Electrostatic Discharge (ESD) Foams Market Report
Electrostatic Discharge (ESD) Foams Market by End-user (Network & Telecommunication Industry, Consumer Electronics & Computer Peripherals, Automotive Industry, Military & Defense, Healthcare, Aerospace, and Others) and Regional Outlook (North America, Europe, Asia-Pacific, And LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2030
Electrostatic Discharge (ESD) Foams Market Analysis
Electrostatic discharge (ESD) foams market accounted for $364.5 million in 2020 and is predicted to generate a revenue of $895.2 million by 2030, with a CAGR of 9.5% in the forecast period.
Due to rising demand from various industries such as consumer electronics, automotive, and others, the electrostatic discharge (ESD) foams market is predicted to rise. In addition, prominent market players' acquisitions and corporate expansions may boost demand for the market.
The bulky nature of ESD foams is expected to be a major factor hampering the industry growth in the near future.
According to the geographical analysis, the Asia-Pacific electrostatic discharge (ESD) foams market is expected to grow at a CAGR of 10.4% during the forecast period, producing revenue of $228.0 million.
Electrostatic Discharge (ESD) Foams Market Overview
Electrostatic discharge foams materials are made of plastic which helps in reducing the static electricity and protects electro-sensitive devices or products that contain inflammable gases or liquids.
ESD foams are manufactured using the antistatic agents which aids them in generating the static charges. ESD foams majorly help in not generating the static electricity that can be caused due to the friction between the electrical components while in motion. North America region market accounted for $119.8 million in 2020 and is predicted to grow with a CAGR of 9.0% in the forecast period.
COVID-19 Analysis on Electrostatic Discharge (ESD) Foams Market
The global electrostatic discharge (ESD) foams market was affected due to the pandemic. Because of the government-imposed shutdown during the new coronavirus outbreak, most consumer electronic industrial facilities were shut down. In addition, labor constraints, raw material limitations, and other challenges hampered the production of electrical gadgets. These issues had a direct effect on the market for ESD foams. The use of electrostatic discharge foams has decreased dramatically as a result of the epidemic forcing many enterprises to shut down, some temporarily and others permanently.
However, in is anticipated that post epidemic, demand for ESD foams would increase, as global demand for electronic components is predicted to surge.
Increasing Use of Electrostatic Discharge Foams in Multiple End-use Industries is Predicted to be a Major Driving Factor for the Global Market
ESD foam is utilized in a variety of applications in the automotive, defense and military, manufacturing, healthcare, and aerospace industries. The electronic components can be safely relocated from one location to another with the help of ESD foams, which prevent electrostatic or static energy from damaging electronic equipment in transportation. In the near future, the market is expected to be driven by increased use of these foams by various end-use industries. Furthermore, ESD foams protect the product against flammable substances and gases. These foams are designed to promote direct electricity flow while causing no damage to the components inside. ESD foams are a safe and secure type of foam that offers more protection than other foams. The above mentioned factors are anticipated to drive the market growth.
To know more about global electrostatic discharge (ESD) foams market trends, drivers, get in touch with our analysts here.
The High Cost of the ESD Foams is Predicted to be a Major Restraint for the Electrostatic Discharge (ESD) Foams Market
The cost of electrostatic discharge foams is higher as compared to other products such as anti-static bags, which is predicted to hinder the market growth in the forecast period. These foams are expensive and bulky in nature, decreasing their affordability in the market. These foams occupy huge spaces and are difficult to handle which can further restrain the growth of the market.
Biodegradable Electrostatic Discharge Foams is Predicted to Create more Growth Opportunities for the Market in the Estimated Period
Accelerated investments in biodegradable electrostatic discharge foams by several companies is predicted to create investment opportunities in the ESD foams market. Biodegradable foams are affordable and light weight, but these foams are in their experimental stages and need time to get a firm hold on the market. For instance, Croatia-based EcoCortec, in 2021, announced the world’s first biodegradable and compostable static-dissipative film. These factors are anticipated to create better opportunities in the coming years.
