Increasing Applications In Various Industries has Led the Growth of Others Segment of Antistatic Agents Market

The antistatic agents market is projected to grow from USD 437 million to USD 594 million by 2024, at a CAGR of 6.3% from 2019 to 2024. The growth of this market can be attributed to the increasing demand for antistatic agents from the packaging, electronics, and textiles industries. Antistatic agents are added to polymers to remove or reduce the static charge that has accumulated over their surfaces either by reducing the generation of electric charge or increasing the rate of charge dissipation, or both. This static charge accumulation results in processing complexities, attraction and deposition of dust particles, explosions, or fire hazards.

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  • Key Market Players

BASF SE (Germany), Arkema (France), Clariant (Switzerland), Croda International PLC. (UK), DowDuPont (US), Evonik Industries AG (Germany), Nouryon (Netherlands), Solvay S.A. (Belgium), PolyOne Corporation (US), Riken Vitamin Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), and Kao Group (Japan), among others are the major players operating in the antistatic agents market. These players have been focusing on developmental strategies such as new product launches, expansions, mergers & acquisitions, and partnerships to expand their businesses to untapped and potential markets.

Recent Developments

  • In October 2017, Clariant launched an amide/amine-free anti-static concentrate for clean-room and Active Pharmaceutical Ingredient (API) films, which are used in the production of pharmaceuticals. This product launch helped the company in increasing its market presence by producing bio-friendly products and enabling manufacturers in the medical and pharmaceutical sectors to control and minimize risks such as attracting dust and mitigating the dissipative charges.
  • On May 13, 2019, Kao Corporation of Kao Group expanded its production capacity of oleochemicals by completing the joint venture between Kao and PT Apical of Apical Group. This joint venture aimed at increasing the production capacity of fatty acids, which are required to manufacture antistatic agents. This joint venture is also expected to enable Kao Corporation to extend its reach and strengthen its supply chain to produce high-quality products for a wide range of customers.
  • In October 2017, BASF SE launched a new product, Elastollan with high antistatic properties, increased mechanical strength, excellent abrasion resistance, a broad range of hardness, and good slip resistance that make it appropriate for use as a safety shoe sole, which is manufactured through injection molding. This product launch helped the company in updating its polyurethane and thermoplastic polyurethane product portfolio.

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