TAGS: Surface Modification Additives for Packaging
Anti-static agents' market is expected to grow at a CAGR of 6.8% during the forecast period of 2022 to 2030. Anti-static chemicals are used on material surfaces to prevent the build-up of static electrical charge owing to the transmission of electrons. It makes the substance conductive either by becoming conductive itself or by absorbing the moisture from the environment.
Stringent Regulations to Restrain Market Growth
It is anticipated that the formulation and stringent implementation of rules and regulations regarding the use of antistatic agents in the food and beverages packaging sector by the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) will restrain the growth of the antistatic agents’ market.
These rules and regulations pertaining to the use of antistatic agents. The use of some antistatic compounds in packing films that come into close touch with food goods is prohibited on account of these laws. Even though these laws and regulations are updated at regular intervals, they continue to function as a barrier to the expansion of the market for antistatic compounds.
The need for antistatic compounds is growing in a variety of end-use industries, including the packaging, textile, and electronic product manufacturing sectors. Because they do not allow static charge to build up on their surface, films made of polyethylene that has been infused with antistatic chemicals are the most common type of film. They find most of their applications in the textile and electronic sectors.
Related Read: Selection of Antistatic Agents for Polymers
Because of this, the most successful companies in the market for antistatic agents are putting a strong emphasis on conducting research and development operations to produce antistatic agents that can be utilized in a variety of sectors for a variety of applications. There is a need for the development of new and improved antistatic agents because of the growing demand for environmentally friendly antistatic agents and the stringent implementation of regulations by numerous nations regarding the use of antistatic agents in food and beverage industry. It is anticipated that this will ultimately result in advances being made in the field of antistatic agents.
Plastic Wastes by Packaging Industry Pose Challenge
Both the electronics and packaging sectors generate significant amounts of garbage that is not only challenging to get rid of but also has the potential to have unfavorable effects on the natural environment. The accumulation of plastics on the surface of the earth has a negative impact on human existence as well as the habitats of various animal species.
As a result, numerous nations throughout the world have prohibited the use of plastic products and are in the process of creating a variety of regulatory standards associated with their utilization; this has a negative impact on the expansion of the packaging industry. Because the packaging sector is one of the most important end-use industries for antistatic compounds, the fact that demand for plastic packaging is on the decline presents a significant obstacle for the companies that produce antistatic agents.
Polypropylene Emerged as a Market Leader in 2021
Polyvinyl chloride, high-density polyethylene, acrylonitrile butadiene styrene, low-density polyethylene, polypropylene, and other materials are considered under the segmentation of polymer type for the report. Polypropylene surpassed polyethylene to become the largest segment, accounting for about 20% percent of the market in 2021.
It is a type of plastic that finds widespread application across a variety of industries, including the automotive, packaging, textile, and electrical sectors. It is anticipated that the use of polypropylene will significantly increase during the forecast period due to the structural features that it possesses as well as its effective performance. The subsequent rise in demand for anti-static compounds will be a direct result of the growing need for polypropylene.
The emergence of high-density polyethylene (HDPE) as the third largest polymer type segment has also impacted the market growth. It is anticipated that an increase in the use of acrylonitrile butadiene styrene (ABS) in the automotive, consumer electronics, and rigid packaging sectors will significantly fuel demand for the segment in the years to come. Additionally, it is also expected that there will be an increase in demand for anti-static products in the
polyvinyl chloride (
PVC) market segment. It is anticipated that a rise in the consumption of
PVC in the packaging and construction industries will result in an increase in demand for anti-static compounds as a response.
Liquid Antistatic Agents Gained the Largest Revenue Share in 2021
Liquid antistatic agents accounted for the greatest share of the market for antistatic agents in terms of revenue in 2021. When compared to other types of antistatic agents, liquid antistatic agents have a greater propensity to migrate over the surfaces of the materials they are applied to.
Spraying and dyeing processes that are highly efficient are the most common applications for these compounds. In the textiles sector, the application of liquid antistatic agents produces non-sticky surfaces and effective antistatic qualities, both of which improve the weaving activities that are performed. These ionic liquids can have a transparent or translucent appearance, and because of this, they do not have an effect on the end goods' optical qualities.
APAC to Remain as the Global Leader
The Asia Pacific accounted for the largest share of the market revenues for antistatic agents in 2021. APAC is followed by the European and North American regions. One of the most significant consumers of antistatic compounds in the Asia Pacific region is the People's Republic of China. Demand for antistatic agents is being fuelled in the Asia Pacific by an improving standard of living among the population, rising investments in the packaging industry, and thriving electronics, automotive, and textiles industries.
The potential for market growth in Europe is constrained by the stringent government regulations and trade policies that have been imposed on the use of plastics as raw materials. However, the increased utilization of these components in the recycled plastic industry will make it possible for the market in Europe to keep expanding at a consistent rate.
Competition to Intensify During the Forecast Period
Due to the presence of numerous international and local companies, the global market for anti-static agents is largely fragmented. The companies
BASF,
Dow Chemical Company,
Evonik Industries,
3M,
Safic-Alcan Deutschland GmbH,
Mitsubishi Chemical Corporation, Cytec Industries Inc., and Akzonobel are the primary competitors in the global market for antistatic agents. The businesses are placing a significant amount of emphasis on their research and development endeavors in order to introduce innovative and environment-friendly products in the market.
View Complete Range of Anti-static Agents
Source: Research and Markets