Anti-static Films Market 2024 will register a CAGR of 5.9%

March 31, 2021

Anti-static films are used across industries due to the varied advantages they offer. Demand for anti-static films is especially higher in the automotive industry.

The growing production of vehicles and increasing sales prior to the COVID-19 pandemic were identified as key drivers for the market.

Analysts anticipate that the demand for vehicles, as the world inches closer to normalcy with economies reopening, is expected to reignite the demand for anti-static films in this sector.

Technological advancements and increasing purchasing are expected to fuel the demand for anti-static films in the automotive sector during the forecast period.

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Applications in Consumer Electronics to Provide Momentum

Technological advancements have consistent reduced the size of electronic circuitry. The reduction in size of components has led to reduced spacing between microscopic insulators and circuits, diminishing their sensitivity to electric static discharge (ESD).

To safeguard these components, a packaging solution like anti-static films is absolutely essential.

Thus, growing demand for consumer electronics and increasing focus on their miniaturization has led to a steady demand for anti-static films in this sector.

In the wake of the COVID-19 pandemic, the demand for consumer electronics has risen significantly as the “work for home” shift has led to BYOD in several cases.

Furthermore, increasing expenditure on personal devices for entertainment as such as gaming is expected to propel the market further.

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PE Emerges as Leading Material for Production of Anti-static Films

Research predicts that polyethylene (PE) will be the leading material used for producing anti-static films. This segment is expected to register a CAGR of 6.4% during the forecast period. The high performance nature of this material is expected to be its driving factor.

Ability of PE to withstand harsh weather conditions and its moisture-protection property is likely to fuel its uptake during the forecast period.

Furthermore, PE is available in food grade form, which makes it ideal for packers. Focus on using more of flexible packaging solutions in food, pharmaceutical, and electronics industry have resulted in a high demand for PE anti-static films.

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Preference for Flexible Packaging in Pharmaceutical Industry to Boost Market

Until recently, rigid packaging was used across pharmaceutical industry for a variety of products.

As this trend is slowly being replaced by flexible packaging materials, it has led to a significant demand for anti-static films.

For instance, flexible packaging products like bags, pouches, and sacks made of anti-static films for storing a wide range of pharmaceutical and medical products.

The rising preference for flexible packaging, particularly for high-performance applications, is expected to generate new market opportunities for anti-static films in the pharmaceutical industry.

The growing pressure on the healthcare systems, complex nature of diseases, and growing hospital admissions are projected to generate a high demand for anti-static films during the forecast period.

Region-wise Market Analysis

The research report points out that the demand for anti-static films is exceptionally high in electronics and electrical products.

As the production of these devices is the highest in emerging economies of Asia Pacific such as China and India, the region will be the key market for anti-static films.

An in-depth assessment of the same trend indicates that the demand for these films will be the highest in China as the country thrives on manufacturing of electronics.

Analysts also anticipate that the demand for anti-static films market in India will grow rapidly. Government initiatives such as “Make in India”, “Smart City”, “UDAN”, and other initiatives will give adequate boost to allied industries, which will have an indirect but positive impact on the overall market.

Investments in building smart cities and upgrading infrastructure is expected to boost the market too. For instance, projects such as One Belt One Road (OBOR) and Sagarmala Project (India) are likely to generate demand for electronic & electrical devices, which require anti-static films.

These emerging projects and plans towards building better infrastructure are expected to drive the market during the forecast period. The report suggests that Asia Pacific anti-static films market is likely to surge at a CAGR of 7.2 % between 2024 and 2030.