Global Electrostatic Discharge (ESD) Films Market to Rise at a CAGR of 9.8% and Surpass $1,062.5 Million by 2030, Owing to the Rising Demand for ESD Films from Various End-use Industries

Electrostatic discharge films are used to provide protection to sensitive devices and components or contain flammable gases or liquids by reducing or slowing the movement of static electricity. This allows electric charges to dissipate in a more secure and controlled manner. They are extensively used in the manufacturing units of electrical appliances where particular parts of their equipment are covered with these ESD films, in order to curb the flow electricity.

Forecast Analysis of the Global Electrostatic Discharge (ESD) Films Market

Increasing usage of electrostatic discharge films to support the direct flow of electricity without causing any major damage to the materials inside is expected to drive the growth of the market during the forecast period from 2022 to 2030. In addition, extensive use of ESD films in various end-use industries such as automotive, manufacturing, aerospace, defense & military, and others are further expected to bolster the growth of the electrostatic discharge (ESD) films market by 2030. However, expensive cost of ESD packages to impede the growth of the market during the analysis period.

According to the report published by Research Dive, the global electrostatic discharge (ESD) films market is expected to generate a revenue of $1,062.5 million by 2030, growing exponentially at a CAGR of 9.8% during the forecast period 2022-2030. The major players of the market include Smurfit Kappa Group, Desco Industries, BASF, DowDuPont, TIP Corporation, PPG Industries, Conductive Containers Inc., Tandem Equipment Sales Inc., Elcom (UK) Ltd., and Global STATCLEAN SYSTEMS.

Electrostatic Discharge (ESD) Films Market Trends and Developments

The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global electrostatic discharge (ESD) films market to grow exponentially. For instance,

• In March 2019, Transcendia, a dominant company engaged in custom engineered materials for critical product equipment and component in an extensive range of market and applications, acquired Purestat Engineered Technologies, a vertically integrated innovative manufacturer particularizing in ESD active packaging solutions, in order to strengthen Transcendia’s barrier film and active packaging platform.
   
• In March 2020, Schreiner ProTech, a Germany-based dominant company that engages in developing and manufacturing innovative products for automotive and engineering-based industries, announced the launch of their products namely, Electrostatic Discharge (ESD) and Electromagnetic Interrence (EMI) films. They substantially help in mitigating the damages and malfunctions that can be caused by electromagnetic waves.
   
• In December 2020, EcoCortec, an innovatively sustainable company that specializes creating and manufacturing value-added biodegradable/compostable flexible films, launched the first ever ESD anti-corrosion film in the world. The Eco-Corr ESD Film products are high performing compostable, biodegradable static dissipative films and bags, intending to be disposed in a commercial composting environment. They are powered by “Nano” VpCI, and caters mainly for the telecommunications, electronics, electric car and packing industries who increasingly rely on environmentally friendly packaging solutions.

COVID-19 Impact on the Market

The outbreak of COVID-19 has had a devastating impact on the global electrostatic discharge (ESD) films market, owing to the occurrence of lockdowns in numerous countries across the globe. ESD films were widely used in the automotive and aerospace sector. Lockdowns led to the shutdown of most of the automotive manufacturing plants across the globe due to the stringent social distancing norms imposed by the government, which consequently decreased the demand for automobiles. On the other hand, government imposed strict bans on the tourism and travel industry, leading to the declined growth in the aerospace industry. Furthermore, semiconductor manufacturing unites were also shut down during the pandemic, which ultimately led to the decreased demand for ESD films. Thus, COVID-19 has had a negative impact on the electrostatic discharge (ESD) films market.

Regional Analysis

The Asia-Pacific region is expected to grow at the fastest rate and generate a revenue of $273.9 million over the forecast period. The growing adoption of technological devices in automobile and manufacturing industries has consequently upsurged the need for transportation and adaptive films of these devices to protect them from damage, which is expected to stimulate the growth of the regional market during the forecast period. In addition, the strong presence of electronic device manufacturers in countries, such as Japan, China, and South Korea is further expected to accelerate the growth of the Asia-Pacific electrostatic discharge (ESD) films market during the forecast period.