26-Oct-16 The antistatic agents market is projected to reach US$631.2 mln by 2021, at a CAGR of 5.3% between 2016 and 2021, as per Reportlinker. Rising population, rapid urbanization, and rising disposable income are the main factors that have led to the growth of packaging, electronics, and textile industries across the globe, which are anticipated to drive the antistatic agents market. Volatility in raw material prices, along with stringent rules and regulations related to food & beverage packaging films are restraining the growth of the antistatic agents market.
Based on product type, the ethoxylated fatty acid amines segment is estimated to account for the largest share of the antistatic agents market, by product type, in 2016. This segment is anticipated to grow at the highest CAGR during the forecast period. Ethoxylated fatty acid amines provide high processing stability and enhance performance benefits as compared to other types of antistatic agents. Hence, these antistats are widely used in manufacturing of packaging films & sheets.
Based on polymer type, the polypropylene segment is estimated to account for the largest share of the antistatic agents market in 2016. This large share is mainly attributed to the increasing applicability of polypropylene in rigid packaging, flexible packaging, and BOPP films manufacturing.
The Asia-Pacific antistatic agents market is anticipated to grow at the highest CAGR between 2016 and 2021. Growth in this market is driven by the increasing demand for antistatic agents from China and India. China is a major consumer of antistatic agents in the Asia-Pacific region, with increase in demand for antistatic agents from the packaging and automotive industries in this country. The antistatic agents market in India is expected to grow at the highest CAGR during the forecast period, owing to the growing demand for antistatic agents from packaging and textile industries.
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