Low Molecular Antistatic Agents Market Is Estimated To Witness High Growth Owing To Increasing Demand from Textile and Electronics Industries
Low Molecular Antistatic Agents Market |
The global Low Molecular Antistatic Agents Market is
estimated to be valued at US$ 479.9 million in 2022 and is expected to exhibit
a CAGR of 4.7% over the forecast period 2023-2030, as highlighted in a new
report published by Coherent Market Insights.
Market Overview:
Low molecular antistatic agents are substances that reduce the surface
resistance of materials, thereby preventing the accumulation of static
electricity. These agents are widely used in various industries such as
textiles, electronics, packaging, and automotive. They enhance the performance
and durability of products by preventing electrostatic discharge (ESand
reducing dust attraction. In the textile industry, low molecular antistatic
agents are used in the production of synthetic fibers to improve their
electrical conductivity and eliminate static charges. In the electronics
industry, these agents are used in electronic components to prevent damage from
static electricity.
Market Dynamics:
The growth of the low molecular antistatic agents market can be attributed to
two major drivers. Firstly, the increasing demand from the textile industry is
driving the market. With the growing popularity of synthetic fibers, there is a
rising need for antistatic agents to improve the electrical conductivity of
these fibers and reduce static charges. Furthermore, the increasing demand for
advanced electronic devices and components is also driving the market. The use
of low molecular antistatic agents in electronic components helps prevent ESD,
which can cause damage to sensitive electronic devices. The Global
Low Molecular Antistatic Agents Market Growth is expected to witness
high, exhibiting a CAGR of 4.7% over
the forecast period.
SWOT Analysis:
Strengths:
1. Increasing demand from the textile industry
2. Growing demand for advanced electronic devices
Weaknesses:
1. Limited awareness and adoption in emerging economies
2. Stringent environmental regulations
Opportunities:
1. Development of eco-friendly antistatic agents
2. Increasing demand from the automotive industry
Threats:
1. Competition from substitute products
2. Volatility in raw material prices
Key Takeaways:
The increasing demand from the textile and electronics industries is driving
the market. The Asia-Pacific region is expected to dominate the market,
followed by North America and Europe. Key players operating in the market
include BASF SE, Evonik Industries AG, Clariant International AG, Croda
International PLC, DowDuPont Inc., Solvay SA, Arkema S.A., Akzo Nobel N.V.,
Mitsubishi Chemical Corporation, and A. Schulman, Inc. These players focus on
product innovation, partnerships, and mergers to gain a competitive edge in the
market.
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