Antistatic Agents Market Worth $594 Million by 2024 - Exclusive Report by MarketsandMarkets
CHICAGO, May 29, 2019 /PRNewswire/ -- According to the new market research report "Antistatic Agents Market by Form (Liquid, Powder), Product (Ethoxylated Fatty Acid Amines, Glycerol Monostearate, Diethanolamides), Polymer (PP, ABS, PE, PVC), End-Use Industry (Packaging, Automotive, Electronics), and Region - Global Forecast to 2024", published by MarketsandMarkets, 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.
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Browse in-depth TOC on "Antistatic Agents Market"
95 – Market Data Tables
82 – Figures
151 – Pages
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The packaging segment is projected to lead the antistatic agents market from 2019 to 2024, in terms of volume.
Based on end-use industry, the packaging segment is estimated to account for the largest share of the antistatic agents market in 2019, in terms of volume. Antistatic agents are used to reduce the accumulation of static charge over plastic surfaces during their transportation or stacking. Increasing demand for antistatic agents from the industrial packaging, retail packaging, and consumer packaging sectors have contributed to the growth of the packaging segment of the market.
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The ethoxylated fatty acid amines segment is projected to lead the antistatic agents market during the forecast period, in terms of volume.
The ethoxylated fatty acid amines segment is estimated to capture about one-third of the antistatic agents market in 2019, in terms of value. This segment is projected to grow at the highest CAGR during the forecast period, in terms of volume. In comparison to other types of antistatic agents, ethoxylated fatty acid amines offer high processing stability and superior performance benefits, which make them one of the most preferred antistatic agents used in the packaging industry.