The antistatic agents market is projected to grow from USD 437 million in 2019 to USD 594 million by 2024, at a CAGR of 6.3% from 2019 to 2024.
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Browse 138 market data Tables and 46 Figures spread through 156 Pages and in-depth TOC on “Antistatic Agents Market”
Development of new and improved antistatic agents
There is an increasing demand from various end-use industries such as packaging, textiles, and electronics. Polyethylene films laced with antistatic agents are the most widely used films as they do not let the static charge accumulate over their surface. They are mainly used in the electronics and textiles industries. Hence, the leading players in the market are focusing on carrying out R&D activities to develop antistatic agents that can be used in different industries for different applications. With the increased demand of green antistatic agents and stringent implementation of regulations by several countries regarding its use in the food & beverages industry, there is a requirement for the development of new and improved antistatic agents. This, in turn, is expected to lead to advancements in the field of antistatic agents
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Management of plastic wastes generated from the packaging and electronic industries challenging the market growth
The packaging and electronics industries produce wastes in large quantities that are not only difficult to dispose-off but can also have an adverse effect on the environment. Accumulation of plastics on the earth’s surface has adverse effects on human life and wildlife habitats. As the decomposition of plastics is very slow, it results in health hazards to living organisms as well as impacts marine life by polluting land, water, and air. Due to the durability of low-cost plastics, they are widely used in the manufacturing of various packaging items and films that are used in the food & beverages and agricultural industries. It is difficult for end users to manage plastic wastes that are generated from these industries. Hence, several countries across the globe have imposed bans on the use of plastic products and are implementing various regulatory norms related to their use, thereby affecting the growth of the packaging sector. As the packaging industry is one of the key end-use industries for antistatic agents, a decline in demand for plastic packaging acts as a key challenge for the manufacturers of antistatic agents.
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