by Low molecular antistatic agents are coatings and additives that reduce the build-up of static electricity on surfaces. They find major applications in the electronics industry where static discharge can damage sensitive electronic components. The growing production of smartphones, laptops, computers and other digital devices is fueling demand for low molecular antistatic agents in microchip packaging and circuit board manufacturing. The global low molecular antistatic agents market is estimated to be valued at US$502.46 million 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:
The growing electronics industry is one of the major drivers of the low molecular antistatic agents market. With rising disposable incomes and improving living standards, consumers around the world are purchasing more electronic goods like smartphones, tablets and laptops. According to estimates, global shipments of PCs, tablets and smartphones exceeded 2 billion units in 2021. The increasing electronics production is driving demand for low molecular antistatic agents from manufacturers to prevent electrostatic discharge during assembly and packaging of microchips and circuit boards. The market is expected to continue growing steadily due to the rapid adoption of digital technologies and rising electronics consumption globally over the forecast period.
SWOT Analysis
Strength: Low molecular antistatic agents help improve safety for workers by preventing fires and explosions from static electricity build up. They also improve productivity by reducing downtime from static related issues.
Weakness: Low molecular antistatic agents need to be frequently reapplied as their effects are not long lasting. They also have inferior performance compared to high molecular weight polymers at low concentrations.
Opportunity: Growth of end use industries like automotive, packaging and electronics provides opportunities for increased demand of low molecular antistatic agents. Development of more effective products with longer lasting effects also presents an opportunity.
Threats: Stringent environmental regulations around the globe regarding VOC emissions act as a threat. Substitutes like high molecular weight polymers at higher concentrations also pose competitive threats.
Key Takeaways
The Global Low Molecular Antistatic Agents Market Size is expected to witness high growth. The market size is forecast to reach US$ 719.66 Mn by 2030, expanding at a CAGR of 4.7% during the forecast period.
Regional analysis: Asia Pacific dominates the market currently and is expected to remain the fastest growing as well as largest market during the forecast period. This can be attributed to the large manufacturing bases and rapidly expanding end use industries in countries like China and India.
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. The key players are focusing on new product launches with improved performance and lower VOC emissions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