To know more about global electrostatic discharge (ESD) foams market trends, opportunities, get in touch with our analysts here.
Electrostatic Discharge (ESD) Foams Market
Source: Research Dive Analysis
Consumer electronics & computer peripheral sub-segment is expected to grow in terms of revenue. The consumer electronics and computer peripherals sub-segment had a market value of $148.7 million in 2020 and is expected to increase at a CAGR of 9.6% over the forecast period. ESD foams are widely used in consumer electronics and computer peripherals to buy and transfer electronic devices from one location to another. In the forecast period, the sub-segment market is expected to be driven by increased use of ESD foams across the sector in consumer electronics and computer peripherals.
Electrostatic Discharge (ESD) Foams Market, Regional Insights:
The electrostatic discharge (ESD) foams market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
The North America ESD Foams Market Held the Highest Market Share in 2020
During the forecast period, North America ESD foams market is expected to hold the largest market share. The North American market was worth $119.8 million in 2020, and it is expected to increase at a CAGR of 9.0% over the next five years. As the use of technical gadgets grows in the manufacturing and vehicle industries, thus the demand for transportation of these equipment’s will increase which will in turn increase the demand for foams. As a result, demand for electrostatic foams has increased to protect electrostatic-sensitive gadgets or products containing flammable liquids or gases. In the projected period, the presence of a significant number of manufacturing facilities for these materials across the North America region is anticipated to boost the market.
Key Participants in the Electrostatic Discharge (ESD) Foams Market:
Product advancements, innovations, and business expansion are common strategies followed by major market players.
Source: Research Dive Analysis
Some of the significant electrostatic discharge (ESD) foams market players include Smurfit Kappa Group, BASF, Desco Industries, DowDuPont, PPG Industries, TIP Corporation., Conductive Containers Inc., Elcom (UK) Ltd., Tandem Equipment Sales Inc., and Global STATCLEAN SYSTEMS.
Porter’s Five Forces Analysis for Electrostatic Discharge (ESD) Foams Market:
- Bargaining Power of Suppliers: There are multiple suppliers in the market. Concerns on safety of electronics are impacting the ESD foams products demand.
The bargaining power of suppliers is moderate.
- Bargaining Power of Consumers: There has been a rising demand for the better protection of the electronic components. But the ESD foams products are expensive.
Thua, the bargaining power of consumers is moderate.
- Threat of New Entrants: The raw materials used in the ESD foams are low in price, and hence it is easy to start a new manufacturing unit.
The threat of new entrants is high.
- Threat of Substitutes: This market has less products; moreover, availability of products is also very less due to which switching costs for clients is moderate.
The threat of substitutes is moderate.
- Competitive Rivalry in the Market: The ESD foams market has numerous small, medium, and large, scale players.
The competitive rivalry in the industry is moderate.
Historical Market Estimations
Base Year for Market Estimation
Forecast timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by End-users
Key Countries Covered
U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Latin America, Middle East, Africa
Key Companies Profiled
Q1. What is the size of electrostatic discharge (ESD) foams market?
A. The global electrostatic discharge (ESD) foams market size was over $364.5 million in 2020 and is predicted to grow with a CAGR of 9.5% over the forecast period.
Q2. Which are the leading companies in the electrostatic discharge foams market?
A. BASF and Conductive Containers Inc. are some of the key players in the global electrostatic discharge foams market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. Asia-Pacific region possesses great investment opportunities for the investors and is expected to witness the most promising growth in the coming years.
Q4. What is the growth rate of Asia-Pacific?
A. Asia-Pacific electrostatic discharge (ESD) foams market is projected to grow at 10.4% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Product development is a key strategy opted by the operating companies in this antinuclear antibody testing market.
Q6. Which companies are investing more on R&D practices?
