Global Antistatic Agents Market - 2022-2029
Market Overview
Antistatic agents market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of 6.25% during the forecast period (2022-2029).
An antistatic agent is a chemical compound used to eliminate the buildup of static electricity. The accumulation of static charge might affect product performance and can even cause combustion and explosion hazards. An antistatic agent works by making the material surface of the product slightly conductive by absorbing moisture, thereby allowing the gradual dissipation of the electric charge.
An antistatic agent molecule has a hydrophilic end and a hydrophobic end. The hydrophobic end attaches to the material surface, whereas the hydrophilic end attaches to the moisture, creating a conduit to pass the electric charge. Antistatic agents are widely used in various industries, mainly packaging, electronics, textiles and automotive.
Market Dynamics
The antistatic agent demand is mainly driven by the growing demand from various end-user industries. The concerns about rising plastic waste are a key factor in limiting the growth of this market.
Growing demand from various end-user industries
Various industries utilize antistatic agents since the accumulation of static electricity is an undesirable occurrence. Automotive, electronics, textiles and packaging are some of the most common end-users for antistatic agents. The packaging industry is the single largest utilizer of antistatic materials.
Polymers such as styrene, polyurethane, polyethylene and polypropylene are some of the common packaging materials. Antistatic agents are added to these materials during the manufacturing process. Similarly, the textile industry utilizes antistatic agents to prevent the accumulation of static electricity on synthetic, processed fabric.
The automotive industry uses antistatic agents for various components since static electricity can interfere with vehicle electronics and battery systems. Static electricity discharge is especially dangerous for electronics since it can render them useless. Almost all electronic components undergo antistatic agent treatment. Similarly, the antistatic agent has become a key additive in various grades of jet fuel to prevent fire and explosion hazards. The automotive, textile, packaging and electronics industries are undergoing rapid growth due to increasing demand for their products, especially from developing regions. The growing demand from various end-user industries is a key driver for the global antistatic agents market growth.
Concerns about rising plastic waste
Plastics have versatile uses in various industrial verticals. One of the major usages of plastic has been in the packaging, automotive and electronic industries. Antistatic agents are added to plastic components during fabrication. However, the near-universal usage of plastic is causing concerns about the growing amounts of plastic waste.
Plastics are generally engineered to have high thermal and chemical resistance and suitable mechanical properties. However, the same properties that make plastic useful for various industrial applications make them non-biodegradable. Plastic waste is thrown in landfills or out into the ocean, severely degrading natural ecosystems and the wider environment.
It also threatens marine and land-based wildlife and may lead to their extinction. The rising concern about plastic waste is leading industries to adopt other alternatives, especially for packaging applications. Antistatic agents are most widely utilized for the manufacturing of packaging applications. Therefore, the growing concerns about rising plastic waste are a key challenge for market growth.
COVID-19 impact analysis
The global antistatic agents market experienced severe impacts in 2020 due to the COVID-19 pandemic. Antistatic agents are primarily used in the manufacturing industries. However, due to governmental restrictions, many manufacturing industries had to scale or temporarily suspend production drastically.
As the pandemic became more severe, its negative impact spread further into global manufacturing chains, causing a major reduction in demand for antistatic agents. The reduction in global demand caused major issues for the market. China, a global manufacturing hub, lifted restrictions and kickstarted its economy by July 2020, thereby somewhat improving the global demand. However, most North America and Europe were still grappling with the pandemic and wouldn't completely recover before mid-2021. Global demand is expected to return to normalcy by early 2022.
Antistatic agents are manufactured using a variety of precursor chemicals. A major aftereffect of the pandemic has been a global supply chain disruption, causing shortages of various chemicals and materials along with logistical delays. It has impacted the production of antistatic agents. Complete normalcy in production is not expected to return until at least mid-2022.
Despite facing many short-term challenges, the overall long-term outlook for the global antistatic agents market remains positive. Global manufacturing activity is expected to pick up through government stimulus and broader improvement in the economic outlook. The demand for antistatic agents will continue to grow significantly in the coming years.
Segment Analysis
The global antistatic agents market is segmented into product, polymer, form, end-user and region. The antistatic agents market by type is further segmented into packaging, electronics, automotive, textiles and others. Packaging is leading in this segmentation since it is the most widely used application for antistatic agents. Antistatic agents are widely used in the production of packaging material for all major industrial verticals. All types of modern packaging material almost always incorporate antistatic agents.
Geographical Analysis
Asia-Pacific has the leading share in the global antistatic agents market. The region is a major hub for the various industries that utilize antistatic agents, such as packaging, textile, automotive and electronics. Asia-Pacific has a well-developed cluster for manufacturing automobiles and automotive components, with China, India, Japan and South Korea among the leading producers. Antistatic agents are used in the automotive industry to eliminate static charge in various interior and exterior components such as fuel systems, seat belts, dashboards and interior trim.
