Antistatic Agents Market will grow from $ 479 million to $ 697 million in 2025, with a CAGR of 7.2% between 2020 and 2025. The market is expected to experience significant growth over the next seven years.
Antistatic agents are added to polymers to prevent the buildup of static electricity and to increase the dielectric surface area and volume conductivity of plastics. The build-up of static electricity on plastic surfaces makes processing difficult and causes various problems, such as increased handling problems during transportation, storage and packaging, dust attraction affecting both quality and product performance and the risk of electric shock to consumers and employees in manufacturing plants.These agents are used to reduce the charges on the surface of polymers and increase the conductivity of the product. Physical properties such as low toxicity and high ionic strength are expected to benefit the overall industry demand for antistatic agents during the outlook period. This agent improves mold release, processablity and improves external and internal lubrication.
The build-up of electrical charges is common in materials with low conductivity and high surface resistance, such as plastics. This build-up of static electricity not only has a detrimental effect on end users of plastics, but also interferes with the processing and production of polymers by slowing down the technological process, generating material losses, causing product contamination and by speeding up production decomposition of plastic. Therefore, it is essential to add antistatic agents to plastics. Packaging is the main end user sector of plastics, representing a significant market position, which accounted for more than 32% of the global market. Packaging production is growing at a decent rate around the world, largely driven by the rapidly evolving consumer goods industry (FMCG) and burgeoning electronics market sites. In most countries in the Asia-Pacific region, the packaging industry plays a crucial role, adding value to various manufacturing sectors including agriculture, pharmaceuticals, retail and goods consumption, to name a few. Strong demand from the food and pharmaceutical industries is estimated to boost packaging production in the area. Even in mature markets like Europe and North America, the packaging industry is showing decent growth influenced by economic growth and the level of real personal disposable income.
In April 2017, Novatic launched new antistatic and static dissipative coatings on the market. Novatic, an experienced manufacturer and developer of custom coatings known for its specialized solutions, has launched a line of anti-static and static dissipative polyurethane coating products based on the benefits of the most sophisticated nanotechnology. Excellent results have been obtained by replacing conventional conductive additives with TUBALL's innovative single-wall carbon nanotubes in terms of color, uniform permanent conductivity and mechanical properties. These results prompted the company to start commercial production of advanced coating systems with better performance but cost effective TUBALL solutions compared to the competition.
In April 2018, Emery Oleochemicals' high performance environmentally friendly anti-fog and anti-static agents at Chinaplas 2018. Emery's Green Polymer Additives (GPA) business team will focus on sustainability at this year's event and will share with attendees how their products support a sustainable future through the use of renewable raw materials and green chemicals.
In September 2017, CLARIANT launched an anti-static concentrate without amide / amine for API films and clean rooms.
The demand for anti-static agents from various end-use industries such as packaging, electronics, textiles, automotive, etc., is continuously increasing to eliminate or reduce the build-up of static charge which hinders different processes. Population growth, continued urbanization and increasing disposable income of the middle class population are factors that have led to the growth of food processing and packaging industries around the world. In addition, organized retail is also thriving globally, alongside the emergence of supermarkets and convenience stores, which have led to increased demand for branded and packaged foods. This, in turn, is driving the growth of the food packaging industry, which contributes significantly to the demand for antistatic agents. These agents are used to remove static charge on plastic components used in fuel systems, electrical and electronic components, instrument panels, seat belts and automotive engines. In the textile industry, anti-static agents are used to remove the static charge from textiles by improving their anti-static properties.
Formulation and strict enforcement of rules and regulations by the United States Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) are expected to slow down the growth of the global antistatic agent market. In accordance with these regulations, the use of certain antistatic agents in packaging films in direct contact with food products is limited. Although these rules and regulations are changed at regular intervals, they act as a constraint affecting the growth of the worldwide Antistatic Agents market.
Polyethylene films mixed with antistatic agents are the most widely used films because they do not allow static charge to build up on their surface. Therefore, the major players in the antistatic agents market are focusing on conducting R&D activities to develop antistatic agents that can be used in different industries for various applications. With the increasing demand for green antistatic agents and the strict implementation of regulations by various countries regarding the use of antistatic agents in the food and beverage industry, there is a need to develop new and improved antistatic agents. This, in turn, should lead to advancements in the worldwide industry.
With the packaging industry being one of the major end-use industries for antistatic agents, declining demand for plastic packaging is a major challenge for manufacturers of antistatic agents.
The liquid form held the largest share of the global antistatic agent market in 2020. Liquid antistatic agents have a greater tendency to travel on the surfaces of materials compared to other types of antistatic agents. These agents are primarily used in efficient dyeing and spraying applications.