A. BASF is the company investing more on R&D activities for developing new products and technologies.
1.2.Real time insights and validation
1.4.Assumptions and forecast parameters
3.1.Market segmentation & definitions
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.9.Market value chain analysis
3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.4.Distribution channel analysis
22.214.171.124.Raw material suppliers
4.Electrostatic Discharge (ESD) Foams Market, by End-user
4.1.Network and Telecommunication Industry
4.1.1.Market size and forecast, by region, 2021-2030
4.1.2.Comparative market share analysis, 2021-2030
4.2.1.Market size and forecast, by region, 2021-2030
4.2.2.Comparative market share analysis, 2021-2030
4.3.1.Market size and forecast, by region, 2021-2030
4.3.2.Comparative market share analysis, 2021-2030
4.4.Military and Defense
4.4.1.Market size and forecast, by region, 2021-2030
4.4.2.Comparative market share analysis, 2021-2030
4.5.1.Market size and forecast, by region, 2021-2030
4.5.2.Comparative market share analysis, 2021-2030
4.6.1.Market size and forecast, by region, 2021-2030
4.6.2.Comparative market share analysis, 2021-2030
4.7.1.Market size and forecast, by region, 2021-2030
4.7.2.Comparative market share analysis, 2021-2030
5.Electrostatic Discharge (ESD) Foams Market, by Region
5.1.1.Market size and forecast, by End-user, 2021-2030
5.1.2.Market size and forecast, by country, 2021-2030
5.1.3.Comparative market share analysis, 2021-2030
126.96.36.199.Market size and forecast, by End-user, 2021-2030
188.8.131.52.Market size and forecast, by vertical, 2021-2030
184.108.40.206.Market size and forecast, by End-user, 2021-2030
220.127.116.11.Comparative market share analysis, 2021-2030
5.2.1.Market size and forecast, by End-user, 2021-2030
5.2.2.Market size and forecast, by country, 2021-2030
5.2.3.Comparative market share analysis, 2021-2030
18.104.22.168.Market size and forecast, by End-user, 2021-2030
22.214.171.124.Comparative market share analysis, 2021-2030
126.96.36.199.Market size and forecast, by End-user, 2021-2030
188.8.131.52.Comparative market share analysis, 2021-2030
184.108.40.206.Market size and forecast, by End-user, 2021-2030
220.127.116.11.Comparative market share analysis, 2021-2030
18.104.22.168.Market size and forecast, by End-user, 2021-2030
22.214.171.124.Comparative market share analysis, 2021-2030
5.2.8.Rest of Europe
126.96.36.199.Market size and forecast, by End-user, 2021-2030
188.8.131.52.Comparative market share analysis, 2021-2030
5.3.1.Market size and forecast, by End-user, 2021-2030
5.3.2.Comparative market share analysis, 2021-2030
5.3.3.Market size and forecast, by country, 2021-2030
184.108.40.206.Market size and forecast, by End-user, 2021-2030
220.127.116.11.Comparative market share analysis, 2021-2030
18.104.22.168.Market size and forecast, by End-user, 2021-2030
22.214.171.124.Comparative market share analysis, 2021-2030
126.96.36.199.Market size and forecast, by End-user, 2021-2030
188.8.131.52.Comparative market share analysis, 2021-2030
184.108.40.206.Market size and forecast, by End-user, 2021-2030
220.127.116.11.Comparative market share analysis, 2021-2030
18.104.22.168.Market size and forecast, by End-user, 2021-2030
22.214.171.124.Comparative market share analysis, 2021-2030
5.3.9.Rest of Asia Pacific
126.96.36.199.Market size and forecast, by End-user, 2021-2030
188.8.131.52.Comparative market share analysis, 2021-2030
184.108.40.206.Market size and forecast, by End-user, 2021-2030
220.127.116.11.Market size and forecast, by country, 2021-2030
18.104.22.168.Comparative market share analysis, 2021-2030
22.214.171.124.Market size and forecast, by End-user, 2021-2030
126.96.36.199.Comparative market share analysis, 2021-2030
188.8.131.52.Market size and forecast, by End-user, 2021-2030
184.108.40.206.Comparative market share analysis, 2021-2030
220.127.116.11.Market size and forecast, by End-user, 2021-2030
18.104.22.168.Comparative market share analysis, 2021-2030
6.1.Smurfit Kappa Group
6.1.4.Recent strategic moves & developments
6.2.4.Recent strategic moves & developments
6.3.4.Recent strategic moves & developments
6.4.4.Recent strategic moves & developments
6.5.4.Recent strategic moves & developments
6.6.4.Recent strategic moves & developments
6.7.Conductive Containers Inc.
