents are utilized to
avoid the formation of static electricity and dust particles on the product.
High processing ability and standard performance are the major factors behind
their growth in the market.
Increasing demand for the product in end-use
applications such as soaps, shampoos, hair conditioner, and others signifies
the growth of cosmetics industry. Moreover, increasing consumption of compound
in electronics, automotive, and textile sectors provide a boost to the
antistatic agent market growth.
On the other hand, the changing prices of raw
materials and stringent regulations implemented by the regulatory bodies are
estimated to hinder the market growth over the assessment period.
Antistatic agents are used in various industries
such as packaging, electronics, automotive, textile and others to impart
superior performance, long life, and reliable nature to the final product. They
are also utilized in aviation, ink industries due to enhanced efficiency, and
improved fuel performance offered by them. Due to these factors, the increasing
demand of antistatic agents has prompted the manufacturers and investors to
adopt them in end-use applications. Additionally, the increasing mergers &
acquisitions among the leading companies is estimated to drive the market
during the forecast period.
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Antistatic agent Market - Regional Analysis Geographically, Asia Pacific
region is leading the global antistatic agent market. China holds the major
portion in the region due to extensive use of agents in metal industry, oil
field chemicals, fabric softeners, petroleum additives, and others. Increasing
popularity of sanitizers and deforming agents in textile, paper, drilling,
chemical, paint, metal, and others has boosted the market demand in Japan, and
India. North America has witnessed a moderate growth in the market owing to
volatile prices of raw materials. A sluggish growth has been received by the
European region due to implementation of strict rules and regulations in
end-use industries. Additionally, the market is growing significantly in the
Middle East & Africa and Latin America regions, due to extensive
consumption of the product in cosmetic waxes, speciality chemicals, and
others
Antistatic agent Market- Competitive Landscape Some of the key players in this
market are BASF SE, Evonik Industries, Akzo Nobel, Dupont, Clariant, Solvay,
Noble Biomaterials, 3M Electronics, Mitsubishi Chemical Corporation, Dow
Chemical Company and others.
The Antistatic agent market appears to be
competitive with the presence of several large and small players functioning in
manufacturing and development of product. These key players compete with each
other’s on the basis of quality, price, production and innovation. Antistatic
agent market is set to grow at a higher CAGR which is likely to attract many
entrants to the market resulting into healthy competition in the future.
Manufacturers operating in the antistatic agent market
are striving to respond to the rising demand for the product from
electronic, automotive, personal care, and other sectors attributed to
expanding production capacity in major sectors. They ensure to deliver the best
quality products based on innovative technologies, solutions and best
practices.
Industry/ Innovation/ Related News:
February 2, 2015 –
Sanyo Chemical Industries, Ltd. (Japan), one of the major producers of
antistatic agents, announced that the company has developed enduring
anti-static agents PELECTRON products that add superior performance to the
final product. The company has also added PELECTRON LMP-FS products and is
utilized in films, sheets due to their low-mould temperature. One of the
sources of the company declared that these products were developed to add
extraordinary features such as accident and explosion prevention, superior
safety features, and others. Moreover, these products are extensively used in
numerous packaging materials, inner bag of flexible containers, surface
protection films for crystal, and others. Therefore, these factors are
projected to drive the market over the assessment period due to unique
exhibited by the product such as flexibility, mechanical strength, durable
nature, and others.
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