Transparency Market Research has published a new report titled “Anti-static Agents Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.”
Albany, NY -- (SBWIRE) -- 12/09/2015 -- According to the report, the global market for anti-static agents was valued at US$316.7 mn in 2014 and is anticipated to reach US$530.5 mn in 2023, expanding at a CAGR of 5.9% between 2015 and 2023.
Asia Pacific accounted for the largest share of over 45% of the global anti-static agents market in 2014. The anti-static agents market in this region is primarily driven due to high consumption of plastics in packaging, automotive, and electronic industries. China, India, and countries in ASEAN are expected to drive growth of the anti-static agents market by 2023. In terms of demand, Europe held the second-largest share of the anti-static agents market in 2014. However, volatile prices of raw materials, such as fatty acids, amines, and ethylene oxide, and rising governmental regulations regarding usage of raw materials such as amines in developed countries are expected to hamper demand for anti-static agents in the region. The market in North America and Europe are projected to exhibit sluggish growth during the forecast period, while the market in Latin America is likely to witness steady growth rate. Middle East & Africa is expected to be the fastest-growing region due to high consumption of anti-static agents in polyolefins coupled with broad end-production base of plastics in the region.
Browse the full report at http://www.transparencymarketresearch.com/anti-static-agents-market.html
Increasing per capita consumption of plastics coupled with development of automotive and electronic sectors in countries such as India, China, and other countries in ASEAN are projected to propel the market for anti-static agents in Asia Pacific. Furthermore, increased consumption of plastics in rigid and flexible packaging in these countries is estimated to drive demand for anti-static agents during the forecast period. Polypropylene followed by high density polyethylene (HDPE) and polyvinyl chloride (PVC) were major end-user applications of the anti-static agents market in 2014. However, volatile prices related to raw materials, such as amines, ethylene oxide, and fatty acids, are likely to adversely affect the market growth in the near future.
China accounted for the largest share of the anti-static agents market in Asia Pacific in 2014. The anti-static agents market in the region is projected to exhibit rapid growth in the next few years. High density polyethylene (HDPE) is expected to provide lucrative opportunities for anti-static agents in China by 2023 as it is one of the fastest-growing application segments. Germany, Italy, and the U.K. dominated demand for anti-static agents in Europe in 2014. Plastic packaging and automotive industries were major end-users of anti-static agents in this region. However, the market share of Europe is expected to decline due to heavy regulations regarding VOC emissions imposed on the manufacture of raw materials required in the production of anti-static agents as well as plastics.
The U.S. dominated the market for anti-static agents in North America in 2014. However, the anti-static agents market in the U.S. is expected to exhibit sluggish growth in the near future as end-user industries are well-established in this country. Brazil constituted the largest share of the anti-static agents market in Latin America in 2014. Growth in packaging and automotive end-user industries is expected to fuel demand for anti-static agents, especially in Brazil, Argentina, Venezuela, and Mexico in this region. Middle East & Africa is projected to be the fastest-growing region for anti-static agents in the near future. Abundance of plastics and petrochemical resources is expected boost demand for anti-static agents by the end of 2023. The report segments the global anti-static agents market as follows:
Anti-static Agents Market – Product Segment Analysis
- Ethoxylated alkamines
- Fatty acid esters
- Quaternary ammonium salts
- Others (Including polyether, etc.)
Anti-static Agents Market – Application Analysis
- Polystyrene (PS)
- Acrylonitrile butadiene styrene (ABS)
- Polyvinyl chloride (PVC)
- Low density polyethylene (LDPE)
- High density polyethylene (HDPE)
- Polypropylene (PP)
- Others (Including linear low density polyethylene (LLDPE), etc.)
Anti-static Agents Market – Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/anti-static-agents-market.htm
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