Pune, India, November 2018/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Antistatic Agents Market.
As per the latest study conducted by Market Research Future (MRFR), the global antistatic agents market will capture an impressive CAGR during the forecast period (2016-2023). Antistatic agents are a unique industrial material, which is witnessing tremendous demand. The innate properties of antistatic agents make them a sought-after material in industries such as automotive, military, and electronics among others.
They are used on products to avoid build-up of static current. This is because static build-up impacts processing and can lead to various issues such as dust attraction, drop in quality and performance of the product and handling issues. Moreover, static current increases the risk of electrical shock. Antistatic agents are a must-have in almost every major end-used verticals where application of materials such as plastic and metal is widespread. The global supply of antistatic agents has continued to growth in recent years. This can be attributed to factors such as expansion of large-scale manufacturing sectors and rapid industrialization in fast-developing countries. A large percentage of antistatic agent produced annually is used for treating plastic products. Such factors are expected to have a positive impact on the global antistatic market during the assessment period. The fact that many of the antistatic agent variants are non-hazardous and biodegradable, further create a favourable business climate for market players.
Antistatic agent caters to some of the largest industrial domains, which is a major positive for its global market. Emphasis is also being placed on R&D programmes dedicate to antistatic agents, which is likely to bare fruits in the future. In addition, several new variants have come up of late giving consumers more option to select from.
Global Antistatic Agents Market: Segmental Analysis
MRFR’s study also include a comprehensive segmental analysis of the antistatic agents market based polymer type, antistats, end-use industry and region. By polymer type, the market has been segmented into ABS, PP, PVC, PE, PET and others. On the basis of end-use industry, the market has been segmented into electronics, packaging, textile, automotive, military and others. By antistats, the market has been segmented into diethanolamides, quaternary ammonium compounds, ethoxylated fatty acid amines, alkylsulfonates, glycerol monostearate and others.
Global Antistatic Agents Market: Regional Analysis
The study covers the antistatic agents market across regions such as Latin America, North America, the Middle East & Africa (MEA), Europe and Asia Pacific (APAC). Asia Pacific currently holds the latest market share. The region is expected to spearhead the global antistatic agents market throughout the assessment period. This is primarily owing to the to rapid growth of sectors such as automotive and packaging in countries such as China and India. Led by the U.S, the North America currently holds the second spot. The U.S. is a key market for antistatic agents. Existence of a robust manufacturing sector is driving the market’s growth in the region. Moreover, the American military and aerospace industries are also playing an important role in expanding business opportunities for market players operating the region. Europe is also the third-largest market for antistatic agent, countries such as France, the U.K, and Germany are home to a sizable manufacturing sector. Germany’s world-renowned automotive industry continues to influence are wide range of industrial materials including antistatic agents. However, the recent slump in eurozone, plummeting investor confidence and protectionism stance may downplay market opportunities in the region in the medium terms.
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Global Antistatic Agents Market: Competitive Landscape
BASF SE (Germany), Akzo Nobel N.V. (Netherlands), A. Schulman, Inc. (US), Evonik Industries AG (Germany), LyondellBasell Industries N.V. (Netherlands), 3M (US), Croda International Plc (UK), Arkema (France), DowDuPont (US), Solvay (Belgium), Mitsubishi Chemical Holdings Corporation (Japan) and Clariant (Switzerland) are some of top-notch companies operating in the global market for antistatic agents market.