Low Molecular Antistatic Agents Market Estimated To Witness Growth Due To Rising Demand From Electronics Industry
Low molecular antistatic agents are chemicals added to polymers and plastics to improve their electrical conductivity. They are widely used in electronics to prevent static build up. They find major application in manufacturing printed circuit boards, electrostatic discharge packaging, LCD panels and other electronic components where prevention of static is crucial. 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 rising demand from the electronics industry is one of the major drivers for the growth of the low molecular antistatic agents market. Rapid digitization and growing consumption of electronic goods such as smartphones, laptops, gaming consoles etc. has increased the demand for printed circuit boards, LCD panels and other electronic components which utilize low molecular antistatic agents in their manufacturing processes. According to estimates, the global electronics market was valued at US$ 1.35 Trillion in 2019 and is expected to grow at a CAGR of over 2.6% between 2020-2027. With the increasing demand for electronics, the need for low molecular antistatic agents to prevent static in their manufacturing will also rise significantly over the forecast period.
SWOT Analysis
Strength: Low molecular antistatic agents have high compatibility with multiple substrates such as plastics, paints, fibers and elastomers. They provide excellent dispersion stability and long-term durability in finished formulations. Their small molecular size allows for easy and uniform distribution across materials.
Weakness: Low molecular weight antistatic agents have relatively short-term effectiveness compared to other antistatic agents. They are more prone to leaching out of finished products over time with exposure to water, heat and mechanical action. Production of these agents requires multiple chemical processing steps.
Opportunity: Growth of the plastic and textile industries in developing economies of Asia Pacific and South America is amplifying demand for effective and affordable antistatic treatments. The need to prevent electrostatic discharge from commercial and industrial materials offers opportunities for developing customized low molecular antistatic solutions.
Threats: Stringent environmental and safety regulations pose challenges for chemical production and may restrict the usage of certain raw materials. Volatility in prices of petrochemical feedstocks exerts pressure on production costs. Competition from alternative antistatic technologies can threaten market share.
Key Takeaways
The Global Low Molecular Antistatic Agents Market Size is expected to witness high growth. The market size for 2023 is estimated to reach US$ 502.46 Million and register a CAGR of 4.7% during the forecast period of 2023 to 2030.
Regional analysis: Asia Pacific dominates the global market and is projected to maintain its lead through 2030. Rapid industrialization and establishment of production facilities in India, China, Indonesia, Thailand and Vietnam has augmented demand from the plastic and textile sectors in the region.
Key players: 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.
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