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ANTISTATIC AGENTS MARKET ANALYSIS

Antistatic Agents Market, By Product Type (Glycerol Monostearate, Diethanolamides, Ethoxylated Fatty Acid Amines, and Others), By Polymer Type (Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), and Others, By End Use Industry (Packaging, Automotive, Electronics, Textile, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jul 2024
  • Code : CMI2319
  • Pages :165
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals

Antistatic Agents Market Size and Trends

The Antistatic Agents Market is estimated to be valued at USD 1.68 Bn in 2024 and is expected to reach USD 2.38 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

Antistatic Agents Market Key Factors

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The increasing demand from the key end-use industries such as packaging, electronics, automotive, and others is expected to drive the antistatic agents market growth. Antistatic agents are used in packaging of electronic goods, food & beverages, and pharmaceutical products to provide protection from electrostatic charges. Growing manufacturing activities and industrialization in developing nations of Asia Pacific and Middle East & Africa is further expected to propel the demand for antistatic agents. Moreover, the stable growth in automotive industry will also contribute to the antistatic agents market expansion during the forecast years. However, the availability of substitutes and stringent regulations regarding toxic nature of certain chemicals may hinder the market growth.

Drivers of the Market:

Expanding electronics sector

The use of antistatic agents is growing rapidly across the electronics industry. With new technologies emerging constantly, the demand for miniaturized electronic components is increasing at a tremendous pace. Consumer electronics is one of the major growth areas driving the need for antistatic agents. An ever-increasing number of people worldwide are adopting smartphones, tablets, wearable devices and other consumer gadgets. All these devices require highly compact electronic circuits and components which need effective protection from static buildup during manufacturing and transportation. Antistatic additives play a crucial role in ensuring the reliability and performance of delicate electronic assemblies.

Another major factor is the advancements happening in industries like automotive electronics. Vehicles today are heavily integrated with electrical and electronic control systems. Functions like infotainment, navigation, connected car features and advanced driver assistance require thousands of sensitive electronic components inside modern vehicles. This is propelling the demand for antistatic technologies to prevent static damage during the automotive electronics manufacturing process. Growth in industries like 3D printing is also positively impacting the antistatic agents market. 3D printed components made of thermoplastics are highly prone to static buildup due to their small size and intricate geometries. Antistatic additives provide reliable protection to prevent static discharge issues while creating or handling finished 3D printed parts. Overall, the rapid digitalization across various end-use industries is driving innovation in miniaturized electronics, thereby augmenting consumption of antistatic technologies.

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Increasing polymer production

Polymers and plastics find ubiquitous applications across industries as they are lightweight, versatile and cost-effective materials. However, during polymer production, processing and storage, there is a risk of static charge generation which can lead to issues like dust attraction, difficulty in downstream handling and even fire hazards. To mitigate these risks, antistatic agents are commonly added to polymers manufacturing processes. Thermoplastics in particular experience challenges related to triboelectric charging during shaping, winding and unwinding operations. Leading polymer types which drive antistatic agent demand include polyolefins, polystyrene, polyvinyl chloride, polyurethane and engineering thermoplastics. Countries in Asia Pacific with rapidly expanding polymer production capacity like China, India and Indonesia present substantial growth opportunities in this domain. As global polymer consumption continues rising to support manufacturing and consumer needs, the antistatic agents market stands to benefit from enhanced polymer production volumes worldwide.

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