The textile industry is another major utilizer of antistatic agents. Antistatic agents are used for the treatment of processed fabrics. Bangladesh, China and Vietnam are some of the largest textile manufacturers in the region. Static charge is especially harmful to electronic devices and components since it can impair functioning. Therefore, antistatic agents are used in the electronics industry to ensure safe operation. China, Taiwan and South Korea are major electronics and electronic components manufacturing hubs. Asia-Pacific will continue to have the largest market share in the global antistatic agents market in the coming years.
Competitive Landscape
The global antistatic agents market is competitive due to the availability of various antistatic agents that cater to different end-use applications. Some major players contributing to growth in the market are BASF SE, DuPont, Solvay, Nouryon, Clariant, Arkema, Avient, Kao Corporation, Evonik Industries AG and Mitsubishi Chemical Holdings Corporation. The major players in the market adopt several growth strategies such as production capacity expansion, regional and global expansion, joint ventures and collaborations and to contribute to growth in the industry.
BASF SE
Overview: BASF SE is a chemical corporation based in Germany that manufactures chemicals for various sectors. The company's portfolio includes products from 13 areas: transportation, chemicals, construction, electronics & electricity, energy & resources, furniture & wood, home care and cleaning, agriculture and other industries. BASF SE has 6 global production locations and 241 additional industrial sites in over 90 countries, with retail and distribution networks reaching more than 190 countries. BASF SE was founded by German industrialist Friedrich Engelhorn in 1865 and is headquartered in Ludwigshafen, Germany.
Product Portfolio
Irgastat P is the company's proprietary series of antistatic additives for polymers used in industrial applications. It is colorless and transparent in appearance and does not chemically react with the polymer. The additives work almost instantaneously without affecting the mechanical properties of the polymer. The company recommends 8-25% of the additive in polymers used in engineering applications.
Key Developments:
In 2019, BASF SE's performance materials division presented a new range of automotive plastics with a higher percentage of Irgastat antistatic additives. The new generation of plastics has significant weight and cost advantages over the previous generation.
Why Purchase the Report?
• Visualize the composition of the antistatic agents market segmentation by the product, polymer, form, end-user and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the antistatic agents market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global antistatic agents market-level 4/5 segmentation data points.
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• Product mapping in excel for the critical product of all major market players
The global antistatic agents market report would provide approximately 65 market data tables, 74 figures and 250 pages.
Target Audience 2022
• Antistatic agents manufacturers
• Specialty chemical manufacturers
• Textile manufacturers
• Packaging material manufacturers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
- 1. Global Antistatic Agents Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Global Antistatic Agents Market – Market Definition and Overview
- 3. Global Antistatic Agents Market – Executive Summary
- 3.1. Market Snippet by Product
- 3.2. Market Snippet by Polymer
- 3.3. Market Snippet by Form
- 3.4. Market Snippet by End-User
- 3.5. Market Snippet by Region
- 4. Global Antistatic Agents Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Growing demand from various end-user industries
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Concerns about rising plastic waste
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Global Antistatic Agents Market – Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. Global Antistatic Agents Market – COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. Global Antistatic Agents Market – By Product
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
- 7.2. Ethoxylated Fatty Acid Amines
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Glycerol Monostearate
- 7.4. Diethanolamides
- 7.5. Others
- 8. Global Antistatic Agents Market – By Polymer
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
- 8.1.2. Market Attractiveness Index, By Polymer
- 8.2. Polypropylene (PP)
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Acrylonitrile Butadiene Styrene (ABS)
- 8.4. Polyethylene (PE)
- 8.5. Polyvinyl Chloride (PVC)
- 8.6. Others
- 9. Global Antistatic Agents Market – By Form
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 9.1.2. Market Attractiveness Index, By Form
- 9.2. Liquid
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Powder
- 9.4. Pellets
- 9.5. Microbeads
- 9.6. Others
- 10. Global Antistatic Agents Market – By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Packaging
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Electronics
- 10.4. Automotive
- 10.5. Textiles
- 10.6. Others
- 11. Global Antistatic Agents Market – By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. South Korea
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Polymer
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12. Global Antistatic Agents Market – Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Global Antistatic Agents Market- Company Profiles
- 13.1. BASF SE
- 13.1.1. Company Overview
- 13.1.2. End-User Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. DuPont
- 13.3. Solvay
- 13.4. Nouryon
- 13.5. Clariant
- 13.6. Arkema
- 13.7. Avient
- 13.8. Kao Corporation
- 13.9. Evonik Industries AG
- 13.10. Mitsubishi Chemical Holdings Corporation
- LIST NOT EXHAUSTIVE
- 14. Global Antistatic Agents Market – Premium Insights
- 15. Global Antistatic Agents Market – DataM
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us
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