Antistatic agent Market – Market Overview:
The global antistatic agent market is growing with the spontaneous pace; mainly due to the burgeoning packaging and electronics industries. According to a recent study report published by the Market Research Future, the global market of antistatic agent is prospering and expected to gain strong acclaim over the forecast period. The market is projected to demonstrate a remarkable growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the forecasted period (2017 – 2022).
Increasing demand for the product in end-use applications such as soaps, shampoos, hair conditioner, and others signifies the growth of cosmetics industry. Moreover, increasing consumption of compound in electronics, automotive, and textile sectors provide a boost to the antistatic agent market growth.
On the other hand, the changing prices of raw materials and stringent regulations implemented by the regulatory bodies are estimated to hinder the market growth over the assessment period.
Antistatic agents are used in various industries such as packaging, electronics, automotive, textile and others to impart superior performance, long life, and reliable nature to the final product. They are also utilized in aviation, ink industries due to enhanced efficiency, and improved fuel performance offered by them. Due to these factors, the increasing demand of antistatic agents has prompted the manufacturers and investors to adopt them in end-use applications. Additionally, the increasing mergers & acquisitions among the leading companies is estimated to drive the market during the forecast period.
Antistatic agent Market – Regional Analysis
Geographically, Asia Pacific region is leading the global antistatic agent market. China holds the major portion in the region due to extensive use of agents in metal industry, oil field chemicals, fabric softeners, petroleum additives, and others. Increasing popularity of sanitizers and deforming agents in textile, paper, drilling, chemical, paint, metal, and others has boosted the market demand in Japan, and India. North America has witnessed a moderate growth in the market owing to volatile prices of raw materials. A sluggish growth has been received by the European region due to implementation of strict rules and regulations in end-use industries. Additionally, the market is growing significantly in the Middle East & Africa and Latin America regions, due to extensive consumption of the product in cosmetic waxes, speciality chemicals, and others.
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Antistatic agent Market- Competitive Landscape
The Antistatic agent market appears to be competitive with the presence of several large and small players functioning in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Antistatic agent market is set to grow at a higher CAGR which is likely to attract many entrants to the market resulting into healthy competition in the future. Manufacturers operating in the antistatic agent market are striving to respond to the rising demand for the product from electronic, automotive, personal care, and other sectors attributed to expanding production capacity in major sectors. They ensure to deliver the best quality products based on innovative technologies, solutions and best practices.
Industry/ Innovation/ Related News:
February 2, 2015 – Sanyo Chemical Industries, Ltd. (Japan), one of the major producers of antistatic agents, announced that the company has developed enduring anti-static agents PELECTRON products that add superior performance to the final product. The company has also added PELECTRON LMP-FS products and is utilized in films, sheets due to their low-mould temperature. One of the sources of the company declared that these products were developed to add extraordinary features such as accident and explosion prevention, superior safety features, and others. Moreover, these products are extensively used in numerous packaging materials, inner bag of flexible containers, surface protection films for crystal, and others. Therefore, these factors are projected to drive the market over the assessment period due to unique exhibited by the product such as flexibility, mechanical strength, durable nature, and others.
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