Low molecular weight antistatic agents are used to prevent the buildup of static charges in plastics and other applications. They are commonly used in plastics processing to control static electricity and prevent the attraction of dust. Different types of low molecular weight antistatic agents such as ethoxylated amines, glycol esters, and distal amines are used in various applications. Ethoxylated amines are mainly used as antistatic additives for polyethylene and polypropylene, whereas glycol esters find application in acrylonitrile butadiene styrene. The global low molecular antistatic agents market is estimated to be valued at US$ 502.46 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing demand from the plastics sector is expected to drive the demand for low molecular weight antistatic agents over the forecast period. Plastics find widespread applications across various end-use industries such as packaging, automotive, consumer goods, and more. However, plastics are prone to static electricity buildup. Low molecular weight antistatic agents are commonly added during the processing of plastics to control static electricity, prevent dust attraction, and reduce wastage. According to Plastics Europe, the global plastic demand reached 367 million metric tons in 2020, registering a decline of 0.2% as compared to 2019 due to the COVID-19 pandemic. As plastics consumption recovers post-pandemic and continues to grow, especially in developing regions, the demand for low molecular weight antistatic agents is also expected to increase significantly over the forecast period. Further, the increasing focus on reducing electrostatic discharge-related risks and explosions in the chemicals and pharmaceuticals industries is expected to support the market growth during the forecast period.
Segment Analysis
The low molecular antistatic agents market can be segmented into natural antistatic agents and synthetic antistatic agents. The synthetic antistatic agents segment dominates the market and accounts for around 70% share. This is because synthetic agents provide versatility in chemical and physical properties to be effective as antistatic agents in a variety of applications such as packaging films, electronics, and others. They can be easily customized based on end use requirements.
PEST Analysis
Political: No major political factors are affecting the low molecular antistatic agents market currently.
Economic: The growing e-commerce industry and rising electronics production is driving the economic growth of this market. These sectors demand effective antistatic materials for safe product transportation and manufacturing.
Social: Rising consumer demand for safe and durable packaged goods is influencing brands to use antistatic agents in their packaging. This ensures a positive consumer experience.
Technological: Advances in nanotechnology have allowed manufacturers to develop highly efficient low molecular antistatic agents that can be incorporated into various surfaces without affecting their properties. This has widened the end use applications.
Key Takeaways
The Global Low Molecular Antistatic Agents Market Growth is expected to witness high in the forecast period of 2023 to 2030. Regional analysis comprises North America dominates the market currently due to extensive electronics manufacturing and thriving e-commerce industry in the region. Key players operating in the low molecular antistatic agents market are BASF SE, Evonik Industries AG, Clariant International AG, Croda International PLC, and DowDuPont Inc. Key players are focusing on new product launches catering to emerging application areas like 3D printing.
Regional analysis related content comprises The Asia Pacific region is expected to witness the fastest growth during the forecast period backed by rapid industrialization and rising electronics consumption in major economies like China and India.
Key players related content comprises Key players operating in the low molecular antistatic agents market are BASF SE, Evonik Industries AG, Clariant International AG, Croda International PLC, DowDuPont Inc. Main strategies adopted by these players include new product development, expansions, and mergers & acquisitions to gain higher market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it