6.7.4.Recent strategic moves & developments
6.8.Elcom (UK) Ltd
6.8.4.Recent strategic moves & developments
6.9.Tandem Equipment Sales Inc.
6.9.4.Recent strategic moves & developments
6.10.Global STATCLEAN SYSTEMS
6.10.4.Recent strategic moves & developments
Electrostatic discharge (ESD) foams are type of anti-static packaging materials used extensively for the shipping and storage of semiconductor and electronics components to prevent damage from ESD damage. ESD foams are incorporated with anti-static agents for ESD components and are manufactured using the anti-static agents, which aids in generating the static charges. Majorly, ESD foams help in not generating the static electricity that can be generated due to the friction between electrical components when in motion. A number of packaging companies across the globe have been formulating foams of different vibration control capabilities and density to meet the several demands of shipping of electronics components.
COVID-19 Impact on Electrostatic Discharge (ESD) Foams Market
The outbreak of COVID-19 across the globe has unfavorably impacted the global electrostatic discharge (ESD) foams market growth. The global market suffered due to the lockdown restrictions as most of the manufacturing plants of electronic devices were shut down during the outbreak of coronavirus. Besides, the production of electronic devices was obstructed owing to the shortage of labor, raw material supply, and other issues. All these factors had a direct impact on the drastic decline in demand for ESD foams and consequently negative impact on the global market growth during the pandemic period.
However, the electrostatic discharge (ESD) foams market is predicted to increase post the coronavirus restriction eases, owing to the increasing demand for electronic components across the globe.
Electrostatic Discharge (ESD) Foams Market Trends and Developments
The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global electrostatic discharge (ESD) foams market growth in the upcoming years.
For instance, in March 2019, Transcendia, the US-based custom-engineered materials manufacturer, completed the acquisition of Purestat Engineered Technologies, a leading manufacturer of electrostatic dissipative (ESD) active packaging solutions. Transcendia, with this acquisition, has expanded its portfolio with the addition of anti-static ESD formulations & multi-layer extrusion and lamination capabilities. The aim of the company behind this acquisition is to strengthen its active packaging as well as barrier film platforms.
In February 2021, PPG Industries, a global manufacturer of paints, coatings, & specialty materials, completed the acquisition of acquisition of VersaFlex from DalFort Capital Partners, which specializes in polyurea, polyurethane, and epoxy coatings for water & wastewater infrastructure, transportation, flooring, and industrial applications.
Forecast Analysis of Global Market
The global electrostatic discharge (ESD) foams market is projected to witness an exponential growth over the forecast period, owing to the rising investments in biodegradable ESD package by various companies across the globe. Conversely, the high costs of ESD packages and its bulky nature are expected to hamper the market growth in the projected timeframe.
The rising demand for ESD foams from various industries such as automotive, consumer electronics, and many others, and the business expansion and acquisitions by key market players worldwide are the significant factors and electrostatic discharge (ESD) foams market trends estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global Electrostatic Discharge (ESD) Foams Market is expected to garner $895.2 million during the forecast period (2021-2030). Regionally, the North America region is estimated to hold the highest market share by witness 2030, owing to the increasing adoption of technological devices in automobile and manufacturing industries in the region, which has consequently boosted the transportation need of these devices and the adoption of foams to protect them from getting damaged.
The key players functioning in the global 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.