On the basis of product, the Ethoxylated Fatty Acid Amines segment of the Antistatic Agents market is expected to grow at the highest CAGR from 2021 to 2026, in terms of value and volume. The growth of this segment can be attributed to the high processing stability of ethoxylated fatty acid amines and the improved performance advantages they offer over other types of antistatic agents.
Polyethylene is generally classified into one of several major compounds, the most common of which include linear low density polyethylene, low density polyethylene, and high density polyethylene. Linear Low Density Polyethylene (LLDPE) had the largest share in the polyethylene segment.
Packaging is the leading end-user in the global antistatic agent market in 2020 with a CAGR of 5.1%. The demand for plastics and resins in the packaging industry is increasing at a rapid rate. Antistatic agents are one of the main functional agents used in the plastics industry for the processing of plastic resins. Plastic is lightweight, corrosion resistant, chemically inert, durable, and recyclable, ensuring that manufacturers and customers prefer it over metal and wood. This, in turn, has contributed to an increase in the demand for antistatic agents in the packaging sector. Plastic is used in electronics because it is cost effective and compact and is estimated to drive the global antistatic agents market.
Middle East & Africa
The demand for antistatic agents in the Asia-Pacific region is supposed to increase at a significant rate due to the increasing demand for plastics from various end-user industries such as packaging, automotive, electronics and medical, among others. China is one of the fastest growing economies in the world and almost all end-user industries have grown due to increasing population, standard of living and per capita income. However, due to the turmoil in international trade and unfavorable geopolitical issues, the growth rate is estimated to slow in the projection period. But growth will pick up in the latter part of the forecast period, given favorable conditions and future relationships. In addition, the increase in the disposable income of the people increased their purchasing power, which generally increased the consumption of plastic per capita, which in turn contributed to a positive growth in plastic production in the region. Many foreign international packaging companies are investing in the Chinese market, as the country increasingly becomes the world's largest consumer of luxury goods. The industry has attracted many specialty companies with experience in packaging a range of products, including cosmetics, perfumes, tobacco, candy, alcoholic beverages, gourmet foods and beverages, watches, etc. All in all, all of these factors are estimated to drive the Asia-Pacific market, making it the top consumer of plastics and hence antistatic agents through 2026.
The North American market accounted for the second-largest share in 2020 due to the increased demand for antistatic agents in the revived automotive industry in the region. In addition, the region's electronics, military and aerospace industries are fueling demand for these agents.
The European market is supposed to experience significant growth due to the high production and sales of auto parts in Western European countries such as UK, France, Germany and Italy.
The Latin American market is likely to grow at a significant rate due to the development of growth-oriented countries such as Argentina, Brazil and Chile.
Middle East and Africa is foreseen to experience substantial growth owing to the growth of the textile and automotive industries in the area.
The coronavirus pandemic has had profound consequences beyond the spread of the disease and efforts to quarantine it. The underlying issues facing the packaging industry are the impact of the economy on businesses collapsing in places that do not survive during the pandemic. These GICs and OEMs are struggling to find funds to support their operations. This factor will hamper the growth of the antistatic agents market by 2021. But once the situation normalizes, it will increase steadily during the conjecture period.
Antistatic Agents Market Key Players:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Y-o-Y Growth Analysis, By Form
5.1.5 Market Attractiveness Analysis, By Form
5.1.6 Market Share Analysis, By Form
5.2.2 Ethoxylated Fatty Acid Amines
5.2.3 Glycerol Monostearate
5.2.5 Y-o-Y Growth Analysis, By Product
5.2.6 Market Attractiveness Analysis, By Product
5.2.7 Market Share Analysis, By Product
5.3.6 Y-o-Y Growth Analysis, By Polymer
5.3.7 Market Attractiveness Analysis, By Polymer
5.3.8 Market Share Analysis, By Polymer
5.4 End-Use Industry
5.4.5 Y-o-Y Growth Analysis, By End-Use Industry
5.4.6 Market Attractiveness Analysis, By End-Use Industry
5.4.7 Market Share Analysis, By End-Use Industry
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Form
126.96.36.199 By Product
188.8.131.52 By Polymer
184.108.40.206 By End-Use Industry
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Form
22.214.171.124 By Product
126.96.36.199 By Polymer
188.8.131.52 By End-Use Industry
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Form
18.104.22.168 By Product
22.214.171.124 By Polymer
126.96.36.199 By End-Use Industry
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Mitsubishi Chemical Corporation
8.3 Solvay S.A.
8.4 Croda International PLC.
8.6 Kao Group
8.7 Riken Vitamin Co., Ltd.
8.10 PolyOne Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures