Antistatic Agents Market Projected to Reach 631.2 Million USD by 2021
Antistatic agents are added to polymers in order to remove or reduce the static charge that has accumulated over their surface. Antistatic agents are divided into external and internal agents, based on their applicability. Internal antistatic agents
The report "Antistatic Agents Market by Product Type (Ethoxylated Fatty Acid Amines, Glycerol Monostearate, Diethanolamides), End-Use Industry (Packaging, Electronics, Automotive, Textile), Polymer Type (PP, ABS, PVC, PE), Region - Global Forecast to 2021", The antistatic agents market is projected to reach USD 631.2 Million by 2021, at a CAGR of 5.3% from 2016 to 2021. This growth is mainly attributed to the increasing demand for antistatic agents from varied end-use industries such as packaging, electronics, and textile, among others.
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Packaging end-use industry segment accounts for the largest share of the antistatic agents market
The packaging end-use industry segment is estimated to account for the largest share of the antistatic agents market in 2016. Antistatic agents are used to reduce the accumulation of static charge over plastic surfaces. Increasing demand for antistatic agents from industrial packaging, retail packaging, and consumer packaging segments have contributed to the growth of the antistatic agents market.
Ethoxylated fatty acid amines segment is projected to lead the antistatic agents market, by product type during the forecast period
The ethoxylated fatty acid amines segment is estimated to account for about one-third of the antistatic agents market in 2016, in terms of value; this segment is anticipated to grow at the highest CAGR during the forecast period. In comparison to other types of antistatic agents, ethoxylated fatty acid amines offer high processing stability and superior performance benefits, which make them one of the most preferred antistatic agents utilized in the packaging industry.
Polypropylene polymer type segment to lead the antistatic agents market during the forecast period
The polypropylene polymer type segment is estimated to account for the largest share of the antistatic agents market in 2016. Major properties of polypropylene include high melting point, water resistance, low electrical conductivity, good chemical & fatigue resistance, good hinge property, and flexibility. Hence, polypropylene (PP) is widely used in rigid packaging, flexible packaging, and BOPP films manufacturing.
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The Asia-Pacific region is expected to lead the antistatic agents market during the forecast period
The Asia-Pacific region is estimated to account for the largest share of the antistatic agents market in 2016, followed by Europe and North America. China is one of the major consumers of antistatic agents in the Asia-Pacific region. Increasing investments in the packaging industry and the growing electronics and textile industries in the Asia-Pacific region are anticipated to drive the demand for antistatic agents.
Key market players covered in this report include 3M (U.S.), BASF SE (Germany), Akzo Nobel N.V. (Netherlands), DuPont (U.S.), Croda International Plc. (U.K.), A. Schulman, Inc. (U.S.), Arkema (France), Evonik Industries AG (Germany), and Solvay S.A. (Belgium).
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Dec 19, 2016