The global electrostatic discharge (ESD) foam packaging market is prognosticated to attract favorable growth prospects while riding on the growing adoption of internet of things (IoT) across different regions of the world. ESD foam packaging could up its demand in the foreseeable future due to the engagement of integrated circuits for the launch of novel technological products in consumer markets and implementation of IoT in consumer offerings.
Higher dimensional stability of ESD foam compared to other packaging materials for electronic equipment could be a key marker for the rising demand in the global ESD foam packaging market. Furthermore, the ability of ESD foam to be cut into any shape to seamlessly sync with that of electronic equipment is foreseen to be another factor driving the growth of the market.
The global ESD foam packaging market is envisioned to rise at a CAGR of 6.3% during the forecast timeframe 2017–2024 to reach a valuation of US$233.8 mn by the closing forecast year. In 2017, the market held a valuation of US$172.5 mn.
Request for a sample:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=25457
Electrical and Electronic Component Outpaces Other Applications with Aggressive Growth
The world ESD foam packaging market is anticipated to be classified according to three categories, viz. application, material and additive, and end-use industry. On the basis of application, the market could be segmented into electrical and electronic component and others. As per the report, the star performer among the application segments could be electrical and electronic component with a US$217.8 mn revenue predicted to be earned by 2024 end. The annual absolute growth exhibited by this segment could be larger than that of any other in the application category.
In terms of material and additive type, the world ESD foam packaging market is projected to be segmented into conductive and dissipative polymer, metal, and additive. By end-use industry, there could be crucial segments taking shape in the market, such as aerospace, manufacturing, defense and military, automobile, electrical and electronics, and other end-use industries.
APEJ Ranks Higher and Continues Dominance with Larger Revenue Earning
With respect to regional segmentation, the international ESD foam packaging market is prophesied to observe the domination of Asia Pacific except Japan (APEJ), which could be valued at a US$105.8 mn by the end of the forecast period. This region could also be counted among the most attractive ones for years to come. North America and Europe are also forecast to showcase a strong revenue growth in the near future. The former could expand at a CAGR of 6.7% while the latter is expected to gain 47 basis points (BPS) between 2017 and 2024.
However, the Middle East and Africa (MEA) and Japan could embrace a slower growth pace during the course of the forecast period. The MEA is envisaged to create an absolute revenue prospect of US$3.9 mn by 2024 over 2017. Japan could be valued at an only US$17.4 mn by the end of 2024.
Ask for brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=25457
Some of the important companies operating in the worldwide ESD foam packaging market could be Statclean Technology (S) Pte Ltd., Electrotek Static Controls Pvt. Ltd., Helios Packaging, Conductive Containers, Inc., Botron Company, Inc., GWP Group Limited, Elcom U.K. Ltd., Tekins Limited, and Nefab AB.
ESD Foam Packaging Market Gains from Growth in Consumer Electronics Manufacturing
ESD foam packaging is a type of anti-static packaging used extensively for the storage and shipping of electronics and semiconductor components to prevent damage from ESD damage. They are incorporated with anti-static agents for ESD components. Rise in volumes of semiconductors stored and shipped nationally and internationally is a key driver for growth in the ESD foam packaging market. Packaging companies have been formulating foams of different density and vibration control capabilities to meet the various demands of shipping of electronics components. The growing use of wafer foam separator is a key factor spurring the sales in the ESD foam packaging market. The electronics packaging has made continuous strides on the back of rise in demands for consumer electronics across the world. Online sales of these have also contributed to the swelling demand. Various types of formulations for the packaging foam has come to the fore, essentially by varying the methods of crosslinking. Efforts have also gained momentum to make ESD foam packaging environmental-friendly and of different designs to suit the sizes of large ESD-sensitive electronics equipment.
Read TMR Research Methodology at: https://www.transparencymarketresearch.com/methodology.html
The COVID-19 pandemic has brought massive downturns in the semiconductor manufacturing, forcing stakeholders to pay attention to new normals. This also changed the short-term goals of ESD foam packaging manufacturers. In particularly, players in the ESD foam packaging have focused on securing raw material supply chains. In the last few months, optimism in the manufacturing sector has also added new growth impetus to the market. Further, there has been increase in semiconductor wafer fabrication, positively boosting the demand for ESD foam packaging some key markets. Also, the demand for consumer electronics is gathering pace in some developing economies, which will play a key role in shaping the growth dynamics of the ESD foam packaging market. Investments by governments in numerous countries in boosting telecommunication technologies will also spur the ESD foam packaging manufacturing.
Read Our Latest Press Release:
- https://www.prnewswire.com/news-releases/affordability-and-beneficial-properties-to-serve-as-vital-growth-factors-for-construction-tape-market-during-forecast-period-of-2020-2030-tmr-301221294.html
- https://www.prnewswire.com/news-releases/global-higher-education-solutions-market-to-thrive-on-growing-popularity-of-cloud-computing-and-high-consumption-of-digital-content-tmr-301219732.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
Contact
Transparency Market Research State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
