Permanent Antistatic Agent Market Size, Share, Growth, and Industry Growth by Type (Polyether Type, Quaternary Ammonium Salts Type, and Others), By Application (PP, PE, ABS, PMMA, and Others), Regional Forecast To 2031

Updated On: 08 July 2024

Permanent Antistatic Agent Market REPORT OVERVIEW

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The global permanent antistatic agent market size was USD 185.9 Million in 2021 and market is projected to touch 353.11 Million by 2031, exhibiting a CAGR of 6.6%.

This permanent antistatic agent is used to prevent electrostatic discharge in electronic circuits which are susceptible to electrostatic discharges. It is a non-toxic, odorless, and bio-degradable organic compound that prevents lint, dust, and unsightly flyaway electrostatic charges in the air. It minimises static electricity buildup by adhering to hair, animal fur, clothing, and household surfaces. It is used on smooth polymeric film films, paper, and porous and non-porous surfaces that require good conductivity of current and resistance to humidity.

A permanent antistatic agent is a dry powder or liquid that releases static electricity when mixed with water. It makes static electricity non-conductive and can eliminate static electricity on carpets and wooden flooring by absorbing static electricity caused by friction. It is mainly used in the manufacturing industry. It can be used in different types of industries, including applications in electronics, aviation, metals, and many more industries.

COVID-19 Impact: Production Halt Hampered Market Growth.

The COVID-19 pandemic had a large impact on the overall business and permanent antistatic agent market. Manufacturers were unable to produce new work to ensure the growth of their sales. The COVID-19 pandemic impacted the permanent antistatic agent market as the majority of these agents were produced in China. This made them more expensive. However, this plunge in supply will help with demand for these products. However, the market situation is changing after the pandemic, with hopes of increasing the production and sales of the product.

LATEST TRENDS

"Popularity of Non Polar Based Product to Boost Market Demand"

Non-polar materials are used most commonly in these antistatic agents. The largest users of non-polar materials are paint and mercury lamp cleaners. This shift away from polar materials is based on a number of factors, including their inadequate performance against airborne dust, a reduction in production costs, and an increase in production speed. Non-polar materials are typically employed in a number of eco-friendlier antistatic agents. The most commonly used non-polar materials are sodium nitrate and aluminum oxide.

Permanent Antistatic Agent Market SEGMENTATION

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• By Type

Based on type; the market is divided into Polyether Type, Quaternary Ammonium Salts Type, and Others

Polyether Type is the leading part of this segment.

• By Application

Based on application; the market is divided into PP, PE, ABS, PMMA, and Others

PE is the leading part of the application segment.

DRIVING FACTORS

"Wide Applications of the Product Lead to an Increase in Market Growth"

The permanent antistatic agent market growth is still developing, and the products in this market can positively impact manufacturing, warehousing, and distribution. These are used in these applications to protect electronic components from static electricity. The permanent antistatic agent market is seeing a steady growth rate due to the increasing use of anti-static items and their application in various industries. As the science behind these products continues to advance, their global market value is steadily growing. The demand for these products is high, as they are used in a wide variety of industries.

"Advantages of the Product Lead to Increase the Market Demand"

Permanent antistatic agents offer benefits when applied to certain products. Under the right conditions, the result is a significant increase in the quality, performance, and value of the product. There are a number of situations in which utilizing it provides exceptional benefits. Improvements include longer product life, higher performance, and greater value for money. The product ensures that a product remains static-free while trapping static charges so they don't build up on the surface of the product and make it more susceptible to damage.

RESTRAINING FACTORS

"Downside of the Characteristics Leads to Slow Market Growth"

The drawbacks of using a product like this include that it cannot stop all electrostatic discharge, does not protect against static electricity from radio waves or domestic appliances like toasters and coffee makers, and may stain delicate fabrics. The disadvantages of it include an increase in the cost of cleaning and maintenance, as well as potential damage to electronic equipment. These are not effective in stopping all electrostatic discharge. It can also be deemed a hazard when used on sensitive electronic equipment or appliances, and in some cases, may damage them.

Permanent Antistatic Agent Market REGIONAL INSIGHTS

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"North America to Lead Market owing to Increasing Demand for Electronic Devices"

North America holds the leading permanent antistatic agent market share over the forecast period. Owing to growing demand for electronic devices, the North American region has been witnessing steady growth in the consumption of these products. In the North American market, household chemicals, cleaning products, carpets, upholstery, and textile industries dominate the permanent antistatic agent market due to increased awareness about the antistatic properties of certain agents used for cleaning and maintenance. The high initial capital requirements for production machinery and laminators have led these industries to increase their share in the permanent antistatic agent market.

KEY INDUSTRY PLAYERS

"Major Players in the Market to Boost Market Growth"

A number of sources are included in the data that was utilized to analyze this market. Trade publications, statistics from trade associations, scholarly study, and government reports are a few of these sources. Additionally, information is acquired from international market participants, such as producers, retailers, suppliers, micro-experts, and others. Information about industry participants and their activity in the sector is provided by the study. Examples of information gathering and reporting methods include partnerships, technological developments, acquisitions, mergers, and the expansion of industrial facilities.

List of Market Players Profiled

• BASF (Germany)
• Adeka (Japan)
• Arkema (France)
• Sanyo Chemical (Japan)
• Croda (U.K.)
• Solvay (Belgium)
• Dow (U.S.)
• GYC Group (U.S.)
• Viba Group (Spain)
• MECO GMBH (Germany)
• Tosaf (Israel)
• Kenrich Petrochemicals (U.S.)
• Ampacet (U.S.)
• Dechang Electrostatic Technology (China)
• Juli Antistatic (U.S.)

REPORT COVERAGE

The research offers a thorough analysis of the market's present situation, taking into account all significant areas such as raw materials, technology, and equipment, as well as demand and supply, production capacity, and industry chain analysis. The market potential and market hazards related to the growth of various segments are evaluated in this analysis. In order to determine how these factors would affect the market's growth, the primary drivers and restraints are also investigated. The performance of important companies is evaluated for the anticipated time, and their contributions to market dynamics are examined.