February 21, 2024
Low Molecular Antistatic Agents Market

The Growing Demand From Electronics Industry Is Driving The Low Molecular Antistatic Agents Market

Low molecular antistatic agents are commonly used as functional additives in polymers and plastics to impart antistatic properties and improve electrical conductivity. They are incorporated into plastic products during compounding and manufacturing processes to control buildup of static charge. Key application areas include electronics, automotive interior and exterior parts, packaging materials, and specialty films. Growing demand for antistatic materials from electronics and semiconductor industries where prevention of static discharge is critical is a major factor boosting the low molecular antistatic agents market.

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 key trends:

One of the key trends in the low molecular antistatic agents market is the growing preference for bio-based and environment-friendly products. Conventional petroleum-derived antistatic additives face increasing scrutiny due to environmental concerns. Leading manufacturers are focusing on R&D and new product launches based on renewable feedstocks such as plant oils and fatty acids to address sustainability and comply with stringent regulations. For instance, BASF launched ECOSTAT, a range of antistatic agents derived from renewable raw materials like sugar and vegetable oils, thereby providing eco-friendly solutions for plastic and fiber applications.

Porter’s Analysis

Threat of new entrants: Low barriers to enter as raw materials are easily available but presence of well established players make penetration difficult.

Bargaining power of buyers: Moderate as buyers have option to switch between suppliers but demand for antistatic agents keeps bargaining power in control.

Bargaining power of suppliers: Low as raw materials have many substitutes however long standing relationships maintain supply stability.

Threat of new substitutes: Moderate as R&D driving new product development but compliance issues restrict fast adoption.

Competitive rivalry: High as major players compete on pricing and innovation to increase market share.

Key Takeaways

The Global Low Molecular Antistatic Agents Market Demand is expected to witness high growth. Regional analysis related content comprises North America dominated the market in 2022 owing to growing consumption of electronics and automotive in United States and Canada. Asia Pacific is expected to witness fastest growth on back of expanding end use industries in China and India.

Key players operating in the Low Molecular Antistatic Agents Market are 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, A. Schulman, Inc. BASF SE leads the market with wide product portfolio and expansion in emerging markets. DowDuPont Inc. focuses on R&D to introduce ecofriendly antistatic agents.

The global Low Molecular Antistatic Agents Market is highly consolidated with top five players accounting for over 50% share. Regional presence and integration across value chain helps major companies to strengthen position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it