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Thursday, February 7, 2019
What are the Upcoming Industry Applications for Antistatic Agent?
The report "Antistatic Agents Marketby 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.
Key companies operating in the antistatic agents market are 3M (U.S.), BASF SE (Germany), Akzo Nobel N.V. (Netherlands), Dupont (U.S.), Clairant (Switzerland), Croda International PLC (U.K.), A. Schulman, Inc. (U.S.), Arkema (France), Evonik (Germany), and Solvay S.A. (Germany). These players have a wide global reach with an established distribution network, and are increasingly investing in research & development activities. They also have strong technical and market development capabilities, which enable them to upgrade their existing products for new applications.
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.
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