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), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Antistatic agents reduce buildup of static electricity in polymers to stop handling problems and dust building during storage and transportation. Growing e-commerce packaging market is a major factor driving growth of the global antistatic agents market.
Market Dynamics
Build-up of electric charges is common in low conductivity and high surface resistance material such as plastics. Such static buildup not only has a detrimental effect on the end-users of plastics but also interfere with the processing and production of polymers by reducing the speed of the technological process, generating material losses, causing contamination of the product, and accelerating the decomposition of plastics. Hence, it is crucial to add anti-static agents into plastics. Packaging being the major end-user industry of plastics, accounting for a significant position in the market, is the major user end-user industry of anti-static agents accounting for more than 30% share in the global market.
Packaging production is expanding at a decent rate across the world driven largely by the fast-moving consumer goods (FMCG) sector and the booming e-market sites. In most countries of Asia Pacific region, the packaging industry plays a crucial role, adding value to various manufacturing sectors including agriculture, pharmaceutical, retail, and FMCG, to name a few. Strong demand from food and pharmaceutical industries is expected to drive the packaging production in the region.
Even in matured markets such as in Europe and North America, the packaging industry is registering decent growth influenced by economic growth and the level of real personal disposable income. All such factors are expected to drive the market for anti-static agents in the packaging industry through the forecast period.
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