Global anti-static agents market is expected to witness significant growth over the next seven years. These agents are used to reduce the charges on surface of the polymers and increase the conductivity of the product. Long chain aliphatic amines, esters of phosphoric acid, quaternary ammonium salts, alkyl phenol, polyethylene glycol, ethoxylated amines and glycerol esters are the various types of anti-static agents available in the market.
Physical properties such as low toxic, high ionic strength and non hazardous is expected to benefit the overall anti-static agents industrydemand over the forecast period. This agent improves mold release, process ability and improves external & internal lubrication. These agents serve numerous end-use industries such as industrial packaging, electronics, coatings, military jet fuels and electronics.
Packaging industry utilizes anti-static agents to avoid electrical discharge during transportation. They are also used for producing textile dyes as setting agents. Growing demand for this agent based polyurethane foams used in beddings, furniture and automotive seats is expected to widen the application range.
Huge increase in cationic fixation based additives for inkjet paper coating has played a crucial role in the global anti-static agent market growth. Jet fuel industry uses this agent as an additive to improve fuel performance. Increase in industry participants have led to new technological advances in jet fuel anti-static additives such as Stadis 425 and Dorf Ketal’s SR 1795. This compound is also used in electronics devices to prevent sparks and safeguard various parts from electrostatic dissipation.
Massive unconventional hydrocarbon production in North America, China and Russia has pushed the oil & gas prices to extremely low levels. Such a downturn in oil & gas prices had a proportional effect on anti-static agent prices. Since oil & gas industry is the main raw materials supplier, any fluctuations in these prices is expected to have direct impact on the market. This factor along with the above mentioned factors are expected to drive the overall anti-static agents market.
However, easy availability of cheaper substitutes in the market is expected to hinder the global anti-static market growth over the next seven years. Differing government rules and regulations in various countries is expected to further dampen the global anti-static agents market.
Industry participants have invested heavily in R&D initiatives to develop products with superior quality at economic prices. These strategies are expected to create ample opportunities for the anti-static agent’s industry players to gain competitive advantage.
Asia Pacific anti-static agents market dominated the overall regional share owing surge in demand from packaging industry. Countries such as India, China, South Korea, Japan and Indonesia held the significant share in the overall region. Electronics industry has also observed significant growth over the past few years in Japan and China. This may also benefit the overall market revenue.
Availability of economic labor force in developing countries in Africa is expected to gain attention of various market players. This trend is expected to help develop the regional anti-static agents market over the next seven years. North America played a significant role in the overall industry. U.S. showed increase in demand for anti-static agents over the past few years.
AkzoNobel, LyondellBasell, BASF SE, The Dow Chemical Company, E.I. DuPont de Nemurs & Co., Mitsubishi Chemical Corporation, Evonik Industries and 3M Electronics dominated the global anti-static agents’ market revenue share in 2014. Important brands of this product include Mono Coat, Lanco, Cystat, Basionics and Entira.
Other important business players include Safic Alcan Deutschland Gmbh, Cytec Industries Inc., Industries, Yantai Tayho Advanced Materials Co. Ltd., Armostat, BTC, Noble Biomaterials, Tianyu Textiles, W.L. Gore and Associates Inc., Kimya Sanayii AS and Swicofil. Major market participants adapt frequent M&As and new product launches to widen their business reach and gain sustainability in the anti-static agents industry.
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The prevailing pandemic situation has led to weakened demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of growth for the industry is highly dependent on the duration of restrictions imposed and their influence on economic activity across the globe. Contrary to the trend prevalent in the industry in general, certain segments of the market such as antimicrobial coatings are witnessing a surge in demand in healthcare and food industries. The report will account for Covid19 as a key market contributor.