Anti-static Agents Market - Forecast(2023 - 2028)

Anti-Static Agents Market Overview

The anti-static agents market size is forecast to reach US$745.6 million by 2027 after growing at a CAGR of 6.1% during 2022-2027. Anti-static agents are chemical reagents that are utilized on material surfaces to restrict the build-up of static electrical charge. Anti-static agents are mainly required for plastic materials, as plastics are insulators and do not readily discharge the static electricity generated due to various types of friction, leading to static build-up. A high static electrical charge attracts dirt, dust, tampers with processing, damages microcircuits, and increases product loss. A wide variety of anti-static agents, ranging from glycerol esters to alkyl sulfonate are used in various plastic materials such as polyvinyl chloride, polypropylene, and polyethylene terephthalate. The packaging industry is one of the largest markets for anti-static agents as plastics are extensively used in the packaging sector for packing food items, electronic components, cosmetics, e-commerce products, etc. The packaging sector is expanding globally with the massive demand for various products such as food items, electronic products, and pharmaceutical drugs and this is expected to drive the market’s growth during the forecast period. For instance, according to the August 2021 stats by Flexible Packaging Association, the flexible packaging market in the US, which is the second-largest packaging segment, accumulating about 19% out of the US$ 177 billion packaging market in the US. Furthermore, anti-static agents are massively driven by the automotive sector as plastics are used in large quantities in the manufacturing of several plastic auto components such as dashboards, seat belts, engines, and fuel systems. The automotive industry is exhibiting tremendous growth globally and this is projected to drive the market’s growth during the forecast period. For instance, as per the October 2020 report by India Brand Equity Foundation, the Indian packaging sector is growing robustly due to massive expansion in the region’s e-commerce services. The strict regulations regarding the use of anti-static agents in food packaging applications might hamper the market’s growth.

COVID-19 Impact

The anti-static agents market was impacted badly due to the COVID-19 pandemic. The disturbances such as disruption in the supply chain and temporary shutdown of factories slowed down the growth of the market. Market players had to implement several measures to withstand the severity of the pandemic. Furthermore, the market’s growth was affected due to the drop in automobile production globally. As per the report by the International Organization of Motor Vehicle Manufacturers, global automobile production went down 16% due to the COVID-19 pandemic. The market had decent growth in the business towards the end of 2020. Going forward, the market is projected to witness robust growth during the forecast period.

Report Coverage

The report: “Anti-Static Agents Market Report - Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Anti-Static Agents Industry. 

By Form: Liquid, Powder
By Product: Glycerol Esters, Ethoxylated Fatty Acid Amines, Diethanolamides, Others
By Polymer: Polyethylene (Low Density Polyethylene, High Density Polyethylene), Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Acrylonitrile Butadiene Styrene, Polystyrene, and Others
By End Use: Automotive, Passenger Vehicle, Commercial Vehicle (Light Commercial Vehicles, Heavy Commercial Vehicles), Construction, Residential, Commercial (Office, Hotels and Restaurants, Educational Institutes, Others), Packaging, Electronics, Textile, Aerospace, and Others
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

• Glycerol esters dominated the anti-static agents market in 2021. This type of anti-static agent is highly biodegradable, making them suitable for use in various plastic processing.
• The automobile sector is driving the growth of the market during the forecast period. For instance, according to the data by the European Automobile Manufacturers Association, the passenger cars registrations in June 2021 surged by 10.4% compared to the registrations in the same period last year.
• The Asia-Pacific region is projected to witness the highest demand for anti-static agents owing to the increasing demand for packaging applications in the region. For instance, as per the August 2020 stats by the China Association of Automobile Manufacturers, the passenger vehicle segment in China will reach 30 million units by 2029 compared to 21.44 million units in 2019.

Figure: Asia Pacific Anti-Static Agents Market Revenue, 2021-2027 (US$ Billion)

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Anti-Static Agents Market Segment Analysis - By Product

The glycerol esters segment dominated the anti-static agents market in 2021 and is growing at a CAGR of 6.6% during the forecast period. This type of antistatic agent comes with robust sustainable properties as they are easily biodegradable. Their bio-based nature allows the extensive use of glycol esters in the processing of several plastics such as polyvinyl chloride, polypropylene, and polyethylene terephthalate for use in different end-use applications. Owing to such remarkable properties, market players and research organizations are engaging in the expansion of glycerol esters based anti-static agents. As per the May 2021 journal by ResearchGate, successful development of glycerol ester based anti-static agent mono-diacylglycerol was conducted for use in plastics. Such increasing development of glycerol ester antistatic agents is expected to their demand in the forecast period.

Anti-Static Agents Market Segment Analysis - By End Use

The packaging sector dominated the anti-static agents market in 2021 and is growing at a CAGR of 7.1% during the forecast period. A wide variety of anti-static agents are used in the processing of various plastics such as polyvinyl chloride, polypropylene, and polyethylene terephthalate for use in the packaging sector. Plastic materials are extensively used in the packaging of a wide spectrum of products such as food items, pharmaceutical drugs, and electronic components through various packaging mediums, ranging from plastic films to bags, and pouches. As plastics are prone to static build-up, the anti-static agents are applied to the surface of plastic films, bags, and pouches to avoid processing issues and attract dust and dirt in the packaging. The packaging sector is expanding globally and this is expected to contribute to the growth of the market during the forecast period. For instance, according to the August 2019 stats by the Food and Drink Federation of the UK, the demand for flexible plastics in the UK packaging application increased in 2019 due to the government policy for lightweight packaging. Similarly, according to the August 2021 stats by the Flexible Packaging Association, the flexible packaging market, the second-largest packaging market in the US, is expanding rapidly with food being the largest segment in the market, accounting for about 52% of shipments. Such massive growth in the packaging sector globally is expected to increase the use of anti-static agents in packaging applications, thereby driving the market’s growth during the forecast period.

