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Key Players in the Antistatic Agents Market is Focusing on Expansion as well as Acquisition Strategies to strengthen its Market
Antistatic agents are compounds that are primarily used for the treatment of materials or their surfaces to reduce or eliminate the buildup of static electricity. These agents function either by reducing the generation of electric charge, or by increasing the rate of charge dissipation, or by both. Antistatic agents are widely used in the packaging, electronics, automotive, and textile industries. Major companies operating in the antistatic agents market include 3M (U.S.), BASF SE (Germany), Akzo Nobel N.V. (Netherlands), DuPont (U.S.), Croda International Plc. (U.K.), A. Schulman, Inc. (U.S.), Arkema (France), Evonik Industries AG (Germany), and Solvay S.A. (Belgium).
In recent times, key companies have adopted various growth strategies such as new product launches, expansions, mergers & acquisitions, and partnerships. These companies are also investing in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the antistatic agents market.
Clariant (Switzerland), is the one of the leading producers of antistatic agents. The company is focusing on new product launches as well as business expansion strategies to strengthen its market position and consolidate its financial position in the antistatic agents market. In April 2016, the company introduced two ‘AddWorks’ solutions, namely, AddWorks PKG 902 and AddWorks LXR 408, mainly for the packaging industry to increase productivity, sustainability, and functionality. The AddWorks LXR 408 provides a durable antistatic property to plastic films, which are mainly used in flexible packaging. In July 2015, the company developed a new glass-reinforced polyamide (nylon) that is used for the development of electronic components.
A. Schulman, Inc. (U.S.) is another key player in the antistatic agents market. The company is focusing on expansion as well as acquisition strategies to strengthen its market position. In April 2015, the company expanded its new master batch manufacturing facility in Turkey. This development strategy helped the company supply their products to food & beverages and industrial packaging sectors, located in the Middle East and North America. In April 2011, the company expanded its Brazilian manufacturing facility by adding one manufacturing line for master batch and engineering plastics production. This expansion strategy helped the company increase its market presence in the packaging (food, medical, pharmaceutical), consumer goods, and transportation industries.
Antistatic Agents Market by Product Type (Ethoxylated Fatty Acid Amines, Glycerol Monostearate, Diethanolamides), End-Use Industry (Packaging, Electronics, Automotive, Textile), Polymer Type (PP, ABS, PVC, PE), Region - Global Forecast to 2021
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