market to reach US$ 694.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
IMARC Group, a leading market research company, has recently releases report titled “Antistatic Agents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global antistatic agents market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the antistatic agents market?
The global antistatic agents market size reached US$ 486.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 694.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
What is antistatic agents?
Antistatic agents are chemical reagents added to polymers to minimize the buildup of static electricity in plastic materials. There are two types of antistatic agents, namely internal and external. External agents are applied as sprays or coatings on plastic products, whereas internal agents are mixed and incorporated into the plastic matrix. They are biodegradable, sodium- and potassium-free, and carry no environmental risks. Some commonly used antistatic agents include fatty acid esters, ethoxylated amines, glycerol monostearate, diethanolamides, alkyl sulfonates, and alkyl phosphates. These agents are available in various forms, such as liquids, pellets, powders, and microbeads. When dissolved in water, these agents are non-hazardous and can help improve process ability and provide excellent external and internal lubrication. They have high ionic content and low toxicity, effectively preventing static charges.
Additionally, antistatic agents reduce the attraction, cohesion, and adhesive properties of polymers. At present, antistatic agents find extensive applications in the manufacture of automotive components, as well as packaging products made of polystyrene, polyvinyl chloride (PVC), and polyethylene terephthalate (PET).
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What are the growth prospects and trends in the antistatic agents?
The global antistatic agents market is primarily driven by rapid industrialization, particularly in developing nations. Moreover, the rising use of antistatic agents in various industries, such as electronics, packaging, textiles, and automotive, to prevent or eliminate static charge buildup between objects is positively influencing the market growth. For instance, the absence of static charge in the automotive industry enhances fuel efficiency and prolongs engine life. Along with this, the increasing use of antistatic agents in the textile industry to prevent the clinging of fabrics that could result in sparks and fire hazards has catalyzed market growth. Additionally, the rising replacement of metals by plastics in electronic components due to their higher flexibility, cost effectiveness, and lightweight has augmented the demand for antistatic agents.
Besides this, the escalating demand for antistatic agents in the electronics industry, as it helps prevent sparks and safeguard electronic components from electrostatic dissipation, is another major growth-inducing factor. Apart from this, the rapid growth of the food processing and food packaging sectors owing to rising population, ongoing urbanization, and inflating consumer disposable incomes has accelerated product adoption rates. Furthermore, numerous product innovations, such as the launch of liquid antistatic agents with improved spreading abilities, primarily used for spraying and dyeing applications, are contributing to the market growth. Other factors, including the increasing demand for eco-friendly and user-friendly materials in the packaging sector, rapid growth in the electronics industry, and rising demand for safety and precaution in various industrial applications, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Form:
Breakup by Product:
Breakup by Polymer Type:
Breakup by End Use Industry:
Breakup by Geography:
Who are the key players operating in the industry?
The report covers the major market players including:
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