Anti-Static Agents Market Segment Analysis - By Geography

The Asia-Pacific region held the largest share in the anti-static agents market in 2021, up to 32%. The high demand for anti-static agents is attributed to the expanding packaging sector in the region. Anti-static agents are finding their high usage in the processing of different plastic-based packaging mediums such as plastic films, bags, and pouches, helping in resisting the build-up of static electrical charge on the surface of these plastic materials. These plastic packaging mediums are extensively used in the packaging sector as the demand for packaging application in the region is increasing due to the increase in the demand for food items, electronic products, and e-commerce services, and this is expected to stimulate the demand for anti-static agents during the forecast period. For instance, as per the data October 2020 report by India Brand Equity Foundation, the e-commerce segment of the Indian packaging market stood at US$ 451.4 million in 2019 and is projected to reach US$ 975.4 million by 2025, growing at 13.8% annually. Similarly, as per the February 2021 report by trade.gov, online retail transactions in China’s e-commerce market in 2020 witnessed a massive boost, reaching US$ 2.29 trillion and is projected to touch US$ 3.56 trillion by 2024. According to the stats by Invest India, food services and food grocery segments in India are expanding at a CAGR of 15% and 25% respectively. Such massive demand for e-commerce and food products in the region is expected to bolster the demand for packaging applications, which in turn will increase the requirement for anti-static agents during the forecast period.

Anti-Static Agents Market – Drivers

Booming automobile sector will drive the market’s growth

The automotive sector is one of the important markets for anti-static agents. Anti-static reagents are added to multiple plastic materials such as polyvinyl chloride, polypropylene, and polyethylene terephthalate which are later utilized for the manufacturing of numerous plastic auto components such as bumpers, dashboards, seat belts, engine, and fuel systems. The chemical reagents help in eliminating the build-up of static electric charge in these plastic auto components. The automobile sector is booming globally with increasing production and sales of vehicles and this is expected to drive the growth of the market during the forecast period. According to the data by India Brand Equity Foundation, India became the fifth-largest automobile sector in 2020 as 3.49 million units of automobiles were sold combinedly in the commercial and passenger vehicles segment. Similarly, according to the stats by European Automobile Manufacturers Association, in 2020, hybrid electric vehicles accounted for 11.9% of total cars sold which was 5.7% in 2019. Such a massive boost in the automotive sector globally is projected to increase the demand for anti-static agents, thereby driving the market’s growth during the forecast period.

Expanding packaging sector will drive the market’s growth

The packaging sector is one of the largest markets that is driving the demand for anti-static agents. From glycerol esters to alkyl sulfonate, almost all type of anti-static agents find their high uses in the processing of various plastics as plastics are good insulators and easily build up a static charge, leading to poor product quality and slowing down the plastic processing operations. Plastic materials find their highest use in the packaging sector and with the massive boost in the packaging application globally, the demand for anti-static agents is expected to surge in the forecast period. For instance, as per the data by InvestIndia, the packaging consumption has 200% in India in the past decade, increasing from 4.3 kg/person per annum to 8.6 kg/person per annum as of the fiscal year 2020. Similarly, as per the stats by the US Flexible Packaging Association, in 2019, the flexible packaging industry stood at a record high US$ 33 billion in sales. Such a massive boost in the packaging sector globally is projected to stimulate the high demand for anti-static agents, ultimately driving the market’s growth during the forecast period.

Anti-Static Agents Market – Challenges

The strict regulations regarding the use of anti-static agents in food packaging applications might hamper the market’s growth

The use of anti-static agents in food packaging is strictly monitored by several governing bodies which has been a challenge and this is projected to hamper the market’s growth during the forecast period. Governing bodies such as the United States Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) limit and restrict the use of certain anti-static agents in the food packaging films that have direct contact with food items as it can lead to contamination of the food. For instance, the use of N-Acyl sarcosines anti-static agent in food packaging is limited by FDA at levels not to exceed a total of 0.15 pct by weight of packaging film. Such regulations by governing bodies regarding the use of the anti-static agent in food packaging might hamper the market’s growth during the forecast period.

Anti-Static Agents Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the Anti-Static Agents Market. Global Anti-Static Agents top 10 companies include:

1. BASF SE
2. Clariant
3. Nouryon
4. Dowdupont
5. Croda International Plc.
6. Arkema
7. Evonik Industries AG
8. Solvay S.A
9. Polyone Corporation
10. Riken Vitamin Co. Ltd
11. Others

Recent Developments

• In June 2020, Clariant Plastics & Coatings Healthcare Polymer Solutions announced the launch of static-reducing functional plastic compounds for increasing dose reliability when used in drug delivery devices.
• In May 2019, Kao Group’s Kao Corporation announced the opening of its new chemical factory in Indonesia. This factory opening allowed the company to expand its chemical business.
• In November 2019, Suiko Co. Ltd adopted BASF’s light stabilizer Tinuvin for making rotationally-molded low-density polyethylene slides for children’s playgrounds with antistatic properties.

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